Module 1 Session 1 Flashcards
(51 cards)
In the ______, the word entrepredre means to undertake
13th Century
____ means to undertake
entrepredre
During _____, entrepreneur are the actors or person in charge of activity (large production)
Middle Ages
During 16th Century, _____ associated the word entrepreneur into academic use.
Richard Cantillon
During 16th Century, _____ described entrepreneur as adventurer/projector
Daniel Defoe
In the 16th Century, ____ is a distinguishing feature of entrepreneur
risk
In the 19th Century, ______ portrayed the entrepreneur as a capitalist
Jean Baptiste Say
In the 19th Century, ______ portrayed the entrepreneur as a manager
John Stuart Mill
In the 19th Century, ______ portrayed the entrepreneur as a coordinator
Alfred Marshall
20th Century
According to ____, there are two types of risk which are: _____, ______
Frank Knight, measurable and non-measurable
20th Century
According to _____, ______ is a vital component of who an entrepreneur is
Joseph Schumpeter, innovation
What does entrepredre means in French?
between taker, go between
During the _____, the entrepreneur is characterized by breaking no risks but simply carrying the task forward until resources were exhausted
middle ages
In ______, entrepreneur was first related to business and took to mean as a person engaged in business
16th Century
16th Century
He is responsible for the first academic usage of the word entrepreneur
Richard Cantillion
16th Century
He identified entrepreneur as an adventurer
Richard Cantillion
16th Century
He called entrepreneurs as projector and adventure
Daniel Defoe
During this term, the term entrepedre was highly related to risk taking
17th Century- 18th Century
During this term, the entrepreneur entered into a contractual relationship with the government for the performance of a service or the supply of goods
17th Century- 18th Century
19th Century
He described the entrepreneur as an arbitrageur
Jean Baptiste Say
19th Century
He portrays that the entrepreneur with his knowledge and judgment as someone who sought opportunities to earn profits by reallocating resources from areas of low productivity to areas of high productivity by describing an entrepreneur in terms of behavior
Jean Baptiste Say
19th Century
He describes the entrepreneur as someone who was more than the venture capitalist but also one who managed the venture
John Stuart Mill
19th Century
He linked Say’s and Mill’s ideas claiming that the entrepreneur was one who coordinated the four factors (land, labor, capital and organization) together
Alfred Marshall
Kind of risk that is characterized by objective probability that an event will happen
measurable
