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Tutorial Entrepreneurship Chapter 1,2, & 3

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

An entrepreneur typically possesses ________.

a)

the ability to access capital easily

b)

specialized technical abilities

c)

a high level of commitment, tolerance of ambiguity, flexibility and tenacity

d)

a set of unique skills, usually accompanied by advanced degrees in several areas

2.

Below are the strategy to develop an entrepreneurial culture, EXCEPT __________.

a)

having a clear direction

b)

seizing opportunities

c)

being creative and innovative

d)

conducting market survey

3.

The importance of information and communication technology (ICT) to entrepreneurs is to ________.

a)

attract very few customers

b)

Enable the company to be visited without time restrictions

c)

Immediately get a customer to buy their product

d)

maximize management cost

4.

Which of the following is representing entrepreneur’s responsibility towards its competitor?

a)

practice healthy competition

b)

Create more job opportunities

c)

Initiate a lots of research and development (R&D) activities

d)

Improve lifestyle of the society

5.

Listed below are the approaches can be done to seek a business idea, EXCEPT:

a)

fulfilling needs and interests

b)

analyzing life problems

c)

observing changes in the community

d)

hiring new employees

6.

One of the advantage of e-commerce is ______.

a)

faster and easier transaction

b)

customer loyalty

c)

having clear direction

d)

increase numbers of investors

7.

To comply with the business ethics, an entrepreneur must ______.

a)

provide clear information to the customers

b)

declare the financial position of the company to the public

c)

hiring enough employee to maintain efficiency

d)

actively involve in research and development activities

8.

There are 3 types of capital needed in the business, EXCEPT:

a)

permanent capital

b)

working capital

c)

plantation capital

d)

walking capital

9.

Information gain from observation, experiment, interview and survey can be classified as _______.

a)

Primary sources

b)

Secondary sources

c)

Information transfer tools

d)

Information search engine

10.

To become a successful entrepreneur, an indivodual must ______.

a)

hate competition

b)

certain with the monthly income

c)

become a risk taker

d)

discouragement