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WorksheetsEntreprenership Quarter 3 Summative 1
Total questions: 30
Worksheet time: 15mins
1. The word “entrepreneur” was derived from the French verb enterprende. What does it mean?
a. to end
b. to forgo
c. to neglect
d. to undertake
2. Which refers to entrepreneurship?
a. the enterprise
b. the entrepreneur
c. the market
d. the process
3. It is one of the factors affecting entrepreneurship which includes political, climate, legal system, economic and social conditions and market situations.
a. cultural factors
b. environmental factors
c. personality factors
d. societal factors
4. These are factors that are trait dependent, and often vary from one person to another depending on that person's personality.
a. cultural factors
b. environmental factors
c. personality factors
d. societal factors
5. They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied.
a. Drone entrepreneurs
b. Fabian entrepreneurs
c. Innovative entrepreneurs
d. Social entrepreneurs
6. They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.
a. Drone entrepreneurs
b. Fabian entrepreneurs
c. Innovative entrepreneurs
d. Social entrepreneurs
7. They are those who lives on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.
a. Drone entrepreneurs
b. Fabian entrepreneurs
c. Innovative entrepreneurs
d. Social entrepreneurs
8. What career suits you if you have the expertise of in the field of entrepreneurship, where you can be a very good source of advices to other entrepreneurs and would be business man?
a. Business Consultant
b. Business Reporter
c. Researcher
d. Teacher
9. Entrepreneurship involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources.
a. Economic and dynamic activity
b. Innovative
c. Profit Potential
d. Risk bearing
10. The entrepreneur can be compensated by his profit coming from the operation.
a. Economic and dynamic activity
b. Innovative
c. Profit Potential
d. Risk bearing
11. This means that one of the benefits an entrepreneur gets is to develop his managerial skills.
a. Creation of Organizations
b. Development of Managerial capabilities
c. Improving standard of living
d. Means of economic development
12. This means that entrepreneurship can lift up the economic status of an individual.
a. Creation of Organizations
b. Development of Managerial capabilities
c. Improving standard of living
d. Means of economic development
13. Which means that because of entrepreneurships many organizations will exist.
a. Creation of Organizations
b. Development of Managerial capabilities
b. Development of Managerial capabilities
d. Means of economic development
14. This means that not only the life of the entrepreneur is improved but also the society where the business is located.
a. Creation of Organizations
b. Development of Managerial capabilities
c. Improving standard of living
d. Means of economic development
15. It is an entrepreneur must have the ability to be the first to see business chances.
a. Communicator
b. Opportunity seeker
c. Proactive
d. Risk Taker
16. It is an entrepreneur who is controlling a situation by making things to happen or by preparing for possible future problems.
a. Communicator
b. Opportunity seeker
c. Proactive
d. Risk Taker
17. Creation of an entrepreneurial ideas leads to the identification of entrepreneurial opportunities, which in turn results in the opening of an entrepreneurial venture.
a. Entrepreneurial gut game
b. Entrepreneurial heart flame
c. Entrepreneurial mind frame.
d. Entrepreneurial Process
18. Entrepreneur's driven passion, they are attracted to discover satisfaction in the act and process of discovery.
a. Entrepreneurial gut game
b. Entrepreneurial heart flame
c. Entrepreneurial mind frame.
d. Entrepreneurial Process
19. This allows the entrepreneur to see things in a very positive and optimistic way in the midst of difficult situation.
a. Entrepreneurial gut game
b. Entrepreneurial heart flame
c. Entrepreneurial mind frame.
d. Entrepreneurial Process
20. This refers to the ability of the entrepreneur of being intuitive. This also known as intuition.
a. Entrepreneurial gut game
b. Entrepreneurial heart flame
c. Entrepreneurial mind frame.
d. Entrepreneurial Process
21. The interest, hobbies, and preferences of people are rich source of entrepreneurial ideas.
a. Changes in the environment
b. Past experiences
c. People’s interest
d. Technological discovery and advancement
22. The expertise and skills developed by a person who has worked in a particular field may lead to the opening of related business enterprise.
a. Changes in the environment
b. Past experiences
c. People’s interest
d. Technological discovery and advancement
23. It refers to the physical environment, societal environment, and industry environment where the business operates.
a. External environment
b. Industry environment
c. Physical environment
d. Societal environment
24. It includes physical, societal and industry environment.
a. Changes in the environment
b. Past experiences
c. People’s interest
d. Technological discovery and advancement
25. They are the one that pays cash in exchange to your goods and services.
A. Buyers
B. Suppliers
C. New entrants
D. Rivals
26. They are the one that provide something that is needed or wanted.
A. Buyers
B. New entrants
C. Rivals
D. Suppliers
27. It means anything that takes the place or function of another.
A. Extra
B. New entrant
C. Replacement
D. Substitute
28. It is a state or situation in which people or groups are competing with each other.
A. Argument
B. Competition
C. Rivalry
D. Quarrel
29. It is defined as the one who enters something.
A. Buyers
B. New entrants
C. Rivals
D. Suppliers
30. It is the act or process of trying to get or win something.
A. Competition
B. Debate
C. Games
D. Rivalry
