WorksheetsENTREPRENEURSHI FIRST QUARTER LONG TEST
Total questions: 31
Worksheet time: 31mins
A scheme aimed at improving the living standards of the nation's citizenry.
entrepreneurship
business
economic development
start up stage
It refers to the economic activity of a person who starts, manages, and assumes the risk of a business enterprise
entrepreneurship
economic development
small business
technology
It may be defined as the introduction of a new method, procedure, custom, device , among others,
start up stage
invention
innovation
development
It refers to the discovery or devising new products and processes.
innovation
invention
development
business
It happens when the entrepreneur starts to question the feasibility of an idea, product, or services
prestart - up stage
start up stage
early growth stage
late growth stage
It follows after establishing feasibility.
prestart - up stage
start-up stage
early growth stage
late growth stage
Which of the following is not an element of economic development?
human resources
technology
profits
capital formation
It may be defined as one which is independently owned and operated and which is not dominant in its field of operation.
small business
corporation
enterprise
company
It is a type of business which is involved in the conversion of raw materials into products needed by society.
manufacturing
service
wholesaling
retailing
It covers all activities involved in the sale of good and/or services to the final consumers.
service
wholesaling
retailing
general construction firm.
It is the study of moral obligation involving the distinction between right nd wrong.
ethics
business ethics
small business
situation
A formal document indicating the entrepreneurship's adapted principles of appropriate behavior
ethics
business ethics
code of ethics
none of these
It can be in a form of dismissal, demotion, suspension, or reprimand.
code of ethics
rewards
punishment
small business
It may be given in the form of cash gifts, promotion, or citation.
business ethics
ethics
rewards
punishment
provision of trainings in ethics for employees
for code of ethics to be effective
ethics
customers
consumer's right to choose is violated by some traders
the rule about how entrepreneurs ought to behave
ethics
business ethics
right to be safe
customers
Establishes trust between buyers and sellers
adherence to ethical standards
right to be safe
customers
an unethical conduct
Individual differences
a factor influencing ethical behavior
consumer right which the entrepreneur must support
consumer right to choose is violated by some traders
an unethical conduct
Most probable victim when ethical abuses are committed
entrepreneur
students
customers
stock holders
Consumer right which the entrepreneur must support
Right to be safe
business ethics
consumers
an unethical conduct
Which of the following is not a way to encourage ethical behavior?
adaption of code of ethics
top management support
institution of reward and punishment
strict implementation of the boss with regards to company's policies
The following are examples of service business EXCEPT
movie house
school
bakery
Repair Shop
It refers to the pattern of characteristics that distinguishes one person from another.
personality
ethics
skills
service
The person with this personality type is expressive, nonconforming, original, and introspective.
social
artistic
enterprising
conventional
This person enjoys systematic manipulation of dat, filing of records, or reproducing materials.
enterprising
conventional
analytic
investigative
The factors that determine success or failure in entrepreneurship:
education and training of the entrepreneur
capital and business location
technical skills and popularity of the entrepreneur
environment and personality
This trait pushes the entrepreneur to pursue his chosen course without relenting even in the face of adversity.
drive
thinking ability
self confidence
reasonable risk taker
Entrepreneurs are expected to be reasonable risk takers because:
They seize every available opportunity to make profits
They believe that the best place to put their money is in the bank
They find it difficult to trust people
They are not conservative but also not gamblers
A person who is self confident is one who:
think he is better than anyone
believes in his ability
thinks he cannot fail
never stop pursuing his goal
The desire for high financial rewards motivate a person to become
an officer of a business firm
an employees
a professional
an entrepreneur
In new ventures, business ideas are fully emphasized during:
prestart up stage
start - up stage
early growth stage
later growth stage
