Entrepreneurship Quiz

Which of the following is NOT a characteristic of a distinguished entrepreneur?

• Diligent and persevering

• Able to accept defeat

• Always relies on others

• Creative in product development

A good entrepreneur has the ability to __________.

• spend without a plan

• make quick and correct decisions

• always follow trends

• stock unsold products

Who among the following can be considered a successful Filipino entrepreneur?

• A person who only shops at the market

• A business owner who helps the community

• A worker who only relies on salary

• A student making a project

What is the main difference between a seller and a buyer?

• The seller buys, the buyer sells

• The seller produces the product, the buyer consumes it

• Both are not part of the transaction

• Both do not benefit from the transaction

Why is selling products important?

• To utilize all materials

• To earn and meet the needs of others

• Just to have fun

• To make the product popular

The following are 'how' of selling, EXCEPT:

• Introducing the product

• Planning the income

• Offering in the right way

• Identifying why the product is needed

The 'why' of selling refers to:

• Time of selling

• Place where the product will be sold

• Reason why there is a need for the product

• Method of packaging the product

What characteristic should an entrepreneur possess to maintain the trust of consumers?

• Arrogant

• Honest

• Inconsistent

• Quiet

What is the use of ICT in business?

• Just for leisure

• Only for gaming

• To facilitate communication and promotion of products

• To replace workers

Which of the following shows creativity in business?

• Copying other products

• Selling the same product every day

• Inventing a new product to solve consumer problems

• Avoiding the use of social media