Entrepreneurial Competencies Final Exam 2nd Sem 2024-2025

Which of the following best defines entrepreneurial competencies?

• Tasks that ensure technical efficiency

• Business strategies for market domination

• A combination of skills, knowledge, and attitude for success

• Entrepreneurial goals for annual growth

What does innovation primarily focus on?

• Solving team disputes

• Applying new ideas to create value

• Marketing existing products

• Saving on operational costs

Which of these is a type of innovation that involves small improvements to existing products?

• Radical innovation

• Incremental innovation

• Disruptive innovation

• Systemic innovation

Interpersonal skills include all EXCEPT:

• Conflict resolution

• Market segmentation

• Active listening

• Adaptability

What is the core definition of communication competency?

• Convincing others to accept your idea

• Speaking fluently and loudly

• Transferring ideas for mutual understanding

• Sending non-verbal signals

In the entrepreneurial context, negotiation is best described as:

• A one-sided business pitch

• A way to avoid business conflict

• A dialogue aiming for mutual agreement

• A technique to cut production costs

An entrepreneur identifies a problem with delayed customer deliveries. What's the FIRST step in the problem-solving process?

• Select and implement a solution

• Analyze the causes

• Identify the problem

• Brainstorm alternatives

During a pitch, an entrepreneur observes the investor crossing arms and looking distracted. Which communication skill is most relevant here?

• Written communication

• Emotional control

• Non-verbal cue observation

• Active speaking

A team fails to deliver results due to unclear role definitions. Which competency should the entrepreneur develop?

• Innovation

• Risk management

• Communication

• Aptitude

An entrepreneur reframes limited resources as an opportunity to innovate. This reflects what trait?

• Risk aversion

• Creative thinking

• Emotional bias

• Communication block