18 Questions
Albert Shapero highlighted that entrepreneurship involves a dynamic process of innovation and new venture-creation through the four major dimensions – individuals, organization, environment, ______, and aided by collaborative networks.
process
Entrepreneurship is influenced by factors such as initiative, organization, administration, relative autonomy, and ______.
risk taking
In entrepreneurship, an individual or group takes the ______.
initiative
In the context of entrepreneurship, resources are brought together in an organization to accomplish some objective or the resources in existing organization are ______.
reorganized
Entrepreneurs in the Philippines are considered the backbone of the economy, and small and medium-sized enterprises (SME) account for 99 percent of all business establishments and 60 percent of the exporting firms.
micro-enterprises
In the entrepreneurial process, the organization’s success or failure is shared by the initiator’s superiors and ______.
subordinates
Entrepreneurs are more concerned with ______ rather than people
task
Entrepreneurs are ______ oriented
achievement
Entrepreneurs are reasonable ______ takers
risk
Entrepreneurs are ______ and self-confident
hardworking
Entrepreneurs have been found to be goal-directed with high ______
n Ach
According to Hiam and Olander, the single most important activity of any entrepreneur is to generate business ______
ideas
Entrepreneurs prefer _______ risks
moderate
Entrepreneurs take personal _______ for decisions
responsibility
Entrepreneurs are known for their _______
self-confidence
Entrepreneurs seek concrete feedback on their _______
performance
Entrepreneurs are individuals who are not afraid to take calculated _______
risks
The entrepreneur takes responsibility for major _______
decisions
Test your knowledge on the traits and responsibilities of an entrepreneur with this quiz. Learn about decision-making, planning, and resource management in the context of starting and running a business.
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