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WorksheetsEntrep- Evolution Of Entrepreneurship
Total questions: 12
Worksheet time: 8mins
Which theorist defined the entrepreneur as an agent who purchases and combines the factors of production into a production process?
Frank Knight
Richard Cantillon
Jean Baptiste Say
Joseph Schumpeter
The entrepreneur always searches for change, responds to it and exploits it as an opportunity .
The above statement can be attributed to which of the following theorists.
Peter Drucker
Jean Baptiste Say
Richard Cantillon
Max Weber
Entrepreneurship is BEST described as
starting a business
Developing an idea
A process of exploiting an opportunity to provide goods and services
Being involved in a business activity
Which of the following statements BEST reflects the nature of entrepreneurship
Entrepreneurship and management are the same.
Entrepreneurship involves the willingness to undertake a risk
Entrepreneurship takes place within a large organization
Entrepreneurship involves creativity alone
Which of the following statements can be attributed to the work of theorist Joseph Schumpeter?
i. The ability to transform spontaneous learning is a key characteristic of the entrepreneur.
ii. Innovation is seen as creative destruction
iii. Entrepreneurs are engaged in value creation
iv. entrepreneurship involves product creation, product development and new market entry
i, ii, iii and iv
ii and iii
ii and iv
i and iv
The capacity and willingness to create, establish, organize and manage a business venture and to assume the risk involved is appropriately termed
Entrepreneur
Entrepreneurship
entrepreneurial spirit
Business acumen
Which of the following factors is NOT a key element of entrepreneurship?
Innovation
Creativity
Opportunity
Number of employees
Which of the following BEST describes
an entrepreneur?
Has a strong desire to achieve and is innovative
Recognizes opportunities but sacrifices them
Has the urge to keep a product in the existing market
Has a strong desire for money
“Creative destruction is the process whereby products, processes, ideas and
businesses are replaced with better ones.”
Which of the following theorists made
this proposition?
Peter Drucker
Jean Baptiste Say
Richard Cantillon
Joseph Schumpeter
Which of the following is central to the
concept of entrepreneurship?
Financing
Stabilization
Manufacturing
Innovation
Entrepreneurship involves the
management of
processes, people and growth
global economies, people and growth
global economies, processes and growth
people, processes and regional economies
Who is the father of entrepreneurship?
Peter Kilby
David McClelland
Richard Cantillon
Joseph Schumpeter
