ENTREP Quiz Flashcards

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1
Q

is a person who creates unique ideas that will be useful for starting a business

A

entrepreneur

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2
Q

the science of converting processes ideas into remarkable business venture

A

entrepreneurship

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3
Q

Why should you study entrep? (4)

A
  1. It develops skills that will be needed in starting up a business.
    2 It enhances Knowledge on how to operate business
  2. 4 demonstrate how to manage a business
  3. Learners consider becoming than an employee.
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4
Q

Importance entrep education

A
  1. Key economic education
  2. Increase the level of knowledge, competence and improve the quality of life
  3. alternative career path.
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5
Q

entrep common competencies.

A

1 specific goal setting
2. self efficacy
3. need for achievement
4 ambition
5. willing to learn
6 Adaptability and flexibility
7. willingness to take Risk
8. interpersonal Skills

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6
Q

example, an entrepreneur Knows what is good and night Do what is best for everyone and do not act without thinking

A

integrity

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7
Q

Review outcome projects in order to understand where problems occurred, check the impact of the solution to the proposed both customers and employee

A

Thinking

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8
Q

an entrepreneur swiftness to an alternative strategy to reach a goal. It generates new ideas and innovative solutions

A

Decisiveness

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9
Q

the demographics and the cultural dimension that govern the relevant entrepreneurial endeavor.

A

socio-cultural environment

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10
Q

governance system of the country on the local area of the demand that business economic the supply affects consumption and production environmental natural ecosystem, habitat of resources men

A

Political

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11
Q

general correlation on core competencies

A
  1. The action must provide superior value of benefits to the consumer
  2. It should be difficult for a competitor to replicate.
  3. It should be rare.
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12
Q
A
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