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Entrepreneurship Midterm

Total questions: 42

Worksheet time: 39mins

Name
Class
Date
1.

Which is not a function of management (EN,BC,1,2,3,4,5,6,7,8)

a)

control

b)

plan

c)

finance

d)

organize

2.

What are the four components of the business process? (EN,BC,1,2,3,4,5,6,7,8)

a)

production, marketing, management, finance

b)

sales, marketing, public relations, finance

c)

consumer, product, development, profit

d)

control, plan, e-commerce, recall

3.

Public businesses are motivated to earn a profit? (EN,BC,1,2,3,4,5,6,7,8)

a)

true

b)

false

4.

A small business may also be referred to as a "mom and pop" business? (EN,BC,1,2,3,4,5,6,7,8)

a)

true

b)

false

5.

________________________ decides what needs to be done and how it will be accomplished (EN,BC,1,2,3,4,5,6,7,8)

a)

planning

b)

development

c)

organization

d)

control

6.

What is 5% of 20? (EN,BM, 1,2,3,4,5,6,7)

a)

1

b)

2

c)

5

d)

10

7.

0.02 is read as _____. (EN,BM, 1,2,3,4,5,6,7)

a)

2 tens

b)

2 hundreds

c)

2 tenths

d)

2 hundredths

8.

At a movie premiere, the number of children, men and women who attended were in the ratio 2:3:4. If 236 children watched the premiere, how many persons were in the audience? (EN,BM, 1,2,3,4,5,6,7)

a)

826

b)

1500

c)

980

d)

1062

9.

What is 2/3 of 12? (EN,BM, 1,2,3,4,5,6,7)

a)

4

b)

6

c)

8

d)

7

10.

20% of what number is 16? (EN,BM, 1,2,3,4,5,6,7)

a)

80

b)

3.2

c)

15\frac{1}{5}

d)

0.20

11.

Maria assembled widgets M-F as follows: 23, 34, 52, 47, 31

She gets paid P4.25 per widget. How much did she get paid? (EN,BM, 1,2,3,4,5,6,7)

a)

P794.75

b)

P748

c)

P770

d)

P765

12.

Emily is a baker. She bakes 24 loaves of bread, and places them into 4 bags. How many loaves are in each bag? (EN,BM, 1,2,3,4,5,6,7)

a)

48

b)

60

c)

6

d)

4

13.

What is Body Language? (EN CS, 1,2,3,4)

a)

Postures, gestures, and facial expressions.

b)

The exchange of information through the use of words.

c)

Your words say one thing but your body language say another.

d)

Speak from your point of view.

14.

Good listening skills include what? (EN CS, 1,2,3,4)

a)

Smiling and waving at people

b)

Yelling loud at people

c)

Writing in slang.

d)

None the above.

15.

Three Styles of Communication (EN CS, 1,2,3,4)

a)

Aggressive, Active Listening, communication

b)

Passive, “I” Messages, Assertive

c)

Aggressive, passive, and assertive

d)

None of the above

16.

When a person states his/her position in a firm but positive manner is (EN CS, 1,2,3,4)

a)

Aggressive

b)

Assertive

c)

Passive

d)

None of the above

17.

A situation in which your words say one thing but your body language says another is (EN CS, 1,2,3,4)

a)

An “I” Message

b)

A mixed message

c)

Body Language

d)

Active listening

18.

A person that is overly forceful, pushy, hostile or otherwise attacking in approach is known as (EN CS, 1,2,3,4)

a)

Asserive

b)

Active listener

c)

Aggressive

d)

Passive

19.

Which of the following is considered a speaking skill? (EN CS, 1,2,3,4)

a)

Make clear, simple statements

b)

Paying attention

c)

Rereading your words before you send a message

20.

Two types of communication are: (EN CS, 1,2,3,4)

a)

Verbs and Nouns

b)

Verbal and information

c)

Verbal and non-verbal

d)

Happy and sad

21.

1. The term “Entrepreneur” has been derived from the word “entreprendre” which means: (EN ES 1)

a)

a. To give

b)

b. To undertake

c)

c. To choose

d)

d. To decide

22.

