E&PD MCQ1

A French economist, ________ was the first man to be credited with giving the concept of entrepreneurship a central role in economics.

•    Adam Smith

•      J.B. Say

•      Richard Cantillon

• Carl Menger

According to Schumpeter, the main characteristic of an entrepreneur is to _______ .

•      Innovate something

•     Decision making

•      Dynamic leadership

•     Self confidence

Entrepreneurship within a company can be termed ____________ .

•      Pure Entrepreneurship

•   Franchisees

•      Co entrepreneurship

•   Intrapreneurship

     The first time, the definition of Women Entrepreneurs’ Enterprise was evolved in the year _____

•      1988

•      1986

•     1973

•      1998

     Which among the following is not the benefit of entrepreneurship?

• Financial security.

•       Own rules can be made.

•       Greater wealth can be created.

•      You can help your community.

      ___________ is the first step towards building and running successful business enterprise.

•       Establishing a vision

•      Identification of an opportunity

•       Gathering resources

•      Arranging finance

     ___________ bridge the gap between inventors and managers.

•       Pure entrepreneurs

•      Corporate entrepreneurs

•       Intrapreneurs

•       Trading Entrepreneurs

Ideapreneurship is a concept that promotes ___________.

•       Skills

•       Self-sustenance

•       Hard work

• Interpersonal relation

     ‘Lodging and catering service providers’ is ________ type of entrepreneurship.

•       Tourism entrepreneurship

•       Social entrepreneurship

•     Ideapreneurship

•       New generation entrepreneurship

     __________ differentiates between an entrepreneur and a businessman.

• Business assumptions

•      Seeking professional advice.

•      Assessing the strengths, weakness, opportunities and threats.

•     Idea Generation.