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2. The term entrepreneur is translated as:

 between-giver
 between-taker P:03

NATURE AND DEVELOPMENT OF ENTREPRENEURSHIP

The term entrepreneur comes from the French and translates "between-taker" or "go-
between."
 receiver
 giver

3 The period in which the money person entered into a contract with the go-between to
sell his goods is known as

a) Middle ages
b) 18th century P:03
c) 17th century
d) Earliest period

4 ----------viewed the entrepreneur as a risk taker who “buy(s) at an uncertain price,

therefore operating at a risk”

a) Eli Whitney
b) Edward hariman
c) Richard cantillon
Richard Cantillon, a noted economist of the 1700s, developed theories of the
entrepreneur and is regarded as the founder of the term. He viewed the entrepreneur
as a risk taker who "buy[s] at certain price and sell[s] at an uncertain price,
therefore operating at a risk."
d) Thomas Edison

5 a --------- is a professional money manager who makes risk investment from a

pool of equity capital to obtain a high rate of return on investments

a ) venture capitalist P:03

A venture capitalist is a professional money manager who makes risk investments
from a pool ofequity capital to obtain a high rate of return on investments.
b) entrepreneur
c) businessman
d) buyer

6- In the ---------- century, the notion of an entrepreneur as an innovator was

established. P:03
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a) 17th century
b) late 19th century
c) middle of the 20th century
In the middle of the 20th century, the notion of an entrepreneur as an innovator was
established.
d) 18th century

7-In almost all definitions of entrepreneurship there is agreement that we

are talking about a kind of behavior that includes:

a) initiative taking
b) b the organizing and reorganizing or social/economic mechanisms to turn
resources and situations to practical account.
c) the acceptance of risk or failure
d) all of the given option
In almost all definitions of entrepreneurship, there is agreement that we are talking
about a kind of behavior that includes:
1. Initiative taking
2. The organizing and reorganizing or social/economic mechanisms to turn resources
and situations to practical account.
3. The acceptance of risk or failure.