Podcast
Questions and Answers
Which of the following is a benefit of entrepreneurship?
Which of the following is a benefit of entrepreneurship?
- Lowering the overall standard of living
- Reducing access to goods and services
- Increasing unemployment rates
- Promoting economic growth (correct)
Entrepreneurs can positively impact their communities by ____.
Entrepreneurs can positively impact their communities by ____.
- Neglecting social responsibility
- Catering to underserved areas (correct)
- Encouraging monopolies
- Exploiting resources
What is one way entrepreneurs can improve their well-being?
What is one way entrepreneurs can improve their well-being?
- Maximizing profits at any cost
- Developing environment-friendly products (correct)
- Engaging in unethical competition
- Ignoring ethical practices
Which type of entrepreneur is willing to work hard with little capital to grow a business they think has potential?
Which type of entrepreneur is willing to work hard with little capital to grow a business they think has potential?
Which type of entrepreneur refers to individuals or small groups of partners who strike out on an original path to create a new business?
Which type of entrepreneur refers to individuals or small groups of partners who strike out on an original path to create a new business?
Which type of entrepreneur focuses on creating, managing, and scaling a business by taking calculated risks and being innovative?
Which type of entrepreneur focuses on creating, managing, and scaling a business by taking calculated risks and being innovative?
Which type of entrepreneur starts up a hobby business on the side?
Which type of entrepreneur starts up a hobby business on the side?
Which type of entrepreneur aims to make a profit while bearing all the risks of the business?
Which type of entrepreneur aims to make a profit while bearing all the risks of the business?
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