L1 Intro

Question 1

The word “entrepreneur” was derived from the ______ “______”, which means “_______

Answer 1

French verb, enterprendre, to undertake

Question 2

The word “entrepreneur” was derived from the French verb enterprendre, which means “to undertake.” This is pinpointing to those who “______

Answer 2

undertake” the risk of enterprise.

Question 3

The _______ is created by an _______ and the process is called “________.”

Answer 3

enterprise, entrepreneur, Entrepreneurship

Question 4

_______ are ______. They are willing to t the risks and generate unique ideas that can provi prof table solutions to the needs of the market and the society.

Answer 4

Entrepreneurs, innovators

Question 5

RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION

Answer 5

1. Development of Managerial Capabilities
2. Creation of Organizations
3. Improving Standard of Living
4. Means of Economic Development

Question 6

Factors Affecting Entrepreneurship,

Answer 6

ENVIRONMENTAL FACTORS, PERSONAL FACTORS

Question 7

PERSONAL FACTORS (7)

Answer 7

Initiative
Proactive
Problem Solver
Perseverance
A Planner
Persuasion
Risk-taker

Question 8

Environmental factors (6)

Answer 8

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

Question 9

which means he can classify opportunities and seize it.

Answer 9

Proactive

Question 10

which means he can retain good relations with other people

Answer 10

Problem Solver

Question 11

Doing things before even told

Answer 11

Initiative

Question 12

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

Answer 12

Perseverance

Question 13

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

Answer 13

Persuasion

Question 14

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

Answer 14

A Planner

Question 15

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

Answer 15

Risk-taker

Question 16

Common Competencies in Entrepreneurship (7)

Answer 16

Decisive
Leader
Communicator
Opportunity seeker
Proactive
Risk-taker
Innovative

Question 17

an entrepreneur must be firm in making decisions.

Answer 17

Decisive

Question 18

an entrepreneur must have a convincing power.

Answer 18

Communicator

Question 19

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

Answer 19

Leader

Question 20

an entrepreneur must have the ability to be the first to see business chances

Answer 20

Opportunity seeker

Question 21

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

Answer 21

Proactive

Question 22

an entrepreneur has the courage to pursue business ideas.

Answer 22

Risk Taker

Question 23

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

Answer 23

Innovative

Question 24

Core Competencies in Entrepreneurship (4)

Answer 24

Economic and Dynamic Activity
Innovative
Profit Potential
Risk bearing

Question 25

Entrepreneurship is an ________ 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.

Answer 25

economic activity

Question 26

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

Answer 26

Innovative

Question 27

The entrepreneur can be compensated by his prof t coming from the operation

Answer 27

Profit Potential

Question 28

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

Answer 28

Risk bearing

Question 29

Types of Entrepreneurs(5)

Answer 29

Innovative Entrepreneurs Imitating Entrepreneurs Fabian Entrepreneurs Drone Entrepreneurs Social Entrepreneurs

Question 30

They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical idea

Answer 30

Innovative Entrepreneurs

Question 31

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

Answer 31

Imitating Entrepreneurs

Question 32

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

Answer 32

Fabian Entrepreneurs

Question 33

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

Answer 33

Drone Entrepreneurs

Question 34

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.

Answer 34

Social Entrepreneurs

Question 35

Social Entrepreneurs are those who initiate changes and drive social innovation and transformation in the various fields such as ___ (5)

Answer 35

education, health, human rights, environment and enterprise development.

Question 36

Career Opportunities of Entrepreneurship (5)

Answer 36

Business Consultant Teacher Researcher Sales Business Reporter

Question 37

with the expertise of in the field of entrepreneurship, he can be a very good source of advices to other entrepreneurs and would be business men.

Answer 37

Business Consultant

Question 38

a graduate of an entrepreneurship can use his knowledge in teaching

Answer 38

Teacher

Question 39

the entrepreneur can be employed as a ____ by an enterprise

Answer 39

researcher

Question 40

the entrepreneurship graduate can apply as a salesman

Answer 40

Sales

Question 41

the entrepreneur being expert in the f eld, can be employed as a _______

Answer 41

business reporter