Entrepreneurial Qualities, Business Plans & Team Dynamics
Entrepreneurial Qualities, Business Plans & Team Dynamics is one of 9 topics in the Grade 11 Business Studies CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. Assessing entrepreneurial qualities in a business means:
Critically examining a real or planned business against specific qualities like risk-taking, perseverance and good management
Simply listing entrepreneurial qualities with no further analysis
Assuming every business automatically has strong entrepreneurial qualities
Ignoring whether a business is actually succeeding or struggling
Answer: Critically examining a real or planned business against specific qualities like risk-taking, perseverance and good management — Assessing entrepreneurial qualities means critically examining a business against specific qualities such as risk-taking, perseverance and good management, not just listing the qualities in the abstract.
Easy
2. Which of the following is a "key success factor" mentioned in the lesson for assessing a business venture?
Profitability
A complete absence of any risk
Avoiding all customer interaction
Never adapting to any setback
Answer: Profitability — Key success factors mentioned include sustainability, profitability, and having a solid, loyal customer base.
Medium
3. What is the term for the specific quality of continuing and adapting through genuine setbacks, rather than giving up prematurely?
Answer: Perseverance — Perseverance is the entrepreneurial quality of continuing and adapting through genuine setbacks, rather than giving up prematurely.
