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Entrepreneurship

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

He also known for popularizing the term “creative destruction” which essentially means getting rid of an obsolete way in order to usher in new way of doing business.

a)

Mr. and Mrs. Gilbreth

b)

Erik Erikson

c)

Joseph Schumpeter

d)

Fredrick Fayol

2.

A Quality allows the entrepreneur to see things in a very positive and optimistic light in the midst of crisis or difficulty situation. Instead of being discouraged, the entrepreneur is able to use these problematic situations as inspiration for creating something innovative.

a)

Entrepreneurial Heart Flame

b)

Entrepreneurial Mind Flame

c)

Entrepreneurial Mindset

d)

Entrepreneurial Gut Game

3.

This refers to the ability of the entrepreneur to sense without using the five senses. This is also known as intuition. The gut game also connotes courage or, in the local dialect, “lakas ng loob” (strong intestinal fortitude).

a)

Entrepreneurial Gut Game

b)

Entrepreneurial Heart Flame

c)

Entrepreneurial Mind Frame

d)

Entrepreneurial Mindset

4.

How to be a good Entrepreneur?

a)

Another route for nurturing young entrepreneur is to train and educate them in specific skills and competencies which they can use for setting up their own business.

b)

Learn enough about how the particular business is run while being employed.

c)

Children who grow up in entrepreneurial families often imbibe, through parental “osmosis”, the fundamentals of running a particular business, mainly their family owned business.

d)

All of the Above

5.

It serves the entrepreneurs who must set a navigational course.

a)

Management Plan

b)

Business Plan

c)

Floor Plan

d)

Franchise

6.

A ________ is a formula on how exactly the enterprise plans to make money out of the business.

a)

Business Model

b)

Business Plan

c)

Business Concept

d)

Enterprise

7.

One of the contents in Business Plan contains the essence of the enterprise in a concise but powerful manner.

a)

Business Plan

b)

Business Model

c)

Business Concept

d)

Business Goals

8.

The _________ show the future and long-term targets of the enterprise. It is composed of the vision, mission, objectives, key result areas, and performance indicators (VMOKRAPI) of the enterprise.

a)

Executive Summary

b)

Business Concept

c)

Business Model

d)

Business Goals

9.

Part of the Business Plan that contains everything that is relevant and important to the business audience.

a)

Business Proponents

b)

The Target Customers and the Main Value Proposition

c)

Executive Summary

d)

Market Demand and Supply, Industry Dynamics, 

and Macro-environmental Factors

10.

The third section of the business plan contains information about the stakeholders.

a)

Business Proponent

b)

Executive Summary

c)

Business Goals

d)

Enterprise Strategy and Enterprise Delivery System