Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

ENTREPRENEUR > LESSON 1 > Flashcards

LESSON 1 Flashcards

1
Q

This means that one of the benefits an entrepreneur gets is to develop his managerial skills.

A

Development of Managerial Capabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Which means that because of entrepreneurship many organizations will exist.

A

Creation of Organizations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

This means that entrepreneurship can lift up the economic status of an individual.

A

Improving Standard of Living

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

This means that not only the life of the entrepreneur is improved but also the society where the business is located.

A

Means of Economic Development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Doing things even before being told.

A

Initiative

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Which means he can classify opportunities and seize it.

A

Proactive

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Which means he can retain good relations with other people.

A

Problem Solver

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

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

A

Perseverance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

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

A

Persuasion

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

He makes plans before doing things and does not fail to monitor it.

A

Planner

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

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

A

Risk-taker

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

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

A

Environmental Factors

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

An entrepreneur must be firm in making decisions.

A

Decisive

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

An entrepreneur must have a convincing power.

A

Communicator

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

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

A

Leader

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

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

A

Opportunity seeker

17
Q

An entrepreneur can control a situation by making things happen or by preparing for possible future problems.

A

Proactive

18
Q

An entrepreneur has the courage to pursue business ideas.

A

Risk Taker

19
Q

The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.

A

Innovative

20
Q

Entrepreneurship is an economic activity because it involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources.

A

Economic and Dynamic Activity

21
Q

The entrepreneur constantly looks for new ideas, thus he needs to be creative.

A

Innovative

22
Q

The entrepreneur can be compensated by his profit coming from the operation.

A

Profit Potential

23
Q

The entrepreneur needs to gamble but wise enough to offset the risk.

A

Risk bearing

24
Q

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.

A

Innovative Entrepreneurs

25
Q

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

A

Imitating Entrepreneurs

26
Q

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

A

Fabian Entrepreneurs

27
Q

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

A

Drone Entrepreneurs

28
Q

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.

A

Social Entrepreneurs

29
Q

With the expertise of in the field of entrepreneurship, he can be a very good source of advice to other entrepreneurs and would be businessmen.

A

Business Consultant

30
Q

A graduate of an entrepreneurship can use his knowledge in teaching.

A

Teacher

31
Q

The entrepreneur can be employed as a researcher by an enterprise.

A

Researcher

32
Q

The entrepreneurship graduate can apply as a salesman.

A

Sales

33
Q

The entrepreneur being expert in the field, can be employed as a business reporter.

A

Business Reporter

ENTREPRENEUR (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions