Introduction to Entrepreneur — Flashcards
NIOS · Class 10 · Entrepreneurship
44 flashcards for Introduction to Entrepreneur (NIOS Class 10 Entrepreneurship) to test yourself on key terms and facts. Sample: "What is an entrepreneur?"
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What is an entrepreneur?
Answer
An entrepreneur is a person or group of persons willing to take the risk of a new venture. An entrepreneur is self-employed, independent, and acts as his or her own boss. An entrepreneur assumes risk …
What is the origin of the word entrepreneur?
Answer
The word entrepreneur comes from the French word entreprendre. It is made of entre, meaning between, and prendre, meaning to take. This shows the idea of taking on a new venture.
Why is an entrepreneur called self-employed and independent?
Answer
An entrepreneur works for him or herself rather than for someone else. The entrepreneur makes decisions, takes responsibility, and does not depend on another employer for the venture. This is why the …
How is an entrepreneur different from an investor?
Answer
An entrepreneur brings the idea, passion, and funding arrangement for the venture and takes active responsibility for it. An investor mainly invests money in the venture and is more cautious about the…
How is an entrepreneur different from a manager?
Answer
An entrepreneur starts or owns the venture and bears risk. A manager works for someone else and carries out work for the enterprise, but does not bear the same entrepreneurial risk. An entrepreneur ma…
What is an intrapreneur?
Answer
An intrapreneur is an entrepreneur within an existing organisation. Such a person relies on innovation and may even help create a new division within the company. The key idea is entrepreneurship insi…
What does the quote by Peter F. Drucker say about entrepreneurs?
Answer
Peter F. Drucker defines entrepreneurs as innovators who search for change and exploit opportunities. The idea is that entrepreneurship is closely linked with innovation and the ability to use change …
Why is innovation important for an entrepreneur?
Answer
Innovation is the specific tool of entrepreneurs. It helps them turn change into a business opportunity, create new products or services, and improve existing ones. A successful entrepreneur searches …
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