entrepreneur

1. It is the process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm.

• A.Opportunity seeking

• B.Opportunity seizing

• C. Opportunity screening

• D. Sources of opportunity

2. This is essential to opportunity seeking which allows the entrepreneur to see things in a positive and optimistic light in the midst of crisis or difficult situations.

• A.Entrepreneurial mind frame

• B. Entrepreneurial gut game

• C. Entrepreneurial heart flame

• D. Entrepreneurial heart frame

3. It is the ability of entrepreneur that can sense without using the five senses, also known as intuition.

• A.Entrepreneurial mind frame

• B. Entrepreneurial gut game

• C. Entrepreneurial heart flame

• D. Entrepreneurial heart frame

4. One of the essentials of entrepreneur’s opportunity seeking that refers to the driven passion of an individual.

• A. Entrepreneurial mind frame

• B. Entrepreneurial gut game

• C. Entrepreneurial heart flame

• D. Entrepreneurial heart frame

5. What variable of societal environment includes income level and employment rate?

• A. Economic forces

• B. Sociocultural forces

• C. Political forces

• D. Technological forces

6. They are the one that pays cash in exchange to your goods and services.

• A. Buyers

• B. Competitors

• C. Sellers

• D. Suppliers

7. The intensity of rivalry among existing firms is characterized to the following factors except one:

• A.Diversity of rivals.

• B. Number of competing firms.

• C. Characteristics of the products or services.

• D. The product represents a high percentage of the buyer’s cost.

8. The following are the forces competing within the industry except one:

• A. Potential new entrants and Substitute Products

• B. Buyers and Suppliers

• C. Rivalry among existing firms

• D. Needs and Wants

9.Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and preferences of people.

• A. Changes in the environment

• B. Technological discovery

• C. People’s interest

• D. Past experiences

10. Societal environment includes the following, except:

• A. Economic forces

• B. Sociocultural forces

• C. Political forces

• D. Natural resources