Font size
WorksheetsHELE 4 Diagnostic Test
Total questions: 50
Worksheet time: 26mins
Which of the following is a human basic needs?
car
food
travel
gadgets
ENTREPRENEUR a person who owns, organizes and operates a business or businesses.
TRUE
FALSE
What kind of business is shown in the picture?
product
service
hybrid
What kind of business is shown in the picture?
product
service
hybrid
Businesses are important because they provide products and services
TRUE
FALSE
________are the basic part of human make-up such as food, clothing, shelter or safety.
Needs
Wants
Demands
Tastes
________are objects or intangibles that are desired and not essential for living.
Needs
Wants
Demands
Tastes
________occur when there is buying power; wants will become demands.
Needs
Wants
Demands
Tastes
Choose the most accurate definition of leadership
A process of influencing individuals for their own benefit.
an effort to influence individuals to follow towards the achievement of their own goals.
activities to influence groups to work voluntarily to achieve individual interests.
interpersonal influence exercised in a situation through the process of communication towards the achievement of a specific goal.
A leader who has extensive knowledge and specialized skills on a subject or field is said to have the power of _________________
expert
absolute.
reference
reward
Entrepreneurs create ____________________ for themselves and others.
wealth
risk
plans
none of these
Focuses on his/her work either as a seller or a vendor.
Hardworking
Committed
Confident
Goal Oriented
An entrepreneur who sets aside personal needs.
Future oriented
Confident
Committed
Hardworking
He sees to it that the business will generate income and plans to expand the business through the business income.
Goal oriented
Future oriented
Responds to feedback
Profit oriented
He/She takes time to listen to the advice, suggestions and recommendations of fellow entrepreneurs.
Persistent
Copes with uncertainty
Set own standards
Willing to listen
Entrepreneurs do not give up.
Persistent
Hardworking
Committed
Goal oriented
He/she has an enduring and future-proof plan for the business.
Goal oriented
Profit oriented
Future oriented
Builds on strengths
An entrepreneur aims for the best and excels in all areas of the business.
Builds on strengths
Copes with uncertainty
Sets own standards
Open to feedback
Successful business people base their work on strengths. They look for things that enable them to do their best.
Builds on strengths
Copes with uncertainty
Profit oriented
Future oriented
A strong faith in one's ability is necessary despite the problems that one may face in the business.
Committed
Hardworking
Confident
Goal-oriented
An entrepreneur works with the future in mind.
Future oriented
Goal oriented
Profit oriented
Time oriented
Developing the interest and inclination to earn money can start early in childhood.
TRUE
FALSE
Parents and other members of the family can't influence the acquisition of basic values.
TRUE
FALSE
Teaching the child to save every centavo left from his/her allowance is instilling the values of productivity.
TRUE
FALSE
Teaching the child what to do with his/her savings so he/she can earn more is teaching the value of thriftiness.
TRUE
FALSE
Entrepreneur has a great psychological drive to achieve.
desire for responsibility
willingness to take risks
drive for achievement
drive and dynamism
Entrepreneurs possess the adventurous spirit of assuming the risks and converting these risks into success.
drive for achievement
desire for responsibility
willingness to take risks
drive and dynamism
Entrepreneur is one who commits himself / herself to the job.
drive and dynamism
willingness to take risks
desire for responsibility
drive for achievement
Entrepreneur makes a decision beneficial to a greater number of his/her employees.
self- control
foresight
diplomacy
persistence and hardwork
It is the ability to adjust to changes and the present demands of the times.
self -control
adaptability
foresight
diplomacy
It is the key to success.
diplomacy
hard work
adaptability
foresight
It is thinking not only of the present but of the future as well.
diplomacy
hard work
foresight
adequate knowledge
Entrepreneur possesses both general and technical knowledge.
foresight
adequate knowledge
self -control
adaptability
Effective entrepreneur is one who can relate well with the people from the top to bottom.
self-control
diplomacy
adequate knowledge
adaptability
The successful is sin continuous search of new ideas.
innovativeness
managerial activity
optimistic attitude
persuasive ability
The successful entrepreneur is a systematic person.
creativity
resourcefulness
managerial ability
persuasive ability
Which of the following is NOT a type of business ownership?
partnership
sole proprietorship
entrepreneurship
company
Which of the following is a type of business which operates as a separate legal entity?
corporation
franchise
partnership
sole partnership
Which of the following is defined as a business which is owned and operated by one individual?
partnership
sole proprietorship
company
franchise
This type of business is owned by many people called stockholders.
Sole Proprietorship
Partnership
Company
Franchise
How is a company different from a sole proprietorship or partnership?
A company has only one or two owners.
A company is usually owned by one person.
A company requires a legal charter with the state.
The owners (stockholders) have limited liability.
Characteristics include owned by two or more people and may be general or limited
Sole Propriotorship
Partnership
Company
Sara’s Hair Palace is a small, locally owned beauty salon in Sterling. This represents what type of business?
Company
Partnership
Sole proprietorship
