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WorksheetsCreative Technology - SUMMATIVE NO. 4
Total questions: 10
Worksheet time: 8mins
What are the three clusters of Personal Entrepreneurial Competencies?
Achievemment
Planning
Persuasion
Power
PECs are the needed abilities or skills that an individual must have to meet the challenges of starting and running a business.
Goal setting
Persistence
Persuasion and Networking
Information Seeking
What is the ability to study the market for a new product?
Commitment to the work contract
Information Seeking
Risk taking
Systematic planning and monitoring
Which cluster includes persuasion and networking?
Achievement
Power
Planning
Optimism
What is the characteristic that calculates risks and being proactive?
Opportunity seeking and initiative
Goal setting
Optimism
Risk taking
For a business that relies heavily on selling products, which cluster should be strengthened?
Power
Achievement
Planning
Risk taking
Why is it important to align the PEC to one's preferred business?
It helps the business run smoothly.
It makes the management easier.
It helps hone the business owner's abilities.
It shapes the business.
What are the two main reasons why entrepreneurs fail in running a business?
Lack of self-discipline
Lack of skills
Lack of resources
Lack of experience
f you would like to run a small grocery store in your town, what is the competency group that you will need to achieve this?
Achievement
Planning
Power
Franchise
What are Personal Entrepreneurial Competencies?
It is the set of abilities that are inherent to anyone.
It is the set of abilities that are needed to run a successful business.
It is the set of abilities that are required to pass a business exam.
It is the set of abilities that are developed over time.
