Entrepreneurship Quiz

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Questions and Answers

Which term refers to the process of designing, launching, and running a new business?

  • Innovation
  • Small business
  • Extraction of economic value
  • Entrepreneurship (correct)

What is the main characteristic of an entrepreneur?

  • They avoid taking risks
  • They only focus on economic values
  • They invest in existing businesses
  • They bear most of the risks and enjoy most of the rewards (correct)

How is entrepreneurship different from starting a regular business?

  • It requires less innovation
  • It focuses solely on economic values
  • It has no difference
  • It involves more risk (correct)

What is the role of an entrepreneur in the business world?

<p>To create new ideas, goods, services, and procedures (A)</p> Signup and view all the answers

What is entrepreneurship often compared to?

<p>A small business (C)</p> Signup and view all the answers

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