,ASSESSMENT 1
“Entrepreneurs know who or what their target market is; its demands and needs; and how to
meet these needs profitably.” To which one of the following management skills does this
statement refer?
a.
Insight into expenditure, income, profit and loss
b.
Market orientation
c.
Planning an enterprise
d.
Customer service
Question 2
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Formal planning and drawing up a business plan are desirable activities because they enable
the entrepreneur to .
a) identify problems early on
b) avoid stress, as all important factors were considered
c) take decisions for the future
,d) test ideas
a.
a; b; c; d
b.
a; c; d
c.
b; d
d.
a; d
Question 3
Complete
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“Entrepreneurs dedicate their skills, expertise, and resources to establishing and building the
enterprise.” To which one of the following personal characteristics does this statement refer?
a.
Perseverance
, b.
Positive attitude and approach
c.
Commitment to the enterprise
d.
Involvement in the enterprise
Question 4
Complete
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Question text
To which one of the following personal characteristics does this statement refer:
“Entrepreneurs have confidence in themselves and their enterprise and carry on in spite of
setbacks.”
a.
Involvement in the enterprise
b.
Perseverance
“Entrepreneurs know who or what their target market is; its demands and needs; and how to
meet these needs profitably.” To which one of the following management skills does this
statement refer?
a.
Insight into expenditure, income, profit and loss
b.
Market orientation
c.
Planning an enterprise
d.
Customer service
Question 2
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Formal planning and drawing up a business plan are desirable activities because they enable
the entrepreneur to .
a) identify problems early on
b) avoid stress, as all important factors were considered
c) take decisions for the future
,d) test ideas
a.
a; b; c; d
b.
a; c; d
c.
b; d
d.
a; d
Question 3
Complete
Mark 1.00 out of 1.00
Flag question
Question text
“Entrepreneurs dedicate their skills, expertise, and resources to establishing and building the
enterprise.” To which one of the following personal characteristics does this statement refer?
a.
Perseverance
, b.
Positive attitude and approach
c.
Commitment to the enterprise
d.
Involvement in the enterprise
Question 4
Complete
Mark 1.00 out of 1.00
Flag question
Question text
To which one of the following personal characteristics does this statement refer:
“Entrepreneurs have confidence in themselves and their enterprise and carry on in spite of
setbacks.”
a.
Involvement in the enterprise
b.
Perseverance
