ENT101 Test 2 Questions and Correct Answers
1. What is entrepreneurship?
entrepreneurship signifies the promotion of innovative high risk projects that contribute to
economic efficiency and growth
1. What is an entrepreneur
A person who organizes, manages, and takes on the risks of a business.
1. What is the Macro and Micro view in regards to "Schools of Thought"
The Macro view looks at external influences (non-controllable) like social, cultural, and financial
factors. The Micro view looks at internal influences (controllable) that drives the entrepreneur.
1. What would be an example of the inputs and outcomes of the integrative approach
Input - person who takes risk
Output - successful venture that creates benefit
1. What is the dynamic states approach dependent on
The contextual environment
2. What is unique about the pacific approach to business
it is relationship based - w each other, environment, ocean, etc.
2. What is similar about Pacific approach to business compared to European/US styles
2. How can Pasifika values be appropriate and accessible to everyone
by maintaining and enhancing relationships
, 3. What adaptions did Maori have to make with the environment
Changes to lifestyle, culture, habits, practices. Created relationships with the environment to
understand patters and systems that would enhance kaitiakitanga
3. An example of Maori Strategic Frameworks and explain what it is
Hauora (home), where business entity is based off well-being (social, physical, spiritual and
mental)
3. Why should an entrepreneur conduct a risk analysis
This is so that they are able to evaluate the economic impact of their activities
4. What are the three fundamentals of the entrepreneurial mindset
1. Social norm about behavior
2. Personal attitude toward behavior
3. Perceived personal capability for behavior
4. What are three common beginnings to a business
1. Opportunity arises
2. The venture forms
3. A leader arises
4. Why do entrepreneurs continue?
Actions are tied to foreseeing potential gain, ignoring traditional weakness, exploiting new
alliances, persistence
4. What is social entrepreneurship
1. What is entrepreneurship?
entrepreneurship signifies the promotion of innovative high risk projects that contribute to
economic efficiency and growth
1. What is an entrepreneur
A person who organizes, manages, and takes on the risks of a business.
1. What is the Macro and Micro view in regards to "Schools of Thought"
The Macro view looks at external influences (non-controllable) like social, cultural, and financial
factors. The Micro view looks at internal influences (controllable) that drives the entrepreneur.
1. What would be an example of the inputs and outcomes of the integrative approach
Input - person who takes risk
Output - successful venture that creates benefit
1. What is the dynamic states approach dependent on
The contextual environment
2. What is unique about the pacific approach to business
it is relationship based - w each other, environment, ocean, etc.
2. What is similar about Pacific approach to business compared to European/US styles
2. How can Pasifika values be appropriate and accessible to everyone
by maintaining and enhancing relationships
, 3. What adaptions did Maori have to make with the environment
Changes to lifestyle, culture, habits, practices. Created relationships with the environment to
understand patters and systems that would enhance kaitiakitanga
3. An example of Maori Strategic Frameworks and explain what it is
Hauora (home), where business entity is based off well-being (social, physical, spiritual and
mental)
3. Why should an entrepreneur conduct a risk analysis
This is so that they are able to evaluate the economic impact of their activities
4. What are the three fundamentals of the entrepreneurial mindset
1. Social norm about behavior
2. Personal attitude toward behavior
3. Perceived personal capability for behavior
4. What are three common beginnings to a business
1. Opportunity arises
2. The venture forms
3. A leader arises
4. Why do entrepreneurs continue?
Actions are tied to foreseeing potential gain, ignoring traditional weakness, exploiting new
alliances, persistence
4. What is social entrepreneurship
