Entrepreneurship Development Quiz 2

What is the primary role of an entrepreneur?

• To only provide financial support

• To avoid risks

• To work as an employee

• To manage a business unit

According to J.B. Say, what does an entrepreneur do?

• He brings together factors of production

• He only sells products

• He only finances the business

• He manages the business without risk

Which of the following is NOT a characteristic of an entrepreneur?

• Risk-averse

• Catalyst of change

• Action-oriented

• Highly motivated

What type of entrepreneur undertakes trading activities?

• Business Entrepreneur

• Corporate Entrepreneur

• Trading Entrepreneur

• Industrial Entrepreneur

Which type of entrepreneur focuses on marketing rather than technical aspects?

• Agricultural Entrepreneur

• Professional Entrepreneur

• Non-Technical Entrepreneur

• Technical Entrepreneur

What motivates a Pure Entrepreneur?

• Personal satisfaction and profit

• Government incentives

• Desire for self-fulfillment

• Social welfare

Which type of entrepreneur is known for their innovative skills in a corporate setting?

• Business Entrepreneur

• Corporate Entrepreneur

• Agricultural Entrepreneur

• Trading Entrepreneur

What is a key function of an entrepreneur in management control?

• Managing finance

• Dealing with public bureaucracy

• Marketing products

• Purchasing inputs

Which of the following is a role of entrepreneurs in economic development?

• Creating monopolies

• Providing employment opportunities

• Reducing competition

• Limiting consumer demands

What is one of the factors affecting entrepreneurial growth?

• Abundant skilled labor

• Lack of market familiarity

• High availability of capital

• Strong government support