Business Acumen

Question 1

Name 4 of the characteristics of a successful enrepreneur?

Answer 1

Passion and motivation, Risk-taker, Persistence and determination, Persuasiveness and resourcefulness, Ambition, Creativity, Optimism, Willingess to learn

Question 2

Entrepreneurial characteristics can be learned?

Answer 2

False, they are usually natural traits people are born with

Question 3

Name 4 skills of successful entrepreneurs

Answer 3

Communication, Marketing, Ability to plan, Interpersonal, Basic management skills, Personal effectiveness, Team building, Leadership

Question 4

One of the reasons people do not want to pursue entrepreneurship is because it requires you to be in an office 9-5?

Answer 4

False, flexibile and remote working is one of the attractions of entrepreneurship

Question 5

Capital and Income are interchangeable terms when it comes to barriers to entry for entrepreneurship?

Answer 5

No, capital barrier refers to the difficulty in securing funding sources/start up investment. Income refers to the need for people to have a regular income to support themselves/family

Question 6

What is an intrapreneur?

Answer 6

An employee within a company who is tasked with exploring and developing an idea from within the company.