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Worksheets

Entrepreneurial Mind Mid Term

Total questions: 25

Worksheet time: 7mins

Name
Class
Date
1.

A practice of starting new business or organization by taking risk in return to identify opportunities.

a)

Entrepreneurship

b)

Entrepreneur

c)

Business

d)

Management

2.

The person responsible for setting up business or an enterprise; he is one who has the initiative, skill for innovation and who looks for high achievements.

a)

Entrepreneur

b)

Entrepreneruship

c)

Business

d)

Management

3.

Who gives idea and conceptualized the entrepreneur as an organizer of a business firm, central to its distributed and production functions.

a)

Karl Marx

b)

Richard Cantillon

c)

Richard Cotillon

d)

Kar Cantillon

4.

A function of an entrepreneur that he has to make decisions as to what, how, when, where and whom it is to be done.

a)

Planning

b)

Organizing

c)

Decision-Making

d)

Management

5.

A function of an entrepreneur that he has to make decisions as to what, how, when, where and whom it is to be done.

a)

Planning

b)

Organizing

c)

Decision-Making

d)

Management

6.

One of the the function of an entrepreneur is Management, and it involve the following except;

a)

Staffing

b)

Dirrecting

c)

Controlling

d)

Planning

7.

One of the the function of an entrepreneur is Management, and it involve the following except;

a)

Staffing

b)

Dirrecting

c)

Controlling

d)

Planning

8.

One of the function of Entreprenuer where they discovers, change, update or invent new product for their business.

a)

Dicission Making

b)

Management

c)

Innovation

d)

Risk Bearing

9.

Successful entrepreneurs decide on their own, they believe on their own abilities as they know how to learn from their failure and poor decision making. What kind of Characteristic this entrepreneurs possess?

a)

Independent

b)

Self Confident

c)

Perseverance

d)

Goal Setting

10.

A type of business entrepreneur who identifies the potential needs of customers and tailors a product or service to meet the marketing needs.

a)

Trading Entrepreneur

b)

Indutrial Entrepreneur

c)

Corporate Entrepreneur

d)

Agricultural Entrepreneur

11.

Entrepreneur according to Danhof who responds to changes only when he is very clear that failure to respond to changes would result in losses.

a)

Innovative Entrepreneur

b)

Adaptive Entrepreneur

c)

Fabian Entrepreneur

d)

Drone Entrepreneur

12.

The following are the usual problem of an entrepreneur, except;

a)

Financial Problem

b)

Political Problem

c)

Over-regulation and Taxes

d)

Problem relating to facilities

13.

A latin word Manu Agere means, what?

a)

Directing

b)

Conducting

c)

Lead by hand

d)

lead to control

14.

A type of business organization that has a lone owner is called?

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Cooperation

15.

A partner that can take part in running the business but not all partner knows that he/she is a partner.

a)

Nominal Partner

b)

Secret Partner

c)

Minor Partner

d)

Limited Partner

16.

A type of Corporation that is exempted to corporate tax.

a)

S Corporation

b)

C Corporation

c)

Corporated

d)

Incorporated

17.

The following are the corporate governance of a corporation, except;

a)

Head of Department

b)

Stockholders

c)

Board of Directors

d)

Corporate officers

18.

Philippine Cooperative code of 2008 is also known as?

a)

R.A 9520

b)

R.A 9502

c)

R.A 9250

d)

R.A. 9052

19.

A set of exclusive rights regulating the use of a particular expression of an idea or information.

a)

Trademark

b)

Registered Trademark

c)

Patent

d)

Copy Right

20.

Which of the SWOT Analysis state the negative situation inside the business?

a)

Strength

b)

Weakness

c)

Opportunity

d)

Threat

21.

Which of the SWOT analysis gives the positive external factor of the business?

a)

Strength

b)

Weakness

c)

Opportunity

d)

Threat

22.

The collection of buyers and sellers who transact in a particular product class.

a)

Market

b)

Demand

c)

Supply

d)

Segmentation

23.

An economic system in which economic decisions and the pricing of goods and services are guided solely by the laws of supply and demand, with little government intervention.

a)

Market Economy

b)

Demand

c)

Supply

d)

Market Price

24.

The total of what everybody in the market wants is called?

a)

Demand

b)

Market Demand

c)

Supply

d)

Market Prie

25.

Current price that suppliers are asking and customers are willing to pay for a product or service

a)

Demand Price

b)

Market Price

c)

Supply Price

d)

Net Income