Introduction to Entrepreneurship

Entrepreneur is defined as…

• he who is willing to work in an organization

• he who punches his competitor face in order to win

• he who accepts risks and opportunities of creating, operating and growing a business

• he who is very good in drawing products

An entrepreneur who is involved in technological changes in producing goods and services is called a

• Copreneur

• Intrapreneur

• Technopreneur

• Computerenuer

The process of creating something new that makes life better is called...

• Technology

• Brand recognition

• Innovation

• Opportunity cost

What is the difference between a startup and a small business?

• Startups intend to grow larger compared to a small business

• Startups is high quality business

• Small businesses have multiple locations, startups do not

• Small business fail after 5 years

What is a disadvantage of entrepreneurship?

• Personal satisfaction

• Lower taxes

• Uncertain income

• Flexible schedule

Successful entrepreneurs enjoy their work and often start their businesses so that they can share their interests and enthusiasm with others. In other words, successful entrepreneurs have _______________ what they do.

• concerns about

• ignore about

• relax for

• passion for

Which of the following is NOT considered a risk of being an entrepreneur?

• Long hours and hard work

• Potential Business Failure

• Providing value to others

• Financial Insecurity

People who work for someone else called...

• Employee

• Entrepreneurs

• Agropreneur

• Technopreneur

What type of entrepreneurial business actually produce the products they sell?

• Supplier

• Distributor

• Manufacturing

• Service

Below are the competencies of successful entrepreneurs EXCEPT

• Information-seeker

• High work quality

• Systematic planning

• Introvert