ENTREPRENEURSHIP ASSESSMENT NO. 1

1.    What do you call the process of developing, organizing, and running a new business to generate profit while taking on financial risk?

1.    The entrepreneurs who create new ideas are called ______________

• . a. Innovative

•  b. Imitating

• c. Fabian

• d. Drone

   

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

• proactive

• perseverance

• persuasion

•   initiative

Which of the choices is NOT part of the environmental factors?

• Political

• Weather condition

• Climate

• Family background of the manager

Which is NOT a career for an entrepreneur?

• Business consultant

• Sales

• Research and Development  

• Domestic Helper

Which of the statements below is true?

• Entrepreneurs have limited career opportunities.

• Entrepreneurs are prone to constant high income.

• Entrepreneurs are contributors to the development of the society.

• Entrepreneurs are the reasons for the unemployment problem.

Which of the following does not belong to the group?

• Skills management

• Risk taking    

• Conduct research

• Make no changes with his product

What are the two factors of Entrepreneurship?

The entrepreneur can be compensated by his profit coming from the operation.

What type of entrepreneur who is die-hard conservatives even ready to suffer the loss of business?