Basic Entrepreneurship 1st Quarter Long Test

What quality of entrepreneur is shown when he commits to do a job, and does not stop until the project is successfully finished?

• A. Career oriented

• B. Committed to work

• C. Communicates well

• D. Confident

What quality of an entrepreneur is present when he takes full responsibility for getting things done?

• A. Accountable

• B. Committed to work

• C. Goal-oriented

• D. Optimistic

What quality does a person show when they seek feedback and evaluation on their performance in running a business?

• A. Open-minded

• B. Optimistic

• C. Persistent

• D. Risk Taker

What characteristic is evident when evaluating a person's ethical behavior?

• A. Disrespectful

• B. Having a bad attitude

• C. Observe moral values

• D. Only kind to those who are kind to him/her only

How do you describe "peer influence"?

• A. No proper decisions in life

• B. Strong and unaffected beliefs

• C. Depends on the decision of his/her family members

• D. Affected by the influence of his/her friends and colleagues

What term is used to describe a person who reflects on or recalls their past experiences and applies the lessons learned from them?

• A. Life experiences

• B. Family values

• C. Peer influence

• D. Personal values

Which of the following is an example of a service-oriented business operation?

• A. School

• B. Grocery Store

• C. Gasoline Station

• D. Furniture shop

What form of business is owned and run by one person?

• A. Corporation

• B. Partnership

• C. Retailer

• D. Sole Proprietorship

What form of business organization is not required to be registered in SEC?

• A. Solo Proprietorship

• B. Cooperative

• C. Corporation

• D. Partnership

The owners of a business agreed that any profits, debts, and decisions related to the business are a shared responsibility. What form of business is being referred to?

• A. Cooperative

• B. Partnership

• C. Proprietor

• D. Retailer