Question : The essence of entrepreneurship Is the willingness to assume risk arising out of the creations and implementation of new ideas. Which characteristics of entrepreneurship is highlighted here?
Option 1: Systematic activity
Option 2: Lawful and purposeful activity
Option 3: Related to innovation
Option 4: Risk-taking.
Correct Answer: Risk-taking.
Solution : Entrepreneurship involves bigger risk as compare to career in employment as there is no issue or paid off. The essence of entrepreneurship Is the willingness to assume risk arising out of the creations and implementation of new ideas. Hence Option D is correct.
Question : It aims to conduct a lawful business. The purpose of entrepreneurship is to create value for personal profit and social gain. Which characteristics of entrepreneurship is highlighted here?
Option 4: Organisation of production
Question : It mobilises factors of production into a productive enterprise or firm. Which characteristics of entrepreneurship is highlighted here?
Question : Which of the following are the characteristics of Entrepreneurship?
Option 2: Lawful activity
Option 3: Innovation
Option 4: All of the above.
Option 1: Innovation
Option 2: Purposeful activity
Option 3: Risk taking
Question : It has certain skills and other knowledge and competence requirement that can be acquired, learnt and develop, both by formal and vocational training. Which characteristics of entrepreneurship is highlighted here?
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