ENTREP QUIZ1

What term refers to create new business through economic and innovative activities to turn new ideas to breakthrough solutions?

• A.Entreprenuership  

• B. Entreprendre  

• C. Business Process Enterprise

• D. Entrepreneurship

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

• A.Entrepreneurial mind frame

• B. Entrepreneurial heart flame

• C.Entrepreneurial gut game

• D.Entrepreneurial heart frame

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

• A. Entrepreneurial mind frame

• B. Entrepreneurial heart flame

• c. Entrepreneurial gut game

• d .Entrepreneurial heart frame

4.  They are the ones who pay cash in exchange for your goods and services.

• A. Buyers

• B. Sellers

• C. Competitors

• D. Suppliers

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

• A. Diversity of rivals

• B. Number of competing firm

• C. Characteristics of the products or services

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

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

• A. Changes in the environment

• B. People’s Interest

• C. Technological discovery

• D. Past experiences

7.  Societal environment includes the following, except:

• A. Economic forces

• B. Political forces

• C. Sociocultural forces

• D. Natural resources

8.  Which of the following terms is the process/act of introducing new ideas, devices, or methods to an organization?

• A. Innovation

• B. Invention  

• C. Technology

• D. Modernization

9.  A source of entrepreneurial idea where expertise and skills developed by a person from its previous work can lead to the opening of a related business enterprise.

• A. Government’s thrust, programs, and policies

• B. Past experiences

• C. People’s interests

• D. Technological discovery and advancement

10. 10. AN ENTREPRENEUR MEANS

• A. Risk Taker

• B. To undertake

• C. To research

• D. To improve standard living