1: Introduction to Entrepreneurship

Question 1

Act of creating a business while building and scaling it to generate a profit

Answer 1

Entrepreneurship

Question 2

Important driver of economic growth and innovation

Answer 2

Entrepreneurship

Question 3

Act of taking their careers & dreams, and leading it in their own chosen direction

Answer 3

Entrepreneurship

Question 4

Building life on your own terms

Answer 4

Entrepreneurship

Question 5

Person who sets up business with the aim to make a profit and creates a new business bearing most of the risks and enjoying most of the rewards

Answer 5

Entrepreneur

Question 6

French word and meaning to which the word “Entrepreneur” came from

Answer 6

Entreprendre = to undertake

Question 7

An innovator, source of new ideas, goods, services, and business/procedures

Answer 7

Entrepreneur

Question 8

Plays a key role in economies, using the skills and initiative necessary to anticipate needs and bring good new ideas to the market

Answer 8

Entrepreneur

Question 9

2 Types of Entrepreneur

Answer 9

Mega Entrepreneur

Micro Entrepreneur

Question 10

Individuals willing to absorb huge risks of using enormous amounts of capital in their business ventures

Answer 10

Mega Entrepreneur

Question 11

Individuals who are engaged in micro or small businesses as an alternative to formal employment

Answer 11

Micro Entrepreneurs

Question 12

Generates new wealth in an economy

Answer 12

Entrepreneurship

Question 13

decreases poverty

Answer 13

Entrepreneurship

Question 14

Creates opportunities, ensures social justice, instills confidence, and stimulates the economy

Answer 14

Entrepreneurship

Question 15

Improves productivity

Answer 15

Entrepreneurship

Question 16

creates jobs

Answer 16

Entrepreneurs

Question 17

Create innovation and social change

Answer 17

Entrepreneurs

Question 18

Give to society

Answer 18

Entrepreneurs

Question 19

1-3 Relevance of Entrep. to SHS Students

Answer 19

1. Preparation for livelihood
2. Aids to think outside the box, and culture unconventional talents and skills
3. Develops initiative, creativity, self confidence, and social responsibility

Question 20

4-6 Relevance of Entrep. to SHS Students

Answer 20

4. Exposure to critical thinking and analysis
5. Smart decision-making
6. Exposure to real, and own experiences

Question 21

JOB OPPORTUNITIES FOR ENTREPRENEURSHIP

Answer 21

● Business Consultant
● Sales
● Research and development
● Teacher
● Business reporter
● New venture creation
● Career in existing entrepreneurial ventures