Entrepreneur Questions

Question 1

It is someone who deals with a business

Answer 1

Entrepreneur

Question 2

Process of using resources effectively and transforming them in profitable venture

Answer 2

Entrepreneurship

Question 3

Place where goods are bought and sold

Answer 3

Market

Question 4

A person who buys and sells goods in a large quality

Answer 4

Merchant

Question 5

The goods that are sold are called?

Answer 5

Merchandise

Question 6

A system according to which money, industry, and trades are organized

Answer 6

Economy

Question 7

A plan for possible outcomes of a purpose project

Answer 7

Feasibility Study

Question 8

A valuable return

Answer 8

Profit

Question 9

Another term for Profit

Answer 9

Gain

Question 10

What are the 4 clusters in T.L.E.?

Answer 10

Economics
Agriculture
I.C.T.
Industrial Arts

Question 11

Cooking and other aspects of household management especially taught in school

Answer 11

Economics

Question 12

Art of science of cultivating the soil, growing crops, and raising livestock

Answer 12

Agriculture

Question 13

An extensional term for info. technology, that stresses the role of unified communication

Answer 13

I.C.T.(Information and Communication Technology)

Question 14

Defined as a study of skills needed to work with machinery

Answer 14

Industrial arts

Question 15

4 ways to identify more business opportunity

Answer 15

Listen to your potential clients and past leads
Listen to your customers
Look at your competitors
Look at industry trends and insight

Question 16

first 5 qualities of an Entrepreneur

Answer 16

Goal-Oriented
Achievement-Oriented
Full of Energy
Persistent
Human Management

Question 17

The next 6 qualities of an Entrepreneur

Answer 17

Innovative
Risk-Taker
Open to Criticism
Responsible
Confident
Knowledge

Question 18

There goal leading them to strive to attain it

Answer 18

Goal-Oriented

Question 19

They want to see the result of their labor

Answer 19

Achievement-Oriented

Question 20

They do not get tired easily no matter how tedious work is

Answer 20

Full of Energy

Question 21

Are not easily Discouraged

Answer 21

Persistent

Question 22

Manage their People

Answer 22

Human Management

Question 23

They are creative because they believe that new things have a purpose

Answer 23

Innovative

Question 24

They never doubt because they are open-minded

Answer 24

Risk-taker

Question 25

They take suggestions

Answer 25

Open to Criticism

Question 26

They do not believe in luck

Answer 26

Responsible

Question 27

They believe in themselves

Answer 27

Confident

Question 28

They are experts in their line of occupation

Answer 28

Knowledgable