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Entrepreneurship

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

It is defined as the process of creating, innovating and developing something new and was established in 1700s and it evolved ever since.

a)

Entrepreneurship

b)

Entrepreneur

c)

Entrepreneurial Competencies

d)

Career

2.

An economist who studied how entrepreneurs are motivated to look, innovate and create new and better ways of doing business.

a)

Joseph Schumpeter (1883-1950)

b)

Pater Drucker (1909-2005)

c)

Katharine Whitehorn

3.

A business expert that took this idea even further and described an entrepreneur as someone who searches for things to change, responds to it by researching and taking new ideas and trends.

a)

Joseph Schumpeter (1883-1950)

b)

Peter Drucker (1909-2005)

c)

Katharine Whitehorn

4.

_____________ says that "Find out what you like doing best, and get someone to pay you for doing it"

a)

Joseph Schumpeter (1883-1950)

b)

Peter Drucker (1909-2005)

c)

Katharine Whitehorn

5.

It is an individual who plans, organize and operate business.

a)

Entrepreneurship

b)

Entrepreneur

c)

Entrepreneurial Competencies

d)

Career

6.

It refers to fundamental characteristics and traits processed by successful entrepreneurs that made them succeed in their chosen enterprise.

a)

Entrepreneurship

b)

Entrepreneurs

c)

Entrepreneurial Competencies

d)

Career

7.

Entrepreneurs should be __________ in learning their industry they belong to, go the extra mile, and do more than what is expected from them.

a)

Initiative

b)

Sees and acts on opportunity

c)

Persistence

d)

Information Seeking

8.

An entrepreneur always had their eyes open for new opportunities and most importantly acting on them.

a)

Initiative

b)

Sees and acts on opportunity

c)

Persistence

d)

Information Seeking

9.

The entrepreneur’s main job when it comes to competition is to be able to persist in aiming and taking actions.

a)

Initiative

b)

Sees and acts on opportunity

c)

Persistence

d)

Information Seeking

10.

It is the very important for an entrepreneur to made sure that he/she gets the appropriate and significant information, the quickest time possible.

a)

Initiative

b)

Sees and acts on opportunity

c)

Persistence

d)

Information Seeking

11.

The entrepreneurs should always strive to improving and enhancing the PRODUCTS and SERVICES in order to deliver the best work for its costumer.

a)

Concern for work quality

b)

Commitment to work contract

c)

Efficiency Orientation

d)

Systematic Planning

12.

An entrepreneur should always have in mind that company’s reputation builds by delivering great PRODUCTS and SERVICES to customer

a)

Concern for work quality

b)

Commitment to work contract

c)

Efficiency Orientation

d)

Systematic Planning

13.

In order to succeed, an entrepreneur must always find ways of doing things more efficiently and effectively, with fewer resources and at a lower cost as possible.

a)

Concern for work quality

b)

Commitment to work contract

c)

Efficiency Orientation

d)

Systematic Planning

14.

As saying goes “Falling to Plan is Planning to FAIL” The entrepreneur should develop a logical. Timely, step-by-step plan to reach the company goal.

a)

Concern for work quality

b)

Commitment to work contract

c)

Efficiency Orientation

d)

Systematic Planning

15.

Business problems are inevitable, having said that, there were always be something that an entrepreneur can do to minimize the impact of a problem to continue in operations.

a)

Problem Solving

b)

Self Confidence

c)

Assertiveness

d)

Persuasion

e)

Use of Influences strategies

16.

To become successful entrepreneur, one has to have a long belief in self and own abilities.

a)

Problem Solving

b)

Self Confidence

c)

Assertiveness

d)

Persuasion

e)

Use of Influences strategies

17.

As an entrepreneur you must have the courage in looking for solutions, and find for resources, and even people who can help in those tough times.

a)

Problem Solving

b)

Self Confidence

c)

Assertiveness

d)

Persuasion

e)

Use of Influences strategies

18.

Means influencing others to reach company goals. Being able to effectively convince an investor that you have a great idea, persuade partners that your approach is right

a)

Problem Solving

b)

Self Confidence

c)

Assertiveness

d)

Persuasion

e)

Use of Influences strategies

19.

Developing a great relationship with other business that may help you grow and successful.

a)

Problem Solving

b)

Self Confidence

c)

Assertiveness

d)

Persuasion

e)

Use of Influences strategies

20.

The Fuel Up Bar is owned by __________

a)

Jodi Sta. Maria

b)

Karylle Padilla-Yuzon

c)

Angel Locsin

d)

Lucy Torres-Gomez