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Questions and Answers
Which of the following best describes entrepreneurship?
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?
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?
What is the process of setting up a business called?
- Innovation
- Design
- Entrepreneurship (correct)
- Investment
How is entrepreneurship different from starting a small business?
How is entrepreneurship different from starting a small business?
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What is the capacity and willingness to develop, organize, and manage a business venture called?
What is the capacity and willingness to develop, organize, and manage a business venture called?
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