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Entrepreneurship Competencies and Characteristics Quiz

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Entrepreneurship Competencies and Characteristics Quiz

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Questions and Answers

What does the word 'entrepreneur' mean?

To manage an organization
To undertake a risk (correct)
To improve managerial capabilities
To create innovative solutions

Why is entrepreneurship encouraged by the economy?

To lower the standard of living
To discourage managerial skills development
To create job opportunities (correct)
To compete with existing organizations

What is a key characteristic of entrepreneurs?

Disinterest in innovation
Dependency on others for decision-making
Avoiding problem-solving
Willingness to take risks (correct)

How does entrepreneurship impact society?

It can improve the economic status of individuals (A) Signup and view all the answers

What is a personality factor that can affect entrepreneurship?

Perseverance (C) Signup and view all the answers

What is meant by 'means of economic development' in relation to entrepreneurship?

Improving the standard of living of society (A) Signup and view all the answers

What is a common competency of an entrepreneur as mentioned in the text?

Being a risk-taker (B) Signup and view all the answers

Which type of entrepreneur creates new things by thinking of new ideas?

Innovative Entrepreneur (C) Signup and view all the answers

What is a characteristic of an imitating entrepreneur?

Following the ideas of other entrepreneurs (D) Signup and view all the answers

What is a role of a planner in entrepreneurship?

Making plans before doing things (D) Signup and view all the answers

What does proactive mean in the context of entrepreneurship?

Controlling situations by making things happen or preparing for future problems (B) Signup and view all the answers

Which type of entrepreneur is skeptical about changes in the organization?

Fabian Entrepreneur (A) Signup and view all the answers