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SHH: PRELIM ENTREP

Total questions: 26

Worksheet time: 13mins

Name
Class
Date
1.

Entrepreneurs are made not born

a)

TRUE

b)

FALSE

2.

"Prepared entrepreneurs who seize the opportunity when it arises seem "lucky".

a)

TRUE

b)

FALSE

3.

The following are macro view on the school of entrepreneurship except?

a)

ENTREPRENURIAL VALUES

b)

ENVIRONMENTAL SCHOOLS OF THOUGHT

c)

FINANCIAL SCHOOL OF THOUGHT

d)

DISPLACEMENT SCHOOLS OF THOUGHT

4.

The following are true about the micro view, except?

a)

IT INVOLVES FACTORS THAT AFFECT THE LIFESTYLE

b)

VENTURES OPPORTUNITY SCHOOL OF THOUGHT

c)

ENTREPRENEURIAL TRAIT SCHOOLS OF THOUGHT

d)

STRATEGIC FORMULATION SCHOOLS OF THOUGHT

5.

5. The following are the phenomena which cause displacement from advancing entrepreneurial activities.

a)

Politics,

b)

Culture

c)

Economy

6.

6. The following are the elements of entrepreneurship except?

a)

INVENTION

b)

Entrepreneurs are Extreme Risk takers.

c)

All that Entrepreneurs Need is Luck

7.

7. Which of the following comes first from different entrepreneurial activities?

a)

SEIZE OPPORTUNITY

b)

LUCKY

c)

PREPAREDNESS

8.

8. Which task comes after the assumption risk?

a)

REALIZE PROFIT

b)

REALIZES REWARD

c)

REALIZES OPPORTUNITY

9.

9. Which task comes prior to the assumption risk?

a)

ADD VALUES

b)

Realizes the rewards from these efforts.

c)

Recognize & seize opportunities;

10.

10. Which approach emphasizes the planning process in successful venture development?

a)

STRATEGIC FORMULATION

b)

LOGICALLY COHERENT FORMULATION

c)

THEORETICAL FORMULATION

11.

11. Utilizing the typology of entreprenurial style,which term appropriately describe a person engaged in a venture with LOW PROFIT

a)

ACTIVITY SEEKING

b)

CAPITAL SEEKING PROCESS

c)

LONELINESS SEEKING

12.

12. Utilizing the typology of entrepreneurial style, which term appropriately describe a person engaged in a venture with LOW RISK

a)

RISK AVOIDING

b)

AVOIDING MYTHS

c)

LEGAL RISK

13.

13. It is the greatest risk to well being of the entrepreneur

a)

PSYCHIC RISK

b)

FINANCIAL RISK.

c)

CAREER RISK

d)

FAMILY & SOCIAL RISK

14.

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?

a)

TAKING CALCULATED RISK

b)

RISK TAKING TO ENSURE SUCCESS OF HIS OR HER OWN BUSINESS

c)

CAREER RISK

15.

15. It is defined as having the business qualities and abilities required for successful performance of one's professional duties

a)

PROFESSIONALISM

b)

COMPETENCY

c)

AWARENESS

16.

16. Refers in taking someone else's work and presenting as it was your own without mentioning the source is another ethical issues

a)

PLAGIARISM

b)

COMMUNICATION

c)

CONFIDENTIALITY

17.

17. This involved keeping company secret, meeting obligation and responsibility and avoiding undue pressure that may force others to act unethically

a)

BUSINESS RELATIONSHIP

b)

CONFIDENTIALITY

c)

PARTNERSHIP

18.

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

a)

ENTREPRENURIAL ETHICS

b)

BUSINESS ETHICS

c)

PROFESSIONAL ETHICS

19.

19. An ______ exist when a person must choose whether to advance her/his own personal interest or those of others

a)

CONFLICT OF INTEREST

b)

Fairness and Honesty

c)

COMMUNICATION

20.

20. Starting a business involve risk. The higher the rewards. The ______ risk

a)

HIGHER

b)

LOWER

c)

SIMPLE

21.

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?"

a)

CAREER RISK

b)

FINANCIAL RISK

c)

PSYCHIC RISK.

22.

22. was viewed as a function of discrepancies between a person's expectations and his personality.

a)

ENTREPRENURIAL STRESS

b)

FINANCIAL STRESS

c)

PSYCHIC STRES

23.

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.

a)

DESCRIBE THE INTERNAL LOCUS OF CONTROL

b)

EXHIBIT A STRONG LOCUS OF EXTERNAL CONTROL.

24.

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.

a)

DESCRIBE THE INTERNAL LOCUS OF CONTROL

b)

DESCRIBE PERSISTENT PROBLEM SOLVING

25.

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

a)

DESCRIBE THE INTERNAL LOCUS OF CONTROL

b)

DESCRIBE PERSISTENT PROBLEM SOLVING

c)

DESCRIBE CALCULATED RISK TAKING

26.

26. Entrepreneurial activity involves putting a large chunk of his savings at stake. If the venture looses, his money is likewise lost.

a)

FINANCIAL RISK.

b)

PSYCHIC RISK

c)

FAMILY & SOCIAL RISK