Multiple Choice
The book is based upon four factors/components which can be considered the building blocks of entrepreneurship. These are:
A) environment, traits, profitability and process
B) environment, person(s) , opportunity and process
C) environment, risks, evaluation and process
D) the individual, process, risks and the economy
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Voluntarism is the idea that human will
Q2: Frank Knight differentiated between uncertainty and risk,
Q3: The book discusses two opposing systems of
Q4: The term "homo economicus" - economic man
Q5: Evolutionary development means that something changes gradually
Q7: Say and Cantillon launched the notion of
Q8: In Chapter 1, economic thinking is discussed
Q9: An essential feature of the Austrian School
Q10: According to Jean-Baptiste Say, the entrepreneur's task
Q11: Determinism implies that every event is predetermined,