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THE ENTREP

Total questions: 35

Worksheet time: 20mins

Name
Class
Date
1.

A set of assumptions, methods, or notations held by one or more people or groups of people which is so established that it creates a powerful incentive within these people or groups to continue to adopt or accept prior behaviors, choices, or tools.



(a)  

2.

The spark that drives the development of new products or services or ways to do business.

it is the push for innovation and improvement. It is continuous learning, questioning, and thinking outside of prescribed formulas.

a)

MOTIVATION

b)

CREATIVITY

c)

DEDICATION

d)

PASSION

3.

Is what gets entrepreneurs started and keeps them there. It gives entrepreneurs the ability to convince others to believe on their vision. It can't substitute for planning, but it will help them to stay focused and to get others to look at their plans.

a)

MOTIVATION

b)

PASSION

c)

CREATIVITY

d)

LEADERSHIP

4.

Personal Characteristics tend to make some people better at recognizing opportunities than others

a)

true

b)

false

5.

Risks include losing customers because the quality of the service falls short.

a)

TRUE

b)

FALSE

6.

If you have a passion for doing things and creating something, your business will have very high profitability of failure.

a)

TRUE

b)

FALSE

7.

Make your product or service different and unique.

a)

TRUE

b)

FALSE

8.

What best describes an entrepreneur?

a)

a person who is willing to take the risk

b)

A person who has money to start a business

c)

A person who has the qualities to run a business

d)

A person who is willing to take a calculated risk and willing to start a business

9.

Which of the following is a personality factor that affects entrepreneurship?

a)

Political climate

b)

Self Confidence

c)

Market Situations

d)

Socio Economic Conditions

10.

Which among the myths about entrepreneurs is FALSE?

a)

Entrepreneurs Are Gamblers

b)

Entrepreneurs are like mushrooms that grow anywhere

c)

Entrepreneurs Are Motivated Primarily by Money

d)

Entrepreneurs Should Be Young and Energetic

11.

The innovations of entrepreneurial firms have a dramatic impact on society.

a)

false

b)

true

c)

maybe

d)

cannot say

12.

Entrepreneurship aims to respond to the demands of the people.

a)

TRUE

b)

FALSE

13.

An entrepreneur owns, operates, and takes the risk of business ventures.

a)

TRUE

b)

FALSE

14.

Money is the first investment of an entrepreneur.

a)

TRUE

b)

FALSE

15.

Having a degree in entrepreneurship will guarantee a person that his/her business venture will succeed.

a)

TRUE

b)

FALSE

16.

Entrepreneurship encourages an individual to think outside the box.

a)

TRUE

b)

FALSE

17.

No entrepreneur has the chance to recover from any economic downfall, financial crackdown, or losses.

a)

TRUE

b)

FALSE

18.

Entrepreneurship helps broaden the creativity of the community only.

a)

TRUE

b)

FALSE

19.

Only a graduate of the entrepreneurship course will allow you to have your business someday.

a)

TRUE

b)

FALSE

20.

Entrepreneurship gives opportunities for students to be part of a globally competitive world.

a)

TRUE

b)

FALSE

21.

Competitiveness in the market encourages entrepreneurs to improve their products and services.

a)

TRUE

b)

FALSE

22.

Johnny has a passion for cooking. He used his passion and skills in establishing his own business. He is considered a passionate entrepreneur.

a)

TRUE

b)

FALSE

23.

Keith failed in her three previous businesses, yet she established another one during the pandemic. Her dominant characteristic as an entrepreneur is being innovative.

a)

TRUE

b)

FALSE

24.

An innovative entrepreneur does not like to break away from tradition.

a)

TRUE

b)

FALSE

25.

Entrepreneurship helps the students identify their strengths and talents and to work on improving them.

a)

TRUE

b)

FALSE

26.

Entrepreneurship paves the way for students to become successful entrepreneurs in the future.

a)

TRUE

b)

FALSE

27.

With appropriate management skills, a business could operate effectively and efficiently.

a)

TRUE

b)

FALSE

28.

Arnold, a restaurateur, always finds new recipes to add to the menu. Arnold is considered a persuasive entrepreneur.

a)

TRUE

b)

FALSE

29.

Studying entrepreneurship can actually lead businesses to failures and shrinkages.

a)

TRUE

b)

FALSE

30.

An idea is the heart and core of entrepreneurship.

a)

TRUE

b)

FALSE

31.

They spend their time documenting their intelligence or talent instead of developing them.



(a)  

32.

This creates a love of learning and a resilience that is essential for great accomplishment.



(a)  

33.

Is a set of cognitive (thinking) processes that triggers the individuals to act or to behave entrepreneurially.

(a)  

34.

Give atleast two importance of Entrepreneurial Mindset



(a)  

35.

It is feature of an individual which is inherited.

(a)