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Entrep Lesson 1

Total questions: 20

Worksheet time: 12mins

Name
Class
Date
1.

Define as a proactive process of developing a business venture to make a profit.

a)

Entrepreneur

b)

Entrepreneurship

c)

Entrepreneurial Skills

d)

Entrepreneur Mindset

2.

Businesses contribution to the economy allows the government to generate national income that shall be use in providing equal services through different projects for the betterment of the society as a whole. This shows what specific economic benefit of entrepreneurship?

a)

Reduces Social conflicts and political unrest

b)

Introduce new and innovate product

c)

disperses economic power and creates equality

d)

improves people’s living standard

3.

After the successful Lobbying of the Park-Inn Management, the HR Department formally announced the job posting for the opening of a 5-Star Hotel at Dau, Mabalacat City. Which economic benefits best describe the scenario?

a)

Introduce new and innovate product

b)

Produce more jobs for unemployed people

c)

disperses economic power and creates equality

d)

improves people living standard

4.

The opening of the Laundry Business provide ease in daily living for working moms at Global Bonifacio City, Taguig. This idea equates to what entrepreneurship social benefit?

a)

Economic independence and capital formation

b)

Amplifies different sectors of society

c)

introduce new and innovative product

d)

improves people living standard

5.

The opening of the McDonald’s Dau near St. Rafael Hospital intensifies market potential for nearby business establishment and an increase in the number of commuters in the nearby TODA Group. These effects can be related to what entrepreneurial benefit?

a)

Improves people living standard

b)

Amplifies different sectors of society

c)

introduce new and innovative product

d)

Produce more jobs for unemployed people

6.

The availability of different convenient stores such as 7/11, Family Mart and Alpha Mart ensures availability of supplies for graveyard shift workers that they don’t need to fight to have a food supplies during their break. Which entrepreneurial benefits best explain this scenario?

a)

Reduce social conflicts and political unrest

b)

Improves people living standard

c)

Introduce new and innovative product

d)

Amplifies different sectors of society

7.

Due to the demand for cashless payment amidst of COVID-19 Pandemic Globe Telecom offers G Cash while SMART telecom offer Smart Padala . Which entrepreneurial benefits best explains this telecom company initiative?

a)

Amplifies different sectors of society

b)

Introduce new and innovative product

c)

improves people living standard

d)

economic independence and capital formation

8.

Is a unique individual who has the innate ability and extraordinary dedication to establish and manage a business.

a)

Entrepreneur

b)

Economist

c)

Chief Executive Officer

d)

Sales Person

9.

This refers to an entrepreneurship level, wherein the entrepreneur focuses more on the big pictures (goals) and strategic direction of the business.

a)

The Manager

b)

The True Entrepreneur

c)

The Leader

d)

The Self -employed

10.

This refer to a person who do not want to conform on a fixed schedule and feels agitated when controlled by the power that be.?

a)

The Manager

b)

The True Entrepreneur

c)

The Leader

d)

The Self -employed

11.

. Injap Sia an entrepreneur and a well-known founder of Mang Inasal choose to sell the business to Jollibee Foods Corporation in 2013 after how many years of its operation. Which entrepreneurial development manifest in this scenario?

a)

The Manager

b)

The Investor

c)

The Leader

d)

The Self Employed

12.

Which levels of entrepreneurial development, hires potential employees to do the work and is responsible of the overall operation of the business?

a)

The Manager

b)

The Investor

c)

The Leader

d)

The True Entrepreneur

13.

Which statement is not true about an entrepreneur?

a)

Entrepreneur is a calling

b)

Entrepreneur entails holistic business talent

c)

Entrepreneur do not acknowledge risk in business

d)

Entrepreneur is an innovative person

14.

A business that offers staple food of every Filipinos?

a)

Printing Business

b)

Rice Retailing Business

c)

Food Cart Business

d)

Buy and Sell Business

15.

A Business that is commonly seen inside Supermarket and Malls, this business does not require huge space and usually offers made to order products such as burgers, pizza, donuts and pastries.

a)

Sari-Sari Store

b)

Street Food Business

c)

Food Cart Business

d)

Buy and Sell Business

16.

Since 95% of the Filipinos are prepaid mobile phone users, this business becomes a profitable business in the previous years and up to present.

a)

Online Selling Business

b)

Cellphone Loading Business

c)

Franchising Business

d)

Direct Selling Business

17.

Pandesal is the most common bread being offered by this business which is also the second staple food of every Filipinos.

a)

Bar Café and Restaurant Business

b)

Franchising Business

c)

Baking Business

d)

Flea Market Business

18.

During the Enhanced Community Quarantine in March 2020, this business creates a lot of opportunity by simply adding internet as a marketing and transaction channel for selling.

a)

Direct Selling Business

b)

Online Selling Business

c)

Video and Photography Business

d)

Tutorial Business

19.

This business gains popularity because of the presence of social media, where videos and pictures are supposed to be shared with others.

a)

Website Development and Blogging

b)

FRanchising Business

c)

Video and Photography Business

d)

Spa, Gym and nail care Business

20.

This business comes along with the word “bargain” that is why customers are interested to buy their product offering.

a)

Direct Selling Business

b)

Printing Business

c)

Water Station and LPG Station

d)

Flea Market Business