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QUIZ #1 - MODULE 1

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

An individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

a)

Businessman

b)

Entrepreneur

c)

General Manager

d)

Auditor

2.

It takes an entrepreneur to respond in a concrete way to an opportunity in the environment.

a)

Risk-taking

b)

Innovation

c)

Economic Opportunity

d)

Resourcefulness

3.

He knows who he is, what he is good at, and what he likes to do. He starts a business that is based on his expertise in a specific field and focuses on his involvement in an area he thoroughly enjoys.

a)

Self-awareness

b)

Courage

c)

Self-motivated

d)

Self-focus

4.

It is one of the most important personality traits of successful entrepreneurs. It is what gives him the tenacity and confidence to call on a potential client, even though he has heard “No” three times.

a)

Self-awareness

b)

Courage

c)

Risk-taker

d)

Self-motivated

5.

The willingness to take risks is a valuable trait when striving for success.

It is the willingness to take the chance.

a)

Confidence

b)

Courage

c)

Positive-thinker

d)

Patience

6.

It is one of the most appealing traits he exhibits to prospective clients, to let them know that they will be getting the best their money can buy.

a)

Confidence

b)

Courage

c)

Complacency

d)

Mediocre

7.

What are positive-thinkers? (Choose the best answers)

a)

They think of success and bright sides.

b)

Those individuals who think of success and profitability, even if wealth does not always come to the most intelligent or the most ambitious individuals.

c)

They are very easy-go-lucky.

d)

They are always impulsive in decision-making, even if it will take them risking without thinking.

8.

What are innovative people? (Choose the best answers)

a)

Create new and enhanced products out of existing products.

b)

Very pessimistic people.

c)

Always find ways to come up with new ideas to innovate and create a new product out of something existing or invent a new one.

d)

They love to explore the unknown and blaze to new paths of progress.

9.

One has a better chance of succeeding by knowing about business basics, the product or services, the industry he is entering, and consumer markets.

a)

Knowledge

b)

Information Seeking

c)

Drive

d)

Perseverance

10.

The entrepreneur came from the French word “entreprendre” meaning to ___________.

a)

sell

b)

produce

c)

undertake

d)

underestimate