{"id":38615,"date":"2024-08-02T11:56:29","date_gmt":"2024-08-02T11:56:29","guid":{"rendered":"https:\/\/www.greatassignmenthelp.com\/questions\/?p=38615"},"modified":"2024-08-02T11:56:29","modified_gmt":"2024-08-02T11:56:29","slug":"which-of-the-following-is-not-true-about-entrepreneurship","status":"publish","type":"post","link":"https:\/\/www.greatassignmenthelp.com\/questions\/which-of-the-following-is-not-true-about-entrepreneurship\/","title":{"rendered":"Which of the following is NOT true about entrepreneurship?"},"content":{"rendered":"

Which of the following is NOT true about entrepreneurship?<\/strong><\/p>\n

a. Entrepreneurship contribute significantly to the continues improvementof living standards<\/p>\n

b. Entrepreneurship helps the development of a handful of people gettingrich through enterprise<\/p>\n

c. Entrepreneurship slow down the country’s unemployment rates<\/p>\n

d. Entrepreneurship provides an opportunity for making unproductive useof capital resources\u200b<\/p>\n

Answer: d. Entrepreneurship provides an opportunity for making unproductive useof capital resources\u200b<\/strong><\/p>\n

This statement is not correct concerning entrepreneurship. Indeed, it is noteworthy that entrepreneurship can be defined by its efficient Utilisation of capital assets. It can be said that an entrepreneur is an innovator who, finding certain opportunities in an environment, applies existing resources to create value. They avail capital, labour and ideas to come up with new product formulations that can meet consumers\u2019 needs or provide ready solutions to existing challenges. For instance, when Elon Musk started SpaceX, he employed capital assets to fashion rockets that can be reclaimed or reused hence decreasing the price of space accessibility thus creating more opportunities in the space industry. Likewise, when two friends Steve Jobs and Steve Wozniak began with Apple in a garage, they effectively utilized less capital to come up with a product that would change the style of personal computing. Hypothesized by self-interest, the chief motive of Entrepreneurs is to ensure that all resources employed in their ventures yield optimal returns, and therefore by default are used productively. They are usually indispensable in discovering more uses for the available resources within the organization or in finding ways of applying existing resources in other forms. This timely allocation of resources is very economical in boosting economic development, creation of employment opportunities and advancing technology. Thus, although not all ventures in entrepreneurship prove successful, it is apparent that the general premise of the business activity is to create value and make effective demand for capital assets, not the contrary.<\/p>\n","protected":false},"excerpt":{"rendered":"

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