Entrepreneurs modernize products, services, or technology. These changes are important for the business to thrive and do not get left behind.

Which of the following best describes this role of an entrepreneur?

• Creates Employment

• Develops new markets

• Introduces innovation

• Improves the quality of life

New products are bent and services are improved when entrepreneurs do something for the nation. What does the society benefit from it?

• Improves the quality of life

• Price of the products will go lower

• Entrepreneurs will get more profit

• The taxes will be higher

An entrepreneur hungers for ideas to better his/her craft. He/She is committed to achieving his/her goal. Which of the following best describes this attribute of an entrepreneur?

• Passion

• Self-confidence

• Willing to learn

• Self-reliant

An entrepreneur is open to criticisms and suggestions as well as open to doors of new ideas. Which of the following best describes this attribute of an entrepreneur?

• Passion

• Self-confidence

• Willing to learn

• Self-reliant

What skill of an entrepreneur is needed to handle the pressure of an entrepreneur’s busy lifestyles and the ability to manage time well and to take care of personal business efficiently?

• Leadership Skills

• Personal Effectiveness

• Marketing Skills

• Interpersonal Skills

A great entrepreneur is great at governing the people, serve as a role model in the organization and develops vision and goals of the company.

Which of the following skills is needed for an entrepreneur?

• Leadership Skills

• Team Building Skills

• Interpersonal Skills

• Communication Skills

When dealing with competition, what is the best way for an entrepreneur to strive in the industry?

• Strive to better his products or service

• Open another business with a new product

• Lower your price half of what your competitor is selling

• Give bad reviews on your competitor’s products

A challenge for an entrepreneur to highly expect an easy success during the process.

• Finding Good Customers

• Assembling a Business Team

• Overestimating

• Finding Good Employees

Entrepreneurs find places where their products are sold and at the same time look for other people who will be attracted to open for opportunities to engage in the commerce.

Which of the following best describes this role of an entrepreneur?

• Creates employment

• Develops new markets

• Introduces innovation

• Improves the quality of life

Having knowledge on entrepreneurship saves much in terms of foreign currency as local enterprises support their OWN RESOURCES not to rely so much in using traded materials.

This means, entrepreneurs ____________________. (Choose the best answer)

• Utilizes and mobilizes indigenous resources

• Serves as role models

• Develops new markets

• Stimulates investment interest in the new business ventures being created