wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Entrepreneurship PRELIM EXAM

Total questions: 50

Worksheet time: 2hrs 40mins

Name
Class
Date
1.
What is an entrepreneur?
a)
A person who is in charge of a specific location.
b)
A person who works for someone else in order to learn skills.
c)
A person who organizes and operates a business or businesses.
d)
None of these
2.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organized
d)
irresponsible
3.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
4.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
5.
ALL entrepreneurs have a college degree.
a)
True
b)
False
6.
What is an entrepreneur?
a)
A person who is in charge of a specific location.
b)
A person who works for someone else in order to learn skills.
c)
A person who organizes and operates a business or businesses.
d)
None of these
7.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
8.

Which is a characteristic of a successful entrepreneur?

a)

Motivated

b)

Takes very little risk

c)

Passionate

d)

Hard-working

9.

A target market is

a)

a group of investors willing to put capital into a business

b)

a generational group of individuals

c)

a group of consumers at which a product/service is aimed

d)

an industry willing to sell and market your product

10.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
11.

Entrepreneurs create ____________________ for themselves and others.

a)

wealth

b)

risk

c)

plans

d)

none of these

12.

Which trait or characteristic would describe a successful entrepreneur?

a)

Lazy

b)

Shy

c)

Bossy

d)

Self Starter

13.

60% of __________________ fail in the first three years

a)

Coffee shops

b)

Restaurants

c)

Retail shops

d)

Manufacturing plants

14.

What are the four P's of marketing

a)

product, produce, production, price

b)

person, place, produce, practice

c)

promotion, product, practice, price

d)

promotion, place, price, product

15.
A new or different product
a)
Harvesting
b)
Innovation
c)
Opportunity
d)
Risk
16.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
17.
Business entity that is easy to start and has a single owner.
a)
proprietorship
b)
partnership
c)
limited liability company
d)
corporation
18.
Business entity with two or more owners that share the company's profits and losses.
a)
proprietorship
b)
partnership
c)
limited liability company
d)
corporation
19.
Business entity that blends elements of partnership and corporate structures.
a)
proprietorship
b)
limited liability company
c)
partnership
d)
corporation
20.
Any reward or benefit that motivates people to do something.
a)
incentive
b)
money
c)
bonus
d)
financial gain
21.
Getting people together to accomplish goals and objectives using available resources.
a)
leadership
b)
management
c)
entrepreneurship
d)
franchising
22.
When private entrepreneurs purchase the rights to open and run a location of a larger company.
a)
corporate model
b)
franchise
c)
partnership
d)
private enterprise
23.
Exclusive rights given to the inventor of a product, for a specific period of time, to protect them from others copying their product.
a)
copyright
b)
trademark
c)
patent
d)
exclusivity rights
24.
Exclusive rights to symbols or designs.
a)
trademark
b)
patent
c)
copyright
d)
exclusivity rights
25.
What's this called?
a)
patent
b)
trademark
c)
company thing
d)
copyright
26.

Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)

a)

Motivated

b)

Takes very little risk

c)

Passionate

d)

Hard-working

27.

What is a disadvantage of being an entrepreneur?

a)

You have more control over your work

b)

You have a more flexible schedule

c)

You do not always receive a regular paycheck

d)

Your work schedule is always predictable

28.

What is the purpose of a business plan? (hint: choose 2 correct answers)

a)

To document your financial activity during one year

b)

Legal document to be filed with the SEC

c)

States the purpose and vision of your company

d)

States the amount of capital you need to run the company

29.

Why do you need a business plan? (hint: choose 3 correct answers)

a)

To raise capital

b)

Gets everyone involved to focus on the same goals

c)

Gives an objective look at what you are doing and why

d)

It is required by law

30.

A target market is

a)

a group of investors willing to put capital into a business

b)

a generational group of individuals

c)

a group of consumers at which a product/service is aimed

d)

an industry willing to sell and market your product

31.

Which is NOT one of the reasons startups typically fail?

a)

Run out of cash

b)

No business model

c)

Poor marketing

d)

Market demand

32.

