Entrepreneurship as an academic subject is defined as "the act of creating a business or businesses while building and scaling it to generate a profit". However, as a basic entrepreneurship definition, it’s a bit limiting. The more modern entrepreneurship definition is also about transforming the world by solving big problems. Like initiating social change, creating an innovative product or presenting a new life-changing solution. An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business/or procedures. This test has been created by Exams Academy to test academic knowledge of a person about the subject of “Entrepreneurship” at bachelor’s level. We have a separate test that verifies knowledge of a person aspiring to be a "Professional Entrepreneur”.
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