Entrepreneurship Roles and Responsibilities

The video tutorial introduces the concept of an entrepreneur, defining them as the owner of a business who organizes production, manages the business, and bears risks. It outlines the functions of an entrepreneur, including coordination, risk management, and innovation. The role of an entrepreneur is further detailed, highlighting responsibilities such as arranging capital, supervising, and taking initiative for business expansion.

Who is considered the owner of the factors of production?

• Manager

• Entrepreneur

• Investor

• Employee

What is one of the key responsibilities of an entrepreneur?

• Writing books

• Managing a business

• Teaching students

• Organizing social events

Which of the following is a function of an entrepreneur?

• Coordination and management

• Cooking meals

• Painting

• Gardening

What type of risks does an entrepreneur face?

• Traffic jams

• Loss and uncertainty

• Internet outages

• Weather changes

How does an entrepreneur contribute to innovation?

• By bringing new ideas to the business

• By copying competitors

• By increasing prices

• By reducing staff

What is one of the roles of an entrepreneur in terms of capital?

• Donating it to charity

• Hiding it from taxes

• Arranging it for production

• Spending it on luxury

In what way does an entrepreneur act as a supervisor?

• By ignoring employees

• By supervising managers and laborers

• By avoiding meetings

• By delegating all tasks

How does an entrepreneur promote economic development?

• By reducing innovation

• By increasing taxes

• By promoting new technological progress

• By closing businesses

What action does an entrepreneur take when finding an opportunity for expansion?

• Selling the business

• Taking necessary steps for expansion

• Reducing production

• Ignoring it

What is the final topic discussed in the video?

• The future of business

• The role of employees

• The conclusion of the chapter

• The history of entrepreneurship