Entrepreneurship Quiz
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Questions and Answers

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?

    <p>Collects and contributes them into a productive unit</p> Signup and view all the answers

    What motivates an entrepreneur according to the text?

    <p>Strong motivation to achieve the target</p> Signup and view all the answers

    What does the word 'entrepreneur' mean?

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

    According to Noah Webster, what is an entrepreneur?

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

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

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

    What does an entrepreneur do as a resource provider?

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

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

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

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