WEEK 2 INTRO ENTREPRENEURSHIP

Someone who starts a business with the purpose of improving society or the environment is a:

• Serial Entrepreneur

• Social Entrepreneur

• For-Profit Entrepreneur

• None of the answers

A person who starts and operates several businesses is a:

• Serial Entrepreneur

• For-Profit Entrepreneur

• Social Entrepreneur

• All of the answers

He stressed the role of the entrepreneur as an innovator who implements change in an economy by introducing new goods or new methods of production.

• Israel Kirzner

• John Stuart Mill

• Joseph A. Schumpeter

The word “entrepreneur” originates from a thirteenth-century French verb, ______________________, meaning “to do something” or “to undertake.”

• enterprende

• entrependre

• entreprendre

He has the ability to convert economic resources and technology into a considerably profitable venture.

• Industrial Entrepreneur

• Corporate Entrepreneur

• Trading Entrepreneur

Which is NOT a common characteristic of an entrepreneur?

• risk-taker

• organized

• creative

• irresponsible

What is an entrepreneur?

• A person who works for someone else in order to learn skills.

• A person who is in charge of a specific location.

• A person who organizes and operates a business or businesses.

• None of these

Entrepreneurs look for business ideas and new and better ways to solve problems.

• True

• False

The key concept of entrepreneurship, the outcome of creativity resulted to a new and different way of doing things.

• creativity

• innovation

• discipline

• risk taker

My family owns a business. We've been in charge for 3 decades. What type of Entrepreneurship is this?

• Social Entrepreneurship

• Family Entrepreneurship

• Corporate Entrepreneurship

• Lifestyle Entrepreneurship