Entrepreneurship: Overview and Concepts Quiz

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What does an entrepreneur do?

Avoids taking risks in business ventures

Creates unique ideas for starting a business (correct)

Manages existing businesses only

Imitates existing business ideas

What is the significance of studying Entrepreneurship?

To limit knowledge on business operations

To discourage individuals from becoming entrepreneurs

To decrease motivation for personal growth

To develop skills needed for starting a business (correct)

How does Entrepreneurship education impact the economy?

Decreases the number of job opportunities available

Reduces the level of knowledge and competence in the society

Increases the level of knowledge, competence, and improves quality of life (correct)

Has no impact on economic drivers

What distinguishes an entrepreneur from a businessman?

An entrepreneur innovates and creates unique ideas, while a businessman operates existing businesses Signup and view all the answers

Why is integrity important in entrepreneurship?

Integrity builds trust with customers and partners Signup and view all the answers

What are some benefits of studying Entrepreneurship according to the text?

Enhancement of knowledge on business operations Signup and view all the answers

Which of the following is NOT a common entrepreneurial competency?

Conceptual Thinking Signup and view all the answers

What is a key competency required for entrepreneurial success that involves understanding where problems occurred in projects?

Conceptual Thinking Signup and view all the answers

In entrepreneurship, which competency involves making decisions based on what is good and right for everyone?

Integrity Signup and view all the answers

Which of the following is a quality more associated with a businessman than an entrepreneur?

Decisiveness Signup and view all the answers

What key aspect distinguishes an entrepreneur from a businessman?

Risk-Taking Propensity Signup and view all the answers

Which of the following is a potential benefit of studying Entrepreneurship Education?

Encouraging Willingness to Take Risk Signup and view all the answers

Which of the following is NOT a quality that an entrepreneurship student should possess?

Risk-averse Signup and view all the answers

What is the primary difference between a businessman and an entrepreneur?

An entrepreneur is focused on creating and growing a new business, while a businessman manages an existing business. Signup and view all the answers

If you witnessed your classmate using a teacher's computer without permission, what would be the most ethical course of action?

Report the incident to the teacher or school authorities. Signup and view all the answers

Which of the following is NOT a benefit of studying entrepreneurship for students?

Becoming an expert in a specific industry or product. Signup and view all the answers

Which of the following is an essential entrepreneurial competency for success?

All of the above Signup and view all the answers

Which of the following qualities should an entrepreneurship student prioritize the most?

There is no single most important quality; a combination of qualities is essential. Signup and view all the answers