18 Questions
What defines entrepreneurship as an economic activity?
Creation and operation of an enterprise
Which type of entrepreneurs are skeptical about making changes within their organizations?
Fabian Entrepreneurs
What is a core competency of an entrepreneur according to the text?
Creating value by using limited resources
Why do entrepreneurs need to be compensated according to the text?
From profit generated by their operations
Which type of entrepreneurs do not create new things but follow the ideas of others?
Imitating Entrepreneurs
What is a key trait needed by entrepreneurs to deal with uncertainty?
Creativity and innovation
What does the term 'entrepreneur' mean?
To undertake
Which of the following is NOT a common competency in entrepreneurship?
Coward
What is the significance of entrepreneurship according to the text?
Helps identify and develop managerial capabilities
Which common competency involves having convincing power?
Communicator
What does it mean to be proactive as an entrepreneur?
Having the ability to see business chances first
Which common competency involves having the charisma to be obeyed by employees?
Leader
What type of entrepreneurs are described as die-hard conservatives and willing to suffer business losses?
Drone Entrepreneurs
Which type of entrepreneurs drive social innovation and transformation in fields like education, health, and human rights?
Social Entrepreneurs
What career path involves providing advice to other entrepreneurs and aspiring business people based on expertise in entrepreneurship?
Business Consultant
Which career opportunity allows an entrepreneur to utilize their knowledge by teaching others about entrepreneurship?
Teacher
In which career option can an entrepreneur apply their skills as a salesman?
Sales
Which career path involves an entrepreneur reporting on business matters due to their expertise in the field?
Business Reporter
Test your knowledge on key concepts related to entrepreneurship in Week 2. Answer questions on the meaning of entrepreneur, the process of entrepreneurship, managerial capabilities, and more.
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