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MPU1043U2 ENTREPRENEURIAL SKILLS

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

"Entrepreneurship is the art of turning an idea into a business." is referred to _______ definition.

a)

Academic Definition (Stevenson & Jarillo)

b)

Venture Capitalist (Fred Wilson)

c)

Corporate Entrepreneurship

2.

List three primary reasons that people become entrepreneurs and start their own firms.

(a)  

3.

Name four primary characteristics of successful entrepreneurs.

(a)  

4.

"Firms that provide their owners a similar level of inccome to what they would be able to earn in a conventional job." is referred to ________ type of firm.

a)

Salary Substitute

b)

Lifestyle

c)

Entrepreneurial

5.

Which of the following is the correct order for entrepreneurial process?

STEP A: Moving from an idea to an entrepreneurial firm.

STEP B: Deciding to become an entrepreneur.

STEP C: Managing and growing the entrepreneurial firm

STEP D: Developing successful business ideas.

a)

STEP A, STEP D, STEP B, STEP C

b)

STEP B, STEP A, STEP C, STEP D

c)

STEP B, STEP D, STEP A, STEP C

d)

STEP A, STEP C, STEP B, STEP D

6.

Why do you think entrepreneurs need the popularity spotlight? Support your answers with suitable examples.

4 lines
7.

Do you agree that entrepreneurs should be young and energetic person? Explain.

4 lines
8.

Give your ranking.

The lecturer demonstrated in-depth knowledge of the subject.

a)

1 Very Poor

b)

2 Poor

c)

3 Satisfactory

d)

4 Good

e)

5 Excellent

9.

Give your ranking.

The lecturer is responsive to questions and feedback from students.

a)

1 Very Poor

b)

2 Poor

c)

3 Satisfactory

d)

4 Good

e)

5 Excellent

10.

Through attending this subject, now I know how to _____

4 lines