1.2 Important Enterprise Skills

Question 1

What is meant by 'thinking creatively'?

Accepted Answer

where individuals come up with new approaches to business, process by which individuals come up with new ideas

Question 2

What is the official name for someone showing enterprise?

Accepted Answer

Entrepreneur

Question 3

when deciding to set up a new business...what question(s) should an entrepreneur ask?

Accepted Answer

How will I know if the business is succeeding or failing?, Do I need to obtain legal protection for the idea?

Question 4

What makes an entrepreneur?

Accepted Answer

Being an effective planner, Thinking ahead, Having drive and determination, Seeing opportunities

Question 5

what is meant by lateral thinking?

Accepted Answer

break down each step, asking why, to seek improvement

Question 6

Enterprise involves which one of the following?

Accepted Answer

A willingness to take risks

Question 7

What does showing initiative mean?

Accepted Answer

Initiative is all about taking charge.

Question 8

Which one of the following is the most likely use for a mind map by an entrepreneur?

Accepted Answer

An overview of factors to make the business more competitive

Question 9

what does 'Undertake new ventures' mean?

Accepted Answer

spot business opportunities to fill gaps in the market.

Question 10

What phrase best describes an entrepreneur?

Accepted Answer

Takes time to understand and calculate the risks involved

Questions 10