After fully developing their new business idea, Holly and Trent recognize the need to develop a business plan. 112. Open Minded - A true entrepreneur must not be closed off to the ideas and opinions of others. Economics questions and answers. Finally, on completion of the course, your (5) will be sent to you by post. If you're planning on 'starting from the bottom', in the business world so to speak, then your job security is a sacrifice you need to think about making. d. a future orientation. 1. 2. George Hayling Director of Studies submitted W. ACT 3 Task 1: List down 2 title/example of the following paragraph arrangements. aversion to risk. All the following are characteristics of an entrepreneur except one? C. entrepreneurial alertness. e. self-confidence. B. prior experience. Which of the following statements is false? 2. All of the following are entrepreneurial characteristics, EXCEPT A) self-reliance. b . Risk bearer B. 19. Answer. a. control. Question 1 (1 point) All of the following are characteristics of the typical entrepreneur except OA) a future orientation B) confidence in his/her ability to succeed OC) desire for immediate feedback OD) value of money over achievement Question 2 (1 point) are company provided benefits designed to help reduce . please do not hesitate to contact me. c) entrepreneurs are motivated to act individually to accomplish challenging goals; they thrive on performance feedback. In the United States, approximately onethird of new firms fail within their first four years. economic impact impact on larger firms impact on the environment The entrepreneurial process is comprised of each of the following steps EXCEPT: deciding to become an entrepreneur. C. the organization operates on frontiers of technology. B. Test your knowledge. C) vision. 20. D) tolerance of uncertainty. Oc Resilience O d. Product/customer focus. All of the following are entrepreneurial characteristics, EXCEPT A) self-reliance. Here are 7 of those sacrifices successful entrepreneurs make: 1. All of these are entrepreneurial characteristics except: A. self- confidence. 7. All these are characteristics of an entrepreneurial environment except: A. there are short term horizons.. B. new ideas are encouraged. Examining your strength and weaknesses. 111. "I'll be taking the first step right now, and I'll be doing it for a long time.It's a good move to start a business if you can afford it, but doing so moving from an idea to an entrepreneurial firm. Using the discount c. Management skills are not important characteristics for entrepreneurs to possess. - Easy, Pages 5-Entrepreneurs are characterized by: a. skill at organizing. hierarchy. Study with Quizlet and memorize flashcards containing terms like For individuals starting a small business, writing a business plan is more work than the benefit that it usually can offer. managing and growing the entrepreneurial firm. B) willingness and desire to follow others. time. C) action-oriented. C) vision. Question: All of the following are characteristics shared by those who excel at Recognizing opportunities EXCEPT: A. brainstorming. The only way you gain job security in the first place is by dedicating the majority of your time each day. b. desire for immediate feedback. All of the following are characteristics of an entrepreneurial personality EXCEPT A. the willingness to take risks b. creativity c. Problem solving skills d. A high energy level e. The willingness to be a follower rather than a leader. B) aversion to risk. The characteristics and traits of an entrepreneur. Your Answer: True . The entrepreneurial process is comprised of each of the following steps EXCEPT: Your Answer: inventing a new product or process. All of the following are characteristic of entrepreneurial culturesexcept:a. action orientation b. hierarchyc. D. social contacts and ties with others. I have a tendency to be too self-focused, to not want to take on the responsibilities that come with being a startup founder. According to the Harvard Business Review, the following are the 5 common traits of the successful entrepreneur EXCEPT: Attention to detail. As someone who works at a tech startup, I'm always trying to avoid taking myself too seriously. The need to achieve can be a source of stress for entrepreneurs. 132) Entrepreneurs share all the following characteristics except a) entrepreneurs believe that they control their own destiny; they are self-directing and like autonomy. Confident entrepreneurs have the I can do mentality; they don't wait for things to make happen. E. The first step in starting your own business is: 105. The profile of an entrepreneur includes ________. A. 106. Process 1. Answer A. brainstorming. Which of the following is not true with respect to the critical factors that must be addressed when planning a business? It helps in improving the level of success because it increases self-esteem. All these are characteristics of an entrepreneurial environment except: there is short term horizons. Updated 46 days ago . 4. Transcribed image text: QUESTION 6 Not yet answered Marked out of 10 All of the following are characteristics shared by successful entrepreneurs EXCEPT: P Flag question Select one: O a Passion b. Tenacity despite failure. C. Examining work experience and relating it to potential. All the above. b. take . 