Entrepreneurship Quiz

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Questions and Answers

What is entrepreneurship primarily concerned with?

  • Creating economic value with minimal risk
  • Creating or extracting economic value with some level of risk (correct)
  • Creating economic value without any risk
  • Creating economic value with maximum risk

How is an entrepreneur commonly seen?

  • As a follower of traditional business practices
  • As a manager of existing businesses
  • As an innovator and a source of new ideas, goods, and services (correct)
  • As a risk-averse individual

What is the process of setting up a business known as?

  • Risk management
  • Economic extraction
  • Entrepreneurship (correct)
  • Business inception

How has entrepreneurship been described according to Business Dictionary?

<p>The capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit (B)</p> Signup and view all the answers

What are the people who create businesses often referred to as?

<p>Entrepreneurs (C)</p> Signup and view all the answers

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