Tutorial Entrepreneurship Chapter 1,2, & 3

An entrepreneur typically possesses ________.

• the ability to access capital easily

• specialized technical abilities

• a high level of commitment, tolerance of ambiguity, flexibility and tenacity

• a set of unique skills, usually accompanied by advanced degrees in several areas

Below are the strategy to develop an entrepreneurial culture, EXCEPT __________.

• having a clear direction

• seizing opportunities

• being creative and innovative

• conducting market survey

The importance of information and communication technology (ICT) to entrepreneurs is to ________.

• attract very few customers

• Enable the company to be visited without time restrictions

• Immediately get a customer to buy their product

• maximize management cost

Which of the following is representing entrepreneur’s responsibility towards its competitor?

• practice healthy competition

• Create more job opportunities

• Initiate a lots of research and development (R&D) activities

• Improve lifestyle of the society

Listed below are the approaches can be done to seek a business idea, EXCEPT:

• fulfilling needs and interests

• analyzing life problems

• observing changes in the community

• hiring new employees

One of the advantage of e-commerce is ______.

• faster and easier transaction

• customer loyalty

• having clear direction

• increase numbers of investors

To comply with the business ethics, an entrepreneur must ______.

• provide clear information to the customers

• declare the financial position of the company to the public

• hiring enough employee to maintain efficiency

• actively involve in research and development activities

There are 3 types of capital needed in the business, EXCEPT:

• permanent capital

• working capital

• plantation capital

• walking capital

Information gain from observation, experiment, interview and survey can be classified as _______.

• Primary sources

• Secondary sources

• Information transfer tools

• Information search engine

To become a successful entrepreneur, an indivodual must ______.

• hate competition

• certain with the monthly income

• become a risk taker

• discouragement