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1st Midterm Exam > Tle > Flashcards

Tle Flashcards

1
Q

Has no universal definition, but is someone who finances, organizes, and manages a business

A

Entrepreneur

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2
Q

refer to the totality of the
personality, knowledge, and other skills that a person must possess to effectively perform his/her functions and responsibilities as an entrepreneur

A

Personal Entrepreneurial
Competencies

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3
Q

the ability of the entrepreneur to seize a business opportunity even in situations where other people see nothing but problems

A

opportunity seekig

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4
Q

the ability to accept responsibility to complete a job for a customer, thus creating a strong impact on custom loyalty

A

Commitment

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5
Q

the determination to finish a job at any cost, even in terms of personal sacrifice. This is part of achieving his/ her set goals

A

Persistence

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6
Q

Is aware of the risks that go with the business

A

Risk-taking

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7
Q

refers to getting things done efficiently and effectively. It involves doing things that meet the expected standards of excellence

A

Demand for Efficiency and Quality

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8
Q

Refers to set a clear, realistic, and attainable goals and objectives

A

Goal Setting

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9
Q

Is about using information to make informed decisions and improve their knowledge of the business

A

Intormation Seeking

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10
Q

Refers to continuously monitors the actual performance of the business against the desired standards and goals and then makes the needed decisions to achieve these

A

Systematic Planning and
Monitoring

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11
Q

the ability to establish linkages with significant people and convince and influence others, especially customers

A

Persuasion and Networking

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12
Q

means having a strong belief in oneself to complete a task or meet the challenges of the business

A

Self-confidence

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13
Q

the ability of the entrepreneur in building harmonious relations with his staff, customers, suppliers, shareholders, investors, and other concerned parties

A

Interpersonal Skills

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14
Q

the skill in leading others, in
delegating responsibilities, in
teamwork, and in encouraging and
inspiring workers to follow and be
committed to the vision, mission, and
goals of the enterprise

A

Leadership and Motivation

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15
Q

the proficiency in communicating one’s thoughts, emotions, and ideas to those concerned

A

Communication

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16
Q

the ability to listen to both sides of an issue and know how to listen diligently and show empathy when listening

A

Listening

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17
Q

the skill to carry out transactions. and establish linkages with investors, customers, employees, and prospective clients

A

Negotiation and Networking

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18
Q

the correct practice of dealing with stakeholders with respect, integrity, fairness, and truth

A

Ethics

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19
Q

It is seeing situations at different perspectives and coming up with an innovative idea

A

Creative Thinking

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20
Q

Is a skill in coming up with sound solutions to problems on hand

A

Problem-solving and System
Thinking

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21
Q

The ability to easily spot trends, fads, and resources that are related to consumption, profitability, production, marketing

A

Recognizing Opportunities

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22
Q

knowledge and skills related to the efficient and effective management of the business

A

Functional Skills

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23
Q

is about being hands-on in the management of the business.

A

Practical Skills

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24
Q

refers to the inherited and acquired character of a person

A

Traits

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25
Q

is knowing yourself-your strengths and weaknesses, what you know, what you can do, and what you would like to do in the future

A

Self-awareness

26
Q

Refers to having the drive to expand your knowledge, sharpen your skills, and improve yourself

A

Self-motivation

27
Q

means being brave or fearless

A

Courage

28
Q

is a trait that makes a good impression on other people-employees, customers, investors, and other stakeholders

A

Confidence

29
Q

is a trait that tests an entrepreneur’s tolerance in handling persistent problems involving personnel, production, marketing, financing

A

Patience

30
Q

Refers to work with patience and intensity until the work sees its completion

A

Hard Work

31
Q

Refers to make the right decisions at the right time with the right people

A

Decisiveness

32
Q

is honest not only to himself/herself but to everyone related to the business

A

Integrity

33
Q

Refers looking at the bright side of things or situations, even in the midst of the business being down

A

Optimism

34
Q

are something necessary and indispensable to a person

A

Needs

35
Q

are something desired but not essential

A

Wants

36
Q

Refers to the density, size, and distribution of its population

A

Demography

37
Q

Refers to the occupation, income, and lifestyle of the residents

A

Socio-Economic characteristics

38
Q

Refers to the presence of type and size of businesses and industries

A

Economic Forces

39
Q

Refers to the offering similar products that will influence consumer demand of the product

A

presence of competition

40
Q

A process that involves identifying business needs and determining solutions to business problems

A

Business Analysis

41
Q

A number of experts to assess the product quality based on a scorecard

A

Product development

42
Q

Is a responsibility to see to it that the money is used to fulfill obligations

A

Control of Finances

43
Q

A process that involves listing of ideas and trimming them down

A

Screening Ideas

44
Q

A number of experts to assess the product quality based on a scorecard.

A

Product development

45
Q

It is a responsibility to see to it that the money is used to fulfill obligations.

A

Control of finance

46
Q

They say that opportunities are not endless.
True or false?

A

False

47
Q

Economic forces (density, size, and distribution of its population).
False or true?

A

False

48
Q

Demography (presence of type and size of businesses and industries).
False or true?

A

False

49
Q

Socio-economic characteristics (occupation, income, and lifestyle of the residents).
True or false?

A

True

50
Q

Presence of competition (offering similar products that will influence consumer demand of the product).
True or false?

A

True

51
Q

Part of the requirement before developing a product is finding out the consumer needs.
True or false?

A

True

52
Q

• Consumer needs and wants dictate the demand for the product.
True or false?

A

True

53
Q

• The best way to know about consumers in a community is to study the geographical location of the place.
True or false?

A

True

54
Q

• Environmental scanning is knowing about a community through observation, interview, and a simple survey.
True or false?

A

True

55
Q

• Generating ideas can be sourced mainly from what you read in class.
False or true?

A

False

56
Q
  • leather, rattan and other native materials, embroidery, beads, broken gadgets, and the like
A

handicrafts

57
Q
  • fruits and vegetables, beans and nuts, pork and beef, fish and seafood, herbs and spices, food services
A

cookery

58
Q
  • soap and detergents, washing powder, brooms and mops, brushes and floor polish, different services
A

household services

59
Q
  • textile, sewing, ready-to-wear items, designing, embroidery
A

dressmaking

60
Q
  • beauty products, beauty services
A

beauty care services

61
Q
  • cooking, first aid, caregiving services, caregiving tools and equipment
A

caregiving

1st Midterm Exam (11 decks)

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