The Entrepreneurial Mind Final Term Quiz 1

A person who undertakes the risk of starting a new business venture.

• Entrepreneurship

• Entrepreneur

It is high-risk, but also can be high-reward as it serves to generate economic wealth, growth, and innovation.

• Entrepreneurship

• Entrepreneur

Creates a firm, which aggregates capital and labor in order to produce goods or services for profit.

• Entrepreneurship

• Entrepreneur

It is an important driver of economic growth and innovation.

• Entrepreneurship

• Entrepreneur

Creates a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business.

• Entrepreneurship

• Entrepreneur

Who presented the comparison of leadership and management to assist with the understanding of these two separate function?

This theory states that people are motivated by the principal needs.

Who identified four stages within the power orientation?

Who stated about management and leadership in his " Seven Habits of Highly Effective People"?

Psychological Theory of Dr. McClelland and ______________.