2nd TLE 8 Quiz#3 Lesson 3

Choose the letter of the correct answer.

1. This is the ability of an entrepreneur to work diligently. Work without requiring supervision.

• a. Confident

• b. Hardworking

This pertains to the ability of the entrepreneur to have self-reliance in his or her own abilities, knowledge and judgment.

• a. Confident

• b. Hardworking

This refers to the ability to manage one’s time and resources properly and consistently can generate income.

• a. Committed

• b. Disciplined

This is the ability of the entrepreneur to assume full responsibility of the business.

• a. Committed

• b. Disciplined

Process that change along with the changing ties.

• a. Creative

• b. Dynamic

This refers the ability and wiliness to do tasks and duties without being told to do so.

• a. Initiative

• b. Risk Taker

Refers to a group of people who are interested in a capable of acquiring a product or availing of services.

• a. Customer

• b. Market

Is a person or an organization that purchases goods manufactured or services offered by a business.

• a. Customer

• b. Market

Pertains to the internal and eternal factors that affect a business.

• a. Environment

• b. Customer

Is a framework or tool used to analyze the external environmental factors that affect a business.

• a. Business Analysis

• b. Pestel Analysis