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</p> Signup and view all the answers

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

    <p>Mission</p> Signup and view all the answers

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

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

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

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

    How is risk defined in the context of entrepreneurship?

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

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

    <p>Idealization</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</p> Signup and view all the answers

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