Review

It is derived from the French verb which means to undertake.

Entrepreneurship is one of the resources economists categorize as integral to production; the three resources are land/natural resources, labor and capital.

• True

• False

It is an act of creating a business or businesses while building and scaling it to generate a profit.

An _______________ is created by an entrepreneur

• Entrepreneurship

• Enterprise

She is the owner of National Bookstore and she still believes in the time-honored tradition of “hands-on approach” in business

The term ‘competence’ refers to the combination of knowledge, skills, motive, attitude and habits.

• False

• True

It is a entrepreneurial competencies that taking suitable actions in the face of a significant obstacle.

• Self-Confidence

• Persistence

• Initiative

• Monitoring

It is a entrepreneurial competencies that concern to the welfare of employees and their families.

• Concern for Others’ Welfare

• Self-Confidence

• Systematic Planning

• Monitoring