Question 1

Which of type of entrepreneur as per Kerl wasper?

Accepted Answer

Kerl Wasper identified various types of entrepreneurs, including sole-self employed entrepreneurs, workforce builders, product innovators, and pattern multipliers, indicating that all the options listed (A, B, C, D) are types of entrepreneurs as per his classification.

Question 2

Which is the type of entrepreneur?

Accepted Answer

All the options listed (Takeover artists, Pattern multipliers, Speculators, Capital aggregators) represent different types of entrepreneurs or entrepreneurial strategies. Entrepreneurs can come in various forms and employ different strategies to achieve their goals, including taking over existing businesses, multiplying successful patterns or models, speculating in markets, and aggregating capital for investments.

Question 3

The functions of entrepreneurship includes _________________________

Accepted Answer

Entrepreneurship involves various functions such as initiation and risk-taking, project planning, approval of the project, and establishing the enterprise. These activities are essential for starting and running a successful business, making "All of these" the correct answer.

Question 4

Which is not a function of entrepreneur?

Accepted Answer

All the options listed (A to D) are functions of an entrepreneur, making E (All of these) incorrect as it implies none of the functions listed are associated with entrepreneurs. Entrepreneurs contribute to social development, diversify production, innovate, and manage enterprises.

Question 5

What is the role of entrepreneur?

Accepted Answer

Entrepreneurs play a multifaceted role in the economy, including contributing to economic development through job creation and innovation, producing new products and services, helping in the removal of poverty by generating employment opportunities, and acting as dynamic agents who initiate change, drive economic growth, and adapt to and shape market conditions.

Question 6

The role of entrepreneurs include

Accepted Answer

Entrepreneurs play a crucial role in the economy by being pillars of industry, encouraging research and development, promoting innovations, and bringing about changes in the social framework. They drive economic growth, create jobs, and foster advancements in various fields.

Question 7

The factors of development of entrepreneurship includes

Accepted Answer

The development of entrepreneurship is influenced by a combination of factors including individual characteristics (such as personal motivation and skills), socio-cultural influences (such as societal norms and values towards entrepreneurship), environmental factors (such as economic conditions and market opportunities), and supporting factors (such as access to finance and mentorship). Therefore, all of these factors play a role in the development of entrepreneurship.

Question 8

Which is the factors of entrepreneurship development?

Accepted Answer

All the options listed (A through D) are factors that contribute to entrepreneurship development. Identifying potential entrepreneurs, providing training and motivation, developing entrepreneurial skills, and the economic and business environment are all crucial elements that support the growth and development of entrepreneurship.

Question 9

Which factor is responsible in development of entrepreneurship?

Accepted Answer

All the options listed (A through D) contribute to the development of entrepreneurship. Identifying potential entrepreneurs, providing training and motivation, fostering an entrepreneurial spirit, and having the aptitude for entrepreneurship are all crucial factors in the development of successful entrepreneurs.

Question 10

Development of entrepreneurial skill is based on ____________________________

Accepted Answer

Development of entrepreneurial skill is based on a combination of business, technical, and managerial skills. These skills collectively contribute to the successful establishment and operation of an enterprise.

Question 11

The factors of development of entrepreneurship is based on ___________________

Accepted Answer

The development of entrepreneurship is influenced by a combination of factors including the role of banks and financial institutions, the economic and business environment, the development of entrepreneurial knowledge, and an entrepreneurship-oriented education system. These elements collectively contribute to fostering an environment conducive to entrepreneurial growth and development.

Question 12

Which is theory of entrepreneurship?

Accepted Answer

All of these theories contribute to the understanding of entrepreneurship. The psychological theory focuses on the traits and motivations of the entrepreneur, the sociological theory examines the social context and networks that influence entrepreneurial activities, the economic theory looks at the role of entrepreneurship in economic development, and the integrated theory combines elements from various disciplines to provide a comprehensive understanding of entrepreneurship.

Question 13

Which is the concept of entrepreneurship as per "Thomas Begley" and David P Bogl?

Accepted Answer

Thomas Begley and David P. Bogl have identified several psychological traits that are important for entrepreneurship. These include need for achievement, locus of control, tolerance for risk, and tolerance for ambiguity. Therefore, all of these options are correct in the context of their research on entrepreneurship.

Question 14

The factors of impeding the growth of entrepreneurship includes _________________

Accepted Answer

All the options listed (Traditional society, Lack of entrepreneurship attitude, Lack of business infrastructure, Business monopolies) are factors that can impede the growth of entrepreneurship.

Question 15

Which is the factors impending the growth of entrepreneurs

Accepted Answer

All the options listed (A through D) are factors that can impede the growth of entrepreneurs. Inadequate government facilities and incentives, lack of technical and training facilities, low expenditure on research and development, and cultural values can all create barriers to entrepreneurship.

Question 16

Environment includes ________________

Accepted Answer

Environment includes dynamic factors, challenges, opportunities, and economic factors among others. It encompasses all external conditions and influences affecting the life and development of an organism or system.

Question 17

Which is the base of business environment?

Accepted Answer

The base of the business environment encompasses all these elements: use of natural resources, economic development, agricultural development, and transportation development. Each of these factors plays a crucial role in shaping the business landscape, influencing opportunities, challenges, and the overall context in which businesses operate.

Question 18

Business environment includes _____________________

Accepted Answer

The business environment encompasses all factors that affect a company's operations, including job growth, industrial development, advancements in communication, and per capita income. These elements influence business strategies, opportunities, and challenges.

Question 19

Economic environment consists of _____________________

Accepted Answer

The economic environment encompasses all aspects related to the economy, including economic planning, industrial policy, economic law, and the overall economic conditions.

Question 20

Internal environment includes ___________________

Accepted Answer

The internal environment of an organization refers to elements within the organization itself, such as its employees, management, corporate culture, and physical work environment. Choices A, B, and C (raw material suppliers, customers, and competitors) are all considered part of an organization's external environment.

Quiz 3: Entrepreneurship: Types, Elements, and Objectives