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Entrepreneurship

Total questions: 161

Worksheet time: 1hrs 24mins

Name
Class
Date
1.

Focuses on his/her work either as a seller or a vendor.

a)

Hardworking

b)

Committed

c)

Confident

d)

Goal Oriented

2.

An entrepreneur who sets aside personal needs.

a)

Future oriented

b)

Confident

c)

Committed

d)

Hardworking

3.

He sees to it that the business will generate income and plans to expand the business through the business income.

a)

Goal oriented

b)

Future oriented

c)

Responds to feedback

d)

Profit oriented

4.

He/She takes time to listen to the advice, suggestions and recommendations of fellow entrepreneurs.

a)

Persistent

b)

Copes with uncertainty

c)

Set own standards

d)

Willing to listen

5.

Entrepreneurs do not give up.

a)

Persistent

b)

Hardworking

c)

Committed

d)

Goal oriented

6.

He/she has an enduring and future-proof plan for the business.

a)

Goal oriented

b)

Profit oriented

c)

Future oriented

d)

Builds on strengths

7.

An entrepreneur aims for the best and excels in all areas of the business.

a)

Builds on strengths

b)

Copes with uncertainty

c)

Sets own standards

d)

Open to feedback

8.

Successful business people base their work on strengths. They look for things that enable them to do their best.

a)

Builds on strengths

b)

Copes with uncertainty

c)

Profit oriented

d)

Future oriented

9.

A strong faith in one's ability is necessary despite the problems that one may face in the business.

a)

Committed

b)

Hardworking

c)

Confident

d)

Goal-oriented

10.

An entrepreneur works with the future in mind.

a)

Future oriented

b)

Goal oriented

c)

Profit oriented

d)

Time oriented

11.

What characteristic of an entrepreneur stays do a job and does not stop until finished?

a)

optimistic

b)

committed to work

c)

risk taker

12.

What qualities of entrepreneur adjusts to the changing demands of his or her customer?

a)

open minded

b)

optimistic

c)

flexible

13.

An entrepreneur can handle stress from his or her business and even with his or her personal life.

a)

resilient

b)

optimistic

c)

results oriented

14.

An entrepreneur should speak well.

a)

proactive

b)

communicates well

c)

team player

15.

An entrepreneur shows knowledge and control to the whole business enterprise and gains the respect of others.

a)

team player

b)

proactive

c)

confident

16.

What qualities of an entrepreneur seeks feed back and accepts criticisms on running a business.

a)

optimistic

b)

open-minded

c)

persistent

17.

An entrepreneur does not stop taking actions until problems are solved.

a)

persistent

b)

proactive

c)

professional

18.

What quality of entrepreneur works with a team and implements good and efficient work flow.

a)

confident

b)

results oriented

c)

team player

19.

What quality of entrepreneur works with a team and implements good and efficient work flow.

a)

confident

b)

results oriented

c)

team player

20.

An entrepreneur studies or learns from the present and past, he or she anticipates the needs, changes, and challenges of the future.

a)

proactive

b)

team player

c)

communicates well

21.

An entrepreneur controls and uses resources to achieve self-determined goals.

a)

Flexible

b)

responsible

c)

committed to work

22.

I am willing to work 50 hours or more per week regularly.

a)

True

b)

False

23.

I am willing to accept both financial and career risks when necessary.

a)

True

b)

False

24.

I would like to take full responsibility for the successes and failures of my business.

a)

True

b)

False

25.

I feel a great deal of pride when I complete a job successfully.

a)

True

b)

False

26.

I enjoy controlling my own work assignments & making all decisions affecting my work.

a)

True

b)

False

27.

I believe that I am primarily responsible for my own successes and failures.

a)

True

b)

False

28.

I have a strong desire to achieve positive results even when it requires a great deal of additional effort.

a)

True

b)

False

29.

I have a good understanding of how to manage a business.

a)

True

b)

False

30.

I believe that my abilities and skills are greater than those of most of my coworkers.

a)

True

b)

False

31.

I can make decisions quickly.

a)

True

b)

False

32.

I always try to complete every project I start, regardless of obstacles and difficulties.

a)

True

b)

False

33.

I always try to complete every project I start, regardless of obstacles and difficulties.

a)

True

b)

False

34.

People trust me and consider me honest and reliable.

a)

True

b)

False

35.

Which of these is NOT a characteristic of an entrepreneur?

a)

A. Good communicator

b)

B. Self-starter

c)

C. Fearful

d)

D. Risk taker

36.

