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Unit 1 Introduction

Authored by SWATI RAWAT

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Unit 1 Introduction
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these statements best describes the context for entrepreneurship?

Relying on luck and chance for success
Avoiding risks and sticking to a stable job

Creating value through innovation and business ventures

Following the traditional career path and working for established companies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Manufacturing

Retailing

Whole-selling

Service

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

..................................... is one who prefers to follows the traditional methods of production and approach to the market.

Imitative Entrepreneur

Innovative Entrepreneur

Fabian Entrepreneur

Drone Entrepreneur

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which is NOT a common characteristic of an entrepreneur?

risk-taker
creative
organized
irresponsible

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Person who works within an organization and having entrepreneurial capabilities is:

A superpreneur
An intrapreneur
An extrapreneur
A subpreneur

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Schumpeter, ____ is the most important function of a modern entrepreneur.

Risk aversion
Imitation
Stagnation
Innovation

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

According to ____ the inner urge motivates a person to do something new and directs him towards fulfilment of his needs.

B. C Tandon

David Ricardo

David McClelland

K. L. Sharma

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