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Questions and Answers
What is an entrepreneur?
What is an entrepreneur?
- A person who works in the government
- A person who starts and runs their own business (correct)
- A person who works for a company
- A person who invests in stocks
What is the main goal of an entrepreneur?
What is the main goal of an entrepreneur?
- To make a lot of money (correct)
- To have a stable job
- To provide a service to the community
- To work for a large corporation
What is a common characteristic of entrepreneurs?
What is a common characteristic of entrepreneurs?
- They are risk-averse
- They prefer to work alone
- They have a high tolerance for uncertainty (correct)
- They avoid taking on financial responsibilities
Which one of the following is NOT a component of research methodology?
Which one of the following is NOT a component of research methodology?
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What does research design refer to?
What does research design refer to?
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Why is the research title important in a research study?
Why is the research title important in a research study?
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Study Notes
Entrepreneur Definition
- An entrepreneur is an individual who creates, organizes, and manages a business venture, taking on financial risks to do so.
- Entrepreneurs are often seen as innovators, bringing new products or services to market.
Main Goal of an Entrepreneur
- The primary goal of an entrepreneur is to generate profit while fulfilling a market need or solving a problem.
- Entrepreneurs seek to create value, not only for themselves but also for customers and society at large.
Common Characteristic of Entrepreneurs
- A prevalent characteristic among entrepreneurs is a high tolerance for risk, allowing them to navigate uncertainties in business.
- They are typically proactive, driven, and possess a strong sense of self-determination.
Research Methodology Components
- Common components of research methodology include sampling procedures, data collection techniques, and data analysis methods.
- A component NOT included in research methodology is typically "personal opinions," as they are subjective and not scientifically rigorous.
Research Design Definition
- Research design refers to the overall strategy that defines a research project, outlining how data will be collected, measured, and analyzed.
- It serves as a blueprint for the research and determines the validity and reliability of the study.
Importance of Research Title
- A research title is crucial because it succinctly conveys the main focus and scope of the study, attracting the attention of readers.
- A well-crafted title can clarify the purpose, context, and significance of the research, influencing interest and comprehension.
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