What to show investors to get funding?

a)

Marketing strategy

b)

Customer Analysis

c)

Business Plan

d)

My hard work

37.

Which of the following is not part of 3 Cs?

a)

Customers

b)

Competitors

c)

Commercial Viability

d)

Capability

38.
Entrepreneurs are Made, Not Born!
a)
True
b)
False
39.

Before putting the whole enterprise into operation, Entrepreneur is required to develop a detailed blueprint. What is it?

a)

Planning

b)

Information Seeking

c)

Quality Performance

d)

Persistence

40.

What is an entrepreneur?

a)

Someone who has set up their own business

b)

Someone who is employed

c)

Someone who doesn't work

d)

Someone who works from home

41.

What entrepreneur qualities do YOU need ?

a)

Determination

b)

Self-discipline

c)

Skilled + hard worker

d)

Passion

e)

All of the above

42.

What analysis is necessary before plunging into a start-up idea?

a)

SWOT Analysis

b)

Cost Analysis

c)

Market Analysis

d)

Product Analysis

43.

A business can grow by doing which of the following? Check All that apply

a)

Increasing product line

b)

Offering More Services

c)

Addressing more consumer segments

d)

Increasing number of employees

44.

A business can grow by doing which of the following? Check All that apply

a)

Increasing product line

b)

Offering More Services

c)

Addressing more consumer segments

d)

Increasing number of employees

45.

A business with fewer than 500 employees

a)

Small business

b)

Retail business

c)

Wholesales business

46.

Tony Tan Caktiong is the founder of Jollibee Foods Corp. that initially planned to have an ice cream parlor and later on added chicken, burgers, and etc. What quality of an entrepreneur he demonstrates?

a)

Opportunity Seeker

b)

Persistent

c)

Objective

d)

Pro Active

47.

Casualties happened during the World War II including the first National Bookstore outlet, but Socorro Ramos (founder/owner) still cope up and re-built this branch. She possesses quality of an entrepreneur which is?

a)

Objective

b)

Persistent

c)

Committed to Work

d)

Opportunity Seeker

48.

1. Which of the following probably does NOT describe Bill Gates?

a)

risk-taker

b)

creative

c)

independent

d)

someone who seek approval

49.

If you possess excellent organizational skills, but are risk-averse and do not like taking initiative, would being an entrepreneur be a good profession for you?

a)

Yes, all you need is good organizational skills.

b)

Yes, entrepreneurs should be risk-averse.

c)

No, entrepreneurs must be risk-takers who take initiative and have excellent organizational skills.

d)

No, entrepreneurs should rely on others to organize the business.

50.

An ideal entrepreneur must possess (a)   in order to success in life and in business.

51.

It refers to someone who undertakes a business.

a)

Owner

b)

Accountant

c)

Employee

d)

Entrepreneur

52.

Which of the following are the qualities and characteristics that a successful entrepreneur must have?

a)

Integrity

b)

People Skills

c)

Sales ability

d)

Bossy

e)

Incompetent

53.

As an entrepreneur, you must possess the qualities and characteristics to be a successful one like self-discipline, passion, strong leadership qualities and integrity.

a)

True

b)

False

c)

Maybe

54.

It means “being honest with everyone”.

a)

Passion

b)

Integrity

c)

Competitiveness

d)

People skills

55.

The ability to convince others to make a conscious decision is a key of becoming a successful entrepreneur.

a)

People Skills

b)

Sales Ability

c)

Strong work ethics

d)

Strong Leadership qualities

56.

What do you think is the best quality or characteristic a successful entrepreneur must have?

4 lines
57.

Entrepreneur also invest in community project and provide financial support to

a)

Community

b)

Charities

c)

Co-operation

d)

Industry

58.

Entrepreneur are

a)

Born with special quality

b)

Visionaries

c)

Deceptive

d)

None of these

59.

Entrepreneurship has a crucial role in the ..............

a)

Evolution

b)

Planning

c)

Functioning

d)

None of these

60.

Entrepreneurs realise that every event and situation is a business (a)  

61.

There is a (a)   relationship between the entrepreneur and entrepreneurship.

62.

To become a successful Entrepreneur you must have a ....................

a)

Vision

b)

Creativity

c)

Motivation

d)

All of these

63.

Successful Enterprises display strong ................... at their work place.

a)

disciplined

b)

ethical qualities

c)

determination

d)

None of these

64.

