ENTREP Week 1 notes: Relevance of Entrepreneurship to an Organization
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Questions and Answers

What is essential for an entrepreneur in seeking opportunities?

  • Entrepreneurial body language
  • Entrepreneurial sleep pattern
  • Entrepreneurial voice tone
  • Entrepreneurial mind frame (correct)

    • Which personality factor drives entrepreneurs to discover satisfaction in the act of discovery?

  • Entrepreneurial hand length
  • Entrepreneurial hair color
  • Entrepreneurial heart flame (correct)
  • Entrepreneurial foot size

    • What does the 'entrepreneurial gut game' refer to?

  • Diet and exercise regimen
  • Business strategy workshops
  • Video game tournaments
  • Intuition and confidence (correct)

    • Which environmental factor contributes to identifying entrepreneurial opportunities?

    <p>Technological environment</p> Signup and view all the answers

    What role does a business consultant play in the entrepreneurial process?

    <p>Provides advice to other entrepreneurs</p> Signup and view all the answers

    What is a key characteristic of an entrepreneur according to the text?

    <p><strong>Risk-taking attitude</strong></p> Signup and view all the answers

    Which of the following is NOT a personality factor affecting entrepreneurship?

    <p>Financial resources</p> Signup and view all the answers

    What is the meaning of the word 'entrepreneur' derived from?

    <p>The French verb 'entreprendre', meaning 'to undertake'</p> Signup and view all the answers

    Which of the following is NOT a type of entrepreneur mentioned in the text?

    <p>Serial entrepreneur</p> Signup and view all the answers

    Which of the following is a common competency of an entrepreneurship graduate?

    <p>All of the above</p> Signup and view all the answers

    Which of the following is NOT mentioned as a personality factor affecting entrepreneurship?

    <p>Financial stability</p> Signup and view all the answers

    What is the role of an 'imitating entrepreneur' according to the text?

    <p>To observe successful business models and replicate them</p> Signup and view all the answers

    Which of the following is NOT one of the essentials of an entrepreneur's opportunity seeking?

    <p>Financial resources</p> Signup and view all the answers

    Which of the following is a source of opportunity for an entrepreneur?

    <p>All of the above</p> Signup and view all the answers

    What does the term 'external environment' refer to in the context of entrepreneurship?

    <p>All of the above</p> Signup and view all the answers

    Which of the following statements about competition is true?

    <p>All of the above</p> Signup and view all the answers

    What is the role of suppliers in the context of entrepreneurship?

    <p>They are the ones who provide something that is needed or wanted.</p> Signup and view all the answers

    Which of the following statements about buyers is true?

    <p>They are the ones who pay cash in exchange for goods and services.</p> Signup and view all the answers

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