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Questions and Answers
Which of the following best defines entrepreneurship?
Which of the following best defines entrepreneurship?
- The act of creating or extracting economic value (correct)
- The process of starting a business
- The capacity and willingness to develop, organize and manage a business venture
- The act of investing in one or more businesses
What is an entrepreneur?
What is an entrepreneur?
- An individual who invests in one or more businesses
- An individual who manages a business venture
- An individual who creates and invests in one or more businesses (correct)
- An individual who creates a business
What is the process of setting up a business known as?
What is the process of setting up a business known as?
- Venture
- Entrepreneurship (correct)
- Innovation
- Investment
What are the people who create businesses often referred to as?
What are the people who create businesses often referred to as?
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How has entrepreneurship been described in a more narrow sense?
How has entrepreneurship been described in a more narrow sense?
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