Entrepreneurship Quiz

What does the term 'Entrepreneur' originate from?

• German

• Spanish

• French

• Latin

According to J.B. Say, what is an entrepreneur defined as?

• One who brings together factors of production

• One who imitates others

• One who takes risks

• One who manages a corporation

Which type of entrepreneur works on copied ideas?

• Imitators

• Hustlers

• Innovators

• Researchers

What is a disadvantage of being a researcher entrepreneur?

• Initial run successful

• High Prices

• Slow Process

• Market is identified

What type of entrepreneur is focused on agricultural inputs and outputs?

• Trading entrepreneur

• Agricultural entrepreneur

• Industrial entrepreneur

• Corporate entrepreneur

Who is an example of a technical entrepreneur (from discussion in class)?

• Mukesh Ambani

• Byju Ravindran

• Dhirubhai Ambani

• Falguni Nayar

What motivates a pure entrepreneur?

• Inborn traits

• Sense of achievement

• Government incentives

• Psychological and economic rewards

What is the effectuation process in entrepreneurship?

• Planning based on desired outcomes

• Imitating successful businesses

• Selecting from several possible outcomes

• Assessing resources first

What is corporate entrepreneurship also known as?

• Interpreneurship

• Intrapreneurship

• Small business management

• Corporate Life Cycle

What distinguishes entrepreneurially managed firms from traditionally managed firms?

• Focus on slow growth

• Encouragement of idea generation

• Resource assessment first

• Preference for stability