Font size
WorksheetsSHH: PRELIM ENTREP
Total questions: 26
Worksheet time: 13mins
Entrepreneurs are made not born
TRUE
FALSE
"Prepared entrepreneurs who seize the opportunity when it arises seem "lucky".
TRUE
FALSE
The following are macro view on the school of entrepreneurship except?
ENTREPRENURIAL VALUES
ENVIRONMENTAL SCHOOLS OF THOUGHT
FINANCIAL SCHOOL OF THOUGHT
DISPLACEMENT SCHOOLS OF THOUGHT
The following are true about the micro view, except?
IT INVOLVES FACTORS THAT AFFECT THE LIFESTYLE
VENTURES OPPORTUNITY SCHOOL OF THOUGHT
ENTREPRENEURIAL TRAIT SCHOOLS OF THOUGHT
STRATEGIC FORMULATION SCHOOLS OF THOUGHT
5. The following are the phenomena which cause displacement from advancing entrepreneurial activities.
Politics,
Culture
Economy
6. The following are the elements of entrepreneurship except?
INVENTION
Entrepreneurs are Extreme Risk takers.
All that Entrepreneurs Need is Luck
7. Which of the following comes first from different entrepreneurial activities?
SEIZE OPPORTUNITY
LUCKY
PREPAREDNESS
8. Which task comes after the assumption risk?
REALIZE PROFIT
REALIZES REWARD
REALIZES OPPORTUNITY
9. Which task comes prior to the assumption risk?
ADD VALUES
Realizes the rewards from these efforts.
Recognize & seize opportunities;
10. Which approach emphasizes the planning process in successful venture development?
STRATEGIC FORMULATION
LOGICALLY COHERENT FORMULATION
THEORETICAL FORMULATION
11. Utilizing the typology of entreprenurial style,which term appropriately describe a person engaged in a venture with LOW PROFIT
ACTIVITY SEEKING
CAPITAL SEEKING PROCESS
LONELINESS SEEKING
12. Utilizing the typology of entrepreneurial style, which term appropriately describe a person engaged in a venture with LOW RISK
RISK AVOIDING
AVOIDING MYTHS
LEGAL RISK
13. It is the greatest risk to well being of the entrepreneur
PSYCHIC RISK
FINANCIAL RISK.
CAREER RISK
FAMILY & SOCIAL RISK
14. When isko decided to participate in venture, they do so in a very calculated, well thought out manner, They do everything possible to get the odds in their favor. This values of an entrepreneur refers to?
TAKING CALCULATED RISK
RISK TAKING TO ENSURE SUCCESS OF HIS OR HER OWN BUSINESS
CAREER RISK
15. It is defined as having the business qualities and abilities required for successful performance of one's professional duties
PROFESSIONALISM
COMPETENCY
AWARENESS
16. Refers in taking someone else's work and presenting as it was your own without mentioning the source is another ethical issues
PLAGIARISM
COMMUNICATION
CONFIDENTIALITY
17. This involved keeping company secret, meeting obligation and responsibility and avoiding undue pressure that may force others to act unethically
BUSINESS RELATIONSHIP
CONFIDENTIALITY
PARTNERSHIP
18. It is a study of proper business policies and practice regarding potential controversial issues, such as corporate governance, bribery, discrimination, corporate social responsibility and fiduciary responsibilities
ENTREPRENURIAL ETHICS
BUSINESS ETHICS
PROFESSIONAL ETHICS
19. An ______ exist when a person must choose whether to advance her/his own personal interest or those of others
CONFLICT OF INTEREST
Fairness and Honesty
COMMUNICATION
20. Starting a business involve risk. The higher the rewards. The ______ risk
HIGHER
LOWER
SIMPLE
21. Ventures may require full-time focus that a would-be entrepreneur often asks, will I be able to find a job or go back to my old job should the venture fall?"
CAREER RISK
FINANCIAL RISK
PSYCHIC RISK.
22. was viewed as a function of discrepancies between a person's expectations and his personality.
ENTREPRENURIAL STRESS
FINANCIAL STRESS
PSYCHIC STRES
23. Successful entrepreneurs believe in themselves. They believe that success or venture will be governed by fate, luck, or similar forces. They believe that their accomplishments and setbacks are within their own control and influence.
DESCRIBE THE INTERNAL LOCUS OF CONTROL
EXHIBIT A STRONG LOCUS OF EXTERNAL CONTROL.
24. Entrepreneurs are not intimidated by difficult situations. In fact, their self-confidence and general optimism seem to translate into means. If the task is unsolvable, an entrepreneur often gives up sooner than others do.
DESCRIBE THE INTERNAL LOCUS OF CONTROL
DESCRIBE PERSISTENT PROBLEM SOLVING
25. Successful entrepreneurs are not gamblers- they are risk takers. When they decide to participate in a venture, they do so in a very calculated, well-thought out manner. They do everything possible to get the odds in their favor
DESCRIBE THE INTERNAL LOCUS OF CONTROL
DESCRIBE PERSISTENT PROBLEM SOLVING
DESCRIBE CALCULATED RISK TAKING
26. Entrepreneurial activity involves putting a large chunk of his savings at stake. If the venture looses, his money is likewise lost.
FINANCIAL RISK.
PSYCHIC RISK
FAMILY & SOCIAL RISK
