Entrepreneurial Development (Unit I)

Who used the word Entrepreneurship at first:

• A.Johnson

• B.Taylor

• C.Richard Cantillon

• D.Hanery Foyal

Entrepreneurship is......for all business.

• A.Necessary

• B.Unnecessary

• C.Voluntary

• D.Importance less

The word entrepreneurship has been derived from

• A.German

• B.French

• C.Latin

• D.Greek

The word entrepreneurship has been derived from a French root which means:

• A.to undertake

• B.Agree to

• C.Assume

• D.Take on

Entrepreneurship involves the combination of:

• A.Capital

• B.Technology

• C.Talent

• D.All of these

Entrepreneurship is a dynamic process which involves:

• A.Safety

• B.Protection

• C.Wellbeing

• D.Risks

Entrepreneurship refers to:

• A.Person

• B.Function

• C.Both person and functions

• D.Technology

Schumpeter's theory is called:

• A.Efficiency Theory

• B.Theory of Market Equilibrium

• C.Theory of Profit

• D.Theory of Innovation

The need hierarchy theory was propounded by

• A.Maslow

• B.McClelland

• C.Fallot

• D.Herzberg

Entrepreneur is..........in traditional society.

• A.Risk bearer

• B.Resource organiser

• C.Professional person

• D.All of the above