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10 Questions

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Introduction to Entrepreneurship

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Questions and Answers

What is the main practice of entrepreneurship?

Assuming different types of risks

Coordinating resources and creating enterprise

Innovation of the firm

Identifying emerging opportunities (correct)

What is the role of an Intrapreneur?

Identifying emerging opportunities

Applying the principle of creative problem solving

Leading corporate entrepreneurship groups

Mobilizing resources within a large company (correct)

During which century was the concept of an entrepreneur viewed from economic perspectives?

17th Century

18th Century

20th Century (correct)

19th Century

According to Richard Cantillon, what is the main characteristic of an entrepreneur?

Risk taking Signup and view all the answers

What is the primary function of an entrepreneur according to the 20th Century view?

Reforming or revolutionizing the pattern of production Signup and view all the answers

What is the role of entrepreneurship within the economy?

Contributing to economic growth Signup and view all the answers

What does entrepreneurship involve according to the text?

Creating incremental value and undertaking risk Signup and view all the answers

In what way is entrepreneurship described as a dynamic process according to the text?

It entails creating incremental value and discovering opportunities Signup and view all the answers

How is entrepreneurship defined in the context of the text?

The process of creating something different with value Signup and view all the answers

What is the function of entrepreneurship based on the text?

Seeing investment opportunity with managerial functions Signup and view all the answers