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What is the best definition of entrepreneurship?

• The process of managing large operations only

• The process of building a business based on family heritage

• The process of identifying opportunities and managing risks to create value

• The process of selling products at night markets

Which of economist is well-known for the Innovation Theory of entrepreneurship?

• Adam Smith

• Karl Marx

• David McClelland

• Joseph Schumpeter

Which of theory emphasizes internal traits such as 'need for achievement'?

• Innovation Theory

• Economic Theory

• Psychological Theory

• Sociological Theory

Which of the following is not a characteristic of modern entrepreneurs compared to traditional ones?

• Flexible and quick to adapt

• Fully dependent on e-commerce

• Utilizes digital strategy and technology

• Focused on social value and community imapct

Entrepreneurship is solely on generating profit.

• True

• False

Social entrepreneurship only focuses on community impact without considering profit.

• True

• False

The evolution of entrepreneurship is influenced by changes in technology and global economy.

• True

• False

Green entrepreneurship focused on sustainability and environment

• True

• False

Information era - focus on mass production and global market

• True

• False

One of characteristic entrepreneurship in IR4.0 era is using big data analytics

• True

• False