The Entrepreneurship Foundations Quiz
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Questions and Answers

What is the process of designing, launching, and running a new business, typically beginning as a small business offering a product, process, or service for sale or hire?

  • Corporate entrepreneurship
  • Entrepreneurship (correct)
  • Intrapreneurship
  • Small business management

What is the most significant economic development in recent history, as mentioned in the text?

  • Industrial revolution
  • Entrepreneurial spirit (correct)
  • Technological innovation
  • Globalization

How many new businesses do U.S. entrepreneurs launch every month, according to the text?

  • 250,000
  • 100,000
  • 514,000 (correct)
  • 750,000

What does creativity in entrepreneurship involve, as mentioned in the text?

<p>Forming something new and valuable (B)</p> Signup and view all the answers

What does GEM study refer to?

<p>Global Entrepreneurship Monitor study (D)</p> Signup and view all the answers

What does the GEM study refer to?

<p>A study on the forces driving the growth of entrepreneurship (D)</p> Signup and view all the answers

What is the role of the entrepreneur in business, as mentioned in the text?

<p>To design and launch a new business (C)</p> Signup and view all the answers

What is the significance of the 514,000 new businesses launched by U.S. entrepreneurs every month?

<p>It has contributed to the success of the U.S. economy over time (B)</p> Signup and view all the answers

What does creativity in entrepreneurship involve, as mentioned in the text?

<p>Forming something new and valuable, which can be intangible (A)</p> Signup and view all the answers

What is the entrepreneurial spirit considered as, according to the text?

<p>The most significant economic development in recent history (B)</p> Signup and view all the answers

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