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GEN 009 - 1st Periodical Exam

Total questions: 60

Worksheet time: 30mins

Name
Class
Date
1.

The entrepreneurs can work at his own pace and make decisions that are uncontested.

a)

Independence

b)

Excitement

c)

Freedom

d)

Competitiveness

2.

To be ______ is to achieve organizational goals.

a)

effective

b)

efficient

c)

innovative

d)

optimistic

3.

To be __________ is to achieve goals with minimal waste of resources.

a)

effective

b)

efficient

c)

innovative

d)

creative

4.

_______ is the process of working with people and resources to accomplish organizational goals.

a)

Entrepreneurship

b)

Management

c)

Politics

d)

Technical Skill

5.

Excitement is ________.

a)

a Tangible and Financial Reward

b)

an Intangible and Non-Financial Reward

6.

Independence is _________.

a)

a Tangible and Financial Reward

b)

an Intangible and Non-Financial Reward

7.

Which of the following is an tangible and financial reward.

a)

competitiveness

b)

income potential

c)

excitement

d)

freedom

8.

Which of the following is an tangible and financial reward?

a)

Increase wealth

b)

Independence

c)

Excitement

d)

Freedom

9.

Entrepreneurs are extreme risk-takers

a)

Fact

b)

Myth

10.

All you need is luck to be an entrepreneur.

a)

Fact

b)

Myth

11.

All you need is money to be an entrepreneur.

a)

Fact

b)

Myth

12.

Entrepreneurs are _____ and Social Misfits

a)

Innovative

b)

Academic

c)

Inventive

d)

Thinkers

13.

Entrepreneurs are always ______.

a)

Inventors

b)

Academic Misfits

c)

Social Misfits

d)

Born

14.

Entrepreneurs are ______, not made

a)

Developed

b)

Born

c)

Inventors

d)

Innovators

15.

Entrepreneurs are Doers, not ________

a)

Inventors

b)

Communicators

c)

Made

d)

Thinkers

16.

Perceptive. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

17.

Knowledgeable. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

18.

Flexible. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

19.

Creative. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

20.

Innovative. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

21.

Perseverance. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

22.

Independence. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

23.

Optimism. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

24.

Versatile. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

25.

Determination. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

26.

Persistence. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

27.

Individuality. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

28.

Resourceful. Is this a characteristic or a trait of an entrepreneur?

a)

Characteristic

b)

Trait

29.

Future-oriented is a characteristic of an entrepreneur

a)

True

b)

False

30.

Originality is a trait of an entrepreneur.

a)

True

b)

False

31.

Leadership is one of the characteristic of an entrepreneur.

a)

True

b)

False

32.

Risk-taker is a characteristic of an entrepreneur

a)

True

b)

False

33.

Task-oriented is a trait of an entrepreneur.

a)

True

b)

False

34.

Self-confidence is a characteristic of an entrepreneur.

a)

True

b)

False

35.

Is a process of continuous opportunity identification and recognition.

a)

intrapreneurship

b)

entrepreneurship

c)

enterprise

d)

business

36.

This refers to an entrepreneur who operate from the perspective of benefiting the people while earning profit.

a)

Manufacturer

b)

Solo entrepreneur

c)

Intrapreneur

d)

Social entrepreneur

37.

This refers to business that takes the opportunity to legally adapt and operate a fully established business; using the same business name, trade secret, trade mark, logo, product, etc. in exchange for royalty fees.

a)

Serial

b)

Trader

c)

Franchisee

d)

Social

38.

This entrepreneur is highly skilled and talented, he/she prefers to work on his/her own.

a)

Manufacturer

b)

Trader

c)

Solo entrepreneur

d)

Street entrepreneur

39.

This refers to the person who transfer goods from the manufacturer to the consumer.

a)

Manufacturer

b)

Trader

c)

Serial

d)

Intrapreneur

40.

This type of entrepreneur is someone who produces useful goods.

a)

Trader

b)

Solo

c)

Speciality Service

d)

Manufacturer

41.

Intrapreneurship provides a corporation with the ability to invest and profit from new venture creation

a)

True

b)

False

42.

Intrapreneurship provides a corporation with the ability to establish new channels of distribution.

a)

True

b)

False

43.

Intrapreneurship provides a corporation with the ability to train new managers and leaders.

a)

True

b)

False

44.

Intrapreneurship provides a corporation with the ability to conduct market experiments.

a)

True

b)

False

45.

Intrapreneurship provides a corporation with the ability to diversify from the core business.

a)

True

b)

False

46.

Intrapreneurship provides a corporation with the ability to adapt quickly to changes in the macroenvironment.

a)

True

b)

False

47.

It refers to doing ICV.

a)

Entrepreneurship

b)

Intrapreneurship

c)

Management System

d)

Inventory

48.

It is entrepreneurship within an existing business.

a)

Intrapreneurship

b)

Internalneurship

c)

Internaneurship

d)

None of the options

49.

Small enterprises have _____ worth of total assets approximately.

a)

Up to 3 million

b)

3 million to 15 million

c)

15 million to 100 million

d)

None of the options

50.

Large enterprises have _____ worth of total assets approximately.

a)

up to 3 million

b)

3 million to 15 million

c)

15 million to 100 million

d)

100 million and above

51.

Medium enterprises have _____ worth of total assets approximately.

a)

up to 3 million

b)

3 million to 15 million

c)

15 million to 100 million

52.

Micro enterprises have _____ worth of total assets approximately.

a)

up to 3 Million

b)

3 million to 15 million

c)

15 million and more

d)

None of the options

53.

Enterprises can be classified into three. What are these?

a)

by asset size

b)

by number of employees

c)

by form of ownership

d)

All of the options

54.

An entrepreneur wanna be who practices entrepreneurship within a company.

a)

Strategic Manager

b)

Operational Manager

c)

Intrapreneur

d)

None of the option

55.

It involves motivating the people in the organization to work in an efficient and effective manner to achieve the goals of the organization.

a)

Planning

b)

Organizing

c)

Leading

d)

Controlling

56.

It is defined as the process of identifying activities needed to accomplish a goal, subdividing and grouping these activities into meaningful units, and assigning authority and responsibility to people for their accomplishment.

a)

Planning

b)

Organizing

c)

Directing

d)

Controlling

57.

It is defined as the management functions of determining in advance what a group should accomplish and how the goals are to be attained.

a)

Planning

b)

Organizing

c)

Staffing

d)

Directing

58.

Operational Managers are in _______.

a)

Top level of management

b)

Middle level of management

c)

Lower level of management

d)

None of the options

59.

Tactical Managers are in ________.

a)

Top level of management

b)

Middle level of management

c)

Top level of management

d)

None of the options

60.

Strategic Managers are in _____.

a)

Lower level of management

b)

Middle level of management

c)

Top level of management

d)

None of the options

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