Question 1 Briefly describe the evolution of the term entrepreneurship.
Question 2 What is the process approach to entrepreneurship? In your answer, describe the dynamic states approach.
Question 3 Explain the predominance of new ventures in the economy.
Question 4 What is entrepreneurial cognition, and how does it impact the mind-set of entrepreneurs? How does metacognition come into play here?
Question 5 What are the four specific areas of risk that entrepreneurs face? Describe each.