Module 2_Pre Test

Which statement is NOT true?

• Skills are personal abilities of a person to do something well.

• Entrepreneurs must fully concentrate on the development and enhancement of cognitive skills only.

• The entrepreneurial skills necessary in the practice of entrepreneurship include cognitive, technical and interpersonal skills.

• Harmoniously combining entrepreneurial concepts and principles, entrepreneurial character traits and entrepreneurial skills defines the competency in entrepreneurship.

Which statement is TRUE?

• A person is assured of becoming a successful entrepreneur once he/she possesses all the character traits common to successful entrepreneurs.

• A highly committed entrepreneur displays full commitment to the work or endeavor that he/she is undertaking.

• An entrepreneur is a risk-taker that takes the risk in all instances without considering the consequences.

• Successful entrepreneurs sail through their journey without goals and objectives.

Which statement is TRUE?

• A person who is efficient produces more products using more production input.

• As an information-seeker, an entrepreneur uses verified data in making economic decisions.

• A quality-oriented entrepreneur produces goods that are of high quality based on his/her perception.

• A persistent entrepreneur immediately quits from the business venture after experiencing failure.

Which statement is NOT true about entrepreneur? I. Fully dependent on the employer`s performance. II. Comfortable in doing multiple and challenging tasks. III. Income only earned when the business is successful. IV. Prepares policies, procedures and memoranda for the business.

• I only

• II only

• III only

• IV only

Which statement is NOT advantage of an employee?

• He/she is usually comfortable with routines and minimal risks.

• He/she is earned whether the business is successful or unsuccessful.

• He/she is fully responsible for serving customers, making the business profitable/sustainable and providing employee satisfaction.

• He/she is taxed on the gross income. Expenses incurred related to the job such as food and transportation expenses cannot be used to claim for deductions from taxable income.

Which statement is NOT true about efficient and quality-oriented?

• He/ She continuously improves on his/her past performance.

• He/ She strives to do the things better and faster with minimal cost.

• He/ She find other ways to make sure that the desired information is complete.

• He/ She performs the required tasks in accordance with existing standards of excellence.

Which character traits is NOT supporting the character traits in the planning cluster?

• goal-setter

• information-seeker

• self-confident

• systematic in planning and monitoring

Which interpersonal skills EXCEPT of an entrepreneur may include among others?

• skills in listening

• skills in negotiating

• skills in verbal communication

• skills in information technology

Which entrepreneurial self-test questions assess yourself as a risk taker? I. Do you take chances? II. Do you view failures as a challenge in your journey? III. Do you consider quitting or surrendering as the final recourse? IV. Do you evaluate thoroughly the pros and cons of an endeavor before engaging in it?

• I and II

• II and III

• III and IV

• IV and I

Which skills refer to the set of cognitive, technical and interpersonal skills?

• entrepreneurial skills

• marketing skills

• problem-solving skills

• technical writing skills