TEM 100

Question 1

Entrepreneurship was derived
from a French verb word ‘entreprende’ which
means

Answer 1

‘to do something’ or ‘to undertake’

Question 2

“Entrepreneurship is the phenomenon associated
with entrepreneurial activity.”

Answer 2

N. Ahmad and A. Hoffman (2008)

Question 3

“Entrepreneurship refers to an individual’s ability to turn ideas into action. It includes creativity, innovation, risk taking, ability to plan and manage projects in order to achieve objectives.”

Answer 3

European Commission (2015)

Question 4

“Entrepreneurship is a field of business that seeks to understand how opportunities to create something new arise and are discovered or created by specific persons, who then use various means to exploit or develop them, thus producing a wide range of effects.”

Answer 4

Baron, Shane, & Reuber (2008)

Question 5

“Entrepreneurship is a discipline that seeks to understand how opportunities are discovered, created, and exploited, by whom, and with what consequences.”

Answer 5

Neck, Neck, Murray (2018)

Question 6

“Entrepreneurship can be defined as the process of creating value for business and social communities by bringing together unique combinations of public and private resources to exploit economic, social or cultural opportunities in an environment of change.”

Answer 6

Fillis (2010)

Question 7

“Entrepreneurship refers to the economic activity of a person who starts, manages, and assumes the risk of a business enterprise.”

Answer 7

Medina, R. (2014)

Question 8

a person who pursues for that
opportunity, combines various factors of production, applies creativity and innovations, plans and manages the economic activities, and bears the risks to create something new to the market

Answer 8

entrepreneur

Question 9

An individual becomes an entrepreneur when they practice entrepreneurship by:

Answer 9

1. See opportunities in the environment
2. Analyze if said opportunity has economic value
3. Act on said opportunities by applying business
   concepts and models

Question 10

Micro

Answer 10

1 - 9 employees

Question 11

Small

Answer 11

10 - 99 employees

Question 12

Medium

Answer 12

100 - 199 employees

Question 13

Large

Answer 13

200 employees and more

Question 14

also known as the Global Goals

Answer 14

United Nations Sustainable Development Goals

Question 15

a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity.

Answer 15

United Nations Sustainable Development Goals

Question 16

How many UN SDGs are there?

Answer 16

17

Question 17

1st UN SDG

Answer 17

No poverty

Question 18

2nd UN SDG

Answer 18

Zero Hunger

Question 19

3rd UN SDG

Answer 19

Good Health and Well-being

Question 20

4th UN SDG

Answer 20

Quality Education

Question 21

5th UN SDG

Answer 21

Gender Equality

Question 22

6th UN SDG

Answer 22

Clean Water and Sanitation

Question 23

7th UN SDG

Answer 23

Affordable and Clean Energy

Question 24

8th UN SDG

Answer 24

Decent work and Economic growth

Question 25

9th UN SDG

Answer 25

Industry, innovation and infrastructure

Question 26

10th UN SDG

Answer 26

Reduced inequalities

Question 27

11th UN SDG

Answer 27

Sustainable cities and communities

Question 28

12th UN SDG

Answer 28

Responsible consumption and production

Question 29

13th UN SDG

Answer 29

Climate Action

Question 30

14th UN SDG

Answer 30

Life Below water

Question 31

15th UN SDG

Answer 31

Life on land

Question 32

16th UN SDG

Answer 32

Peace, Justice, and Strong institutions

Question 33

main drivers of employment and important facilitators of income generation

Answer 33

MSMEs (Micro and small-and-medium sized enterprise)

Question 33

17th UN SDG

Answer 33

Partnerships for the goals

Question 34

In entrepreneurship, who is considered the actor?

Answer 34

Entrepreneur

Question 35

An occasion or situation that makes it possible to do something that you want to do or have to do, or the possibility of doing something.

Answer 35

Opportunity

Question 36

achieved by means of exertion, skill, practice, or perseverance

Answer 36

Achievement cluster

Question 37

the process of thinking and organizing the activities required to achieve the desired goals

Answer 37

Planning cluster

Question 38

the ability to influence the behavior of people

Answer 38

Power cluster

Question 39

Competencies under achievement cluster

Answer 39

Opportunity-seeking and initiative Persistence Commitment Demand for efficiency and quality Taking calculated risks

Question 40

Competencies under Planning cluster

Answer 40

Goal setting Information-seeking Systematic planning and monitoring

Question 41

Competencies under Power cluster

Answer 41

Persuasion and networking Independence and self-confidence

Question 42

most important competency

Answer 42

Goal-setting

Question 43

Refers to all the inlying forces and conditions present within the company, which can affect the company's working.

Answer 43

Internal Environment

Question 44

a set of all the exogenous forces that have the potential to affect the organization's performance, profitability, and functionality.

Answer 44

External Environment