Chapter 1.1

Question 1

French word that means “to undertake”

Answer 1

Entreprende

Question 2

It is a reference to individuals who have initiated the establishment of a business enterprise.

Answer 2

Entrepreneur

Question 3

2 types of entrepreneurs

Answer 3

Megaentrepreneur & Microentrepreneur

Question 4

Entrepreneural Process

Answer 4

1. Dicovery
2. Development of concept
3. Organizing Resources
4. Implementation
5. Reaping the returns

Question 5

refers to the recognition of a business idea or the detection if opportunies that make money for the entrepreneur.

Answer 5

Discovery

Question 6

Gives more details on how the general business idea are realized.

Answer 6

Development of concept

Question 7

Describes the process of identifying, sourcing, and financing human, nonhuman, and other resources needed for the conduct of business

Answer 7

Organizing recourses

Question 8

The process of carrying out the business plan.

Answer 8

Implementation

Question 9

Pertains to the strategies related to the expansion of the business firm

Answer 9

Reaping the returns

Question 10

Entrepreneural traits and creation of value-added

Answer 10

1. Level of education
2. Entrepreneur’s wealth
3. Employment status
4. Risk appetite

Question 11

Entrepreneural traits and entrepreneural intentions (internal factors)

Answer 11

1. Demographics
2. Personal Traits
   3 Psychological Traits

Question 12

Entrepreneural traits and entrepreneural intentions (External factors)

Answer 12

1. Environmental support
2. Environmental Influence