Questions on Entrepreneurship Essay Example

Entrepreneurs have the vision to recognize opportunities where others see chaos, contradiction, and confusion.

• True
• False

Entrepreneurs are always inventors.

• True

Entrepreneurs are extreme risk takers.

Minority-owned businesses could be said to represent the cultural displacement school of entrepreneurial thought.

• True

Gazelles are almost always high tech.

The word entrepreneur is derived from the French entrepreneur, which is translated . 

• To undertake
• To compete
• To apprehend
• To enter and dare

Which is not one of the chief characteristics of an entrepreneur? 

• Ability to consolidate resources
• Risk taking
• Personal initiative
• Desire for control of people

Which of the following statements about entrepreneurs is true? 

1. All you need is money to be an entrepreneur.
2. Ignorance is bliss for an entrepreneur.
3. Entreprene
   ...

   urs are doers and thinkers.

4. Inheriting a business is the best way to become an entrepreneur.

Which entrepreneurial school of thought emphasizes the planning process in successful venture development? .

• The strategic formulation school of thought
• The entrepreneurial trait school of thought
• Ten venture opportunity cocoons AT tongue
• The human relations school of thought

Entrepreneurs will always be

• Hindered by lack of funding
• A major source of Job creation and innovation in any economy
• A key factor in the stability of the small business sector

Terms: Displacement School of Thought-A school of entrepreneurial thought that focuses on group phenomena such as the political, cultural, and economic environments.

Dynamic States- A network of relationships and systems that convert opportunity tension into value for a ventures customers, generating new resources that maintain the dynamic state. Entrepreneur- An innovator or developer who recognizes and seizes opportunities; converts these opportunities into workable/marketable ideas; adds value through time, effort, money,