Tag: entrepreneurship – concept, meaning and definition

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Questions Related to entrepreneurship – concept, meaning and definition

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Which of the following can be treated as trait of entrepreneur?

  1. He is a moderate risk taker

  2. He is innovative

  3. He peruses the deviant pursuits

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

To be an Entrepreneur is a challenge in itself. It needs to have some important characteristics to be a successful entrepreneur. The traits are:-

1. Risk Taker
2. Innovator.
3. Motivator.
4. Capital provider
5. profit maker
6.Challenge Taker.
These are the common characteristic  a person needs to have to be an entrepreneur.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

"What a man can be, he must be. This need we call self actualization." This said by

  1. Maslow

  2. Hilaire Belloc

  3. Schumpeter

  4. Peter Drucker
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Abraham Maslow said "What a man can be, he must be.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Which category of Rajat Gupta falls in?

  1. Inventor

  2. Intrapreneur

  3. Entrepreneur

  4. Manager
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Rajat Gupta is often cited in business studies as an example of an intrapreneur, as he operated within large corporate structures to drive innovation and change.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Which of the following is not a type of entrepreneur?

  1. Sustainer

  2. Explorer

  3. Improver

  4. Fireball
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Sustainer, Improver, and Fireball are recognized types of entrepreneurs in various business textbooks. 'Explorer' is not a standard classification in this specific context.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

What did Leibenstein thought about entrepreneur indicate?

  1. He is a innovator

  2. He is a gap-filler

  3. He is a person of no ordinary skill

  4. He improved the production.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Harvey Leibenstein's theory of entrepreneurship focuses on the entrepreneur as a 'gap-filler' who identifies and fills gaps in the market to achieve efficiency.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

In your text various classification of entrepreneur are given except ________.

  1. improver entrepreneur

  2. advisor entrepreneur

  3. classic entrepreneur

  4. ingglus entrepreneur
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Common entrepreneur classifications include Improver, Classic and various other types. Advisor entrepreneur is not a standard category in typical entrepreneur typologies.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Active scanning involves the ____ of continuous resources and, from time to time, supplementing them with existing resources as needed.

  1. conscious selection

  2. subconscious selection

  3. analysis of threats to the business

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In active scanning the information resources scanned are specifically selected for their known or expected richness in the desired information. A dimension of scanning concerns the time element of the information source being scanned. Active scanning involves the conscious selection of continuous resources and from time to time supplementing them with existing resources as needed.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

The resistance of employees in an organization against flexibility, growth, and diversification can be overcome by developing _________.

  1. administrative domain

  2. managerial domain

  3. intrapreneurship

  4. entrepreneurship
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Intrapreneurship is like acting as an entrepreneur within the organization. Intrapreneurship is a step towards entrepreneurship. It focuses on self motivation and resolving a specific issues which ultimately helps in achieving the major goals. It focuses on minor goals and hence helps to achieve the entrepreneurship goals in long run.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

Superstar type of entrepreneur is lead by  __________.

  1. charisma

  2. charm

  3. high energy

  4. all of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Superstar type of entrepreneur is lead by high energy levels, charisma and charm. The business of the company revolves around the charisma and show of high level energy and charm.

Multiple choice business organisation and correspondence elements of success in business and qualities of a successful businessman meaning of entrepreneur entrepreneurship – concept, meaning and definition values and qualities of a businessman

" An entrepreneur could be a manager but a manager cannot be an entrepreneur".

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An entrepreneur could act as a manager. He posses leadership skills who manages the business he started. But a manager cannot be an entrepreneur because he does not assumes any risk.