Entrepreneurship

Question 1

• The term characteristic traits in this lesson refers to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business.

Answer 1

Characteristics

Question 2

• The term characteristic traits in this lesson refers to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business.

Answer 2

Characteristics

Question 3

• The Achievement Cluster consist of entrepreneurial character traits that are directly related to the entrepreneur’s desire to be an achiever in the field of entrepreneurship.

Answer 3

ACHIEVEMENT CLUSTER

Question 4

Sees and acts on new business opportunities

Answer 4

Opportunity seeker

Question 5

Sees and acts on new business opportunities

Answer 5

Opportunity seeker

Question 6

Seizes unusual opportunities to obtain financing, equipment, land, work, space, or assistance.

Answer 6

Opportunity seeker

Question 7

Accepts full responsibility for what has been promised to the customer.

Answer 7

Comitted

Question 8

Accepts full responsibility for what has been promised to the customer.

Answer 8

Comitted

Question 9

Establishes poor coordination with and among workers, so that goods and services are delivered as promised.

Answer 9

Comitted

Question 10

Seeks to prioritize the satisfaction and interest of customers.

Answer 10

Committed

Question 11

Take repeated or different actions in order to overcome the obstacles.

Answer 11

Persistent

Question 12

Take repeated or different actions in order to overcome the obstacles.

Answer 12

Persistent

Question 13

Make personal sacrifices or exert extraordinary effort to complete the required task.

Answer 13

Persistent

Question 14

Stick to his/her own judgement in times of opposition and failure.

Answer 14

Persistent

Question 15

Stick to his/her own judgement in times of opposition and failure.

Answer 15

Persistent

Question 16

It refers to risk-taker that is not
scared to take any risks in
business.

Answer 16

Aggressive Risk-Taker

Question 17

It refers to risk-taker that is more calculative in taking risks. He/she analyze the situation before taking the leap.

Answer 17

Moderate risk-taker

Question 18

It refers to risk-taker that is not very eager to take any kind of risk.

Answer 18

Conservative risk-taker

Question 19

It refers to risk-taker that is not very eager to take any kind of risk.

Answer 19

Conservative risk-taker

Question 20

Always performs the required
tasks in accordance with excellence standard of excellence.

Answer 20

Efficient and quality-oriented

Question 21

Strives to do things better and faster with minimal cost.

Answer 21

Efficient and quality-oriented

Question 22

• The planning cluster is a set of characteristics of successful entrepreneur that is basically supports the character traits in the achievement cluster. The plan serves as the blueprint of the actions to be undertaken by the entrepreneur.

Answer 22

Planning Cluster

Question 23

It is known as the blue print of the business proposal

Answer 23

Planning Cluster

Question 24

It is known as the blue print of the business proposal

Answer 24

Planning Cluster

Question 25

It is known as the blue print of the business proposal

Answer 25

Planning Cluster

Question 26

It is known as the blue print of the business proposal

Answer 26

Planning Cluster

Question 27

It is known as the blue print of the business proposal

Answer 27

Planning Cluster

Question 28

- The basic concept of planning is setting goals and objectives. Goals and objectives are the guiding points that direct all actions, efforts, and struggles of the entrepreneur. Goals are long-term while objectives are short-term.

Answer 28

A goal-setter

Question 29

- Successful entrepreneurs primarily seek a strong basis to make sound decision.

Answer 29

An information-seeker

Question 30

- Information are data banks that, seek relevant information, verifies available information from various sources, seeks opinion and advice from the expert in business field and finds other possible ways to make sure that the desired information is complete.

Answer 30

An information-seeker

Question 31

- The term systematic implies that there is a rational and logical approach in performing the activities. Planning simply refers to the setting of goals and objectives. Monitoring on the other hand, refers to the evaluation of the activities and adopted courses of action whether they are carried in accordance with the plan.

Answer 31

Systematic in planning and monitoring

Question 32

This includes set of character traits that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the community. The term power in this discussion does not connote autocratic control of the situation or having the bossy type of personality in entrepreneurial activities.

Answer 32

POWER CLUSTER

Question 33

Adopts specific strategies that will influence and convince others while maintaining the highest degree of respect and,

Answer 33

Persuasive and Positive Networker

Question 34

Make use of positive contact in the business community.

Answer 34

Persuasive and Positive Networker

Question 35

- Successful entrepreneurs are known to have a high level of _________

Answer 35

Self-confidence

Question 36

They project a favorable images of themselves which is founded on respect a and good deeds in the business community.

Answer 36

Self-Confidence

Question 37

They project a favorable images of themselves which is founded on respect a and good deeds in the business community.

Answer 37

Self-Confidence