Entrepreneurship Quiz

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Questions and Answers

Which of the following best describes entrepreneurship?

  • The process of organizing and managing a business venture
  • The process of designing, launching, and running a new business
  • The process of innovating and creating new ideas
  • The process of creating or extracting economic value (correct)

What is an entrepreneur?

  • An individual who manages a business venture
  • An individual who takes risks in starting a business (correct)
  • An individual who enjoys most of the rewards of a business
  • An individual who invests in one or more businesses

What is the process of setting up a business called?

  • Innovation
  • Design
  • Entrepreneurship (correct)
  • Investment

How is entrepreneurship different from starting a small business?

<p>Entrepreneurship is a broader term than starting a small business (D)</p> Signup and view all the answers

What is the capacity and willingness to develop, organize, and manage a business venture called?

<p>Entrepreneurship (A)</p> Signup and view all the answers

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