ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
An internal locus of control is an entrepreneurial trait, whereas an external locus of control is not.
|
|
|
An internal locus of control does not involve self-reliance, whereas an external locus of control does.
|
|
|
An internal locus of control involves personal responsibility, whereas an external locus of control does not.
|
|
|
An internal locus of control is not applicable in market niches, whereas an external locus of control is.
|
Detailed explanation-1: -14. In the context of entrepreneurs, which of the following statements is a difference between an internal locus of control and an external locus of control? An internal locus of control involves personal responsibility, whereas an external locus of control does not.
Detailed explanation-2: -When applied to entrepreneurs, those with an external locus might believe that their survival or success chances are determined by market and institutional forces they cannot control. Conversely, entrepreneurs with an internal locus of control believe that success is determined by his or her own efforts and abilities.
Detailed explanation-3: -Entrepreneurs have an internal locus of control, which means they believe that they control their own destinies. You won’t find entrepreneurs blaming others or outside events for their successes or failures-they own it all.