Entrepreneurship Quiz: Definition and Concepts
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Questions and Answers

An entrepreneur is a person who organizes, operates, and assumes the risk of business ventures.

True

Entrepreneurship is about owning and managing a small entrepreneurial endeavor or small business only.

False

An entrepreneur should not utilize their innate skills for profit.

False

Combining hobbies and favorite activities with money making ideas is not recommended for entrepreneurs.

<p>False</p> Signup and view all the answers

An entrepreneur's role in the economy is not significant.

<p>False</p> Signup and view all the answers

Scrutinizing the features, functions, services, design, and other aspects of goods and services cannot lead to generating new ideas.

<p>False</p> Signup and view all the answers

Having connections and referrals from previous work experience is not advantageous for an entrepreneur.

<p>False</p> Signup and view all the answers

Identifying unexplored resources includes innovating unused resources and learning new approaches.

<p>True</p> Signup and view all the answers

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