Entrepreneurship Quiz

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What is the meaning of the word 'entrepreneur'?

To manage a business

To invest in a business

To undertake or to do something (correct)

To provide resources for a business

According to Richard Cantillon, who are entrepreneurs?

Investors in new ventures

Managers of large corporations

All persons engaged in economic activity (correct)

Only business owners

What is a key characteristic of an entrepreneur according to the text?

Risk bearer (correct)

Uncertainty eliminator

Achievement avoider

Resource collector

What does an entrepreneur do with the factors of production?

Collects and contributes them into a productive unit Signup and view all the answers

What motivates an entrepreneur according to the text?

Strong motivation to achieve the target Signup and view all the answers

What does the word 'entrepreneur' mean?

The word 'entrepreneur' is derived from the French word 'Enterprende' meaning 'to undertake' or 'to do something'. Signup and view all the answers

According to Noah Webster, what is an entrepreneur?

According to Noah Webster, an entrepreneur is one who assumes the risk and management of business. Signup and view all the answers

What is a key feature of an entrepreneur according to Lawerence?

According to Lawerence, the real feature of an entrepreneur's personality is attraction towards risk bearing. Signup and view all the answers

What does an entrepreneur do as a resource provider?

An entrepreneur collects the various factors of production and contributes them into a productive unit, creating form utilities. Signup and view all the answers

What is a key characteristic of an entrepreneur according to the text?

A key characteristic of an entrepreneur is being a high achiever, possessing achievement feature and strong motivation to achieve the target. Signup and view all the answers