Entrepreneurship in Tourism and Hospitality

Entrepreneurship in Tourism and Hospitality

University

46 Qs

quiz-placeholder

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Entrepreneurship in Tourism and Hospitality

Entrepreneurship in Tourism and Hospitality

Assessment

Quiz

Professional Development

University

Medium

Created by

Mench Espina

Used 42+ times

FREE Resource

46 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An Irish economist of French descent.

a. Ricard Cantilion

b. Frank H. Knight

c. Joseph A. Schumpeter

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Friedrich A. Hayek and Israel M. Kirzner explained about this kind of activity.

a. risk taking

b. creative destruction

c. low-level activity

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The person who said that the entrepreneur is someone who carries out new combinations.

a. Joseph Schumpeter

b. Frank H. Knight

c. Hayek and Kirzner

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The US economist who distinguished between risk and uncertainty.

a. Joseph A. Schumpeter

b. Frank H. Knight

c. Richard Cantillon

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

He observed that while the entrepreneur can "lay off" risks much like insurance companies do, he is left to bear the uncertainties himself.

a. Frank H. Knight

b. Richard Cantillon

c. Joseph Schumpeter

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

He was concerned with the "high level" kind of entrepreneurship

a. Friedrich A. Hayek and Israel M. Kirzner.

b. Joseph A. Schumpeter

c. Richard Cantillon

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

He maintained that no owner would ever delegate a key decision to a salaried subordinate, because he implicitly assumed that subordinate cannot be trusted.

a. Richard Cantillon

b. Joseph A. Schumpeter

c. Frank Knight

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