Entrepreneurship 1

Which is an employee who promotes innovation within the limits of the organization?

• entrepreneur

• Intrapreneur

Who starts a business with a new idea?

• Entrepreneur

• Intrapreneur

• None of the above

Which statement best defines the concept of “ethics”?

• Ethics is the ability to tell the difference in right and wrong behavior.
• Ethics is trying to judge people by what they believe and do.
• Ethics is a society’s standards of conduct based on moral values and principles of its members.
• Characteristics that bring people praise and admiration.

Someone who invests in a new business is a __________.

• Venture Capitalist (shark)

• Bank

• Customer

• Accountant

A/An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.

• strategic alliance

• corporation

• small business

Entrepreneurs find ways to avoid business risk.

• true

• false

Who is known as the father of entrepreneurship?

• Richard Cantillon

• Jean Batiste Say

• Peter Drucker

• Max Weber

The first step in the entrepreneurial process is

• Opportunity Identification

• Development of the business concept

• Idea Generation

• Implementation of the concept

Which of the following is NOT a driver of contemporary entrepreneurship?

• Ease of entry into the informal sector

• Stable Demand

• ICT

• Globalization

Sources of opportunities include

• Current markets

• Social stability

• Demographic changes

• Existing technology