TLE 10 LONG Quiz

He proposed that Entrepreneurs are someone who enters a business – any business – in time to form or change substantially that business nerves.

• Jeffry Timmons

• Albert Shapero

• Lloyd Shefsky

• Karl Vesper

Which of the following should be the behaviors of Entrepreneurs according to Albert Shapero?

• The organizing and recognizing of social/ economic mechanisms to turn resources and situations to practical account

• The acceptance of risks and failure

• Emotional Stability

• Initiative taking

TRUE or FALSE: Dr. N.A. Orcullo, Jr says "An entrepreneur is someone who perceives an opportunity and creates an organization to pursue it.

• True

• False

Lloyd Shefsky explain that Entrepreneur came from 3 words, entre, pre and neur. Neur means___________?

TRUE or FALSE: Entrepreneurship originated in Europe sometime in the Old Stone Ages

• TRUE

• FALSE

Who is the author of the famous book "Entrepreneurs are Made Not Born"?

• Karl Vesper

• Jeffry Timmons

• Joseph Schumpeter

• Lloyd Shefsky

He describes an Entrepreneur in a broader perspective by postulating that Entrepreneurship is now a concern of various professionals.

• Karl Vesper

• Robert Nelson

• Joseph Schumpeter

• Albert Shapero

Albert Shapero pointed out that Entrepreneurship is a dynamic process of innovation and new-venture creation through five major dimensions:

• Individuals , Company, Environment , Process , Institutions

• Individuals , Organization , Entrepreneurs, Process , Institutions

• Individuals , Organization , Environment , Process , Institutions

• Business , Organization , Environment , Process , Institutions

The following are the Socio-economic benefits from Entrepreneurship except from

• •Mobilizes capital

• •Empower individuals

• •Enhance competitive consciousness

• •Improves the inequality of life

• •Enhances equitable distribution of income and wealth

According to Karl Vesper, psychologist could refer Entrepreneurs as

• as a threat, an aggressive competitor, whereas to another businessman maybe an ally, a source of supply, a customer, or someone good to invest in.

• a person as typically driven by certain forces: need to obtain or attain something, to experiment, to accomplish, or perhaps to escape from authority of others.

• •one who brings resources, labor, materials, and other assets into combinations that make their value greater than before, and also one to introduces changes, innovation, and a new order.