1. All the best, and do share the quiz with other entrepreneurs! All of the following are characteristics of an entrepreneurial personality EXCEPT: Select one: o the willingness to take risks O creativity O problem solving skills a high energy level the willingness to be a follower rather than a leader. b. trouble fitting in. D) self-disciplined. It is concerned with how a person feels about his ability, idea, and execution. e Risk-averse. a desire for responsibility and moderate risk. This paper focuses on the impact of the "Digital Economy" on rural entrepreneurship. Samuel Rohrer is providing consumers with a new, unique business. 45 seconds. Decision making C. Variability D. Controls other factors; Your company has the opportunity to invest $75,000 in a new project opportunity but due to cash flow concerns, your boss wants to know when you can pay back the original investment. (10pts) A. tolerance of uncertainty. Entrepreneurial culture and growth orientation consists of all of the following . With the entrepreneurial personality, Holly can be expected to have all of the following traits except: a. an internal locus of control. the first and most critical step toward getting the company up and running. 19. If you have any further questions. Which of the following is true about corporate entrepreneurship? answer choices. A. C. Description . An entrepreneur has the following personal characteristics except: 2. the organization operates on frontiers of technology. b) entrepreneurs are risk minimizes since this is the best way to control their own destinies. Attracting talent, investors, and ________ is typical of Builders. b. Online Exam Quiz. ___________ is refer to some one who undertakes a business venture. c. desire for immediate feedback. B) willingness and desire to follow others.C) action-oriented. All of the following are entrepreneurial characteristics, EXCEPT Answer self-reliance. episodic use of required resources d. multiple informal networks. b. a desire for autonomy. All of the following are characteristics of the typical entrepreneur except: a. confidence in his/her ability to succeed. Asked 2/27/2020 6:26:05 PM. 4. Learning what you enjoy doing. Unlike previous literature, the perspective of this paper focuses on a specific industrytourismand identifies a new mediating mechanism by which the "Digital Economy" affects rural tourism entrepreneurshipthe promotion of innovation. Which is not a trait of a successful entrepreneur? Equity in a new venture should not be used as a reward due to its uncertain value An entrepreneur must be a self starter and take action to make their dreams occur. Successful entrepreneurs need to be self-confident because they must make deicsions alone, but they do not need to be creative because they can hire creative people answer choices True Economics. D) tolerance of uncertainty. Q. All of these are entrepreneurial characteristics, but they are also selfcentered. a simple process that usually takes no . True. . Cause & Effect 1. The paper further clarifies the fact that the "Rural . Motivated - This concept is similar to being disciplined; it is one thing to have a great and innovative idea, but a business plan will not take shape on its own. Entrepreneur and inventor mean essentially the same thing. vision. D. D. it uses a multidiscipline teamwork approach. not always necessary, but it is essential if the company needs to obtain external financing. All of the following are characteristics of successful entrepreneursexcept:A) tolerant of uncertainty. Q. 3. Entrepreneurial culture and growth orientation consists of all of the following except: A business plan is important for all of the following reasons EXCEPT: All of the following are suitable questions to ascertain Product/Service DesirabilityEXCEPT: Key features of a well written business plan would include all of the following except: 12. D. high energy level.E awareness of passing. All of the following are characteristics of successful entrepreneursexcept: A) tolerant of uncertainty. inventing a new product or process. c. high energy . d. patience. Self-confidence is the key entrepreneurial skill for success. Entrepreneurial culture and growth orientation consists of all of the following except: A.Entrepreneurial culture and growth orientation consists of all of the following except: :Encouraging employees to generate ideas, Focusing on opportunities.C)the process of buying acquiring entrepreneurial firms. vision. confidence in the ability to succeed and determination. B ) willingness and desire to follow others . A. All of the following are entrepreneurial characteristics, EXCEPT aversion to risk. Economics questions and answers. Answer: Letter b. hierarchy. 11. B tolerance for ambiguity.. C external locus of. All india small scale industries board is a _____ The creation of new firms is important because these new firms contribute to economic development through benefits that include all of the following except; All of the following represent countries in which the highest level of entrepreneurial activity was found except B) aversion to risk. 2. it uses a multidiscipline teamwork approach. c. a strong need to achieve. willingness and desire to follow others . Answer b. new ideas are encouraged. tolerance of uncertainty. A business classified as a Small Business is based on the "size standard" which: is . ____ 21. 20. Log in for more information. D) self-disciplined. Self-discovery which is one of the process of entrepreneurship means. a high level of energy, a desire for immediate feedback and a future orientation. new ideas are encouraged. Security. See Page 1. . b. value of money over achievement. The entrepreneurial ego can cause the entrepreneur to. 3. B. Question. 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