ENTREP CLUSTER

Question 1

mark are attribute that distinguishes an entrepreneur from the owner of an ordinary small Business

Answer 1

character traits

Question 2

s e r d f

Answer 2

small enterprise research and development foundation

Question 3

entrepreneurs desire to be achiever in the field of entrepreneurship

Answer 3

achievement cluster

Question 4

ability to identify with great is the most appropriate entrepreneurial opportunities

Answer 4

opportunity seeker

Question 5

displays full commitment to the work or endeavor

Answer 5

committed

Question 6

trial sacrifices and failures challenge the entrepreneur to be

Answer 6

persistent

Question 7

inherent in all entrepreneurial ventures

Answer 7

risk taker

Question 8

is not scared to take any risk in business

Answer 8

aggressive risk taker

Question 9

is more calculative in taking risk he or she analyzes the situation before taking the leap

Answer 9

moderate risk taker

Question 10

is not very eager to take any kind of risk he or she is satisfied with managing a small business and a regular clientele

Answer 10

conservative risk taker

Question 11

a successful entrepreneur highly values efficiency and the concept of quality in all business undertakings

Answer 11

efficient and quality oriented

Question 12

a set of characteristic of successful entrepreneur that basically supports a character traits and achievement cluster

Answer 12

planning cluster

Question 13

the basic concept of planning is setting goals and objectives

Answer 13

goal setter

Question 14

s m a r t

Answer 14

specific
measurable
achievable
realistic
time bound

Question 15

entrepreneur counseling make a decision that will affect the operation of their business ventures (a person looking for information)

Answer 15

information seeker

Question 16

he or she follows a systematic pattern of planning process and monitoring approaches

Answer 16

systematic in planning and monitoring

Question 17

the term _ implies that there is a rational and logical approach in performing activities

Answer 17

systematic

Question 18

simple refers to the setting of goals and objectives

Answer 18

planning

Question 19

refers to the evaluation of the activities and adopted course of action whether they are carried in accordance with plan

Answer 19

monitoring

Question 20

includes a set of character traits that reflect the degree of the interpersonal relations maintained by a successful entrepreneurs in the community

Answer 20

power cluster

Question 21

successful entrepreneurs are persuasive and can easily influence and win over to their side the other stakeholders in business such as customers suppliers and perspective creditors

Answer 21

persuasive and positive networker

Question 22

they project a favorable image of themselves which is sounded on respect and good deeds in the business community

Answer 22

self confident

Question 23

set of cognitive technical and interpersonal skills required in the practice of entrepreneurship

Answer 23

entrepreneurial skills

Question 24

mental ability of the entrepreneur essential in making systematic and effective plans and monitoring them

Answer 24

cognitive skills

Question 25

problems are common in the life of an entrepreneur as he or she manages the day to day operations of the business ventures

Answer 25

problem solving

Question 26

the specialized knowledge and expertise required to perform scientific task and use specific tools and programs in real world situation

Answer 26

technical skills

Question 27

are basically about the relationship and interaction of the entrepreneur with the workers suppliers creditors perspective customers and other members of the business community

Answer 27

interpersonal skills

Question 28

interpersonal skills of entrepreneur may include among others

Answer 28

skills in verbal communication nonverbal communication listening leading negotiating