Entrep

Question 1

this means that one of the
benefits an entrepreneur gets is to develop his managerial skills.

Answer 1

Development of Managerial capabilities-

Question 2

which means that because of entrepreneurships
many organizations will exist.

Answer 2

Creation of Organizations-

Question 3

this means that entrepreneurship can lift up
the economic status of an individual.

Answer 3

Improving standard of living-

Question 4

this means that not only the life of the
entrepreneur is improved but also the society where the business is located.

Answer 4

Means of economic development-

Question 5

Factors Affecting Entrepreneurship

Answer 5

personality factors and environmental factors

Question 6

which means doing things even before being told

Answer 6

Initiative-

Question 7

which means he can classify opportunities and seize it.

Answer 7

Proactive-

Question 8

which means he can retain good relations with other
people

Answer 8

Problem Solver-

Question 9

meaning he will pursue things to get done regardless of
challenges

Answer 9

Perseverance-

Question 10

means that he can entice people to buy even if they don’t.

Answer 10

Persuasion-

Question 11

meaning he makes plan before doing things and do not fail to
monitor it.

Answer 11

Planner

Question 12

which means that he is willing to gamble but he will calculate it
first.

Answer 12

Risk-taker

Question 13

The enterprise is created by an entrepreneur and the process is called

Answer 13

“Entrepreneurship”

Question 14

are innovators, willing to take risks and generate new ideas to
make it unique and profitable solutions to the present-day problems.

Answer 14

Entrepreneurs

Question 15

which include political, climate, legal system,
economic and social conditions and market situations.

Answer 15

Environmental Factors

Question 16

an entrepreneur must be firm in making decisions.

Answer 16

Decisive-

Question 17

an entrepreneur must have a convincing power.

Answer 17

Communicator-

Question 18

an entrepreneur an entrepreneur must have the charisma to be
obeyed by his employees

Answer 18

Leader-

Question 19

an entrepreneur must have the ability to be the first to
see business chances.
.

Answer 19

Opportunity seeker-

Question 20

controlling a situation by making things to happen or by preparing
for possible future problems.

Answer 20

Proactive-

Question 21

they have the courage to pursue what is their business ideas.

Answer 21

Risk Taker-

Question 22

the entrepreneurs have big business ideas and they do not stop
improving and thinking of new worthwhile ideas for their business

Answer 22

Innovative-

Question 23

Entrepreneurship is an economic activity
because it involves the creation and operation of an enterprise with a view to
creating value or wealth by ensuring optimum utilization of limited resources.

Answer 23

Economic and dynamic activity-

Question 24

Entrepreneurs constantly look for new ideas, thus he needs to be
creative.

Answer 24

Innovative-

Question 25

meaning the entrepreneur can be compensated by his profit coming from the operation.

Answer 25

Profit Potential-

Question 26

meaning the entrepreneur needs to gamble but wise enough to offset the risk

Answer 26

Risk bearing –

Question 27

they are those who always make new things by thinking of new ideas.

Answer 27

Innovative entrepreneur-

Question 28

they are those who don’t create new things but only follow the ideas of other entrepreneurs.

Answer 28

Imitating entrepreneurs-

Question 29

they are those skeptical. They don’t initiate but follow only after they are satisfied.

Answer 29

Fabian entrepreneurs-

Question 30

they are those who lives on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.

Answer 30

Drone entrepreneur-

Question 31

they are those who initiate changes in the various fields such as education, health, human rights, environment and enterprise development.

Answer 31

Social entrepreneurs-

Question 32

with the expertise of the entrepreneur he can be a very good source of advices to other entrepreneurs and would be business man.

Answer 32

Business Consultant-

Question 33

a graduate of an entrepreneurship can be use his knowledge in teaching

Answer 33

2. Teacher-

Question 34

the entrepreneur can be employed as researcher by an enterprise.

Answer 34

3. Researcher-

Question 35

the entrepreneurship graduate can apply as salesman

Answer 35

4. Sales-

Question 36

the entrepreneur being expert in the field, he can be employed as business reporter.

Answer 36

5. Business Reporter-