DECA ENT SERIES PERFORMANCE INDICATORS () EXAM QUESTIONS AND CORRECT ANSWERS

DECA ENT SERIES PERFORMANCE INDICATOR
EXAM QUESTIONS AND CORRECT ANS




Describe cthe cnature cof centrepreneurship c- cCORRECT cANS✔✔- cDevelopment c& cmanagement
crisks cwith cthe cintention cof cmaking ca cprofit
- cFive csteps: cDetermining ca cneed, cExamining cRisks/Reward, cCollecting cAssets/Resources, cAtt
cliquidity c[DECAE]


Explain cthe crole crequirements cof centrepreneurs c& cowners c- cCORRECT cANS✔✔- cEntrepreneu
cnew cbusiness cventure
- cMarket cresearch
- cAdaptable
- cGood cleadership
- cCommunication
- cImprove ceconomy c+ cstandard cof cliving
- cIdentify cbusiness copportunities

Describe cthe cuse cof cbusiness cethics cin centrepreneurship c- cCORRECT cANS✔✔- cMoral cprincip
cgovern cthe cway ccompanies c& cindividuals cengage cin cbusiness cactivity
- cProvides cframework cfor cgood cdecision-making, cmaintaining ca cpositive creputation, cand censure
- cTypically cbeyond clegal crequirements
- cDrives cemployee cbehaviour cat call clevels
- cTrust c& creputation, cemployee cmorale/retention, ccompetitive cadvantage, clong-term csuccess c[T
- cBusiness cpractices, cadvertising c& cmarketing, ccustomer crelations, cworkplace cpractices, ccorpor

Describe csmall-business copportunities cin cinternational ctrade c- cCORRECT cANS✔✔- cIncreased c
- cLess ccompetition
- cBetter c[market] crisk cmanagement cthrough cdiversity
- cDisposal cof csurplus cgoods
- cFeasibility cwith cuse cof cInternet
- cFlexible
- cBetter/broader creputation

Explain cthe cneed cfor centrepreneurial cdiscovery c- cCORRECT cANS✔✔5 cI's:
- cInnovation
- cIncreased cmarket ccompetition

- cInspires cinnovation