Entrepreneurship Quiz

The activity of setting up a business or businesses, taking on financial risks in the hope of profit. One who organizes, manages, and assumes the risks of a business or enterprise. The state of being an entrepreneur, or a person who organizes, manages, and assumes the risk of a business with the goal of generating economic value. The creation or extraction of value, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.

An entrepreneur is someone who organizes, manages, and assumes the risk of a business with the goal of generating economic value. A business owner is someone who owns a business, but may not necessarily be involved in the day-to-day operations or take on significant financial risks.

The phrase 'extraction of value' refers to the creation of value through activities that entail significant risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.

<p>The goal of entrepreneurship is to generate economic value.</p> Signup and view all the answers

<p>Entrepreneurship can be defined as the activity of setting up a business or businesses, taking on financial risks in the hope of profit.</p> Signup and view all the answers

<p>An entrepreneur organizes, manages, and assumes the risks of a business or enterprise with the goal of generating economic value.</p> Signup and view all the answers

<p>Setting up a business or businesses, taking on financial risks in the hope of profit.</p> Signup and view all the answers

<p>A person who organizes, manages, and assumes the risk of a business with the goal of generating economic value.</p> Signup and view all the answers

<p>It generally entails risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.</p> Signup and view all the answers