16 questions
The act of assuming the risk of organizing productive resources to produce goods and services.
entrepreneurship
business
critical thinking
business risk
Who created Facebook?
Mark Zuckerberg
JK Rowling
Elon Musk
Walt Disney
What is an entrepreneur?
A person who is in charge of a specific location.
A person who works for someone else in order to learn skills.
A person who organizes and operates a business or businesses.
none of these
Which is NOT a common characteristic of an entrepreneur?
risk-taker
creative
organized
irresponsible
Which is NOT a common characteristic of an entrepreneur?
risk-taker
creative
organized
irresponsible
An entrepreneur is someone who works for themselves.
True
False
Most entrepreneurs work long hours, but they create their own schedule.
True
False
Entrepreneurs create ____________________ for themselves and others.
wealth
plans
risk
none of these
Which trait or characteristic would describe a successful entrepreneur?
Self Starter
bossy
lazy
shy
He appears to be the person who introduced the term entrepreneur to the world.
Richard Cantillon
Adolph Reidel
Frank Knight
Jean-Baptiste Say
he is from the German School of thought, picked up on Cantillon’s notion of uncertainty and extended it to theorize that entrepreneurs take on uncertainty
Adolph Reide
Frank Knight
Jean-Baptiste Say
Frank Knight
He founded the Chicago School of Economics and belonged to the American School of thought. He refined Cantillon’s perspective on entrepreneurs and risk by distinguishing insurable risk as something that is separate from uncertainty, which is not insurable.
Frank Knight
Amasa Walker
Jean-Baptiste Say
Albert Marshall
From the French School, advanced Cantillon’s work, but added that entrepreneurship was essentially a form of management. Say “put the entrepreneur at the core of the entire process of production and distribution”
Jean-Baptiste Say
Frank Knight
Alfred Marshall
Amasa Walker
From the English School of thought, was one of the founders of neoclassical economics. His research involved distinguishing between the terms capitalist, entrepreneur, and manager.
Alfred Marshall
Amasa Walker
Adam Smith
David Ricardo
From the English School of thought, published An Inquiry into the Nature and Causes of the Wealth of Nations in 1776.
Adam Smith
David Ricardo
Carl Menger
Jeremy Bentham (
from the English School of thought, considered entrepreneurs to be innovators.
Jeremy Bentham
Carl Menger
Schumpeter
David Ricardo