1. C. Systematic Planning
A successful entrepreneur always finds ways to do things faster or with fewer resources or at a lower cost
2. B. Problem Solving
An entrepreneur develops and uses logical, step-by-step plans to reach goals
3. D. Information Seekin
An entrepreneur can take action on how to seek information to help achieve business objectives or clarify business problems
4. B. Persuasion
The entrepreneur should be able to take actions that go beyond his/her job requirements and act faster
5. C. Persistence
An entrepreneur can make repeated efforts or take different actions to overcome an obstacle that gets in the way of reaching goals.
6. D. Efficiency Orientation
An entrepreneur acts to do things that meet certain standards of excellence which gives him/her greater satisfaction.
7. A. Entrepreneurial Competencies
It refers to the key characteristics that should be possessed by successful entrepreneurs to perform entrepreneurial functions effectively.
8. A. Needs
Are things that are desirable or of interest and are not necessary for survival.
9. B. Wants
Are defined as goods or services that are required for health and safety.
10. D. Product
It is anything that can be offered to a market that might satisfy a want or need and is received in exchange for money or other units of value.
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