Entrepreneurship Q1 Exam

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

Entrepreneurs are innovative opportunity seekers that has an endless curiosity to discover new ideas.

• True

• Businessman

• All of the choices

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

The difference of entrepreneurs from an ordinary businessman is that a businessman just want to earn profits while the entrepreneur focuses on the innovation for the benefit of the society.

• True

• Entrepreneur

• Business Owners

• All of the choices

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

The ability of the entrepreneur to sense without using the five senses is called entrepreneurial mind frame

• True

• Entrepreneurial Gut Game

• Entrepreneurial Heart Flame

• None of the choices

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

The Political Environment deals with the supply and demand forces of Macro Environmental Sources of Opportunities

• True

• Economic Environment

• Soco-demographic Environment

• Ecological Environment

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

SPEET means, Socio-Cultural, Policies, Economic, Ecological and Technological

• True

• Political

• People

• None of the choices

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

Any expenses incurred before the grand launching of the business are called Pre-Operating Cost

• True

• Preparation Expenses

• Investment

• None of the choices

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

Cash, Accounts Payable and Inventories are three Working Capital Accounts

• True

• Accounts Receivable

• Accounts Received

• None of the choices

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

Income is a contributing factor in determining an consumer’s purchasing power or buying power

• True

• Labor

• Work

• None of the choices

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

“Langhap Sarap” is one of Jolibee’s slogan for their products

• True

• "Bida ang Saya"

• Love Ko "To

• All of the choices

Choose True if the underlined word/s in the sentence is correct and select the correct answer if it is wrong.

There are only six (6) basic question in Market Research

• True

• 7

• 8

• None of the choices