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Entrepreneurship Theories and Concepts Quiz

10 Questions

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Entrepreneurship Theories and Concepts Quiz

Created by

@BelievableForethought5843

Questions and Answers

According to Jean Babtiste Say, an entrepreneur is a person who:

shifts resources from an area of low productivity to high productivity (correct)

acts as an economic agent who transforms resources into products

undertakes to do a job

acts as a prime mover in the private enterprise

According to Adam Smith, an entrepreneur is a person who:

acts as an economic agent who transforms resources into products

undertakes to do a job

acts as an agent in transforming demand into supply (correct)

acts as a prime mover in the private enterprise

According to Richard Cantillon, an entrepreneur is a person who:

acts as a prime mover in the private enterprise

undertakes to do a job (correct)

acts as an agent in transforming demand into supply

shifts resources from an area of low productivity to high productivity

According to Carl Menger, an entrepreneur acts as an economic agent who:

transforms resources into products and gives added value Signup and view all the answers

According to John Stuart Mill, the entrepreneur is the fourth factor of production after:

land, labor, and capital Signup and view all the answers

According to Richard Cantillon, an entrepreneur is a person who:

undertakes to do a job Signup and view all the answers

According to Adam Smith, an entrepreneur is a person who:

acts as an economic agent in transforming demand into supply Signup and view all the answers

According to Jean Babtiste Say, an entrepreneur is a person who:

shifts resources from an area of low productivity to high productivity Signup and view all the answers

According to John Stuart Mill, the entrepreneur is the fourth factor of production after:

land, labor, and capital Signup and view all the answers

According to Carl Menger, an entrepreneur acts as an economic agent who:

transforms resources into products and gives added value Signup and view all the answers

Study Notes

Entrepreneurship Definitions

Jean Babtiste Say defines an entrepreneur as a person who...
Adam Smith views an entrepreneur as a person who...
Richard Cantillon describes an entrepreneur as a person who...
According to Carl Menger, an entrepreneur acts as an economic agent who...
In John Stuart Mill's perspective, the entrepreneur is the fourth factor of production after land, labor, and capital...

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Description

Test your knowledge of entrepreneurship theories and concepts with this quiz. From differentiating between entrepreneur and entrepreneurship to understanding Islamic entrepreneurship, this quiz covers various aspects of successful entrepreneurship. Whether you're a student or a budding entrepreneur, this quiz will help you demonstrate your competencies in the field.