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Entrepreneurship Core Concepts
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Entrepreneurship Core Concepts
Entrepreneurship Core Concepts
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1
Question
What is the origin of the word entrepreneur?
Page 1
Answer
From the French verb 'enterprende' which means to undertake.
2
Question
What key action does an entrepreneur take regarding opportunities and resources?
Page 1
Answer
Notices opportunities and takes the initiative to mobilize resources.
3
Question
What risk attitude characterizes entrepreneurs?
Page 1
Answer
They are willing to take risks.
4
Question
What ideas do entrepreneurs generate for profitable solutions?
Page 1
Answer
Unique ideas that can provide profitable solutions.
5
Question
What is one definition of entrepreneurship as a process?
Page 1
Answer
The process of offering something and answering the risks and rewards.
6
Question
What is entrepreneurship described as in terms of business management?
Page 1
Answer
The art of observing correct practices in managing and operating self-owned, wealth-creating business enterprises.
7
Question
How does studying entrepreneurship develop skills for students?
Page 1
Answer
It develops skills that will be needed in starting up a business.
8
Question
What knowledge does the entrepreneurship course enhance?
Page 1
Answer
Knowledge about business and entrepreneurship.
9
Question
How does the entrepreneurship course affect learners' attitudes toward the course?
Page 1
Answer
Learners change their attitudes towards the course as a means of living.
10
Question
What personal and career attitudes do learners change through the course?
Page 1
Answer
Communication, problem-solving, collaboration, motivation, creativity, and teamwork.
11
Question
What is one relevance of entrepreneurship to an organization in terms of capabilities?
Page 1
Answer
Development of managerial capabilities.
12
Question
How does entrepreneurship contribute to organization creation?
Page 1
Answer
Creation of organizations.
13
Question
What societal benefit does entrepreneurship provide to organizations?
Page 1
Answer
Improving standard of living.
14
Question
What is the economic role of entrepreneurship for organizations?
Page 1
Answer
Means of economic development.
15
Question
What is the definition of competencies in entrepreneurship?
Page 1
Answer
The capability, capacity, and ability of an individual to successfully perform the various roles and tasks.
16
Question
What is specific goal setting in entrepreneurial competencies?
Page 1
Answer
Entrepreneurs set goals that are specific, clear, and measurable.
17
Question
What does self-efficacy mean for entrepreneurs?
Page 1
Answer
Must believe in their ability to succeed.
18
Question
What is the need for achievement in entrepreneurial competencies?
Page 1
Answer
Have a high desire to accomplish goals and perform well.
19
Question
What perseverance trait do entrepreneurs need?
Page 1
Answer
Must have perseverance and ambition to overcome challenges.
20
Question
Why is willingness to learn important for entrepreneurs?
Page 1
Answer
Should have a strong willingness to learn.
21
Question
What adaptability do entrepreneurs demonstrate?
Page 1
Answer
They must learn how to be adaptable and flexible in work situations.
22
Question
What risk attitude is essential for entrepreneurs?
Page 1
Answer
Must be willing to accept the consequences of every action.
23
Question
What interpersonal skills do entrepreneurs need?
Page 1
Answer
Should have strong skills in working with people.
24
Question
What are core competencies in entrepreneurship?
Page 1
Answer
Features or characteristics that give an entrepreneur or business a competitive advantage.
25
Question
What is the first general condition for core competency?
Page 1
Answer
The activity must provide substantial value or benefits to the consumer.
26
Question
What is the second condition for a core competency?
Page 1
Answer
It should be difficult for competitors to imitate or copy.
27
Question
What is the third general condition for core competencies?
Page 1
Answer
It should be applicable to a wide variety of markets.
28
Question
Name one core competency: entrepreneur as missionary.
Page 1
Answer
Entrepreneur as missionary.
29
Question
What core competency describes entrepreneurs as goal-driven?
Page 1
Answer
Entrepreneurs are goal-driven.
30
Question
What is a core competency involving the entrepreneur as marketing manager?
Page 1
Answer
Entrepreneur as marketing manager.