Reviewer

Question 1

Act of actively looking for opportunities in entrepreneurship

Answer 1

Opportunity seeking 

Question 2

Entrepreneurship is more than mere creation of a business

Answer 2

entrepreneur : a mindset

Question 3

Developer who recognizes and seize opportunities and convert those opportunities into workable or marketable ideas

Answer 3

Innovator

Question 4

Manage their businesses by expecting stable sales , profits, and growth

Answer 4

Small business owner

Question 5

Focus their efforts on innovation, profitability, and sustainable growth

Answer 5

Entrepreneur

Question 6

Interacting with employees, develop and implement

Answer 6

Manager

Question 7

System and standard

Answer 7

Technician

Question 8

Entreprende

Answer 8

To undertake

Question 9

True or false?

Americas economy is driven by entrepreneurship

Answer 9

True

Question 10

Percentage of natural entrep

Answer 10

1%

Question 11

Percentage of self made entrep

Answer 11

2-3%

Question 12

Percentage of aspirational entrep

Answer 12

4-6%

Question 13

Percentage of survival entrep

Answer 13

30-40%

Question 14

Think different

Answer 14

Steve jobs

Question 15

Greatest invention

Answer 15

Social media

Question 16

Glass thin as human hair

Answer 16

Fiber optic cables

Question 17

Why entrepreneurship is considered as a lonely journey?

Answer 17

1.) when i started my business nobody supported me, believed in me and cared about me.

2.) •While most were partying over the weekends: I was working.

3.) •While my friends were on vacation: I was training my employees.

Question 18

What do all entrepreneurs learn in their first start up?

Answer 18

1.) success are few and rare, failures at every corner
2.) goals are meaningless without timeline.
3.) stepping out of your comfort zone
4.) costumer isn’t always right, but even when they are wrong, you need to listen.

Question 19

Factors that causes failures

Answer 19

1. Not having enough money ( ex. Lack of capital)
2. Lack of vision
3. Afraid of risking
4. Poor marketing

Question 20

Face difficulties without fear

Answer 20

Courage

Question 21

No business failed having too much cash

Answer 21

Cash

Question 22

Early detection of danger

Answer 22

Vigilance

Question 23

Sell it to big companies like amazon, fb and google

Answer 23

Competition

Question 24

Sacrifice having vacation

Answer 24

Sacrifice

Question 25

You have to hit this target this month

Answer 25

Investors

Question 26

Ask your self if you’re willing to sacrifice everything and expect nothing in return

Answer 26

Reflection

Question 27

Who said this?

Bearing risk - that is, making decisions under competitions under
uncertainty.

Answer 27

Richard cantillon

Question 28

He is well known for Say’s law of Markets

Answer 28

Jean baptiste say

Question 29

• Entrepreneurship can be defined as the making of a new combination of already existing materials and the making of innovations.

Answer 29

Joseph schumpeter

Question 30

Risk. Uncertainty and Profit”,

Answer 30

Frank knight

Question 31

The necessity of entreprencurship for production was first formally

Answer 31

ALFRED MARSHALL’S THEORY OF ENTREPRENEURSHIP

Question 32

Judgment decision-making is the defining characteristic of the entrepreneur.

Answer 32

Mark casson

Question 33

Entrepreneurship as alertness or discovery

Answer 33

ISRAEL KIRZNER