TEC Assessment 5 Answers : TEC Question Answer Key 2021 | TEC Assessment Answers pdf | ( Long Term Orientation )

 

TEC Assessment 5 Answers

Long Term Orientation

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TEC Exam Questions and Answers:Long Term Orientation

1. Q10. A knowledgeable cook opened a South- Indian Restaurant in Chennai. But the business was not running smoothly and later on he had to close it. What went wrong?

A) He did not have technical knowledge 
B) They were too many competitors and he was not creative in the menu to attract customers.
C) Both A and B 
D) Neither is correct.

ANSWER= (C) Both A and B 

 

2. What are the characteristics or traits of a successful entrepreneur? Select the best option.

A) Risk – Taker.
B) Goal – Oriented 
C) Thrive on uncertainty.
D) All of the above.

ANSWER= (D) All of the above.

 

3. Entrepreneurs don’t let uncertainty and potential failure stop them from doing what needs to be done. Which trait is being discussed here?

A) Communication Skills 
B) Strong Technical Knowledge
C) Creativity
D) Risk- Taker.

ANSWER= (D) Risk- Taker.

 

4. A successful tailor wanted to try something new. So, he opened a street food restaurant in his area. But his restaurant did not run properly and eventually he had to close it down. Why? Please select the best option.

A) He was not a risk taker 
B) He was not a goal-oriented. 
C) He did not have prior knowledge of how to run a restaurant.
D) None of the above.

ANSWER= (C) He did not have prior knowledge of how to run a restaurant.

 

Read More : TEC Assessment 6 Answers : TEC Question Answer Key 2021 | TEC Assessment Answers pdf | ( Recording Business Transactions ) 

5.  Why is it important to have prior knowledge or relatable expertise to become a successful entrepreneur?

A) Prior knowledge contributes to expectation formation 
B) Helps to make decisions like whether to invest in the idea or not.
C) Prior knowledge does not help much, it is not required to become a successful entrepreneur. 
D) Both A and B

ANSWER= (D) Both A and B

 

6. Entrepreneurs are always looking for new ways of doing things and how they can make them better. Which trait is being discussed here?

A) Optimistic Nature 
B) Consistency 
C) Creativity 
D) Commitment 

ANSWER= (C) Creativity 

 

7. Q4. Entrepreneurs effectively sell their product or service to clients and customers. Which trait is being discussed here?

A) Optimistic Nature
B) Goal Oriented
C) Communication Skills
D) Creativity

ANSWER= (C) Communication Skills

Read More : TEC Assessment 7 Answers : TEC Question Answer Key 2021 | TEC Assessment Answers pdf | ( Basic Financial Terms ) 

 

8. What is not a characteristics/trait of a successful entrepreneur? 

A) Good communication skills 
B) To have strong technical knowledge 
C) Quits halfway when the situation becomes difficult. 
D) Solves a problem with a unique and creative solution.

ANSWER= (C) Quits halfway when the situation becomes difficult. 

 

9.  ___________ is the ability to evaluate, assimilate and exploit knowledge.

A) Additive Capacity
B) Assimilative Capacity
C) Absorptive Capacity
D) Attritive Capacity 

ANSWER= (B) Assimilative Capacity

 

10. Absorptive Capacity comes from prior, related knowledge to be able to make sense of, recognize the value of, and use new information.

A) TRUE
B) FALSE

ANSWER= (A) TRUE

All TEC Final Exam Answer Key 2021

• TEC Assessment 1 Answers -   Click Here

• TEC Assessment 2 Answers -   Click Here

• TEC Assessment 3 Answers -   Click Here

• TEC Assessment 4 Answers -   Click Here

• TEC Assessment 5 Answers -   Click Here

• TEC Assessment 6 Answers -   Click Here

• TEC Assessment 7 Answers -   Click Here

• TEC Assessment 8 Answers -   Click Here

• TEC Assessment 9 Answers -   Click Here

• TEC Assessment 10 Answers - Click Here

• FINAL Assessment Answers -  Click Here

• TEC Assessment Answers pdf- Click Here

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