entrep lesson1

Question 1

The process of
setting up a business

Answer 1

entrepreneurship

Question 2

etymology of entrepeneur

Answer 2

derived from the
French verb enterprendre, which means “to undertake

Question 3

relevance of entrepreneurship to organization

Answer 3

1. Development of Managerial capabilities
2. Creation of Organizations
3. Improving standard of living
4. Means of economic development

Question 4

types of entrepreneurs

Answer 4

1. innovative
2. imitating
3. drone
4. fabian
5. social

Question 5

common competencies in entrepreneurship

Answer 5

1. decisive
2. communicator
3. leader
4. opportunity seeker
5. proactive
6. risk taker
7. innovative

Question 6

the kind of entrepreneur that who always make new things by thinking of new ideas

Answer 6

innovative entrepreneur

Question 7

entrepreneurs who don’t create new things but only follow the ideas of other entrepreneurs

Answer 7

imitating entrepreneur

Question 8

entrepreneurs who are reluctant to change
since they are very conservative and do not want to make any changes in the organization

Answer 8

drone entrepreneur

Question 9

entrepreneurs who are skeptical about the changes to be made in the organization. They
do not initiate any inventions but follow only after they are satisfied with its success rate.

Answer 9

fabian entrepreneur

Question 10

entrepreneurs who are those who initiate changes and drive
social innovation and transformation in the
various fields

Answer 10

social entrepreneur

Question 11

CORE competencies in entrepreneurship

Answer 11

1. economic and dynamic activity
2. innovative
3. profit potential
4. risk bearing

Question 12

career opportunities in entrepreneurship

Answer 12

business consultant
teacher
researcher
salesman
business reporter

Question 13

types/kinds of entrepreneur2

Answer 13

1.entrepreneur
2. intrapreneur
3. edupreneur
4. private entrepreneur
5. lifestyle entrepreneur