3 Questions
True or false: An entrepreneur is a person who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize on those opportunities.
True
True or false: Entrepreneurship involves taking risks and facing uncertainty.
True
True or false: The primary goal of entrepreneurship is to achieve profit and growth.
True
Study Notes
Entrepreneurship Definition
- An entrepreneur is a person who creates a new business, taking on risk and uncertainty, to achieve profit and growth by identifying opportunities and assembling necessary resources.
Key Characteristics of Entrepreneurship
- Entrepreneurship involves taking risks and facing uncertainty.
Goals of Entrepreneurship
- The primary goal of entrepreneurship is to achieve profit and growth.
Test your knowledge on the definition of entrepreneurship with this true or false quiz. Determine whether the statement accurately describes what it means to be an entrepreneur.
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