Chapter 12 -Skills, Characteristics and Role of the Entreprenuer

What is the definition of 'enterprise'?

• Any attempt to start or do something new

• A large corporation with many employees

• A government initiative to support businesses

• A type of financial investment

Which of the following is an example of enterprise in personal life?

• Starting a student enterprise

• Setting up a Neighbourhood Watch scheme

• Learning a new skill, such as playing a musical instrument

• Introducing new subjects in school

What is an example of enterprise in the public service?

• Establishing a Tidy Towns committee

• Launching an online tax management facility

• Organizing a school event

• Setting up a mini company

Which characteristic is NOT typically associated with entrepreneurs?

• Innovative

• Self-confident

• Indecisive

• Proactive

What is a skill that entrepreneurs need to develop?

• Lack of communication

• Avoiding goal setting

• Inability to take risks

• Ability to manage money

What is the role of an intrapreneur?

• An entrepreneur who starts a new business

• An employee who is enterprising within an existing business

• A government official promoting enterprise

• A student learning about entrepreneurship

Which of the following is a reward of being an entrepreneur?

• Flexible working hours

• No financial risks

• Guaranteed income

• Limited decision-making power

What is a risk of starting your own business?

• Unlimited vacation time

• Minimal work hours

• Guaranteed profits

• Potential loss of invested money

Which of the following is a role of entrepreneurs in the economy?

• Lowering standards of living

• Decreasing foreign trade

• Creating jobs and wealth

• Reducing tax revenue

What is an internal source of new product ideas?

• Customer complaints

• Competitors

• Brainstorming sessions

• Market research