Character Traits

Question 1

enumerate the sources of entrepreneurial ideas

Answer 1

1.) changes in environment
2.) people’s Interest
3.) Industrial environment

Question 2

what examples of changes in environment in entrepreneurship

Answer 2

1.) physical environment
2.) societal environment
3.) Industrial environment

Question 3

a entrepreneur once said “the entrepreneur always searches for a change, responds to it and exploits it as an opportunity” who said it?

Answer 3

Peter Drucker

Question 4

refers to the individual characteristics and qualities. They are words used to describe how entrepreneurs act during certain situations or what kind of people they are. Character traits are sometimes described as good or bad, and everyone has them.

Answer 4

Character Traits

Question 5

consists of entrepreneurial character traits that are directly related to the entrepreneurial desire to be an achiever in the field of entrepreneurship

Answer 5

Achievement Cluster

Question 6

a. opportunity seeker
b. committed
c. persistent
d. risk taker
e. efficient and quality oriented
-these are examples of what cluster?

Answer 6

Achievement Cluster

Question 7

Aggressive risk-taker (type of risk taker under achievement cluster)

Answer 7

is not scared to any risk in business.

Question 8

is not scared to any risk in business. (type of risk taker under achievement cluster)

Answer 8

Moderate risk-taker

Question 9

is not very eager to take any king of risk. He/she is satisfied with managing the business and a regular customer. (type of risk taker under achievement cluster)

Answer 9

Conservative risk-taker

Question 10

a set of characteristics of successful entrepreneur that basically support the character traits in the achievement cluster

Answer 10

Planning Cluster

Question 11

goal setter
(Planning Cluster)

Answer 11

a successful entrepreneur sets clear, specific and well defined short and long term and objectives

Question 12

successful entrepreneur primarily seek a strong basis to make sound decision. (planning cluster)

Answer 12

an information seeker

Question 13

a successful entrepreneur follows a
systematic pattern of planning processes and monitoring approaches. (planning cluster)

Answer 13

Systematic in planning and monitoring-

Question 14

includes a set of character traits that reflects the interpersonal relation maintained by successful entrepreneurs in the community

Answer 14

Power Cluster