ENT101 TEST questions all with Correct Answers
What is entrepreneurship? - ANS The identification of opportunities, pursuit, and exploitation
independently of directly controlled resources.
Define entrepreneurship according to Nicole Martins Ferreira. - ANS The act of creating a
business, scaling it, and generating a profit.
: Describe entrepreneurship as per the Business Dictionary. - ANS
A: The capacity and willingness to develop, organize, and manage a business venture with its
associated risks to make a profit. - ANS
Q: How is entrepreneurship related to the saying, "Give a man a fish, and you'll feed him for a
day. Teach a man to fish, and you've fed him for a lifetime"? - ANS
A: Entrepreneurship exemplifies this concept, as it teaches people how to create businesses,
which can lead to self-employment, wealth creation, and economic fulfillment. - ANS
Q: What essential creativity elements are required before venturing into entrepreneurship? -
ANS
A: Seeing what others haven't seen, thinking what no one else has thought, and doing what no
one else has dared. - ANS
Q: Who is considered an entrepreneur? - ANS
A: An entrepreneur is a person who identifies and evaluates business opportunities, gathers
resources, and transforms these opportunities into income-yielding enterprises, creating wealth
for themselves and society. - ANS
What is entrepreneurship? - ANS The identification of opportunities, pursuit, and exploitation
independently of directly controlled resources.
Define entrepreneurship according to Nicole Martins Ferreira. - ANS The act of creating a
business, scaling it, and generating a profit.
: Describe entrepreneurship as per the Business Dictionary. - ANS
A: The capacity and willingness to develop, organize, and manage a business venture with its
associated risks to make a profit. - ANS
Q: How is entrepreneurship related to the saying, "Give a man a fish, and you'll feed him for a
day. Teach a man to fish, and you've fed him for a lifetime"? - ANS
A: Entrepreneurship exemplifies this concept, as it teaches people how to create businesses,
which can lead to self-employment, wealth creation, and economic fulfillment. - ANS
Q: What essential creativity elements are required before venturing into entrepreneurship? -
ANS
A: Seeing what others haven't seen, thinking what no one else has thought, and doing what no
one else has dared. - ANS
Q: Who is considered an entrepreneur? - ANS
A: An entrepreneur is a person who identifies and evaluates business opportunities, gathers
resources, and transforms these opportunities into income-yielding enterprises, creating wealth
for themselves and society. - ANS
