Ch. 2 Introduction to Entrepreneurs_Revision

What does the term "entrepreneur" originally mean in French?

• To manage

• To innovate

• To take risks

• To produce goods

Which of the following is a key trait of successful entrepreneurs?

• Risk Avoider

• Risk Taker

• Passive Attitude

• Ignorance

What does an entrepreneur primarily provide compared to a manager?

• Investments

• Ideas and passion

• Strict supervision

• Daily operations

What is the main role of an intrapreneur?

• To invest in start-ups

• To manage existing businesses

• To innovate within an organization

• To fund external ventures

According to Peter Drucker, what is the most important tool for an entrepreneur?

• Marketing

• Risk Management

• Innovation

• Communication

What is the difference between an entrepreneur and an investor?

• An investor brings in ideas, while the entrepreneur provides money

• An entrepreneur takes risks, while an investor is cautious

• Both take similar risks in business

• Investors take more risks than entrepreneurs

Which of the following is not a trait of a successful entrepreneur?

• Persistence

• Assertiveness

• Indecisiveness

• Self-motivation

What is the key function of a "trading entrepreneur"?

• Producing goods

• Buying and selling goods

• Innovating technology

• Developing new services

Which type of entrepreneur focuses on technology or science-based businesses?

• Trading Entrepreneur

• Manufacturing Entrepreneur

• Technopreneur

• Classical Entrepreneur

What is the key trait of an "imitative entrepreneur"?

• Innovating new products

• Risk avoidance

• Following existing innovations

• Developing new markets