Theories of Entrepreneurship: Economic Theory
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Questions and Answers

Which theory argues that entrepreneurs are driven by certain psychological traits?

  • Need for achievement theory
  • Innovation theory
  • Psychological theory (correct)
  • Economic theory
  • Which theory emphasizes the strong desire for high achievement as a motivation factor among successful entrepreneurs?

  • Innovation theory
  • Economic theory
  • Need for achievement theory (correct)
  • Psychological theory
  • Which entrepreneur is mentioned as an example of fulfilling the need for achievement theory?

  • Mark Zuckerberg (correct)
  • Elon Musk
  • Thomas Edison
  • Oprah Winfrey
  • Which theory suggests that entrepreneurs are able to create new businesses because they are able to innovate?

    <p>Innovation theory</p> Signup and view all the answers

    Which entrepreneur is mentioned as an example of innovating with electric cars, reusable rockets, and tunnel boring technology?

    <p>Elon Musk</p> Signup and view all the answers

    According to the economic theory of entrepreneurship, what motivates entrepreneurs?

    <p>Opportunity to make a profit</p> Signup and view all the answers

    What aspect of the sociological theory influences entrepreneurs, according to the text?

    <p>Access to resources like capital, education, and networks</p> Signup and view all the answers

    What does the economic theory suggest about the role of entrepreneurs in the economy?

    <p>They are responsible for setting off changes in the economy</p> Signup and view all the answers

    What quality does an entrepreneur need, according to the sociological theory?

    <p>Optimistic outlook</p> Signup and view all the answers

    What is the sociological theory's view on seizing new problems, according to the text?

    <p>It is seen as opportunities for testing one’s own capabilities</p> Signup and view all the answers

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