TLE 10 Review

Question 1

The successful entrepreneur lays out plans carefully, follows up progressreports and gets feedback to attain set goals.

Accepted Answer

Good planners

Question 2

Successful entrepreneur formula for success is 99% perspiration and 1%inspiration.

Accepted Answer

Hardworking

Question 3

This refers to the way you inform the market about your product.

Accepted Answer

Communication Strategy

Question 4

He/She knows how to plan business activities, make realistic decisions and set goals that are easy to attain.

Accepted Answer

Planning Cluster

Question 5

Entrepreneurs treat their employees with compassion and respect, and promote the welfare of their employees.

Accepted Answer

Compassionate

Question 6

You need to make a report on the breakdown of how the proposed capital will be spent.

Accepted Answer

Funding requirements

Question 7

Knows every aspect of the business

Accepted Answer

Knowledgeable

Question 8

Views setbacks/trials as a new direction and not as a failure.

Accepted Answer

Optimistic

Question 9

A good entrepreneur is able to coordinate all aspects ofrunning a business.

Accepted Answer

Managerial ability

Question 10

A good business plan/idea specifies which type of customers or market it will cater.

Accepted Answer

Target Market

Question 11

Entrepreneurs are usually people with ideas, initiative, and skills to lead and manage the business.

Accepted Answer

Power Cluster

Question 12

To be successful, the entrepreneur uses different solutions to overcome all forms of obstacles.

Accepted Answer

Persistent

Question 13

Entrepreneurs possess interpersonal skills, have wholesome attitude and character, and are honest.

Accepted Answer

Sociable

Question 14

Great ideas that cannot be implemented are useless.

Accepted Answer

Realistic

Question 15

One of the essential requirements in entrepreneurship is the capacity to look for opportunities in business.

Accepted Answer

Opportunity seeker

Question 16

He believes that in business, there is a chance of winning and losing.

Accepted Answer

Risk takers

Question 17

Entrepreneurs dedicate time and energy to a business.

Accepted Answer

Committed

Question 18

PECS means

Accepted Answer

PERSONAL ENTREPRENEURIAL COMPETENCIES

Question 19

This is needed to show whether your business is growing or not.

Accepted Answer

Financial forecast Revenues

Question 20

The price of a product must be justified according to the means and needs of the target market.

Accepted Answer

Pricing Strategy

Question 21

They are task oriented, effective planners, good organizers, and implementers.

Accepted Answer

Leadership

Question 22

This plan strategy describes how your product will be sold.

Accepted Answer

Sales Strategy

Question 23

An entrepreneur sets goals and accomplishing them.

Accepted Answer

Achiever

Question 24

One must possess the necessary will or passion to build abusiness from scratch.

Accepted Answer

Courageous

Question 25

A good location is also a very essential factor in boosting business profit.

Accepted Answer

True

TLE 10 Review

Questions 25

TLE 10 Review

Questions 25