Entrepreneurship benefits the .............

a)

Entrepreneur

b)

entrepreneur as well as society

c)

Entrepreneur and his family

d)

None of these

65.

Entrepreneur play a key role in increasing the ..............

a)

Efforts

b)

confidence

c)

standards

d)

All of these

66.

The term Entrepreneur came from ..............

a)

Latin

b)

Dutch

c)

English

d)

None of these

67.

To be successful in an entrepreneurial venture, you need...........

a)

Money

b)

Hard word

c)

Innovative idea

d)

All of these

68.

Which of the following shows the process of creating something new ?

a)

Business model

b)

Modeling

c)

Creative flexibility

d)

Innovation

69.

Entrepreneurs are generally less educated than the general population.

a)

True

b)

False

c)

None of these

70.

An Entrepreneur must be self confident.

a)

True

b)

False

c)

None of these

71.

Hybrid business buys products at retail price.

a)

True

b)

False

c)

None of these

72.

Service business is kind of business that provide services to the customers.

a)

True

b)

False

c)

None of these

73.

Entrepreneurs originates from the Latin Word which means to evaluate.

a)

True

b)

False

c)

None of these

74.

A person with vision and action plan to achieve it is an entrepreneur.

a)

True

b)

False

c)

None of these

75.

Entrepreneur and Entrepreneurship are the same.

a)

True

b)

False

c)

None of these

76.

Entrepreneurs are always rich.

a)

True

b)

False

c)

None of these

77.

Private investors who fund start-up businesses are called ____.

a)

Banks

b)

angel investors

c)

investment funds

d)

Entrepreneurs

78.

The movement of money into and out of a business is called ____.

a)

cycle of money

b)

spending

c)

cash flow

d)

transfer of funds

79.

____ is an asset pledged that will be claimed by a lender if the loan is not repaid.

a)

Collateral

b)

Goods

c)

Principal

d)

Interest

80.

Capital brought into a business in exchange for a percent of ownership in the business is called ____.

a)

Funding

b)

debit financing

c)

liabilities

d)

equity financing

81.

____ are critical skills necessary to perform the required work-related tasks of a position.

a)

Procedures

b)

Job-specific skills

c)

Critical steps

d)

Management skills

82.

A ____ is someone with experience who can provide advice, suggestions, and ideas.

a)

Professor

b)

Manager

c)

Mentor

d)

Teacher

83.

____ is the process of gathering and analyzing of information about a business.

a)

Surveying

b)

Market research

c)

Analysis

d)

Financial reporting

84.

___Willingly risking resources to start and run a business in pursuit of profit.

a)

Start-up capital

b)

Planning

c)

Entrepreneurship

85.

___Common qualities of successful entrepreneurs.

a)

5 Ps of entrepreneurship

b)

Trait

c)

Market analysis

86.

Skills gained through life experience or working on a job that help an individual perform in the workplace or gain success in a career.

a)

debt financing

b)

transferable skills

c)

assets

87.

A person who starts a new business or purchases an existing business is a(n) ____.

a)

capitalist

b)

manager

c)

entrepreneur

d)

boss

88.

Process of setting goals and deciding how to accomplish them.

a)

surveying

b)

mapping

c)

planning

d)

marketing

89.

What is an entrepreneur?

a)

A person who works for someone else in order to learn skills.

b)

A person who organizes and operates a business or businesses.

c)

A person who is in charge of a specific location.

d)

None of these

90.

Which is NOT a common characteristic of an entrepreneur?

a)

Irresponsible

b)

Confident

c)

Risk-takers

d)

Innovative

91.

An entrepreneur is not in control of his or her business.

a)

True

b)

False

92.

An entrepreneur helps the family earn income.

a)

True

b)

False

93.

Which trait or characteristic would describe a successful entrepreneur?

a)

Shy

b)

Confident

c)

Lazy

d)

Bossy

94.

An entrepreneur who will tell the truth.

a)

Persistent

b)

Innovative

c)

Responsible

d)

Honest

95.

An entrepreneur who thinks of new and better ways of doing things.

a)

Risk-takers

b)

Confident

c)

Innovative

d)

Commited

96.

Not easily discouraged. He doesn't give up he achieves his goal.

a)

Responsible

b)

Dependable

c)

Persistent

d)

Creative

97.

Which of the following is true about American entrepreneurs?

a)

many work from home

b)

they work hard

c)

they are all ages

d)

all of the above

98.

