TLE - Entrepreneurship

It is the practice of forming a new business.

• Entrepreneur

• Entrepreneurship

• Entrepreneurial Spirit

• Enterprise

The following statements describes the entrepreneur EXCEPT

• The entrepreneur manages the day to day operations of a business.

• The entrepreneur is able to take calculated risks.

• The entrepreneur drives the entrepreneurship.

• The entrepreneur is employed by another person.

The entrepreneur should be able to solve problems and make decisions. What characteristic of the entrepreneur is described in the given statement?

• Thinking Ability

• Human Relations Ability

• Communications Skills

• Technical Knowledge

It is the entrepreneur’s ability to relate to various people including the customers, employees, and third parties connected to the business.

• Reasonable Risk Taking

• Communications Skills

• Goal Setting

• Human Relations Ability

It is the incorporation of new ideas and technology in the products and services to attract customers.

• Accountability

• Drive

• Innovation

• Self-confidence

What characteristic of the entrepreneur pertains to his or her self-motivation to succeed?

• Self-confidence

• Accountability

• Innovation

• Drive

The entrepreneur should believe in his/her actual abilities to achieve eventual success. What characteristic of the entrepreneur is described in the given statement?

• Self-Confidence

• Goal-Setting

• Drive

• Technical Knowledge

Mari resigned from his job because he wanted the flexibility of having his own schedule to attend to his family’s needs. What entrepreneurial motivation does Mari have?

• Desire to be one’s own boss

• Desire for financial rewards

• Desire to create one’s own job security

• Desire to improve one’s quality of life

Daris started her own company because she wants to earn more. What entrepreneurial motivation does Daris have?

• Desire to be one’s own boss

• Desire for financial rewards

• Desire to create one’s own job security

• Desire to improve one’s quality of life

Levi’s company acquired new machinery for their operations which resulted to excess manpower in the job. Levi fears that he might be forced to resign from his current position. He left his job to open his own firm. What entrepreneurial motivation does Levi have?

• Desire to be one’s own boss

• Desire for financial rewards

• Desire to create one’s own job security

• Desire to improve one’s quality of life