Entrepreneurship

How many salient features does entrepreneurship have?

• 6

• 5

• 4

• 3

The theory that Frank Hyneman Knight theorize about entrepreneurship.

• Innovation Theory

• Learning - alertness Theory

• Gap - Filling Theory

• Risk and Uncertain - bearing Theory

He theorized that social cultures have significant contributions to entrepreneurship.

• Joseph Schumpeter

• Max Weber

• Alfred Marshal

• John Maynard Keynes

He proposed that there are four factors of production.

• Alfred Marshal

• Joseph Schumpeter

• John Maynard Keynes

• Frank Hyneman Knight

This theory gives importance to the advancement of technology as an element of production.

• Kirzner's Technological Theory

• Leibenstein's Technoogical Theory

• Weber's Technological Theory

• Kaldor's Technological Theory

Wesley has come - up with an improvement for his packaging with his product. That is cost - efficient and environmentally friendly.

• Keynesian Theory & Leibenstein's Gap - Filling Theory

• Innovation Theory & Weber's Sociological Theory

• Kaldor's Technological Theory & Alfred Marshal Theory

• Risk and Uncertain - Bearing Theory & Kirzner's Learning - Alertness Theory

Draw a cookie.

The primary objective of any business endeavor is profit.

• Maybe

• True

• False

• I do not know.

Answer explanation

False.

It is the maximization

of the interest of the

entrepreneur. It is wealth

accumulation.

Increase in the level of wealth of the entrepreneur means improvement in his/her economic status.

• Maybe

• False

• I do not know.

• True

Entrepreneurs find ways to avoid business risk.

• I do not know.

• False

• Maybe

• True

Answer explanation

False.

Entrepreneurs face

business risks but finds ways

on how to reduce them.