Magnaong CES Entrepreneurship Modules
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Questions and Answers

What does the term 'proactive' mean in the context of entrepreneurship?

  • Having good problem-solving skills
  • Persevering through challenges to get things done
  • Being able to classify opportunities and seize them (correct)
  • Being persuasive in enticing people to buy products or services

    • Which of the following is NOT listed as an environmental factor that entrepreneurs need to consider?

  • Climate conditions
  • Political conditions
  • Technological advancements (correct)
  • Legal system

    • What does it mean for an entrepreneur to be a 'risk-taker'?

  • Being willing to gamble without any calculations
  • Being willing to gamble after careful calculations (correct)
  • Being willing to take risks without any planning
  • Being willing to take risks only if there is a guaranteed return

    • Which of the following is NOT listed as a common competency for entrepreneurs?

    <p>Being an accountant</p> Signup and view all the answers

    What does it mean for an entrepreneur to be 'innovative' according to the text?

    <p>Having big business ideas and continuously improving and thinking of new worthwhile ideas</p> Signup and view all the answers

    Which of the following is NOT listed as a core competency for entrepreneurs?

    <p>Being persuasive</p> Signup and view all the answers

    What does it mean for an entrepreneur to be a 'planner' according to the text?

    <p>Making plans before doing things and monitoring them</p> Signup and view all the answers

    Which of the following is NOT listed as an environmental factor that entrepreneurs need to consider?

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

    What does it mean for an entrepreneur to be a 'problem solver' according to the text?

    <p>Being able to retain good relations with other people</p> Signup and view all the answers

    Which of the following is listed as a common competency for entrepreneurs?

    <p>Being an opportunity seeker</p> Signup and view all the answers

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