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Entrepreneurship

Total questions: 16

Worksheet time: 9mins

Name
Class
Date
1.

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

a)

Business

b)

Businessman

c)

Entrepreneurship

d)

Entrepreneur

2.

It is a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively

a)

Resources

b)

Means

c)

Products

d)

Materials

3.

The following are examples of non-human resources except one, which one is not?

a)

Capital

b)

Building

c)

Time

d)

Machinery

4.

Risks are situations involving exposure to dangers. Click the risks that are usually present in entrepreneurship.

a)

Warehouse burnt

b)

Price changes

c)

competition

5.

In venturing into business, one must consider the available resources. For what reasons? Click the answers that apply.

a)

to run and manage the business successfully

b)

to be able to sustain the business operation

c)

to be able to sit down and let the business staff do the operation

d)

to avoid failures

6.

What is the main contribution of entrepreneurship to the country's economy?

a)

popularity

b)

tax

c)

investors

d)

consumers

7.

What is referred to as the place of selling/buying, potential buyers, and marketing strategy?

a)

products

b)

means

c)

market

d)

resources

8.

Which of the following is an Entrepreneur?

a)

Coco Martin

b)

Tony Tan Caktiong

c)

Jung Kook

d)

Jessica Soho

9.

What is an entrepreneur?

a)

A person who works for someone else in order to learn skills.

b)

A person who is in charge of a specific location.

c)

A person who organizes and operates a business or businesses.

d)

None of these

10.

Which is NOT a common characteristic of an entrepreneur?

a)

risk-taker

b)

organized

c)

creative

d)

irresponsible

11.

What are the key/unique characteristics that a person should possess to be able to perform entrepreneurial functions effectively?

a)

Personal Entrepreneurial Committees

b)

Personal Entrepreneurial Competencies

c)

Personal Entrepreneurial Categories

d)

All of the above

12.

Entrepreneurs look for business ideas and new and better ways to solve problems.

a)

True

b)

False

13.

Showing trust with own's skills, ability, and judgment.

a)

Confident

b)

Hardworking

c)

Discipline

d)

Committed

14.

The key concept of entrepreneurship, the outcome of creativity resulted to a new and different way of doing things.

a)

creativity

b)

innovation

c)

discipline

d)

risk taker

15.

A company wherein several business owners work together to produce particular dynamics that are advantageous to them.

a)

enterprise

b)

business

c)

environment

d)

none of the above

16.

It is the total of all things external to firms and industries which affect their organization and operation.

a)

enterprise

b)

business environment

c)

entrepreneur

d)

entrepreneurship