4-1 Personality Traits of Entrepreneurship

What does "Bootstrapping" mean in the context of entrepreneurship?

• Introducing a new product or service

• Being creative with limited resources

• A summary of a company's purpose

• An aspirational view of the future

Which term describes the introduction of something new, such as a product or method?

• Mission

• Vision

• Innovation

• Traits

What is a "Mission" in a business context?

• A summary of a company's purpose

• The loss of potential gain

• A strong feeling of enthusiasm

• An aspirational view of the future

What does "Opportunity Cost" refer to?

• The introduction of something new

• The loss of potential gain from other alternatives

• Personal characteristics

• An aspirational view of the future

Which term is defined as a strong feeling of enthusiasm and determination?

• Passion

• Self-Awareness

• Traits

• Vision

What does "Self-Awareness" involve?

• Being creative with limited resources

• Consciousness of one's traits and emotions

• A summary of a company's purpose

• An aspirational view of the future

What are "Traits" in the context of personality?

• A summary of a company's purpose

• Personal characteristics expressed by behavior

• The introduction of something new

• The loss of potential gain

What does "Vision" refer to in a business setting?

• A summary of a company's purpose

• An aspirational view of the future

• The introduction of something new

• Personal characteristics