Quiz 1 "Entrepreneurial Mind Set"

"Entreprendre" is a _______ word.

• Greek

• Spanish

• French

Founder of "The Theory of Economic Development".

• Joseph Schumpeter

• Steve Jobs

• Peter Drucker

It is the process of carrying out the business plan.

• Discovery

• Development of concept

• Organizing

• Implementation

• Reaping the returns

It refers to the recognition of a business idea.

• Discovery

• Development of concept

• Organizing

• Implementation

• Reaping the returns

It gives more details on how the the general business idea can be realized.

• Discovery

• Development of concept

• Organizing

• Implementation

• Reaping the returns

It may result to the expansion of the business firm.

• Discovery

• Development of concept

• Organizing

• Implementation

• Reaping the returns

The process of identifying the resources needed for the conduct of business.

• Discovery

• Development of concept

• Organizing

• Implementation

• Reaping the returns

Individuals who are also willing to take huge risks using enormous amount of capital.

• Entrepreneurs

• Megaentrepreneurs

• Macroentrepreneurs

• Microentrepreneurs

He emphasized the importance of personal traits and external factors to achieved the goals of the enterprise.

• Peter Dunker

• Drucker

• Peter Drucker

• Dunker

What does entreprendre means?

• To undertake

• To oversee

• To take action