MODULE 1 QUIZ 1

What is the origin of the word "entrepreneur"?

• English verb meaning "to undertake"

• French verb meaning "to undertake"

• Latin verb meaning "to create"

• German verb meaning "to innovate"

Who is credited with identifying the willingness to bear personal financial risk as the defining characteristic of an entrepreneur?

• Richard Cantillon

• Jean-Baptiste Say

• John Stuart Mill

• Joseph Schumpeter

Which theory emphasizes the role of entrepreneurs in creating value by moving resources into more productive areas?

• Classical theory

• Neoclassical theory

• Psychological theory

• Sociological theory

According to psychological theories of entrepreneurship, what drives entrepreneurial individuals?

• Need for achievement

• Societal values

• Cultural customs

• Access to resources

The sociological theory of entrepreneurship focuses on:

• Economic factors

• Psychological elements

• Social context

• Resource exploitation

Anthropological theory suggests that successful entrepreneurship requires an understanding of:

• Economic factors

• Psychological elements

• Social customs

• Cultural contexts

Which theory asserts that entrepreneurs exploit opportunities created by changes in technology and consumer preferences?

• Economic entrepreneurship theory

• Psychological entrepreneurship theory

• Opportunity-based entrepreneurship theory

• Resource-based entrepreneurship theory

According to the resource-based entrepreneurship theory, what predicts opportunity-based entrepreneurship and new venture growth?

• Financial resources

• Psychological factors

• Societal values

• Access to resources

Which theory emphasizes the role of the entrepreneur as an innovator and a disruptive force in the economy?

• Classical theory

• Psychological theory

• Opportunity-based theory

• Resource-based theory

What does the resource-based entrepreneurship theory emphasize as important for entrepreneurial success?

• Access to financial resources

• Access to human capital

• Access to social networks

• Access to cultural customs