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TLE > 1st Quarter > Flashcards

1st Quarter Flashcards

1
Q

Entrepreneurs have a good eye for spotting business opportunities

A

Opportunity seeking

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2
Q

Entrepreneurs do not easily give up in the face of obstacles

A

Persistence

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3
Q

Entrepreneurs do their best to satisfy customers and deliver what is promised.

A

Commitment to work contract

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4
Q

Entrepreneurs are known for taking calculated risks and doing tasks that are moderately challenging

A

Risk taking

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5
Q

Entrepreneurs see to it that the business meets or exceeds existing standards of excellence

A

Demand for efficiency and quality

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6
Q

Knows how to set specific, measurable, attainable, realistic, and time bound (SMART) goals

A

Goal setting

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7
Q

Updates themselves with new information about the customers, the marketl suppliers and competitors.

A

Information seekinf4

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8
Q

Develop one and use logical, step by step plans to reach their goals.

A

Systematic planning and monitoring

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9
Q

Entrepreneurs know how to use the right strategies to influence/persuade other people

A

Persuasion and networking

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10
Q

Entrepreneur’s have a strong belief in themselves and their own abilities

A

Self confidence

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11
Q

Enumerate the five Achievement Cluster:

A

Risk taking
Commitment to work contract
Persistence
Opportunity seeking
Demand for efficiency and quality

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12
Q

Enumerate the three planning cluster:

A

Systematic planning and monitoring
Information seeking
Goal setting

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13
Q

Enumerate the two power clusters:

A

Self confidence
Persuasion and networking

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14
Q

What is the meaning of SMART?

A

Specific, measurable, attainable, realistic, and time bound

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15
Q

Pertains to the number of people living in the area

A

Demography

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16
Q

Being the totality of the way of life, ideas, and customs of a set of people or society. Primarily influence the type of products that are acceptable to a particular way.

A

Culture, sub-culture

17
Q

The laws and policies of the national and local government units also influence the business operations.

A

Government regulations

18
Q

This pertains to the management of resources and study of the system of production, distribution, and consumption of goods and services

A

Economy

19
Q

Technological changes are inventions based on the application of science that create new product or process improvements.

A

Technology..

TLE (3 decks)

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