CLASS10 - ENTREPRENEURSHIP SKILLS

Business is a (an) _____________________ activity

• social

• economic

• hazardous

• selling

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

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 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

Being an entrepreneur requires much more than big ideas. A true entrepreneur possesses a unique cocktail of skills and characteristics that enable them to beat the odds and go after their dreams full throttle. Which characteristic involves choosing a course of action?

• risk taker

• leader

• decisive

• creative

______________ is the type of self-employment where one is running a business to satisfy the needs of people and looking for ways to make the business better.

• Entrepreneurship

• Entrepreneur

• Business Idea

• Entrepreneurist

A self employed person who is always trying to make his/her business better by taking risks and trying new ideas is called ______

• Skilled man

• Business man

• Entrepreneur

• None of the above

As an entrepreneur, you should be _____

• Creative

• Hard Working

• Decision Maker

• All of the above