Podcast
Questions and Answers
What is the origin of the word 'entrepreneur'?
What is the origin of the word 'entrepreneur'?
- Derived from the English word 'enterprise'
- Derived from the German word 'unternehmen'
- Derived from the French word 'entreprendre' meaning to undertake (correct)
- Derived from the Spanish word 'emprendedor'
Who was the first economist to introduce the term 'entrepreneur'?
Who was the first economist to introduce the term 'entrepreneur'?
- Alfred Marshall
- Adam Smith
- John Maynard Keynes
- Richard Cantillon (correct)
According to J.A. Schumpeter, what defines an entrepreneur?
According to J.A. Schumpeter, what defines an entrepreneur?
- Someone who introduces innovative changes and is integral to economic growth (correct)
- A professional risk-assessment consultant
- An individual who manages existing businesses effectively
- A person who invests in well-established companies
Which characteristic is highlighted as essential for a successful entrepreneur?
Which characteristic is highlighted as essential for a successful entrepreneur?
In which century did the term 'entrepreneur' become associated with persons starting their own enterprises?
In which century did the term 'entrepreneur' become associated with persons starting their own enterprises?
How were Frenchmen undertaking military expeditions referred to in the 16th century?
How were Frenchmen undertaking military expeditions referred to in the 16th century?
What characteristic is described as the most important for an entrepreneur?
What characteristic is described as the most important for an entrepreneur?
What quality does an entrepreneur exhibit by having the capacity to visualize future market changes?
What quality does an entrepreneur exhibit by having the capacity to visualize future market changes?
What does an entrepreneur with high achievement motivation do?
What does an entrepreneur with high achievement motivation do?
What is a key characteristic of a successful entrepreneur relating to decision-making?
What is a key characteristic of a successful entrepreneur relating to decision-making?
What quality does an entrepreneur need to have to overcome obstacles and devise plans for success?
What quality does an entrepreneur need to have to overcome obstacles and devise plans for success?
What does the text emphasize an entrepreneur should always initiate to cater to customer demands?
What does the text emphasize an entrepreneur should always initiate to cater to customer demands?
