Characteristics Flashcards
7 cards from real Entrepreneurship practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Characteristics flashcards as text
Which characteristic allows an entrepreneur to build trust with customers, employees, and investors?
Answer: Integrity
Integrity means being honest and consistent, which is foundational to building lasting business relationships.
A successful entrepreneur who hires people smarter than themselves in key areas is demonstrating:
Answer: Self-awareness and humility
Self-aware entrepreneurs recognize their own limits and strategically fill skill gaps with talented team members.
Entrepreneurs often exhibit a 'bias toward action.' This means they tend to:
Answer: Experiment and learn by doing
A bias toward action means preferring to try, fail fast, and learn rather than over-analyzing before moving.
Which characteristic helps entrepreneurs convince others to join their vision when resources are scarce?
Answer: Persuasion and communication skills
Strong persuasion and communication skills allow entrepreneurs to attract co-founders, employees, and investors with compelling vision.
An entrepreneur who embraces failure as a learning opportunity rather than a defeat is exhibiting:
Answer: A growth mindset
A growth mindset, coined by Carol Dweck, means viewing challenges and failures as opportunities to develop skills.
Visionary thinking in entrepreneurship primarily refers to:
Answer: The ability to imagine and articulate a future state that doesn't yet exist
Visionary entrepreneurs can picture a compelling future and motivate others to help make that vision a reality.
Which entrepreneur characteristic is most closely linked to network-building and relationship management?
Answer: Social capital orientation
Social capital orientation means actively investing in relationships that provide resources, advice, and opportunities.