Assignment Sheet
Student Name: Noor Hatem Hassan I.D: 2022/06987
Sheet No. 1
Introduction
I- Answer the following Questions
1. List the importance of Entrepreneurship.
1- Creation of Employment
2- Invention/Innovation
3- Impact on Society and Community Development
4- Increase Standard of Living
5- Supports research and development
2. What is the meaning of entrepreneur?
An innovator person who takes risks and introduces something new and new ideas to the
business.
3. What is the Personality Characteristic of Entrepreneurs?
1. Ability to identify the right opportunity and take advantage of it.
2. Understanding the importance of time and being punctual to work on time.
3. Ability to understand right and wrong and make the right decisions.
4. Having faith in yourself.
5. Always focus on growing your business
6. Ability to take risks.
7. Using new technology in your business and moving forward the business.
8. Efficient in arranging and managing well.
9. Doing everything with planning.
10. To give good work training to your employees about work.
11. Taking the right decision at the time o frisk (disaster).
12. The ability to complete the task once a decision is made.
13. Ability to deal with future problems.
14. Learning from your own and others' experience.
15. To meet the demand according to the market.
4. What are the 6Cs that motivate entrepreneurs?
1-Change
2-Challenge
3-Creativity
4-Control
5-Curiosity
6-Cash
5. What is difference between Entrepreneur & Entrepreneurship?
1-Entrepreneur: An innovator person who takes risks and introduces something new and
new ideas to the business.
2-Entrepreneurship: the process of designing and running a new business.
6. What is difference between Intrapreneur & Entrepreneur?
1-Entrepreneur is simply the founder of a business who works towards a vision.
2-Intrapreneur is a person who takes on the responsibility to innovate new ideas, products
and processes or any new invention within the organization.
7. What are the Factors may be affecting Entrepreneurship?
1-Economic Factors: Capital, Labor, Raw Materials, Market and Infrastructure.
2- Non-Economic Factors: Education, Attitude of the Society, Cultural Value, Political and
Personal Factors.
II- Select the most appropriate answer
1- A typical inventor is usually ______________.
A. Highly creative & in love with the invention B. Does not encourage change
C. Does not encourage change D. Willing to modify the invention
2- As a new company grows, the entrepreneur will need to ……………..
A. be responsive to changes in the market.
B. ensure financial controls are maintained.
C. build a management team.
D. all the above.
3- What is the purpose of a feasibility study for starting a new venture?
A. Exploring for potential customers B. Estimate sales
C. To understand if there are any barriers to success D. None of the above
4- Which of the following shows the process of creating something new?
A. Business model B. Management C. Creative flexibility D. Invention
5- A corporate manager who starts a new initiative for their company which entails
setting up a new distinct business unit and board of directors can be regarded as:
A. Ecopreneur B. Technopreneur C. Intrapreneur D. Social Entrepreneur
6- The resistance of employees in an organization against flexibility, growth,
and diversification can be overcome by developing …………….
A. Entrepreneurship B. Managerial domain
C. Intrapreneurship D. Administrative domain
7- Which of the following is NOT a rumour about entrepreneurs?
A. Everyone has the potential to be an entrepreneur. B. Entrepreneurs are gamblers.
C. Entrepreneurs are born, not made. D. Entrepreneurs love the spotlight.
8- Social attitude is one of the important problems of a ………….. Entrepreneur.
A. drone. B. business. C. women. D. adoptive.
9- The function performed by entrepreneur is called -------------------.
A. Management B. Enterprise C. Entrepreneurship D. Administration.
10- Person who works within an organization and having entrepreneurial capabilities.
A. Intrapreneur B. Entrepreneur C. Manager D. Director.
11- A ------------- entrepreneur is an individual who plans, develops, and manages a
corporate enterprise.
A. Corporate B. Motivated C. Industrial D. None of these.
12- An Entrepreneur Who has No Prior Business Ownership Experience is:
A. Novice Entrepreneur B. Imitative Entrepreneur
C. Portfolio Entrepreneurs D. None of the above
13- An entrepreneur who introduce new idea, methods of production and discovers new
market is called as
A. Technical entrepreneur B. Innovative Entrepreneur
C. Novice Entrepreneur D. None of the above
14- ………………… entrepreneur is very cautious and sceptical in adopting any change.
A. Technical B. Fabian C. Induced D. Business.
15- Which of the following factor does not affect a person for being an entrepreneur?
A. Education B. Gender C. Personal values D. Family background
16- ________________ type of entrepreneurs is particularly important for
underdeveloped countries because they contribute significantly to the development of
such nations.
A. Innovative B. Adoptive C. Fabian D Drone
17- Felix is an entrepreneur. At this stage of his company, his main concerns are do we
have enough customers and money. What stage of growth is Felix’s company in?
A. Survival B. Resource maturity C. Start-up D. Takeoff
III- Select True or False Statement
No. Statement True False
Drone entrepreneurs refuse to copy or use opportunities that come on their true
1 way.
An imitative entrepreneur is someone who adopts successful concepts and true
2 idea that have been proven by innovative entrepreneurs.
Drone Entrepreneurs are skeptical about the changes to be made in the true
organization, whereas Fabian Entrepreneurs are reluctant to
3
change since they are very conservative and do not want to make any
changes in the organization.
People who take risks and work creatively within an established true
4
organization are referred to as entrepreneurs.
Entrepreneurs should be greedy to grow big, as this needs true
5
patience as well.
6 An entrepreneur is a risk bearer. true
7 Innovation is the only specific instrument of entrepreneurship. false
8 Entrepreneurship is for profit making only. false
9 Entrepreneur has no role in development of economy. false
10 Women entrepreneurship has more challenges than Man. true
