Entrepreneurship

A person is assured of becoming a successful entrepreneur once he/she possesses all the character traits common to successful entrepreneur.

All business opportunities are exploited by an opportunity-seeking entrepreneur.

A persistent entrepreneur immediately quits from the business venture after experiencing failure.

A risk-taking entrepreneur engages in all types of risky business enterprises.

A person who is efficient produces more products using more production input.

A quality-oriented entrepreneur produces goods that are of high quality based on his/her perception.

Planning simply refers to the review of past performances.

Goals are broad, while objectives are specific.

As an information-seeker, an entrepreneur uses unverified data in making economic decisions.

Planning and monitoring are two unrelated entrepreneurial activities.