Entrepreneurship Quiz

What is one characteristic of an entrepreneur?

• Ignores customer needs

• Avoids challenges

• Takes calculated risks

• Easily gives up

What does 'PECS' stand for?

• Professional Entrepreneurial Characteristics

• Professional Economic Competency Standards

• Personal Entrepreneurial Competencies

• Personal Economic Competency Skills

What is a key trait of successful entrepreneurs?

• Ignoring market trends

• Avoiding risks

• Lack of persistence

• Commitment to work contract

What does an entrepreneur do when faced with obstacles?

• Persists and finds solutions

• Gives up easily

• Ignores the problem

• Seeks help from others

What is the importance of family support for an entrepreneur?

• It creates more stress

• It helps in coping with difficulties

• It limits decision-making

• It is not important

What does 'SWOT' analysis stand for?

• Strengths, Weaknesses, Opportunities, Threats

• Skills, Work, Objectives, Targets

• Strengths, Work, Options, Tactics

• Skills, Weaknesses, Opportunities, Trends

What is a lifestyle benefit of being an entrepreneur?

• Dependence on others

• Fixed working hours

• Flexibility of time

• Limited decision-making

What is a common trait of entrepreneurs regarding customer satisfaction?

• They avoid customer interaction

• They focus only on profits

• They do their best to satisfy customers

• They ignore customer feedback

What is meant by 'risk-taking' in entrepreneurship?

• Avoiding challenges

• Taking uncalculated risks

• Making informed decisions about risks

• Ignoring potential threats

What is a key component of systematic planning?

• Relying solely on intuition

• Random decision-making

• Logical, step-by-step plans

• Ignoring market research