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
When an entrepreneur prioritizes customer needs over their original product idea, they are practicing:
Answer: Customer-centricity
Customer-centricity means making decisions based on what genuinely solves customer problems rather than attachment to your original concept.
Which trait helps entrepreneurs make quick decisions with incomplete information?
Answer: Decisiveness under uncertainty
Entrepreneurs rarely have perfect information and must make timely decisions based on available data and intuition.
An entrepreneur who seeks out mentors and industry experts to accelerate their learning is demonstrating:
Answer: Continuous learning orientation
Continuous learning orientation means proactively seeking knowledge and experience to grow as a leader and operator.
Which characteristic helps entrepreneurs maintain team morale during difficult business periods?
Answer: Emotional intelligence
Emotional intelligence allows leaders to understand and manage their own emotions and empathize with their team during hardship.
A founder who pivots their business model after market data contradicts their assumptions is showing:
Answer: Strategic flexibility
Strategic flexibility means being willing to change direction when evidence shows the current path won't lead to success.
Which characteristic is most associated with entrepreneurs who successfully scale their businesses?
Answer: Delegation and trust in others
Scaling requires trusting others to handle tasks, which means effective delegation and building capable teams.
An entrepreneur who sets stretch goals slightly beyond current capabilities is leveraging which motivational principle?
Answer: Optimal challenge theory
Optimal challenge theory suggests goals just beyond current reach maximize motivation and performance improvement.