entrep quiz

Entrepreneurship is an art and not a science thus, there is a constant change; it continuously grows, develops, improves and expands.

• Art of correct practice

• Wealth creating venture

• Risk taking venture

• Opening and managing self owned business

Refer to the important characteristics that should be possessed by an individual in order to perform entrepreneurial functions effectively.

• Attitude

• Personal Entrepreneurial Competencies

• Performance

• Competencies

Habitually working diligently for long period of hours.

• Has Initiative

• Disciplined

• Hardworking

• Self - confident

Products and services are considered valuable when they satisfy the needs and wants of the customers.

• Art of correct practices

• Risk taking venture

• Providing values to customer

• Opening and managing self - owned business

This is synonymous to being openminded or readiness to try

different things or to hear and consider fresh ideas.

• Ability to accept change

• self confident

• Has initiative

• Creative

Personal entrepreneurial competencies characterized by solid dedication.

• Hardworking

• Disciplined

• Self confident

• Committed

A good entrepreneur must make sure that the business will generate income

• ability to accept change

• Profit oriented

• Has initiative

• disciplined

This is strategic thinking and setting of goals to achieve objectives by carefully maximizing all the available resources.

• People skills

• Planning

• Decision making

• all of the above

Skills of an entrepreneur that knows how to empathize with people, communicate articulately and

being patient.

• decision making

• planning

• people skills

• all of the above

It is the ability to think quickly and make a wise judgment towards the pre-determined set objectives

• decision making

• planning

• people skills

• all of the above