Module 1 entrep

Module 1 entrep

University

60 Qs

quiz-placeholder

Similar activities

FINAL WRITTEN EXAM

FINAL WRITTEN EXAM

University

61 Qs

Canadian Business Characteristics_Week 1

Canadian Business Characteristics_Week 1

University

58 Qs

Week 5: Summary PPT_Revision

Week 5: Summary PPT_Revision

University

57 Qs

1225 - Review 5 - Technology & you

1225 - Review 5 - Technology & you

University

60 Qs

xxxReady for IELTS 2nd ed. Unit 03 Reading

xxxReady for IELTS 2nd ed. Unit 03 Reading

12th Grade - Professional Development

60 Qs

7 An ideal business partner

7 An ideal business partner

University

55 Qs

VOCAB 226-300

VOCAB 226-300

University

55 Qs

M3 Entrep

M3 Entrep

University

62 Qs

Module 1 entrep

Module 1 entrep

Assessment

Quiz

English

University

Medium

Created by

Arabella Saberola

Used 2+ times

FREE Resource

60 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This French economist, defines the entrepreneur, as an agent who purchases the means of production to manufacture saleable products. He takes a calculated risk as at the time of starting this (earlier nonexistent product in the market), he is not sure of market receptivity and hence returns for these products.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

He associates entrepreneur with business promoter. He opined that this business promoter in reality transforms ideas into a profitable business. He also mentioned various qualities of an entrepreneur namely imagination, initiative, judgment and restraint.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

describes that entrepreneur as the person having ability to see a potential business opportunity, visualize building business around it by assembling the necessary resources and managing actions carefully and shrewdly to ensure success.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

describes entrepreneur as "someone who specializes in taking judgmental decisions about the co-ordination of scarce resources".

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

he writes that an entrepreneur is a person who is involved in bringing change in the prevalent procedures of production while retaining the full control over his venture. He changes his formula of doing business as per the need of the market and performs three key functions: gathering important and relevant information, analysis and evaluation of this information with respect to returns in future and strategizing and implementing all these plans. Thus decision making and choosing the best alternative among available choices are the key characteristics of an entrepreneur.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

According to -----the entrepreneur is responsible to combine the productive factors, by bringing them together. And this task of experimenting with new combination of productive factors is called "enterprise".

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

an entrepreneur as an organization builder with the unique skill set that helps him to utilize the innovative ideas of different people to achieve best of the financial outcomes.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?