This document provides information about personal entrepreneurial characteristics. It lists 10 characteristics of successful entrepreneurs in Column A and their definitions in Column B. It then provides a scenario about Mrs. Gina Magno opening a retail business and poses 5 multiple choice questions to identify the entrepreneurial characteristics she should possess. The questions cover dealing with customer complaints, ensuring a profitable business, following advice, and having a strong will to solve problems.
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Personal Entrepreneurial Characteristics
This document provides information about personal entrepreneurial characteristics. It lists 10 characteristics of successful entrepreneurs in Column A and their definitions in Column B. It then provides a scenario about Mrs. Gina Magno opening a retail business and poses 5 multiple choice questions to identify the entrepreneurial characteristics she should possess. The questions cover dealing with customer complaints, ensuring a profitable business, following advice, and having a strong will to solve problems.
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Module 1
Personal Entrepreneurial Characteristics
Directions: Column A lists the characteristics of a successful entrepreneur. Identify from the items in Column A the correct definition of terms listed in Column B. Column A 1. Hardworking 2. Self-confident 3. Profit-Oriented 4. Goal-Oriented 5. Persistent 6. Responds to feedback 7. Willing to listen 8. Committed 9. Reliable and has integrity 10. Risk-taker Column B
A. Ability to set realistic targets.
B. Interest in money generation. C. To succeed, one must believe in one’s self. D. Working diligently and industriously. E. Being able to listen to the advice of others. F. Obtaining useful feedback and advice from others. G. Being patient and strives to achieve the goal. H. Ability to take measured or calculated risks. I. Being honest, fair and trustworthy. J. A major priority in the entrepreneur’s life. Directions: Read and study the situation that describes entrepreneurial characteristics. Then answer the following question.
Mrs. Gina Magno opens up her own retail
business. She knows that her personal entrepreneurial characteristics are insufficient to ensure a successful operationalization of a business she has in mind. Your answers to the questions below will help in developing her PECs. 1. What PECs must she possess if there are customers who complain about the quality of her product? a. Patience b. Hardworking c. Versatile d. All of the above 2. Which of the following is NOT considered as a characteristic of an entrepreneur? a. Copes with failure b. Dependent c. Persistent d. Opportunity seeker 3. If she wants to ensure a profitable business operation, what characteristic will she maintain? a. Commitment b. Goal oriented c. Futuristic or future-oriented d. Opportunity seeker 4. Mrs. Magno follows the advice of a friend to be flexible especially if she intends to open a retail business. What PECs has been demonstrated by Mrs. Magno? a. Self- confidence b. Reliable and has integrity c. Responsive to feedback d. Persistent 5. She tells Mary, her best friend that she has a strong will and does not give up to find a solution to a business problem. What PECs has been demonstrated by Mrs. Magno? a. Hard work b. Persistence c. Self-confidence d. Risk- taking A. Matching Type 1.D 6. F 2.C 7. E 3.B 8. J 4.A 9. I 5.G 10. H