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Questions and Answers
Which of the following best defines entrepreneurship?
Which of the following best defines entrepreneurship?
- The extraction of economic value
- The process of setting up a business (correct)
- The willingness to develop a business venture
- The creation of new ideas and goods
What is an entrepreneur?
What is an entrepreneur?
- An individual who creates new ideas and goods
- An individual who takes risks in business (correct)
- An individual who manages a business venture
- An individual who invests in businesses
How is entrepreneurship different from starting a business?
How is entrepreneurship different from starting a business?
- Entrepreneurship is the same as starting a small business
- Entrepreneurship involves more risks than starting a business
- Entrepreneurship requires innovation and new ideas (correct)
- Entrepreneurship focuses on economic values only
What is the narrower definition of entrepreneurship?
What is the narrower definition of entrepreneurship?
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What are the people who create businesses often referred to as?
What are the people who create businesses often referred to as?
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