The ability to perform a specific kind of task after practice is referred to as having

a)

self-esteem

b)

an aptitude

c)

an attitude

d)

a skill

99.

Which of the following is not generally a personal characteristic of a successful entrepreneur?

a)

creativity

b)

curiosity

c)

courage

d)

cautiousness

100.

What percentage of business owners used money of their own, or from their families, to start or buy a business?

a)

less than 20 %

b)

between 40% and 60%

c)

between 20% and 40%

d)

more than 60 %

101.

An attitude is

a)

a way of thinking about something that affects how you feel about it

b)

a feeling you can choose to have

c)

a feeling that can be positive or negative

d)

all of the above

102.

Self-assessment is something that

a)

is more important for employees than entrepreneurs

b)

helps you maximize your strengths and weaknesses

c)

entrepreneurs do not consider when hiring employees

d)

all of the above

103.

Which trait is not part of the NFTE Entrepreneurial Mindset?

a)

risk avoidance

b)

flexibility

c)

persistence

d)

critical thinking

104.

One of the ways to increase your entrepreneurial potential is to find a mentor.

a)

True

b)

False

105.

Entrepreneurs tend to be people with positive attitudes.

a)

True

b)

False

106.

Instead of seeing problems, a successful entrepreneur usually sees opportunities.

a)

True

b)

False

107.

Who can be considered a consumer?

a)

A person or entity that is the source for goods or services.

b)

A person or a group that is the final user of goods and services produced within an economy.

c)

A person or entity that is the source for goods or services.

d)

A company in the same industry or a similar industry which offers a similar product or service.

108.

What is the definition of a supplier?

a)

A person or a group that is the final user of goods and services produced within an economy.

b)

The amount of money expected, required, or given in payment for something.

c)

A legal entitlement to have or do something.

d)

Is a person or entity that is the source for goods or services.

109.

A supplier is a person or entity that is the source for (a)   or services.

110.

The amount of money expected, required, or given in payment for something is known as the _______

a)

price

b)

GST

c)

economy

d)

total

111.

A company in the same industry or a similar industry that offers a similar product or service is known as a _____________

a)

Enemy

b)

Competitor

c)

Business partner

d)

Debt Collector

112.

A good or service which fulfils the needs or (a)   of the consumer.

113.

The organised exchange of goods, services or resources between buyers and sellers is known as the (a)   .

114.

A salesperson who buys goods from a source, or multiple sources, to resell to anyone and everyone for profit is known as a __________.

a)

Marketer

b)

Buyer

c)

Consumer

d)

Merchant

115.

A (a)   entitlement to have or do something is known as a 'right'.

116.

Having a duty or obligation to deal with something is known as a ______.

a)

responsibility

b)

right

c)

assistance

d)

headache

117.

An organisation or enterprise engaged in the production and trade of goods and services, usually with the objective of making a profit is known as a ______.

a)

Educational structure

b)

Business

c)

Cafe

d)

Entrepreneur

118.

Showing initiative and a willingness to take risks, in undertaking new projects and ventures are characteristics of poor business management

a)

True

b)

False

119.

All activities undertaken for the purpose of the production, distribution and (a)   of goods and services in a region or country forms an economy.

120.

An entrepreneur is a person who is willing to take a (a)   and has the qualities required to turn an idea into a successful business

121.

Which response below is not a characteristic of an entrepreneur?

a)

have great ideas and do something about them

b)

hunt for opportunities to promote their ideas

c)

thrive on the challenge of creating their own successful business

d)

prefer to work alone and without the assistance of others

122.

How old must you be before you can legally become an entrepreneur?

a)

12

b)

16

c)

18

d)

Any age

123.

Richard Branson never had to borrow money to launch a business venture.

a)

True

b)

False

124.

How did Janine finance the launch of Boost Juice?

a)

Through a bank loan

b)

by winning tattslotto

c)

selling her house

d)

borrowing from her friends

125.
An entrepreneur is someone 
a)
Someone who works for a new business
b)
Someone who starts a new business
c)
Someone who takes over an existing business
d)
Someone who does not want to work
126.
Name one of the reasons people become entrepreneurs.
a)
Feeling insecure
b)
They like to be the ONLY one doing everything
c)
They are doing what they enjoy
127.
An entrepreneur must be...
a)
disorganized
b)
organized
c)
lazy
128.
An entrepreneur can own an online business...
a)
False - entrepreneurs can only create business in person
b)
True - there are companies online as well as in person
129.

