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WorksheetsEntrep Review Game Handout 1 and 1, Module 2
Total questions: 10
Worksheet time: 7mins
Character traits refer to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business.
True
False
(a) is a process of creating something new and assuming the risks and rewards
Scanning the marketing environment is the starting point of any new venture that involves understanding and knowing the intricacies of the macroenvironment, microenvironment, and internal environment.
True
False
One popular method of environmental scanning is SWOT analysis. W inSWOT stands for _________.
Waste
Weakness
Want
Economic trends is an environmental analysis under what in SWOT?
Strength
Weakness
Opportunity
Threat
It includes a set of character traits that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the community
Achievement cluster
Power cluster
Planning cluster
In setting the goals and objectives of the business venture, the entrepreneur is usually guided by the SMART principle. A in SMART stands for_______
Allowable
Agreeable
Attainable
Achievable
A successful information-seeker seeks relevant information on target customers, suppliers of raw materials, and competitors
True
False
________ are considered as the personal abilities to do things well. They come from the totality of the knowledge, practice or experience, and aptitude of a person
Aptitudes
Learnings
Skills
Talents
The following tell something about distinction of entrepreneur from businessman, EXCEPT:
Creates new market
Comparatively High risk
People-oriented
Very high competition
