Entrepreneurship Skills

The act of assuming the risk of organizing productive resources to produce goods and services.

• business
• critical thinking
• entrepreneurship
• risk management

All of the following are advantages of entrepreneurship, except

• isolation
• independence
• control
• personal satisfaction

The chance of danger or loss

• Risk
• Options
• Reward
• Benefit

Which is a common characteristic of an entrepreneur?

• organized

• vindictive

• impressionable

• irresponsible

The stage in which the entrepreneur identifies and acquires the financial, human, and capital resources needed for the venture startup, etc.

• Concept Development
• Harvesting
• Resourcing
• Actualization

A new or different product

• Harvesting
• Innovation
• Opportunity
• Risk

A systematic set of rules and procedures used to guide the behavior of an individual, a business, or a culture

• Innovative
• Business Ethics
• Resourcing
• Code of Ethics

A written description of the purpose of a company and the management’s philosophy.

• Harvesting
• Mission Statement
• Resourcing
• Actualization

Identify entrepreneurship support facilities.

i. Financial

ii. Management Training and Entrepreneurship

iii. Advertising

iv. Technology

v. Location and business space

• i, ii, iii and iv

• i, ii, iii, iv and v

• i, ii, iii and v

• i, ii, iv and v

Entrepreneurs believed that the success or failure of a new business venture depends primarily on:

• Educational training taught in business schools

• luck or fate

• Their own attitude, skills and abilities