The Entrepreneurship Journey

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Which of the following best describes entrepreneurship?

The process of setting up a business

The capacity and willingness to manage a business venture (correct)

The creation or extraction of economic value with minimal risk

The source of new ideas and goods

What is an entrepreneur?

An individual who invests in businesses

An individual who assumes minimal risks in a business

An individual who enjoys most of the rewards in a business

An individual who creates and/or invests in businesses (correct)

What is the process of designing, launching, and running a new business called?

Entrepreneurship (correct)

Business development

Innovation

Risk management

How are entrepreneurship and small businesses related?

Entrepreneurship is often similar to a small business Signup and view all the answers

What are entrepreneurs often referred to as?

Risk-takers Signup and view all the answers

Entrepreneurship involves creating economic value in ways that may involve more risk than traditional businesses.

True Signup and view all the answers

An entrepreneur is someone who invests in existing businesses rather than creating new ones.

False Signup and view all the answers

Entrepreneurs are often seen as innovators and sources of new ideas.

True Signup and view all the answers

The process of setting up a business is known as entrepreneurship.

True Signup and view all the answers

Entrepreneurship is solely focused on making a profit and does not involve any other values.

False Signup and view all the answers

The Entrepreneurship Journey

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Questions and Answers

Which of the following best describes entrepreneurship?

What is an entrepreneur?

What is the process of designing, launching, and running a new business called?

How are entrepreneurship and small businesses related?

What are entrepreneurs often referred to as?

Entrepreneurship involves creating economic value in ways that may involve more risk than traditional businesses.

An entrepreneur is someone who invests in existing businesses rather than creating new ones.

Entrepreneurs are often seen as innovators and sources of new ideas.

The process of setting up a business is known as entrepreneurship.

Entrepreneurship is solely focused on making a profit and does not involve any other values.

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