GEAS CHAPTER 4 3

The most important advantage of having core competencies is having this.

• A. Choosing that product or service

• B. Core competency trunk

• C. No correct answer

• D. Long-term competitive advantage

Which of these si a factor to consider before going into self- employment?

• business idea

• all of the answer correct

• legal issues

• raw materials

Coined the term core competency in 1989.

• A. Prof. Gray Hamel

• B. Dr.C.K Prahalad

• C. Both Dr.C.K Prahalad

• D. No correct answer

To succeedas an entrepreneur, you must develop the and offer the right products or services to your customers. ability to select

• A. In any market available

• B. All of the answers correct

• C. In a competitive market

• D. In the right market

An individual who works to fill job openings in businesses or organizations

• A. Everyone

• B. Graduates

• C. Recruiter

• D. Teacher

The Job of entrepreneur is not for

• A. Teacher

• B. Graduates

• C. Everyone

• D. Recruiter

Entrepreneurs have strong desire ot achieve higher goals.

• A. Need toachieve

• B. All of the answers correct

• C. An eye for opportunity

• D. Silent needs

There are those people in society whose ultimate goal is to go into business at some defined point life no matter how attractive wage employment might seem.

• A. Need to improve personal income

• B. Inability to secure a desirable job

• C. Love for adventure

• D. To fulfill a life-long ambition

The desire for status, enhanced appearance and more money are examples of this variable

• A. psychographic

• B. industrial

• C. questionnaire

• D. demographic

All of your business transactions pass through this account

• A. Cash

• B. Bookkeeping

• C. Records

• D. Inventory