Entrepreneurship lesson 3

What is one of the personality traits of an entrepreneur according to Lambing and Khuel?

• Excitement

• Fear

• Indifference

• Sadness

What does an entrepreneur see mistakes as, according to the text?

• Reason to give up

• Sign of incompetence

• Excuse for failure

• Opportunity for growth

What is the ability to discern and act on what is needed without being told called?

• Indecisiveness

• Complacency

• Initiative

• Procrastination

Which cluster of personal entrepreneurial characteristics involves the desire to attain, accomplish, or obtain a goal?

• None of the above

• Power Cluster

• Achievement Cluster

• Planning Cluster

What is the ability to lead, convince, and rally people behind the business or a cause called?

• Persuasiveness

• Networking

• Self-confidence

• All of the above

What is the resistance to vagueness or looseness called?

• Flexibility

• Tolerance for ambiguity

• Rigidity

• Inflexibility

What is the belief in one's self and capabilities called?

• Self-doubt

• Self-deprecation

• Insecurity

• Self-determination

What is the idea of doing something unique or never been done before called?

• Conformity

• Innovation

• Conservatism

• Tradition

What is the need for achievement, desire for independence, and to gain control in one's fate called?

• None of the above

• Neutral Factors

• Demotivating Factors

• Motivating Factors

What is the ability to relate the business to its larger environment called?

• Big-picture thinking

• Narrow-mindedness

• Short-sightedness

• Limited perspective