TLE Electrical Installation 10 Review Quiz

What do PECs stand for?

• Personal Entrepreneurial Competencies

• Personal Entrepreneurship Competencies

• Professional Entrepreneurial Competencies

• Professional Entrepreneurship Competencies

Which of the following pertains to the strategic process of innovation and creation of new ventures?

• Entrepreneur

• Entrepreneurship

• Market analysis

• Environmental scanning

Mr. Joey F. Dianzon sets goals and then designs and implements step-by-step plans to realize those goals. What entrepreneurial skill does he possess?

• Sound decision maker

• Possess people skill

• Managerial skill

• Excellent planner

Ms. Rhona M. Molbog can think quickly by making wise decisions toward predetermined set objectives. What entrepreneurial skill does she possess?

• Sound decision maker

• Possess people skill

• Managerial skill

• Excellent planner

What does it mean to be future-oriented as an entrepreneur?

• Focusing only on short-term goals

• Ignoring potential risks and challenges

• Avoiding any changes or adaptations

• Planning and preparing for non-stop or long-term success

Why is it important for entrepreneurs to be able to accept change?

• Change is irrelevant to the success of a business

• Change can lead to more opportunities and growth

• Change is always negative and should be avoided

• Change is too difficult to handle for most entrepreneurs

How is being disciplined put on to the role of an entrepreneur?

• Ignoring any set routines and schedules

• Always stick to the plan and staying focused on goals

• Following strict rules and regulations without flexibility

• Being disorganized and chaotic in business operations

How does an entrepreneur strengthen his PECs?

• Prioritize your personal goal rather than your business goal

• React positively to criticisms and be open to feedback

• Being too passive and too aggressive

• Always project weak behavior

Which of the following terms may either refer to a place or a person?

• Environment

• Market

• Rent space

• Store

Which term refers to the sum or collection of a business's internal and external factors?

• Environment

• Market

• Rent space

• Store