5A-ENTREP-Written Work 4 (Ch2L1-2)

Goals are long-term while objectives are short-term.

• True

• False

A person who is efficient produces more products using more production input.

• True

• False

Planning refers to the evaluation of the activities and adopted courses of actions whether they are carried in accordance with the plans.

• True

• False

The entrepreneur does not settle for mediocrity but instead aspires for quality.

• True

• False

Monitoring refers to the setting of goals and objectives.

• True

• False

As an information-seeker, an entrepreneur uses verified data in making decisions.

• True

• False

Planning and monitoring are two unrelated entrepreneurial activities.

• True

• False

A persistent entrepreneur immediately quits from the business venture after experiencing failure.

• True

• False

Successful entrepreneurs are known to have a low level of self-confidence.

• True

• False

Successful entrepreneurs sail through their journey with specific and concrete goals and objectives.

• True

• False