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Importance of Entrepreneurship to Organizations

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Importance of Entrepreneurship to Organizations

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Questions and Answers

What does the word 'entrepreneur' mean?

To undertake a risk (correct)

To manage a business

To create an organization

To develop managerial skills

What is a key characteristic of entrepreneurs?

Passivity

Fear of challenges

Dependence on instructions

Initiative (correct)

How does entrepreneurship contribute to economic development?

By creating organizations

By providing unique solutions to market needs

By improving the standard of living (correct)

By developing managerial capabilities

What is one factor affecting entrepreneurship according to the text?

Perseverance in pursuing goals Signup and view all the answers

What distinguishes entrepreneurs from others?

Generating unique ideas and solutions Signup and view all the answers

Which of the following is NOT a characteristic of a successful entrepreneur?

Being indecisive Signup and view all the answers

What type of entrepreneur follows the ideas of others rather than creating new ones?

Imitating Entrepreneur Signup and view all the answers

Which of the following is NOT a core competency in entrepreneurship?

Being a follower Signup and view all the answers

Which type of entrepreneur is ready to suffer the loss of business and is conservative?

Drone Entrepreneur Signup and view all the answers

Which of the following is NOT a career opportunity in entrepreneurship?

Accountant Signup and view all the answers