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EC-4213 Entrepreneurship

Total questions: 35

Worksheet time: 18mins

Name
Class
Date
1.
What is an entrepreneur?
a)
A person who is in charge of a specific location.
b)
A person who works for someone else in order to learn skills.
c)
A person who organizes and operates a business or businesses.
d)
None of these
2.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organized
d)
irresponsible
3.
An entrepreneur is someone who works for themselves.
a)
True
b)
False
4.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
5.
ALL entrepreneurs have a college degree.
a)
True
b)
False
6.

How do MANY people become millionaires?

a)

They save aggressively, avoid debt, and invest their money.

b)

They win the lottery.

c)

The inherit it from family.

d)

They avoid the stock market.

7.

Entrepreneurs have to find their own health insurance and plan for retirement.

a)

True

b)

False

8.

Entrepreneurs do not pay taxes to the BIR.

a)

True

b)

False

9.

Which is a common characteristic of an entrepreneur?

a)

organized

b)

vindictive

c)

impressionable

d)

irresponsible

10.
The activity of presenting products or services to customers
a)
selling
b)
producing
c)
marketing
11.

The capacity for innovation, investment and expansion in new markets, products and techniques.

a)

Business

b)

Businessman

c)

Entrepreneur

d)

Entrepreneurship

12.

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

a)

Business

b)

Businessman

c)

Entrepreneur

d)

Entrepreneurship

13.

A true entrepreneur doesn’t ask questions about whether or not they’ll succeed—they truly believe they will.

a)

Creative

b)

Hardworking

c)

Perseverance

d)

RiskTAker

14.

They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.

a)

Creative

b)

Perseverance

c)

Persistence

d)

Self Confidence

15.

Entrepreneurs are dreamers and believe their ideas are possible, even when they seem unattainable.

a)

Hardworking

b)

Opportunity Seeker

c)

Optimistic

d)

Self Confidence

16.

A Spanish word which means self love; a sense of self-esteem or self-respect that prevents a person from swallowing his pride

a)

Amor Propio

b)

Bahala Na System

c)

Balimbing

d)

Ningas Kugon

17.

This trait means leaving everything to chance or “letting the circumstances take care of itself”.

a)

Amor Propio

b)

Bahala Na System

c)

Balimbing

d)

Ningas Kugon

18.

Instead of doing things that could help one to develop and become better than his competitors, Filipinos devote so much of their time gossiping and back-biting.

a)

BALIMBING

b)

CRAB MENTALITY

c)

MAÑANA HABIT

d)

NINGAS KUGON

19.

The idea of returning the favor to those who have done good deeds.

a)

PAKIKIPAGKAPWA-TAO

b)

PAKIKIBAGAY

c)

PAGKAMATIPID

d)

UTANG NA LOOB

20.

They genuinely love their work.

a)

COMMITTED

b)

DEDICATION

c)

PASSION

d)

STRONG PEOPLE SKILL

21.

Quality related to inquisitive thinking such as exploration, investigation, and learning, evident by observation in humans and other animals.

a)

CREATIVE

b)

COMMITMENT

c)

CURIOSITY

d)

PASSION

22.

They have endless curiosity to discover new or different ideas and see whether these ideas will work in the marketplace.

a)

CURIOSITY

b)

HARDWORKING

c)

OPPORTUNITY SEEKER

d)

SELF CONFIDENCE

23.

Wealth Creation

a)

Entrepreneurs invest their own resources and attract capital (in the form of debt, equity, etc.) from investors, lenders and the public.

b)

Entrepreneurs setting up new businesses and industrial units help with regional development by locating in less developed and backward areas.

24.

CREATE JOBS

a)

JOB CREATORS

b)

JOB SEEKERS

25.

COMMUNITY DEVELOPMENT

a)

Increase in the standard of living of people in a community

b)

Requires infrastructure for education and training, healthcare, and other public services.

c)

More resources like land, labor and capital to develop products and services that add to the national income, national product and per capita income of the country.

26.

DETERMINATION, BRAVERY AND COURAGE

a)

ENTREPRENEURIAL GUTS FRAME

b)

ENTREPRENEURIAL HEART FRAME

c)

ENTREPRENEURIAL MIND FRAME

27.

A person who starts, manages, and owns a business.

a)

Entrepreneur

b)

Entrepreneurship

c)

Business

28.

The process of starting and managing your own business.

a)

Entrepreneur

b)

Entrepreneurship

c)

Franchising

29.

This is an advantage of Entreprenurship

a)

Flexible work hours

b)

You are your own boss

c)

Recognition

d)

Do something that you always wanted to d

e)

all of the above

30.

This is a business owned by one person

a)

Partnership

b)

Corporation

c)

Franchise

d)

Sole Proprietorship

e)

Limited Liability Company

31.

This is a business owned by two or more people

a)

Partnership

b)

Corporation

c)

Franchise

d)

Sole Proprietorship

e)

Limited Liability Company

32.

This is a legal entity owned by stockholders and operated by a board of directors It operates as a separate legal entity apart from the owners.

a)

Partnership

b)

Corporation

c)

Franchise

d)

Sole Proprietorship

e)

Limited Liability Company

33.

The right or license granted by a company to an individual or group to market its products or services in a specific territory

a)

Partnership

b)

Corporation

c)

Franchise

d)

Sole Proprietorship

e)

Limited Liability Company

34.

this is a hybrid business entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are.

a)

Partnership

b)

Corporation

c)

Franchise

d)

Sole Proprietorship

e)

Limited Liability Company

35.

Select all of the ways to enter a business

a)

Open a new business

b)

Buy an existing business

c)

Buy a franchise

d)

Join the family business

e)

All of the above

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