Intro to Enterprise and Business

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What is the primary characteristic of a hustler entrepreneur?

Willingness to work hard and put in constant effort (correct)

Willingness to take high risks

Ability to raise external capital

Tendency to imitate others' business ideas

What is the main goal of a scalable startup?

To imitate others' business ideas

To become a small, profitable company

To become an extremely high growth, profitable company (correct)

To create a business with low risk and low reward

What is the primary motivation of an imitator entrepreneur?

Need for external capital

Desire to take high risks

Self-confidence and determination (correct)

Fear of failure

Which type of entrepreneur often starts small and works toward growing a bigger business?

Hustler entrepreneur Signup and view all the answers

What do hustler entrepreneurs typically rely on to achieve their goals?

Hard work and constant effort Signup and view all the answers

What is a key characteristic of an imitator entrepreneur?

Tendency to think of new ideas and work hard Signup and view all the answers

What type of business organization is owned and controlled by the government?

Government Owned and Controlled Corporations (GOCC) Signup and view all the answers

What is the primary focus of the construction industry?

Building and infrastructure development Signup and view all the answers

What is an example of a business that provides services to other businesses in a specific industry?

A logistics company Signup and view all the answers

Which type of business organization is characterized by a single owner?

Sole Proprietorship Signup and view all the answers

What is another term for the processing of raw materials and manufacture of goods?

Industry Signup and view all the answers

What is the main category that the Health Care Industry falls under?

Service Industry Signup and view all the answers

What is the term for a business that can be enlarged or expanded to increase its production or sales?

Scalable startup entrepreneurship Signup and view all the answers

What is the term used to describe a business or organization that operates in a particular trade or field?

Industry Signup and view all the answers

How many types of industries are mentioned in the given text?

11 Signup and view all the answers

What is the term used to describe a person who organizes and operates a business or businesses, often with an emphasis on innovation and risk-taking?

Entrepreneur Signup and view all the answers

What is the definition of an enterprise according to the lecture notes?

A company, business, organization, or other purposeful endeavor Signup and view all the answers

What type of entrepreneurial engagement is focused on social development?

Social Enterprise Signup and view all the answers

What is the main difference between a business and a social enterprise?

Purpose of operation Signup and view all the answers

What is technopreneurship?

An entrepreneurship based on technological innovations Signup and view all the answers

What is the quote 'Catch a man a fish, and you can sell it to him. Teach a man to fish and you ruin a wonderful business opportunity' attributed to?

Karl Marx Signup and view all the answers

What is the difference between 'give a man a fish' and 'teach a man to fish'?

One provides temporary solution, the other provides a lifetime solution Signup and view all the answers