People Skills and Decision Making in Business

Play an AI-generated podcast conversation about this lesson

What should you do before performing the instructions to ensure you have acquired the necessary knowledge?

Start the skill portion immediately

Answer the self-check and activities provided (correct)

Inform your teacher of your progress

Refer to external sources for information

Which term refers to enduring and resisting wear?

Hardware

Durability (correct)

Flowchart

Checklist

What does the term 'Hardware' refer to in the context provided?

The steps in a process

A software program

A checklist for organizing data

Electronic and mechanical components of a computer system (correct)

Which learning outcome involves assessing one's own work?

LO2 - Assess own work Signup and view all the answers

What should you do after completing the module to check your achievement of knowledge and skills?

Report to your teacher for an assessment Signup and view all the answers

Which term describes organizing data by category?

Checklist Signup and view all the answers

What do people skills refer to in the context of business?

Effective communication and relationship building Signup and view all the answers

Why are people skills considered crucial for success in business?

They can make a significant difference in the success of a business Signup and view all the answers

What is an essential trait of successful entrepreneurs according to the text?

Fast and wise decision-making Signup and view all the answers

What should sound decisions be based on according to the text?

Given facts and information Signup and view all the answers

Why is the ability to make wise decisions crucial for an entrepreneur?

It contributes to achieving business objectives Signup and view all the answers

What is the purpose of the PECs checklist mentioned in the text?

To assess personal entrepreneurial competencies Signup and view all the answers

Which personal trait is described as having self-reliance in one's ability?

Confident Signup and view all the answers

What is the key attribute of an entrepreneur who is always looking for opportunities to earn income?

Profit-oriented Signup and view all the answers

Which competency involves effective and efficient communication skills and relating well to people?

People skills Signup and view all the answers

What is the entrepreneurial strength defined as always sticking to the plan?

Disciplined Signup and view all the answers

Which trait involves being innovative to have an edge over competitors?

Creative Signup and view all the answers

Which competency refers to making wise decisions towards set objectives?

Sound decision maker Signup and view all the answers