entrep 0-1

Question 1

factors affecting entrepreneurship

Answer 1

1. personality factors
2. environmental factors

Question 2

what are the personality factors

Answer 2

7
initiative
proactive
problem solver
perseverance
persuasion
planner
risk-taker

Question 3

which means doing things even before being told.

Answer 3

a. Initiative -

Question 4

which means he can classify opportunities and seize it.

Answer 4

b. Proactive -

Question 5

which means he can retain good relations with other people

Answer 5

c. Problem Solver -

Question 6

meaning he will pursue things to get done regardless of challenges.

Answer 6

d. Perseverance -

Question 7

means that he can entice people to buy even if they don’t.

Answer 7

e. Persuasion -

Question 8

meaning he makes plan before doing things and do not fail to monitor it.

Answer 8

f. Planner -

Question 9

which means that he is willing to gamble but he will calculate it first.

Answer 9

g. Risk-taker -

Question 10

which include political, climate, legal system, economic and social conditions and market situations.

Answer 10

2. Environmental Factors

Question 11

types of entrepenretru

Answer 11

1 innovative entrepreneur
2 imitating entrepreneur
3 fabian entrepreneur
4 drone entrepreneur
5 social entrepreneur

Question 12

They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.

Answer 12

Innovative entrepreneur -

Question 13

They are those who don’t create new things but only follow the ideas of other entrepreneurs.

Answer 13

Imitating entrepreneurs -

Question 14

They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied.

Answer 14

Fabian entrepreneurs -

Question 15

They are those who lives on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.

Answer 15

Drone entrepreneur -

Question 16

They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.

Answer 16

Social entrepreneurs -

Question 17

is defined as “person in
effective control of commercial undertaking; one
who undertakes a business or an enterprise”.

Answer 17

An entrepreneur i

Question 18

is an innovative person who
maximizes his profits by following new strategies
or venturing into new products or services.

Answer 18

Entrepreneur

Question 19

Entrepreneuria1 activities today
have become very important and
are keys to economic development.

Answer 19

entrerpreneurship

Question 20

Growth ,industrial developrnent ,
including etmploymtent generation,
depend upon entrepreneurial
behaviour of a country

Answer 20

entrepreneurship

Question 21

relevance of entrepreneurship

Answer 21

1 development of managerial capabilities
2 creation of organizations
3 improving standard of living
4 means of economic development

Question 22

The greatest
significance Of
entrepreneurship lies
in the fact that it
helps in identifying
and developing
managerial
capabilities Of
entrepreneurs.

Answer 22

developmental of managerial capabilities

Question 23

Entrepreneurship
results in the
creation of
organizations when
entrepreneurs
assemble and
coordinate physical
*human and
financial resources
and direct them
tow a rds
achievement of
objectives through
managerial skills.

Answer 23

creation of organization

Question 24

By creating productive
organizations, entrepreneurship
help in making a wide variety
of goods and services available
to the society which results into
higher standard of living for the
people.

Answer 24

omproving standard of living

Question 25

Entrepreneurship
involves creation and
use of innovative ideas,
maxinüzation Of output
from given resources,
and development of
manorial skills .AII these
factors are essential to
the economic
developrnent

Answer 25

means of economic development

Question 26

commong comptencies in entrepreneurship

Answer 26

1 decisive
2 communicator
3 leader
4 opportunity seeker
5 proactive
6 risk taker
7 innovative

Question 27

an entrepreneur must be firm in making decisions

Answer 27

Decisive -

Question 28

an entrepreneur must have a convincing power.

Answer 28

Communicator -

Question 29

an entrepreneur must have the charisma to be obeyed by his employees.

Answer 29

Leader -

Question 30

an entrepreneur must have the ability to be the first to see business chances.

Answer 30

Opportunity seeker -

Question 31

controlling a situation by making things to happen or by preparing for possible future problems.

Answer 31

Proactive -

Question 32

they have the courage to pursue their business ideas.

Answer 32

Risk Taker -

Question 33

the entrepreneurs have big business ideas and they do not stop improving and thinking of new worthwhile ideas for their business.

Answer 33

Innovative -

Question 34

core competencies in entrepreneurship

Answer 34

1 economic and dynamic activity
2 innovation
3 profit potential
4 risk bearing

Question 35

where can you work

Answer 35

work for a business
run your own business
teach a business core

Question 36

entrepreneur comes from

Answer 36

french term enterprende which eamdn to undretake