The Entrepreneurship Quiz
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Questions and Answers

According to Joseph Schumpeter, what is the role of an entrepreneur?

  • To search for things to change and respond to them (correct)
  • To deliver customer's needs and demands
  • To study how entrepreneurs are motivated
  • To bear and take the risk of creating a new venture

What is the role of an entrepreneur?

  • To bear and take the risk of creating a new venture (correct)
  • To study how entrepreneurs are motivated
  • To search for things to change and respond to them
  • To deliver customer's needs and demands

What is entrepreneurship defined as?

  • The process of studying how entrepreneurs are motivated
  • The process of creating something new (correct)
  • The process of delivering customer's needs and demands
  • The process of bearing and taking the risk of creating a new venture

According to Peter Drucker, what is the role of an entrepreneur?

<p>To study how entrepreneurs are motivated (A)</p> Signup and view all the answers

What do most businesspeople believe about entrepreneurs?

<p>They deliver customer's needs and demands (D)</p> Signup and view all the answers

What is the role of an entrepreneur?

<p>To bear and take the risk of creating a new venture (D)</p> Signup and view all the answers

What is entrepreneurship defined as?

<p>The process of creating something new (C)</p> Signup and view all the answers

According to Joseph Schumpeter, what did he study?

<p>How entrepreneurs are motivated to look, innovate, and create new ways of doing business (B)</p> Signup and view all the answers

According to Peter Drucker, what is an entrepreneur?

<p>Someone who searches for things to change and responds to it (A)</p> Signup and view all the answers

What do most businesspeople believe about entrepreneurs?

<p>They are willing to bear and take the risk of creating a new venture (B)</p> Signup and view all the answers

Flashcards

Schumpeter's Entrepreneur Role

Search for things to change and respond to them.

Core Entrepreneurial Task

To bear and take the risk of creating a new venture.

Entrepreneurship Defined

The process of creating something new.

Drucker's Entrepreneurial Focus

Study how entrepreneurs are motivated.

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Businesspeople's View

They deliver customers' needs and demands.

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Schumpeter's Study

How entrepreneurs are motivated to innovate.

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Drucker's Entrepreneur Def

Someone who searches for things to change and responds to it.

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Businesspeople Believe

They are willing to bear and take the risk of creating a new venture.

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