Entrepreneurship PEC Quiz

Which situation best demonstrates “opportunity seeking” behavior?

• Waiting for someone to offer a business idea

• Selling a new product after researching customer needs

• Copying a friend’s online selling strategy

• Ignoring market trends

Why is persistence important for entrepreneurs?

• It ensures the business will never fail.

• It allows entrepreneurs to ignore customer complaints.

• It drives them to continue despite failures and setbacks.

• It guarantees immediate profits.

A baker continues baking even if orders are low because she believes in future success. Which PEC is shown?

• Information Seeking

• Commitment to Work Contract

• Risk-Taking

• Persistence

Which best shows calculated risk-taking?

• Spending all capital on an unknown trend

• Investing after studying market demand

• Ignoring new product lines to avoid loss

• Refusing to change any product

A business owner who constantly improves product packaging is showing what PEC?

• Self-Confidence

• Demand for Efficiency and Quality

• Systematic Planning

• Persuasion

An entrepreneur risks expanding to a new location after market research. Which PEC cluster applies?

• Power Cluster

• Planning Cluster

• Achievement Cluster

• None

Why is goal-setting crucial in entrepreneurship?

• To have unrealistic expectations

• To set clear, measurable targets for business growth

• To avoid business competition

• To ensure immediate profit

Which shows good Information Seeking behavior?

• Starting a business without a plan

• Copying other sellers blindly

• Reading market reports before investing

• Ignoring customer feedback

A student entrepreneur lists monthly expenses and income. Which PEC is this?

• Risk Taking

• Systematic Planning and Monitoring

• Commitment to Work Contract

• Self-Confidence

Why is Systematic Planning important in business?

• It allows entrepreneurs to rely on luck.

• It helps reduce costs and track progress.

• It increases uncertainty in decisions.

• It wastes valuable time.