wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Entreprenership Quarter 3 Summative 1

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

1. The word “entrepreneur” was derived from the French verb enterprende. What does it mean?

a)

a. to end

b)

b. to forgo

c)

c. to neglect

d)

d. to undertake

2.

2. Which refers to entrepreneurship?

a)

a. the enterprise

b)

b. the entrepreneur

c)

c. the market

d)

d. the process

3.

3. It is one of the factors affecting entrepreneurship which includes political, climate, legal system, economic and social conditions and market situations.

a)

a. cultural factors

b)

b. environmental factors

c)

c. personality factors

d)

d. societal factors

4.

4. These are factors that are trait dependent, and often vary from one person to another depending on that person's personality.

a)

a. cultural factors

b)

b. environmental factors

c)

c. personality factors

d)

d. societal factors

5.

5. They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied.

a)

a. Drone entrepreneurs

b)

b. Fabian entrepreneurs

c)

c. Innovative entrepreneurs

d)

d. Social entrepreneurs

6.

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)

a. Drone entrepreneurs

b)

b. Fabian entrepreneurs     

c)

c. Innovative entrepreneurs

d)

d. Social entrepreneurs

7.

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)

a. Drone entrepreneurs

b)

b. Fabian entrepreneurs

c)

c. Innovative entrepreneurs

d)

d. Social entrepreneurs

8.

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)

a. Business Consultant

b)

b. Business Reporter

c)

c. Researcher

d)

d. Teacher

9.

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)

a. Economic and dynamic activity

b)

b. Innovative

c)

c. Profit Potential 

d)

d. Risk bearing

10.

10. The entrepreneur can be compensated by his profit coming from the operation.

a)

a. Economic and dynamic activity

b)

 b. Innovative

c)

c. Profit Potential 

d)

d. Risk bearing

11.

11. This means that one of the benefits an entrepreneur gets is to develop his managerial skills.

a)

a. Creation of Organizations

b)

b. Development of Managerial capabilities

c)

c. Improving standard of living

d)

d. Means of economic development

12.

12. This means that entrepreneurship can lift up the economic status of an individual.

a)

a. Creation of Organizations

b)

b. Development of Managerial capabilities

c)

c. Improving standard of living

d)

d. Means of economic development

13.

13. Which means that because of entrepreneurships many organizations will exist.

a)

a. Creation of Organizations

b)

b. Development of Managerial capabilities

c)

b. Development of Managerial capabilities

d)

d. Means of economic development

14.

14. This means that not only the life of the entrepreneur is improved but also the society where the business is located.

a)

a. Creation of Organizations

b)

b. Development of Managerial capabilities

c)

c. Improving standard of living

d)

d. Means of economic development

15.

15. It is an entrepreneur must have the ability to be the first to see business chances.

a)

a. Communicator

b)

b. Opportunity seeker

c)

c. Proactive

d)

d. Risk Taker

16.

16. It is an entrepreneur who is controlling a situation by making things to happen or by preparing for possible future problems.

                                                

a)

a. Communicator

b)

b. Opportunity seeker

c)

   c. Proactive

d)

d. Risk Taker

17.

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)

a. Entrepreneurial gut game

b)

b. Entrepreneurial heart flame     

c)

c. Entrepreneurial mind frame.

d)

d. Entrepreneurial Process

18.

18. Entrepreneur's driven passion, they are attracted to discover satisfaction in the act and process of discovery.

                                             

                                      

a)

a. Entrepreneurial gut game     

b)

b. Entrepreneurial heart flame   

c)

c. Entrepreneurial mind frame. 

d)

d. Entrepreneurial Process

19.

19. This allows the entrepreneur to see things in a very positive and optimistic way in the midst of difficult situation.

                                                  

                                         

a)

a. Entrepreneurial gut game

b)

b. Entrepreneurial heart flame

c)

c. Entrepreneurial mind frame.

d)

d. Entrepreneurial Process

20.

20. This refers to the ability of the entrepreneur of being intuitive. This also known as intuition.

                                                

                                       

a)

a. Entrepreneurial gut game  

b)

b. Entrepreneurial heart flame

c)

c. Entrepreneurial mind frame. 

d)

   d. Entrepreneurial Process

21.

21. The interest, hobbies, and preferences of people are rich source of entrepreneurial ideas.

                                      

                                                     

a)

a. Changes in the environment   

b)

b. Past experiences   

c)

c. People’s interest

d)

d. Technological discovery and advancement

22.

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)

a. Changes in the environment

b)

b. Past experiences 

c)

c. People’s interest

d)

d. Technological discovery and advancement

23.

23. It refers to the physical environment, societal environment, and industry environment where the business operates.

                                             

                                               

a)

a. External environment   

b)

b. Industry environment   

c)

   c. Physical environment

d)

d. Societal environment

24.

24. It includes physical, societal and industry environment.

                                         

                                                        

a)

a. Changes in the environment

b)

b. Past experiences

c)

c. People’s interest

d)

d. Technological discovery and advancement

25.

25. They are the one that pays cash in exchange to your goods and services.

a)

A. Buyers

b)

B. Suppliers

c)

C. New entrants

d)

D. Rivals

26.

26. They are the one that provide something that is needed or wanted.

a)

A. Buyers

b)

B. New entrants

c)

C. Rivals

d)

D. Suppliers

27.

27. It means anything that takes the place or function of another.

a)

A. Extra

b)

B. New entrant

c)

C. Replacement

d)

D. Substitute

28.

28. It is a state or situation in which people or groups are competing with each other.

a)

A. Argument

b)

B. Competition

c)

C. Rivalry

d)

D. Quarrel

29.

29. It is defined as the one who enters something.

a)

A. Buyers

b)

B. New entrants

c)

C. Rivals

d)

D. Suppliers

30.

30. It is the act or process of trying to get or win something.

a)

A. Competition

b)

B. Debate

c)

C. Games

d)

D. Rivalry