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Questions and Answers
Which of the following best describes entrepreneurship?
Which of the following best describes entrepreneurship?
- Starting a business without considering financial and social risks
- Bearing the risk of creating a new venture with low potential for growth
- The process of creating something new with potential for growth and profit (correct)
- Operating a business with an established idea
What distinguishes an entrepreneur from a businessman?
What distinguishes an entrepreneur from a businessman?
- An entrepreneur lacks entrepreneurial competencies, while a businessman has integrity
- An entrepreneur has low-risk factor, while a businessman has high-risk factor
- An entrepreneur initiates and establishes a new market, while a businessman operates with an existing business idea (correct)
- An entrepreneur focuses on competition, while a businessman focuses on profit
Which factor is important for an entrepreneur to consider when starting a new venture?
Which factor is important for an entrepreneur to consider when starting a new venture?
- Financial, psychological, and social risks (correct)
- Low-risk factor and high profit
- Competition and market player
- Integrity and personal satisfaction
What is the main incentive for an entrepreneur to create a new venture?
What is the main incentive for an entrepreneur to create a new venture?
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What does entrepreneurship involve?
What does entrepreneurship involve?
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