Entrep 1st Quarter.

Question 1

Has the innate ability and extraordinary dedicaton

Answer 1

Entrepreneur

Question 2

Defines as someone who does not give up easily

Answer 2

Extraordinary dedication

Question 3

Five levels of entrepreneurship
S TM TL TI TE

Answer 3

Self-empolyed
The Manager
The leader
The investor
True entrepreneur

Question 4

Is a business or enterprise that correctly adopts and practices the principles of entreprenurship

Answer 4

Small busniess

Question 5

This is managed and operated by an ownerwho is not an advocate of and does not practice the concepts and principles of entreprenership.

Answer 5

Ordinary small business

Question 6

There is a constant change which denotes movement and innovation

Answer 6

Entrepreneurship is an art of correct practices

Question 7

Entrepreneurship is not static nor stagnant. It continuously grows, develops, improves and expands.

Answer 7

Entrepreeurship is an art of correct practices

Question 8

Entrepreneurship is operating within the concept of wealth creation rather than profit generation.
The concept of profit is more applicable in the area of accounting as a way of measuring the operating performance of a business.

Answer 8

ENTREPRENEURSHIP IS A WEALTH-CREATING VENTURE