Entrepreneurship Competencies Quiz

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Questions and Answers

What is a common competency in entrepreneurship related to controlling a situation by making things happen or preparing for future problems?

  • Economic and dynamic
  • Proactive (correct)
  • Risk Taker
  • Innovative

Which type of entrepreneur constantly seeks new ideas and needs to be creative?

  • Risk Taker
  • Fabian entrepreneur
  • Imitating entrepreneur
  • Innovative entrepreneur (correct)

Which core competency in entrepreneurship involves the creation and operation of an enterprise for creating value from limited resources?

  • Innovative
  • Profit Potential
  • Economic and dynamic (correct)
  • Proactive

What type of entrepreneur is skeptical about making changes and only follows after being satisfied with others' ideas?

<p>Fabian entrepreneur (B)</p> Signup and view all the answers

Which term describes entrepreneurs who have the courage to pursue their business ideas?

<p>Risk Taker (A)</p> Signup and view all the answers

In entrepreneurship, what do innovative entrepreneurs do that distinguishes them from imitating entrepreneurs?

<p>Create new things by thinking of new ideas (A)</p> Signup and view all the answers

What does the concept of Entrepreneurship emphasize about entrepreneurs?

<p>They are willing to take risks and generate new ideas. (D)</p> Signup and view all the answers

Which personality factor is described as someone who does things even before being told?

<p>Proactive (D)</p> Signup and view all the answers

What does it mean to be a 'Planner' according to the text in the context of entrepreneurship?

<p>Someone who makes plans before taking action. (A)</p> Signup and view all the answers

Which environmental factor is NOT mentioned as influencing entrepreneurship in the text?

<p>Technological advancements (A)</p> Signup and view all the answers

What is a common competency required in entrepreneurship to be the first to identify business opportunities?

<p>Opportunity seeker (A)</p> Signup and view all the answers

How does the text describe an entrepreneur's role as a 'Leader' in entrepreneurship?

<p>Leading by example and charisma. (D)</p> Signup and view all the answers

What is entrepreneurship primarily about?

<p>Hard work and determination (B)</p> Signup and view all the answers

What role do entrepreneurs play in the economy?

<p>They provide job opportunities and services (C)</p> Signup and view all the answers

What is the relationship between entrepreneur and entrepreneurship?

<p>Entrepreneur refers to managing a business, while entrepreneurship refers to the business venture itself (B)</p> Signup and view all the answers

What does being a millionaire in entrepreneurship depend on?

<p>Hard work and determination (C)</p> Signup and view all the answers

How are entrepreneurs viewed in terms of providing opportunities for young people?

<p>They provide new opportunities for young people (A)</p> Signup and view all the answers

What drives the success of an entrepreneur according to the text?

<p>Hard work and dedication (C)</p> Signup and view all the answers

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