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Entrep quiz

Total questions: 15

Worksheet time: 7mins

Name
Class
Date
1.

Entrepreneurship is founded on innovation and change that leads to productivity and economic recession

a)

TRUE

b)

FLASE

2.

Which of the following is not a 1st world country

a)

USA

b)

Germany

c)

Switzerland

d)

Mexico

3.

The process by which businesses or other organizations develop international influence or start operating on an international scale?

a)

Internationalization

b)

Innovation

c)

Globalization

4.

Changes in the form of government created more oppression to express one’s ideas and enjoy the rewards of one’s undertaking, which helped to usher the creation of enterprises.

a)

TRUE

b)

FALSE

5.

Entrepreneurship is a _____?

a)

State of mind

b)

Emotional state

c)

Financial state

d)

innovation

6.

MSMEs comprise ____ of total firms in the Philippines

a)

99.6

b)

98.9

c)

99.7

d)

98.7

7.

______ play a major role in the economic development of the Philippines, particularly in the rural development and decentralization of industries

a)

Entrepreneurs

b)

Businessman

c)

MSME's

d)

Business

8.

Philippine MSMEs are mostly engaged in

a)

Food industry

b)

Manufacturing

c)

Wholesale and retail

d)

hotels and restaurants

9.

_____ of Filipinos are engaged in entrepreneurial activities

a)

51.9%

b)

43.5%

c)

39.4%

d)

22.9%

10.

____ percent are established businesses existing for more than 3.5 years.

a)

52%

b)

48%

c)

43%

d)

39%

11.

Businesses have an average capital of _____

a)

10,000

b)

20,000

c)

40,000

d)

50,000

12.

There is an application of technology and minimal use of innovation

a)

TRUE

b)

FALSE

13.

Most of the businesses employ less than four employees and very few have 20 employees or more

a)

TRUE

b)

FALSE

14.

Business engagement is mostly done on a local basis and very many are engaged in exportation.

a)

TRUE

b)

FALSE

15.

Entrepreneurs boost economic growth by introducing innovative technologies, products, and services

a)

TRUE

b)

FALSE