This famous innovator & entrepreneur was a scientist, printer, inventor, author, & businessman.

a)

John D. Rockefeller

b)

Benjamin Franklin

c)

Thomas Edison

d)

Henry Ford

33.

Which is NOT part of the procedure of developing an advertising campaign?

a)

Define your market

b)

Prototype your product

c)

Establish your budget

d)

Create an advertising strategy

34.

What is the difference between a startup and a small business?

a)

Startups intend to grow larger compared to a small business

b)

Startups have been in business longer

c)

Small businesses have multiple locations, startups do not

d)

A small business has more employees than a startup

35.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
36.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
37.
Which one of these is NOT a characteristic of an entrepreneur?
a)
risk taker
b)
idea person
c)
generalist
d)
specialist
38.
Entrepreneurs look for business ideas and new and better ways to solve problems.
a)
True
b)
False
39.
The chance of danger or loss
a)
Risk
b)
Options
c)
Reward
d)
Benefit
40.
These are all characteristics of an entrepreneur, EXCEPT...
a)
Flexible
b)
Confidence
c)
Innovative
d)
Lazy
41.

They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.

a)

Creative

b)

Perseverance

c)

Persistence

d)

Self Confidence

42.

A true entrepreneur doesn’t ask questions about whether or not they’ll succeed—they truly believe they will.

a)

Creative

b)

Hardworking

c)

Perseverance

d)

RiskTAker

43.

Entrepreneurs are dreamers and believe their ideas are possible, even when they seem unattainable.

a)

Hardworking

b)

Opportunity Seeker

c)

Optimistic

d)

Self Confidence

44.

This trait means leaving everything to chance or “letting the circumstances take care of itself”.

a)

Amor Propio

b)

Bahala Na System

c)

Balimbing

d)

Ningas Kugon

45.

Instead of doing things that could help one to develop and become better than his competitors, Filipinos devote so much of their time gossiping and back-biting.

a)

BALIMBING

b)

CRAB MENTALITY

c)

MAÑANA HABIT

d)

NINGAS KUGON

46.

Filipinos are fond of starting a project with so much enthusiasm.

a)

AMOR PROPIO

b)

MAÑANA HABIT

c)

NINGAS KUGON

d)

SENSE OF PRIDE

47.

The idea of returning the favor to those who have done good deeds.

a)

PAKIKIPAGKAPWA-TAO

b)

PAKIKIBAGAY

c)

PAGKAMATIPID

d)

UTANG NA LOOB

48.

Involves dedicating yourself to something, like a person or a cause.

a)

COMMITMENT

b)

CREATIVE

c)

PASSION

d)

RISK TAKER

49.

They have endless curiosity to discover new or different ideas and see whether these ideas will work in the marketplace.

a)

CURIOSITY

b)

HARDWORKING

c)

OPPORTUNITY SEEKER

d)

SELF CONFIDENCE

50.

How do MANY people become millionaires?

a)

They save aggressively, avoid debt, and invest their money.

b)

They win the lottery.

c)

The inherit it from family.

d)

They avoid the stock market.

Similar Resources on Wayground

HR REVIEW CHAPTER 8,9

48 questions

HR REVIEW CHAPTER 8,9

quiz

Worksheet

•

University

BENING BIMBEL 2023

50 questions

BENING BIMBEL 2023

quiz

Worksheet

•

University

L1-3(G5)-O

50 questions

L1-3(G5)-O

quiz

Worksheet

•

5th Grade - University

ACTIVIDAD FORMATIVA COE 2020

52 questions

ACTIVIDAD FORMATIVA COE 2020

quiz

Worksheet

•

University

Ujian Akhir Semester Fonologi

50 questions

Ujian Akhir Semester Fonologi

quiz

Worksheet

•

University

Ағылшын 2 сем 2 тест

50 questions

Ағылшын 2 сем 2 тест

quiz

Worksheet

•

University

Prakarya Kelas 9 Berkelompok

50 questions

Prakarya Kelas 9 Berkelompok

quiz

Worksheet

•

9th Grade - University

KEWARGANEGARAAN

50 questions

KEWARGANEGARAAN

quiz

Worksheet

•

University