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BUS1 PRELIM EXAM CHAVEZ

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

The power to take ownership of a project without input or guidance and work through obstacles independently.

a)

Initiative & Self Reliance

b)

Comfort with Risk

c)

Future Orientation

2.

The ability to clearly express ideas to an intended audience, including persuading others to work toward a common goal.

a)

Creativity & innovation

b)

Communication & Collaboration

c)

Future Orientation

3.

The ability to think of ideas and create solutions to problems without clearly defined structure.

a)

Critical Thinking & Problem Solving

b)

Creativity & Innovation

c)

Opportunity Recognition

4.

An optimistic disposition with a focus on obtaining the skills and knowledge required to transition into a career.

a)

Future Orientation

b)

Opportunity Recognition

c)

Initiative & Self-Reliance

5.

The process of applying higher level, process oriented thinking skills and transitioning that applied reasoning to support the application of decision making.

a)

Creativity & Innovation

b)

Comfort with Risks

c)

Critical Thinking & Problem Solving

6.

The practice of seeing and experiencing problems as opportunities to create solutions.

a)

Opportunity Recognition

b)

Comfort with Risks

c)

Flexibility & Adaptability

7.

The capacity to move forward with a decision despite inevitable uncertainty and challenges.

a)

Critical Thinking & Problem Solving

b)

Comfort with Risks

c)

Communication & Collaboration

8.

For an entrepreneurial opportunities to occur, the situation should involved

a)

provision of new goods.

b)

organization of new methods.

c)

products sold at higher price than the cost of production.

d)

all of the above.

9.

Which of the following does NOT illustrate an example of an entrepreneurial action?

a)

Ali Maidin developed a new type of roti canai called Roti Tik-Tok.

b)

Intan exported popular Malaysian snacks to Korea following series of viral videos.

c)

Connie, sells char-kuay-teow for the past 20 years, and still sells the same dish at her one and only stall.

d)

Harvinder, a chief engineer for Honda, introduced a revolutionary 3-cylinder turbo engine for the Malaysian market.

10.

Entrepreneurial thinking is an individual’s mental processes of overcoming ________ to decide whether a signal represents a(an) __________ for someone.

a)

ignorance; opportunity

b)

ignorance; barrier

c)

challenges; barrier

d)

challenges; opportunity

11.

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

12.

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

a)

creativity

b)

curiosity

c)

courage

d)

cautiousness

13.

Which of the following is not a skill needed by an entrepreneur?

a)

organizational skill

b)

business skill

c)

drawing skill

d)

computer skill

14.

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 %

15.

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

16.

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

17.

Practicing to become good at sports is an example of an skill.

a)

True

b)

False

18.
  1. Entrepreneurs must be interested in their work.
a)

a. Passionate

b)

b. Hard Working

c)

c. Smart Working

19.

Believing in one self

a)

a. Positive attitude

b)

b. Passionate

c)

c. Skills

20.

Self encouragement

a)

a. Self motivation

b)

b. Self respect

c)

c. Self Esteem

21.

One of the fundamental qualities of the Entrepreneurs

a)

a. Fixed Mindset

b)

b. Resistance to change

c)

c. Risk Taking

22.

What is mind?

a)

Ability to imagine

b)

A creative minded

c)

Able to think

d)

Ability to think and imagine

23.

What is the importance of entrepreneurial mindset?

a)

To avoid failure in business

b)

To easily make money

c)

To build an entrepreneurial society

d)

To be a succesful entrepreneur

24.

What is the characteristic of growth mindset?

a)

Ready to face any obstacles

b)

Easily to give up

c)

Avoid challenges

d)

Feel threatened of others success

25.

Choose two right attitude of an entrepreneur.

a)

Able to work without supervision

b)

Not able to make quick decisions

c)

Able to compete

d)

Persistent

26.

What is the ineffective Entrepreneurial mindset?

a)

Hardworking

b)

Creative

c)

Passing the buck

d)

Ready to face obstacles

27.

What is the name of the instructor for this game?

a)

Kristine Indong

b)

Christine Faith Indong

c)

Miss Tine

d)

Ma'am Tine

28.
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
29.
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
30.
Entrepreneurs are constantly looking for new ways to solve problems.
a)
Persistent
b)
Creative
c)
Self Confident
d)
Independent