Entrepreneurial Competencies Quiz

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Questions and Answers

Which competency emphasizes building strong professional connections and leveraging contracts?

  • Adaptability and Flexibility
  • Networking/Collaboration (correct)
  • Strong Initiative
  • Willingness to Learn

Which competency involves reviewing records and preparing necessary documents?

  • Planning
  • Organizing Successfully
  • Workplace Comfort
  • Checking, Examining, and Recording (correct)

Which competency emphasizes evaluating potential risks and formulating mitigation plans?

  • Interpersonal Skills
  • Willingness to Take Risks (correct)
  • Innovation and Creativity
  • High Growth Potential

Which competency involves generating innovative solutions while analyzing problem-solving effectively?

<p>Creative/Critical Thinking (D)</p> Signup and view all the answers

Which competency refers to demonstrating appropriate behaviors in the workplace?

<p>Workplace Comfort (A)</p> Signup and view all the answers

Which of these entrepreneurial competencies is defined as a person's belief in their own ability to succeed?

<p>Self-Efficacy (D)</p> Signup and view all the answers

According to the provided text, what is the key benefit of having a high 'Need for Achievement'?

<p>Higher likelihood of launching a successful business (D)</p> Signup and view all the answers

Which of these entrepreneurial competencies is most closely related to a person's ability to bounce back from setbacks?

<p>Self-Efficacy (C)</p> Signup and view all the answers

What is the key difference between 'Layers of Competency' and the other listed entrepreneurial competencies?

<p>Layers of Competency are a combination of skills and traits that are not necessarily universally applicable. (D)</p> Signup and view all the answers

Which entrepreneurial competency is characterized by the ability to set clear and specific goals, particularly for business growth?

<p>Specific Goal Setting (B)</p> Signup and view all the answers

Flashcards

Locus of Control

The belief in one's ability to influence outcomes through actions.

Specific Goal Setting

The practice of creating clear, measurable goals to drive business performance and growth.

Self-Efficacy

The belief in one's own capabilities to achieve a task and overcome challenges.

Need for Achievement

The intrinsic drive to excel and take responsibility for outcomes in tasks.

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Ambition

A strong motivation to persist and reach goals despite challenges.

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Willingness to Learn

The drive to acquire new skills and competencies.

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Strong Initiative

The ability to independently pursue challenging goals with determination.

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Planning

Developing strategies to achieve objectives with profit potential.

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Interpersonal Skills

The ability to effectively communicate and understand diverse individuals.

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Innovation and Creativity

Generating new ideas and solutions through creative problem-solving.

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