3. What is the hallmark of a successful entrepreneur? (EN ES 1)

a)

a. Risk bearing capacity

b)

b. Persistence

c)

c. Flexibility

d)

d. Self-confidence

23.

Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?(EN ES 1)

a)

a) Merger

b)

b) Minority Interest

c)

c) Joint venture

d)

d) Majority interest

24.

Having less than 50 percent of equity share in an international venture is called:(EN ES 1)

a)

a) Joint Venture

b)

b) Majority interest

c)

c) Minority interest

d)

d) Exporting

25.

Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?(EN ES 1)

a)

a) New business model

b)

b) Anatomization

c)

c) None of the given options

d)

d) Creative destruction

26.

4. Which type of entrepreneurs utilizes a chance to introduce a new technique or new product? (EN ES 1)

a)

a. Innovative entrepreneur

b)

b. Instigated entrepreneur

c)

c. Initiative entrepreneur

d)

d. Fabian entrepreneur

27.

Which of the following is a remedy to solve the problems of women entrepreneurs? (EN ES 1)

a)

a. Social attitude

b)

b. Finance cells

c)

c. Stiff Competition

d)

d. Supervision

28.

What can be defined as an attractive project idea which an entrepreneur accepts as a basis for his investment decision? (EN ES 1)

a)

a. Possibility

b)

b. Business

c)

c. Opportunity

d)

d. Notion

29.

Ownership capital is also known as? (EN ES 1)

a)

a. Debt

b)

b. Equity

c)

c. Loan

d)

d. Mortgage

30.

IPR stands for? (EN ES 1)

a)

a. Industrial Policy Resolutions

b)

b. Industrial Protection Resolutions

c)

c. Independent Policy Reforms

d)

d. Income Plan Rewards

31.

Which form of growth of the business is diversification? (EN ES 1)

a)

a. External

b)

b. Vertical

c)

c. Horizontal

d)

d. Internal

32.

An optimum capital structure can be defined as a financing mix incurring the ___ cost but yielding the ___ results. (EN ES 1)

a)

a. Least & maximum

b)

b. Maximum & least

c)

c. Least & minimum

d)

d. Maximum & minimum

33.

Good sources of information for an entrepreneur about competitors can be obtained from_________. (EN ES 1)

a)

A. Websites.

b)

B. Product information leaflets.

c)

C. Company reports and published accounts.

d)

D. All the above.

34.

Entrepreneurs are motivated by _________. (EN ES 1)

a)

A. money.

b)

B. personal values.

c)

C. pull influences.

d)

D. All the above.

35.

State of confusion about what is ethically right or wrong. (EN E 1,2,3,4)

(a)  

36.

Which out of these are benefits of ethics in business? (EN E 1,2,3,4)

a)

High employee morale

b)

Good public image

c)

High employee turnover

d)

Low market reputation

37.

Listen to the audio and identify which product advertisement does this audio belong to? (EN E 1,2,3,4)

a)

Pepsi

b)

KFC

c)

Cadbury Silk

d)

Adidas

38.

Integrity in business means (EN E 1,2,3,4)

a)

To be honest and forthright with one another and with customers, communities, suppliers, and other stakeholders.

b)

To say what you mean, to deliver what you promise, and to stand up for what is right.

c)

To obey all laws of the countries where you do business

d)

To treat others with dignity and fairness

39.

Below are the areas concerning of ethics in businesses, EXCEPT? (EN E 1,2,3,4)

a)

Honest

b)

Friendship

c)

Citizenship

d)

Integrity

40.

The following are the examples of environmental issues associated with businesses ethics, EXCEPT? (EN E 1,2,3,4)

a)

Air pollution

b)

Water pollutions

c)

Unsafe workplace

d)

Toxic waste disposal

41.

The importance of ethics in entrepreneurship are include (EN E 1,2,3,4)

a)

attract employees to the firm's products and boosting the sales and profit

b)

make customers want to stay with the company and reduce turnover.

c)

attract investors and keep the company's share price high

d)

none of the above

42.

which of the following not to improve ethics in entrepreneurship? (EN E 1,2,3,4)

a)

Respect

b)

Integrity

c)

oriented

d)

All of the above