TLE 2 Quiz

He said, "Entrepreneurship entails bearing the risk of buying at a certain price and selling at uncertain prices." He is?

• A.H.Cole

• Robert C. Ronstadt

• Ricardo Cantillon

• Robert D. Hisrich

What do you call in doing something new or something different is a necessary condition to be called a person as an entrepreneur?

• Risk-Bearing

• Innovation

• Entrepreneurship

• Selling

This is a type of entrepreneurship that is driven by a single person. This form of entrepreneurship centers on personal innovation, risk-taking, and responsibility.

• Individual entrepreneurship

• Public entrepreneurship

• Private Entrepreneurship

• Mass Entrepreneurship

This is a type of entrepreneurship that is practiced by large numbers of people, creating many small businesses that contribute to economic growth.

• Individual entrepreneurship

• Public entrepreneurship

• Private Entrepreneurship

• Mass Entrepreneurship

This is a quality of a successful entrepreneur where it talks about the sense of sovereignty that makes a person able to run the self and takes a decision independently

• confidence

• individuality

• independence

• optimism

Another quality of being firmly committed to doing something. Entrepreneurs never drop the target for any reason.

• determination

• initiative

• perseverance

• persistent

This person has direct involvement more than delegation.

• Manager

• Entrepreneur

• Intrapreneur

• Leader

This person tries to avoid mistakes and surprises.

• Manager

• Entrepreneur

• Intrapreneur

• Leader

This person is free and the leader of the operation.

• Manager

• Entrepreneur

• Intrapreneur

• Leader

This refers to all business activities, which are connected with raising, producing, and processing of goods and services.

• industry

• commerce

• trade

• aid to trade