Question 1

Which of the following must be compared before engaging in a business undertaking?

Accepted Answer

Personal Entrepreneurial Competencies

Answer

Practical Entrepreneurial Competencies

Answer

Professional Entrepreneurial Competencies

Answer

Positional Entrepreneurial Competencies

Question 2

Marjorie believes that she can make things happen. What PEC has been demonstrated by Marjorie?

Accepted Answer

Self-confidence

Answer

Information Seeking

Answer

Persuasion and Networking

Answer

Opportunity-Seeking

Question 3

Which of the following statements strengthens your self-confidence?

Accepted Answer

Always demonstrate a positive attitude to achieve the desired goal.

Answer

Always exercise an assertive style in your work environment.

Answer

Always observe business ethics in putting up a business.

Answer

Avoid being too passive and too aggressive.

Question 4

Which of the following statements describes a committed entrepreneur?

Accepted Answer

Always exercise an assertive style in your work environment.

Answer

Avoid being too passive and too aggressive.

Answer

Always observe business ethics in putting up a business.

Answer

Always demonstrate a positive attitude to achieve the desired goal.

Question 5

How to become a future-oriented entrepreneur?

Accepted Answer

Prioritize your business goal rather than a personal goal to become a successful entrepreneur.

Answer

React positively to criticisms and be open to feedback.

Answer

Be responsible for everything you do in your business.

Answer

Acquire specific skills for creating and maintaining a conducive work environment.

Question 6

Jane does not give up easily when confronted with obstacles. What PEC has been demonstrated by Jane?

Accepted Answer

Persistence

Answer

Information seeking

Answer

Opportunity seeking

Answer

Goal-setting

Question 7

Justine prefers tasks that provide him with some challenges. What PEC has been demonstrated by Justine?

Accepted Answer

Risk-taking

Answer

Persistence

Answer

Demand for efficiency and quality

Answer

Systematic planning and monitoring

Question 8

The following are examples of being responsible except one.

Accepted Answer

Don’t take advantage of others

Answer

Think before you act

Answer

Be accountable for your choice

Answer

Be self-disciplined

Question 9

Successful entrepreneurs can think quickly and make wise decisions towards a pre- determined set of objectives.

Accepted Answer

Sound decision maker

Answer

Wise

Answer

Determined

Answer

Trouble maker

Question 10

When you own a business, you should cope with and thrive on changes. Capitalize on positive changes to make your business grow.

Accepted Answer

Ability to accept change

Answer

Sound decision maker

Answer

Easy-going

Answer

Excellent Planner

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