Entrepreneurship Core Traits Quiz

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Questions and Answers

What is the CORE TRAIT that successful entrepreneurs possess to be a source of inspiration for their employees?

  • Leaders (correct)
  • Communicators
  • Problem Solvers
  • Specialists

Which of the following is NOT a key competency for entrepreneurs according to the passage?

  • Analytical (correct)
  • Problem Solvers
  • Innovative
  • Sociable

What does the passage state entrepreneurs must be in order to effectively share ideas and address concerns with customers and employees?

  • Leaders
  • Specialists
  • Risk Takers
  • Communicators (correct)

According to the passage, what is the key trait that allows entrepreneurs to assess the net cause and effect of an opportunity and decide intelligently if a venture should be considered?

<p>Having a sharp eye for opportunities (B)</p> Signup and view all the answers

What does the passage state is the core purpose of an organization's business plan?

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

What is the main characteristic of an entrepreneur who is customer-oriented?

<p>Bold and ambitious (B)</p> Signup and view all the answers

How does an entrepreneur create a proactive approach in their venture?

<p>By being an innovator (C)</p> Signup and view all the answers

What do employees play a significant role in, according to the text?

<p>Implementing the entrepreneur's ideas (D)</p> Signup and view all the answers

What does having leadership skills in entrepreneurship enable an entrepreneur to do?

<p>Enjoy seeing their team flourish with minimal supervision (C)</p> Signup and view all the answers

How is risk defined in the context of entrepreneurship?

<p>A possibility of loss or injury (B)</p> Signup and view all the answers

What is the primary role of an entrepreneur as an agent of change in society?

<p>Create new ideas and solutions to improve lives (D)</p> Signup and view all the answers

Which of the following best describes the proactive approach of entrepreneurs?

<p>Actively seeking out new ideas and creating opportunities (D)</p> Signup and view all the answers

Which of the following is NOT a characteristic of entrepreneurs as agents of change?

<p>Maintaining traditional business models (D)</p> Signup and view all the answers

What is a key aspect of risk-taking in entrepreneurship?

<p>Willingness to take calculated risks for potential rewards (B)</p> Signup and view all the answers

Which of the following is NOT a leadership skill commonly associated with successful entrepreneurs?

<p>Micromanaging and controlling every aspect (B)</p> Signup and view all the answers

What is the first step in the 4-step process of thinking for entrepreneurs?

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

What is the primary difference between a businessman and an entrepreneur?

<p>Businessmen follow traditional approaches, while entrepreneurs innovate (C)</p> Signup and view all the answers

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