Entrepreneurship Quiz

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Questions and Answers

What is entrepreneurship?

The act of investing in established businesses
The capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit
The creation or extraction of economic value involving beyond the minimal amount of risk (correct)
The process of setting up a business

How is an entrepreneur commonly seen?

As a manager of an existing business
As a passive investor in various businesses
As a follower of traditional business practices
As an innovator and a source of new ideas, goods, services, and business/or procedures (correct)

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

Entrepreneurship (correct)
Investment
Management
Innovation

What does entrepreneurship entail, according to the text?

Beyond the minimal amount of risk (D) Signup and view all the answers

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

Entrepreneurs (D) Signup and view all the answers

What is entrepreneurship?

Creation or extraction of economic value involving risk and potentially other values (B) Signup and view all the answers

How is an entrepreneur commonly seen?

As an innovator and a source of new ideas, goods, and services (A) Signup and view all the answers

What is the process of designing, launching, and running a new business often referred to as?

Entrepreneurship (C) Signup and view all the answers

How are entrepreneurs described in narrow definitions?

As individuals with the capacity and willingness to develop, organize, and manage a business venture along with its risks to make a profit (B) Signup and view all the answers