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Questions and Answers
Which term refers to the creation or extraction of economic value?
Which term refers to the creation or extraction of economic value?
- Investment
- Risk-taking
- Innovation
- Entrepreneurship (correct)
What is the process of setting up a business called?
What is the process of setting up a business called?
- Innovation
- Risk-taking
- Entrepreneurship (correct)
- Investment
What is the role of an entrepreneur?
What is the role of an entrepreneur?
- To create new ideas
- To manage a business venture
- To develop goods and services
- All of the above (correct)
How is entrepreneurship different from starting a regular business?
How is entrepreneurship different from starting a regular 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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