Qualities of a Successful Entrepreneur Quiz
7 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the definition of 'Opportunity Seeking and Initiative' ?

  • Readiness to take repeated actions or alternative strategies when facing obstacles or failures
  • Being easily discouraged by negative comments and failures
  • Striving to produce quality products faster and at the least cost possible
  • The ability to seek and identify new or unusual opportunities and pick up business ideas from them (correct)

What does 'Persistence' refer to according to the text?

  • Willingness to put extra effort to meet deadlines and objectives (correct)
  • Eagerness to get information from consumers, suppliers, competitors, and experts
  • Ability to calculate risk by finding means to minimize risk
  • Foresight and vision to set short and long-term objectives

Which competency involves the eagerness to get information from consumers, suppliers, competitors, and experts?

  • Goal Setting
  • Information Seeking (correct)
  • Demand for Quality and Efficiency
  • Risk Taking

What does 'Risk Taking' competency entail based on the text?

<p>Ability to calculate risk by finding means to minimize risk (A)</p> Signup and view all the answers

Which competency involves the foresight to set short and long-term objectives and communicate them effectively?

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

Which competency is described as striving to produce quality products better, faster, and at the least cost possible?

<p>Demand for Quality and Efficiency (D)</p> Signup and view all the answers

What does 'Commitment to Work Contract' entail according to the text?

<p>Willingness to put extra effort to meet deadlines and objectives (B)</p> Signup and view all the answers

More Like This

Are You Cut Out to be an Entrepreneur?
10 questions
Qualities of Successful Entrepreneurs
16 questions
Use Quizgecko on...
Browser
Browser