21. In mixed economy both and private entrepreneurs play an
important role in economic development.
22. The entrepreneur moulds not only the enterprise but also alters the environment
itself, that results in the growth of an enterprise.
23. An entrepreneur is also known as an agent of in the society.
24. Entrepreneurship is the yard stick to measure the development of a country, hence
is known as of a nation.
25. Launching the venture and developing the customer base falls under
phase of process of entrepreneurship.
26. The function of is to arrange, guide, coordinate, direct and
control the factors of production.
27. The set of activities performed by an entrepreneur is known as
.
28. The economists view as the fourth factor of production.
29. According to sociologists, entrepreneurs are .
30. The process of creation of an enterprise is known as .
31. Foreseeing a potentially profitable opportunity and trying to exploit it is
entrepreneurial function.
32. The allocation of productive resources in order to minimise losses is performed
under entrepreneurial function.
33. The movement of goods and services from producer to ultimate consumer is done
under commercial function.
34. The provisions of working conditions and welfare measures are
commercial function to maintain a good workforce.
35. A ship on a voyage that has on board, innovative and creative men and women,
who likes to do constructive things, is .
36. The new age business ventures are more and not just product
based.
37. Entrepreneurs are who use the process of entrepreneurship to
shatter the status quo of the existing product and services.
38. It is a common myth that start ups can’t be financed with a .
39. A lot of entrepreneur use than equity to fund their companies.
40. The composition of debt and is required to fund the companies.

Entrepreneurship