Entrepreneurship Skills with Dr. Mohamed Ramadan A. Rezk Quiz
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Questions and Answers

What is the main role of Dr. Mohamed Ramadan A. Rezk?

  • He is the Director of the Egyptian Science, Technology and Innovation Observatory (ESTIO) at the Academy of Scientific Research and Technology (ASRT) in Egypt.
  • He is the Assistant secretary general of the Arab Association of Science and Technology Observatories.
  • He is a member of the Specialized council of future studies and risk management in ASRT.
  • All of the above. (correct)
  • What is the primary purpose of a business according to the text?

  • To provide products or services.
  • To employ people.
  • To make money.
  • Both a and b. (correct)
  • What is the main difference between an employee and an entrepreneur?

  • An employee works in a business owned by someone else, while an entrepreneur creates and runs their own business. (correct)
  • An employee works for a salary, while an entrepreneur works for profit.
  • An employee earns a living, while an entrepreneur makes money.
  • An employee provides products or services, while an entrepreneur provides services only.
  • Which of the following is NOT mentioned as one of Dr. Rezk's achievements?

    <p>Serving as the CEO of the Academy of Scientific Research and Technology (ASRT).</p> Signup and view all the answers

    What would you expect to learn in this course on entrepreneurship skills?

    <p>How to start and run a successful business.</p> Signup and view all the answers

    If you could add a word to the dictionary, what would it be and what would it mean?

    <p>Foresight - the ability to predict and plan for future events.</p> Signup and view all the answers

    Which of the following is NOT considered one of the common fears of an entrepreneur?

    <p>Fear of lack of financial resources</p> Signup and view all the answers

    What is the definition of entrepreneurship according to the text?

    <p>The process of recognizing an opportunity, testing it in the market, and gathering resources necessary to go into business</p> Signup and view all the answers

    Which of the following is NOT considered an emerging technology?

    <p>Cloud Computing</p> Signup and view all the answers

    What three basic skills does the text say will be required for the jobs of the future?

    <p>Learning (STEM), creativity, and emotional intelligence</p> Signup and view all the answers

    Which of the following jobs is NOT mentioned in the text as being at risk of disappearing due to technical development?

    <p>Accountants</p> Signup and view all the answers

    Which of the following is the definition of an entrepreneur?

    <p>An individual who undertakes the creation, organization, and ownership of a business</p> Signup and view all the answers

    What is the primary goal of a businessman?

    <p>To solely maximize profit by utilizing available opportunities</p> Signup and view all the answers

    Which of the following best describes the risk factor for a businessman?

    <p>High risk, as they face huge competition from rivals</p> Signup and view all the answers

    What is the nature of a businessman's job?

    <p>Limited, as they have a moderate effort and commitment</p> Signup and view all the answers

    How does the text define entrepreneurship?

    <p>The dynamic process of creating incremental wealth by assuming major risks</p> Signup and view all the answers

    What is the key difference between an entrepreneur and a businessman in terms of decision-making?

    <p>Entrepreneurs make their own decisions, while businessmen follow decisions made by others</p> Signup and view all the answers

    What is the primary focus of an entrepreneur, according to the text?

    <p>To maximize self-potential</p> Signup and view all the answers

    What is the primary motive for entrepreneurs according to the text?

    <p>Accumulating wealth and profit</p> Signup and view all the answers

    Which of the following is NOT listed as an importance of entrepreneurship?

    <p>Reducing reliance on imports</p> Signup and view all the answers

    According to the passage, which of these is a risk associated with entrepreneurship?

    <p>All of the above</p> Signup and view all the answers

    How does entrepreneurship contribute to a country's gross national product (GNP)?

    <p>By increasing the total goods and services produced</p> Signup and view all the answers

    What does the passage imply about international trade and entrepreneurship?

    <p>Entrepreneurs seek to sell products abroad for higher profits</p> Signup and view all the answers

    Which factor is NOT mentioned as contributing to the 'dark side of entrepreneurship'?

    <p>Difficulty accessing capital from investors</p> Signup and view all the answers

    Which of the following is NOT a key activity of entrepreneurship?

    <p>Following a predetermined set of rules and regulations</p> Signup and view all the answers

    What is one of the rewards of being an entrepreneur mentioned in the text?

    <p>Creating greater wealth</p> Signup and view all the answers

    Which of the following best describes the concept of entrepreneurship as presented in the text?

    <p>A process of creating something new and valuable while assuming risks</p> Signup and view all the answers

    According to the quote from Michael Porter, what is essential for the process of innovation?

    <p>It cannot be separated from a firm's strategic and competitive context</p> Signup and view all the answers

    Which of the following is NOT listed as a reward of being an entrepreneur in the text?

    <p>Guaranteed financial success</p> Signup and view all the answers

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