1. An Australian economist who first articulated the importance of entrepreneurship
to the economy and the society.
A Adam Smith
B. Alfred Marsall
C. Joseph Schumpeter
D. Milton Friedman
2. The importance of entrepreneurship to the economy and the society is first
articulated by an Australian economist in the year?
A. 1933
B. 1934
C. 1935
D. 1936
3. It refers to the activity of setting up a business or businesses, taking on financial
risks in the hope of profit
A Business
B. Entrepreneur
C. Entrepreneurial
D. Entrepreneurship
4. It refers to the person who sets up a business with the aim to make a profit and
create a fulltime, sustainable business with employees.
A. Entrepreneur
B. Leader
C. Manager
D. Supervisor
5. The following are considered as important characteristics of a good entrepreneur
EXCEPT:
A. Disciplined
B. Hardworking
C. Self-confident
D. Narrow-minded
Answers
Answer:
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Multiple choice questions activity involves choosing the best and correct option out of the given options.
- The given sentences belong to the concept of Entrepreneurship.
- The correct answers are -
1. An Australian economist who first articulated the importance of entrepreneurship
C. Joseph Schumpeter
2. The importance of entrepreneurship to the economy and the society is first articulated by an Australian economist in the year?
B. 1934
3. It refers to the activity of setting up a business or businesses, taking on financial risks in the hope of profit
D. Entrepreneurship
4. It refers to the person who sets up a business with the aim to make a profit and create a full-time, sustainable business with employees.
A. Entrepreneur
5. The following are considered important characteristics of a good entrepreneur
EXCEPT:
D. Narrow-minded
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