Fundamentals of Entrepreneurship Quiz

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

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

Financial, psychological, and social risks (correct)

Low-risk factor and high profit

Competition and market player

Integrity and personal satisfaction

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<p>Creating something new with potential for growth and profit</p> Signup and view all the answers