Podcast
Questions and Answers
What is the primary goal of an entrepreneur?
What is the primary goal of an entrepreneur?
- To contribute to economic growth
- To develop innovative products or services
- To create a profitable business (correct)
- To generate employment opportunities
Which of the following is NOT a key characteristic of an entrepreneur?
Which of the following is NOT a key characteristic of an entrepreneur?
- Risk aversion (correct)
- Innovation
- Risk-taking
- Resource allocation
What is the initial investment made by an entrepreneur?
What is the initial investment made by an entrepreneur?
- Physical resources
- Human resources
- An idea or concept (correct)
- Financial capital
Which of the following best describes the role of an entrepreneur in an economy?
Which of the following best describes the role of an entrepreneur in an economy?
What is the primary source of an entrepreneur's rewards?
What is the primary source of an entrepreneur's rewards?
What is the primary factor that makes entrepreneurship a risky endeavor?
What is the primary factor that makes entrepreneurship a risky endeavor?
What is the primary role of an entrepreneur?
What is the primary role of an entrepreneur?
What do the terms 'customers' and 'consumers' refer to in the context of entrepreneurship?
What do the terms 'customers' and 'consumers' refer to in the context of entrepreneurship?
Which economist is considered the 'father of the Theory of Entrepreneurship'?
Which economist is considered the 'father of the Theory of Entrepreneurship'?
What does the term 'capital' refer to in the context of entrepreneurship?
What does the term 'capital' refer to in the context of entrepreneurship?
What is a key characteristic of an entrepreneur?
What is a key characteristic of an entrepreneur?
Which of the following economists is NOT mentioned in the text as having touched on the concept of entrepreneurship?
Which of the following economists is NOT mentioned in the text as having touched on the concept of entrepreneurship?
