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Questions and Answers
What is entrepreneurship?
What is entrepreneurship?
- The creation or extraction of economic value involving minimal risk
- The process of designing, launching and running a new business
- The capacity and willingness to develop, organize and manage a business venture
- The creation or extraction of economic value involving significant risk (correct)
Who is an entrepreneur?
Who is an entrepreneur?
- An individual who organizes and runs a small business
- An individual who invests in businesses with minimal risk
- An individual who manages a business venture without any risks
- An individual who innovates and creates new ideas, goods, or services (correct)
What is the process of setting up a business known as?
What is the process of setting up a business known as?
- Business management
- Entrepreneurship (correct)
- Economic extraction
- Innovation process
Why do a significant proportion of startups have to close, according to the text?
Why do a significant proportion of startups have to close, according to the text?
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How are entrepreneurs commonly perceived?
How are entrepreneurs commonly perceived?
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