Entrepreneurship QUIZ 1

What does the term 'entrepreneur' originally derive from?

• Latin word 'Entreprendere'

• Italian word 'Imprendere'

• French word 'Entrependre'

• Spanish word 'Emprender'

According to Richard Cantillon, what is a key characteristic of an entrepreneur?

• They are risk bearers

• They are risk-averse

• They are only organizers

• They are primarily innovators

Which of the following is NOT one of the three broad classifications of entrepreneurs?

• Risk bearer

• Organizer

• Innovator

• Investor

Who defined an entrepreneur as a person who always searches for change?

• Max Weber

• Peter F. Drucker

• Joseph A. Schumpeter

• Richard Cantillon

What is one of the core competencies of an entrepreneur?

• Information gathering

• Focusing solely on profits

• Delegating all tasks

• Avoiding risks

Which characteristic is essential for an entrepreneur to inspire and lead others?

• Technical knowledge

• Legal expertise

• Self-confidence

• Financial acumen

What does the term 'innovation' refer to in the context of entrepreneurship?

• Following existing business models

• Implementing new ideas and methods

• Creating new products only

• Reducing costs in production

Which of the following is a function of an entrepreneur?

• Market research exclusively

• Employee management only

• Financial auditing

• Idea generation

What is the role of a leader in an entrepreneurial context?

• To focus solely on profits

• To influence and support others

• To avoid risks

• To maintain the status quo

According to the text, what is a key trait of successful entrepreneurs?

• Pessimism

• Optimism

• Indifference

• Complacency