Introduction to Entrepreneurship

Question 1

To undertake in French

Answer 1

Enterprende

Question 2

Derived from the French word Entreprendre

Answer 2

Entrepreneur

Question 3

Refers to those who undertake the risk of enterprise

Answer 3

Entrepreneur

Question 4

Created by an entrepreneur

Answer 4

Enterprise

Question 5

Process of creating an enterprise

Answer 5

Entrepreneurship

Question 6

Means that one of the benefits an entrepreneur gets is to develop his managerial skills

Answer 6

Development of Managerial Capabilities

Question 7

Means that because of entrepreneurship many organizations will exist

Answer 7

Creation of Organizations

Question 8

Means that entrepreneurship can lift up the economic status of an individual

Answer 8

Improving Standard of Living

Question 9

Means that not only the life of the entrepreneur is improved but also the society where the business is located

Answer 9

Means of Economic Development

Question 10

What are the two factors affecting Entrepreneurship?

Answer 10

Personality Factors and Environmental Factors

Question 11

Personality Factors (7)

Answer 11

Initiative
Proactive
Problem Solver
Perseverance
Persuasion
Planner
Risk Taker

Question 12

Includes political, climate, legal system, economic, and social conditions and market situations

Answer 12

Environmental Factors