An entrepreneur perceives entrepreneurship as the mere opening and managing of a small business.

• True

• False

Possessing the common competencies needed in entrepreneurship will assure a person of becoming a successful entrepreneur.

• True

• False

Having a degree in entrepreneurship will assure a person that his/her business endeavor will succeed.

• True

• False

The word entrepreneur was derived from a French word "entreprendre" which means to undertake.

• True

• False

Entrepreneurs are willing to take the risks and generate unique ideas that can provide profitable solutions to the needs of the market and the society.

• True

• False

An entrepreneur who can classify opportunities and seize it is __________________.

• a planner

• a risk taker

• proactive

• persuasive

Below are the environmental factors that affect entrepreneurship EXCEPT

• Climate

• Personality

• Social conditions

• Legal system

It is a personality factor which means "doing things even before being told".

• Proactive

• Persuasive

• Initiative

• Problem Solver

Entrepreneurs who always make new things by thinking new ideas and have the ability to think newer, better, and more economical ideas.

• Fabian Entrepreneurs

• Innovative Entrepreneurs

• Imitating Entrepreneurs

• Drone Entrepreneurs

Which of the statements below is true?

• Entrepreneurs have limited career opportunities

• Entrepreneurs are prone to constant high income

• Entrepreneurs are the reason for the unemployment problem

• Entrepreneurs are contributors to the development of the society