Entrepreneurship Theories Quiz

According to Max Weber, what primarily influences entrepreneurship?

• Government policies

• Religion and values

• Technological advancements

• Natural resources

Weber’s “Protestant Ethic” emphasizes:

• Wealth redistribution

• Hard work and reinvestment as moral virtues

• State-controlled economies

• Leisure as a sign of success

Weber argued that entrepreneurship arises due to:

• Economic needs only

• Values, mindset, and ethical beliefs

• Random chance

• Genetic traits

Schumpeter’s theory defines entrepreneurs as:

• Passive business owners

• Innovators who bring change

• Government officials

• Labor union leaders

What term did Schumpeter use to describe the replacement of old methods with new ones?

• Social mobility

• Creative destruction

• Status withdrawal

• Behavioral conditioning

According to Schumpeter, entrepreneurs are rare because they possess:

• Wealthy backgrounds

• Special vision and courage to take risks

• Political connections

• Access to free resources

McClelland’s “nAch” refers to:

• Need for social approval

• Need for achievement

• Need for power

• Need for leisure

People high in nAch prefer:

• Extremely high risks

• Moderate risks

• No risks

• Risks taken by others

McClelland believed nAch could be developed through:

• Genetic inheritance

• Early life experiences and training

• Government mandates

• Religious rituals

LeVine linked entrepreneurship to:

• Social mobility and parenting styles

• Genetic intelligence

• Government subsidies

• Climate conditions