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 (B)</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 (A)</p> Signup and view all the answers

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

<p>Opportunity to make a profit (D)</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 (D)</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 (A)</p> Signup and view all the answers

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

<p>Optimistic outlook (D)</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 (B)</p> Signup and view all the answers

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