Characteristics and Traits of an Entrepreneur

Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs work until the job is done?

• Persistent

• Creative

• Self-confidence

• Inquisitive

Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs develop a plan of action and make decisions to help achieve that plan?

• Risk-takers

• Independent

• Self-confidence

• Goal-oriented

What could cause a new business to run short of cash during its first year?

• Failure to apply for a loan or grant

• Shortage of trained employees

• Failure to pay taxes for the new business

• Failure to secure proper permits and licences

Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs are accountable for their actions?

• Persistent

• Responsible

• Creative

• Innovative

Which personal characteristic of successful entrepreneurs reflects that successful entrepreneurs want to make their own decisions, set their own schedules, and can work without supervision?

• Self-confidence

• Goal-oriented

• Risk taker

• Independent

What could cause a new business to not be able to keep up with the demand for its new service?

• Failure to apply for a loan or grant

• Failure to pay taxes for the new business

• Shortage of trained employees

• Lack of a good advertising campaign

If an entrepreneur has an internal locus of control, this means that he/she _______.

• has a high need for achievement

• feels comfortable in an unstructured situation

• believes that success or failure depends on his/her own actions

• believes fate is a powerful force

Which of the following is a common entrepreneurial trait?

• Viewing changes as threatening

• A need for structured environments

• A high need for achievement

• All of the above

"If at first you do not succeed, try and try again."

This statement best describes which characteristic of successful entrepreneurs?

• Creative

• Self-confidence

• Determination

• Perserverance

_________ are the ones with emotional strength that is not easily shaken.

• Creative

• Excited

• Reliable

• Determine