1. ___is someone who undertakes certain projects
offers an opening to developing an understanding
of the nature of entrepreneurship.
A. Entrepreneurial
B. Entrepreneurship
C. Entrepreneurial process
D. Entrepreneur
Answer: D
2.___is what the entrepreneur does.
A. Entrepreneurship
B. Entrepreneurial process
C. Entrepreneur
D. Entrepreneurial
Answer: A
3. Which one is an adjective describing how the entrepreneur undertakes.
A. Entrepreneur
B. Entrepreneurial process
C. Entrepreneurial
D. Entrepreneurship
Answer: C
4. The means through which new
value is created as a result of the project
(the entrepreneurial venture) is____.
A. Entrepreneur
B. Entrepreneurial process
C. Entrepreneurial
D. Entrepreneurship
Answer: B
5. Offering a specific and unambiguous
definition of the term entrepreneurship
(entrepreneur) presents a challenge.
A. True
B. False
Answer: A
6. During the ancient period the word entrepreneur
was used to refer to:__.
A. A person has signed a contractual agreement with
the government.
B. A person who is an risk taker.
C. A person managing large commercial projects
through the resources provided.
D. The person who operates a enterprise for personal
gain.
Answer: C
7. When the first theory of entrepreneur
has been developed by Richard
Cantillon?
A. In the 20th Century
B. In the 19th Century
C. In the 17th Century
D. In the 18th Century
Answer: D
8. When the first theory of entrepreneur
has been developed by Richard
Cantillon?
A. In the 20th Century
B. In the 19th Century
C. In the 17th Century
D. In the 18th Century
Answer: D
9. The critical elements of process of
entrepreneurship include.
A. The ability to perceive an opportunity.
B. The ability to commercialize the perceived
opportunity.
C. The ability to pursue it on a sustainable basis.
D. The ability to pursue it through systematic means.
E. The acceptance of risk or failure.
F. All of the Above
Answer: F
10. An entrepreneur is any person who
creates and develops a business idea
and takes the risk of setting up an
enterprise to produce a product or
service which satisfies customer needs.
A. True
B. False
Answer: A
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