Entrepreneurship

His theory does not consider risk taking and organizational skills.

• Kuratko and Hodgetts

• Richard Cantillon

• Joseph Schumpeter

• Peter Drucker

'Economic agents were classified as landowners, hirelings or workers and entrepreneurs.'Who said this?

• Jean Baptiste Say

• Frank Knight

• Alfred Marshall

• Richard Cantillon

Which of the following best describes an entrepreneur?

• Has strong desire to achieve and is innovative

• Recognizes opportunities but sacrifices them

• Has the urge to keep a product in the existing market

• Has a strong desire for money but does not go after it

Which of the following is NOT a myth associated with entrepreneurs?

• Entrepreneurs are bold

• All entrepreneurs are rich

• Entrepreneurs generate ideas

• Entrepreneurs are born, not made

Who said this ? Creative destruction is the process whereby products, processes, ideas and businesses are replaced with better ones.

• Peter Drucker

• Jean Baptiste Say

• Richard Cantillon

• Joseph Schumpeter

Which of the following is central to the concept of entrepreneurship?

• Financing

• Stabilization

• Manufacturing

• Innovation

Entrepreneurship involves the management of

• processes, people and growth

• global economies, people and growth

• global economies, processes and growth

• people, processes and regional economies

Which of the following is a driving force behind contemporary entrepreneurship?

• Globalization

• Demographic stability

• Stagnation in innovation

• Decreasing consumption

Which of the following does NOT encourage entrepreneurship?

• Information revolution

• Changing demographics

• Technological advances

• Government bureaucracy

Which of the following is a KEY characteristics for a successful entrepreneur?

• Ability to work hard

• Technical skills

• Access to personal money

• Eye for an opportunity