What is an entrepreneur?

a)

Someone who has set up their own business

b)

Someone who is employed

c)

Someone who doesn't work

d)

Someone who works from home

130.

What challenges does an entrepreneur have?

a)

all of the above

b)

drive

c)

responsibility

d)

money

131.

True or False. Only adults can be entrepreneurs. Kids are too young.

a)

True

b)

False

132.

What is ONE quality of an entrepreneur?

a)

flexibility

b)

honesty

c)

money

d)

attitude

133.

What entrepreneur qualities do YOU need ?

a)

Determination

b)

Self-discipline

c)

Team-working skills

d)

All of the above

134.
Each box on a spreadsheet is called a ...
a)
row
b)
column
c)
cell
d)
box
135.
Rows on a spreadsheet are identified by a ...
a)
number
b)
letter
c)
symbol
d)
smiley face
136.

What can't you do with google forms?

a)

Create a pop quiz

b)

Manage event registrations

c)

Create a presentation

d)

Collect email addresses for a newsletter

137.
A row is a vertical reference in a spreadsheet.
a)
True
b)
False
138.
A mathematical operation is called a _____.
a)
formula
b)
range
c)
label
d)
graph
139.
Entrepreneurs are Made, Not Born!
a)
True
b)
False
140.
Entrepreneur is derived from the French "_________,
 meaning “to undertake.”
a)
entreprendre
b)
entrepinde
c)
Market
141.
The entrepreneur is one who undertakes to organize, manage, and assume the risks of a business.
a)
True
b)
False
142.

What do you call a person that acquires possession of rights to the use or services in exchange for payment or money?

a)

Seller

b)

Buyer

c)

Manager

d)

entrepreneur

143.

Entrepreneurship can be learned by anyone, it’s not something that can simply learn in a classroom.

a)
b)
144.

Certain skills, such as communication, delegating and respecting others can only be acquired through practice and developing “habits of character”.

a)
b)
145.

Habits of character may not strictly be related to business but are to do with the kind of person the entrepreneur is and what he/she does.

a)
b)
146.

An entrepreneur has to have certain cultivated and inherent qualities in order to make a success of his or her venture.

a)
b)
147.

Hard work and determination to win have made many successful business people to reach their aspired goals.

a)
b)
148.

The only way to acquire the habits essential for entrepreneurs is by acting in a way inconsistent with them.

a)
b)
149.
Not afraid to do new things  is what characteristic?
a)
Risk Taker
b)
Human Relations Skills
c)
Problem-solving & Decision-making Skills
d)
Independent
150.
Knowledge of computers and how to use them productively is what characteristic?
a)
Goal-Oriented
b)
Basic Business Skills
c)
Technical Skills
d)
Math Skills
151.
Not giving up; keep trying is what characteristic?
a)
Persistent
b)
Responsible
c)
Self-Confident
d)
Creative
152.
An individual who undertakes the risk associated with creating, organizing, and owning a business is?
a)
a farmer
b)
a trained salesperson
c)
an entrepreneur
d)
Mathematician
153.
Possessing the ability to read, write, and speaking in an understanding, accurate, and professional manner is what characteristic?
a)
Math skills
b)
Communication Skills
c)
Goal- Oriented
d)
Independent
154.
focused on developing a plan and  achieving your goals is what characteristic?                                                                                                                                                  
a)
Math Skills
b)
Goal-oriented
c)
inquisitive
d)
Technical Skills
155.
focused on developing a plan and  achieving your goals is what characteristic?                                                                                                                                                  
a)
Math Skills
b)
Goal-oriented
c)
inquisitive
d)
Technical Skills
156.

A characteristic of an entrepreneur is......

a)

Laziness

b)

confidence

c)

selfishness

d)

fear

157.

A positive of being an entrepreneur is that.....

a)

you get good benefits

b)

you job is safe

c)

your work environment is familiar

d)

you can follow your passion

158.

Which of these is a famous entrepreneur?

a)
b)
c)
d)
159.

Which of these is NOT a sports brand?

a)
b)
c)
d)
160.

What doesn't make a brand popular ?

a)

Global success

b)

Affordability

c)

Low product quality

d)

Celebrity endorsement

161.

The meaning of risk is......

a)

Something that is very safe

b)

Money

c)

A promise

d)

Take a chance/ uncertainty

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