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Importance of Entrepreneurship for Organizations

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Importance of Entrepreneurship for Organizations

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Questions and Answers

What does the word 'entrepreneur' mean based on its French origin?

To organize

To innovate

To manage

To undertake (correct)

Which of the following is NOT a benefit of entrepreneurship mentioned in the text?

Improving standard of living

Means of economic development

Enhancing social relationships (correct)

Creation of organizations

What do entrepreneurs primarily aim to do in the market and society according to the text?

Follow traditional practices

Generate unique ideas (correct)

Avoid taking risks

Maintain the status quo

Which of the following is NOT a personality factor affecting entrepreneurship as per the text?

Rigidity Signup and view all the answers

What aspect of entrepreneurship refers to the act of creating organizations?

Enterprise development Signup and view all the answers

In what way can entrepreneurship positively impact a society according to the text?

Improving standard of living Signup and view all the answers

What is a common competency in entrepreneurship?

Being a risk-taker Signup and view all the answers

Which type of entrepreneur is known for making new things by thinking of new ideas?

Innovative Entrepreneur Signup and view all the answers

What is a key core competency in entrepreneurship related to economic activity?

Profit Potential Signup and view all the answers

Which type of entrepreneur is skeptical about changes and does not initiate but only follows after being satisfied?

Fabian Entrepreneur Signup and view all the answers

What does being an 'opportunity seeker' as an entrepreneur involve?

Having the ability to see business chances first Signup and view all the answers

Which common competency is related to an entrepreneur having the charisma to be obeyed by employees?

Leader Signup and view all the answers