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ENTR200 Questions with Complete Correct Answers | Grade A+
ENTR200 Questions with Complete Correct Answers | Grade A+
[Show more]ENTR200 Questions with Complete Correct Answers | Grade A+
[Show more]What is the affordable loss principle? 
Ans: The Affordable Loss Principle focuses on minimizing downside risk by assessing the 
financial, time, emotional, and reputation commitments involved in starting a venture. 
Affordable Loss: Managerial v Effectual 
Ans: Managerial → which is the bigger o...
Preview 2 out of 11 pages
Add to cartWhat is the affordable loss principle? 
Ans: The Affordable Loss Principle focuses on minimizing downside risk by assessing the 
financial, time, emotional, and reputation commitments involved in starting a venture. 
Affordable Loss: Managerial v Effectual 
Ans: Managerial → which is the bigger o...
What is Entrepreneurship? 
Ans: "Entrepreneurship is a discipline that seeks to understand how opportunities are 
discovered, created, and exploited, by whom, and with what consequences." 
"the scholarly examination of how, by whom, and with what effects opportunities to create 
future goods a...
Preview 3 out of 28 pages
Add to cartWhat is Entrepreneurship? 
Ans: "Entrepreneurship is a discipline that seeks to understand how opportunities are 
discovered, created, and exploited, by whom, and with what consequences." 
"the scholarly examination of how, by whom, and with what effects opportunities to create 
future goods a...
Effectual Approach to Risk 
Ans: Lowest Downside Risk 
For a given level of risk, entrepreneurs feel they can expand the problem space and increase 
returns. Step 1: Pick a comfortable level of risk. Step 2: Push creatively to increase return. 
Managerial Approach to Risk 
Ans: For a given level of...
Preview 2 out of 9 pages
Add to cartEffectual Approach to Risk 
Ans: Lowest Downside Risk 
For a given level of risk, entrepreneurs feel they can expand the problem space and increase 
returns. Step 1: Pick a comfortable level of risk. Step 2: Push creatively to increase return. 
Managerial Approach to Risk 
Ans: For a given level of...
What is entrepreneurship? Who is an entrepreneur? 
Ans: Someone who is able to take the opportunity to innovate or invent an idea that is 
beneficial to society 
Small & Medium Enterprise (SME) 
Ans: - Initially focus on addressing local markets only 
- Company grows at a linear rate 
- Most often ...
Preview 3 out of 20 pages
Add to cartWhat is entrepreneurship? Who is an entrepreneur? 
Ans: Someone who is able to take the opportunity to innovate or invent an idea that is 
beneficial to society 
Small & Medium Enterprise (SME) 
Ans: - Initially focus on addressing local markets only 
- Company grows at a linear rate 
- Most often ...
Entrepreneurship- wiki definition 
Ans: "Entrepreneurship is the process of starting a business, typically a startup company 
offering an innovative product, process or service." 
Entrepreneur 
Ans: - Comes from french word 'entreprendre'- to undertake 
- 
Entrepreneurship vs. Small Business 
A...
Preview 3 out of 23 pages
Add to cartEntrepreneurship- wiki definition 
Ans: "Entrepreneurship is the process of starting a business, typically a startup company 
offering an innovative product, process or service." 
Entrepreneur 
Ans: - Comes from french word 'entreprendre'- to undertake 
- 
Entrepreneurship vs. Small Business 
A...
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