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The Power of Entrepreneurship
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The Power of Entrepreneurship

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Questions and Answers

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 ____.

  • Neglecting social responsibility
  • Catering to underserved areas (correct)
  • Encouraging monopolies
  • Exploiting resources

    • 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?

    <p>The hustler</p> Signup and view all the answers

    Which type of entrepreneur refers to individuals or small groups of partners who strike out on an original path to create a new business?

    <p>The hustler</p> Signup and view all the answers

    Which type of entrepreneur focuses on creating, managing, and scaling a business by taking calculated risks and being innovative?

    <p>The innovative entrepreneur</p> Signup and view all the answers

    Which type of entrepreneur starts up a hobby business on the side?

    <p>The hustler</p> Signup and view all the answers

    Which type of entrepreneur aims to make a profit while bearing all the risks of the business?

    <p>The small business entrepreneur</p> Signup and view all the answers

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