ENTREPRENEURSHIP EXAM: 2026/ 2027
ENTREPRENEURSHIP EXAM
Questions and Verified Answers |
, ENTREPRENEURSHIP EXAM: 2026/ 2027
It is a philosophy or process through which an entrepreneur seeks innovation and employment.
– can be defined as a field of business that seeks to understand how opportunities to create something
new-Answer:entrepreneurship
is the process of creating something different with value by devoting the necessary time and effort,
assuming the accompanying financial, psychic, social risks and receiving the resulting rewards of
monetary and personal satisfaction and independence.-Answer:entrepreneurship
Person who undertakes an enterprise with chances of profit or loss.
– An individual who bears the risk of operating business in the face of uncertainty about the future
conditions-Answer:entrepreneur
It is where Entrepreneurial activity is going on like Company, Industry, Firm, organization, office, agency,
franchise, Shops, and etc.
– It is a business organization that is formed, and which provides goods and services, creates jobs,
contributes to national income, imports and above all, sustainable economic development.-
Answer:enterprise
traits of a businessman-Answer:who sets up an existing idea
creates place in existing markets
market player
calculative
less risk
conventional
profit orientation
very high competition
variations of an entrepreneur-Answer:who starts with new idea
creates new market
market leader
intuitive
Questions and Verified Answers |
ENTREPRENEURSHIP EXAM
Questions and Verified Answers |
, ENTREPRENEURSHIP EXAM: 2026/ 2027
It is a philosophy or process through which an entrepreneur seeks innovation and employment.
– can be defined as a field of business that seeks to understand how opportunities to create something
new-Answer:entrepreneurship
is the process of creating something different with value by devoting the necessary time and effort,
assuming the accompanying financial, psychic, social risks and receiving the resulting rewards of
monetary and personal satisfaction and independence.-Answer:entrepreneurship
Person who undertakes an enterprise with chances of profit or loss.
– An individual who bears the risk of operating business in the face of uncertainty about the future
conditions-Answer:entrepreneur
It is where Entrepreneurial activity is going on like Company, Industry, Firm, organization, office, agency,
franchise, Shops, and etc.
– It is a business organization that is formed, and which provides goods and services, creates jobs,
contributes to national income, imports and above all, sustainable economic development.-
Answer:enterprise
traits of a businessman-Answer:who sets up an existing idea
creates place in existing markets
market player
calculative
less risk
conventional
profit orientation
very high competition
variations of an entrepreneur-Answer:who starts with new idea
creates new market
market leader
intuitive
Questions and Verified Answers |
