Question : Statement 1:The entrepreneurs are born rather than made.
Statement 2: Entrepreneurship is systematic step by step and purposeful activity.

 

Option 1: Both are true 
 

Option 2: Both are false
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 1 is false and statement 2 is true.

Question : Statement 1: The term entrepreneur was introduced by French economist Richard Cantillon
Statement 2: The term entrepreneur was first introduced in economics by the early 19th century.

Option 1: Both are true 

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Question : Statement 1: Entrepreneur In response to a received business opportunity mobilise these resources into a productive enterprise or firm
Statement 2: It is generally believe that entrepreneurs take low risk.
 

Option 1: Both are true 
 

Option 2: Both are false
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 1 is false and statement 2 is true.

Question : It can be defined as systematic, purposeful and creative activity of identifying a need and mobilising resources to achieve it.
 

Option 1: Entrepreneurship
 

Option 2: Entrepreneurship development
 

Option 3: Entrepreneur
 

Option 4: None of the above
 

Question : Statement 1: From the point of view of the firm innovation maybe cost increasing.
Statement 2: entrepreneurship is creative in the sense that it involves creation of value.
 

Option 1: Both are true 
 

Option 2: Both are false
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 1 is false and statement 2 is true.