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?

<p>Rigidity (B)</p> Signup and view all the answers

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

<p>Enterprise development (B)</p> Signup and view all the answers

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

<p>Improving standard of living (A)</p> Signup and view all the answers

What is a common competency in entrepreneurship?

<p>Being a risk-taker (B)</p> Signup and view all the answers

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

<p>Innovative Entrepreneur (D)</p> Signup and view all the answers

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

<p>Profit Potential (A)</p> Signup and view all the answers

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

<p>Fabian Entrepreneur (C)</p> Signup and view all the answers

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

<p>Having the ability to see business chances first (D)</p> Signup and view all the answers

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

<p>Leader (B)</p> Signup and view all the answers

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