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What is Entrepreneurship

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The origin of the word Entrepreneurship

a)

French

b)

Latin

c)

Greek

2.

The word "entrepreneur" literally translates to:

a)

enter before mind

b)

think out of the box

3.

Does corporate entrepreneurship exist?

a)

Yes

b)

No

c)

Maybe

4.

The business may or may not be formally registered, and typically has no premises, very few assets, no business banking relationship, and operates on a cash or barter basis.

a)

Survival ventures

b)

Lifestyle ventures

c)

Managed growth ventures

d)

Aggressive growth ventures

5.

The venture typically has premises, usually a single location, and employees, but does not seek meaningful expansion or growth.

a)

Survival ventures

b)

Lifestyle ventures

c)

Managed growth ventures

d)

Aggressive growth ventures

6.

Has a workable business model and seeks stable growth over time, as reflected in occasional new product launches, periodic entry into new markets, steady expansion of facilities, locations, and staff, and development of a strong local and regional brand.

a)

Survival ventures

b)

Lifestyle ventures

c)

Managed growth ventures

d)

Aggressive growth ventures

7.

Referred to as gazelles, these are typically technology-based ventures with strong innovation capabilities that seek exponential growth and are funded by equity capital.

a)

Survival ventures

b)

Lifestyle ventures

c)

Managed growth ventures

d)

Aggressive growth ventures

8.

The real drive of entrepreneurs.

a)

Passion

b)

Money

9.

He described entrepreneurship as “the ability to create and build a vision from practically nothing.”

a)

Professor Robert Nelson

b)

Author Albert Shapero

c)

Jeffry Timons

d)

Joseph Schumpeter

10.

The process of creating something different with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction.

a)

Entrepreneurship

b)

Innovation