Question

Characteristics of entrepreneurship include:
A. Lawful and purposeful Activity
B. Low level of risk
C. Innovation
D. Systematic Activity
E. Organisation of production
Choose the correct answer from the options given below:

• A. A, B and C only
• B. B, C and D only
• C. A, B, C and E only
• D. A, C, D and E only

Hint:

Understanding the key traits of entrepreneurship is essential. Focus on the aspects such as innovation and risk, as they define an entrepreneurial mindset.

Answer 1

The Correct Option is C

Entrepreneurship typically involves lawful and purposeful activity (A), low levels of risk (B), innovation (C), and organisation of production (E). Systematic activity (D) may not always be a characteristic of entrepreneurship in every context.