Answer the following: ________________________ refers to an entrepreneur‟s basic skill of being able to quickly spot and identify possible profitable business endeavors. 2) ________________________ pertains to how persevering one can despite many obstacles and failed attempts to be successful. 3) ________________________ involves an entrepreneur‟s calculation his chances of success and profits. 4) ________________________ refers to an entrepreneur‟s ability to stay positive in negative situations. 5) ________________________ involves an entrepreneur‟s ability to obtain the correct information at a proper time. 6) ________________________ refers to an entrepreneur‟s sense of security with himself. 7) ________________________ pertains to an entrepreneur‟s capability of being able to influence others. 8) ________________________ are entrepreneurs who purchase failing business to manage. 10) Capital ________________________ are smart entrepreneurs who use their experience and expertise in pooling a group financier to engage in a business.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Answer the following:

  1. ________________________ refers to an entrepreneur‟s basic skill of being able to quickly spot and identify possible profitable business endeavors.

 

2) ________________________ pertains to how persevering one can despite many obstacles and failed attempts to be successful.

 

3) ________________________ involves an entrepreneur‟s calculation his chances of success and profits.

 

 4) ________________________ refers to an entrepreneur‟s ability to stay positive in negative situations.

 

5) ________________________ involves an entrepreneur‟s ability to obtain the correct information at a proper time.

 

6) ________________________ refers to an entrepreneur‟s sense of security with himself.

 

7) ________________________ pertains to an entrepreneur‟s capability of being able to influence others.

 

8) ________________________ are entrepreneurs who purchase failing business to manage.

 

10) Capital ________________________ are smart entrepreneurs who use their experience and expertise in pooling a group financier to engage in a business.

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