Which theorist defined the entrepreneur as an agent who purchases and combines the factors of production into a production process?

Entrep- Evolution Of Entrepreneurship

Quiz
•
Business
•
1st - 12th Grade
•
Medium
Rhesa Samuel
Used 20+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Frank Knight
Richard Cantillon
Jean Baptiste Say
Joseph Schumpeter
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors is NOT a key element of entrepreneurship?
Innovation
Creativity
Opportunity
Number of employees
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