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FE - GEE12D

Total questions: 82

Worksheet time: 43mins

Name
Class
Date
1.

The physical assets that the business uses to operate, such as buildings, equipment, and technology.

a)

FINANCIAL RESOURCES

b)

HUMAN RESOURCES

c)

PHYSICAL RESOURCES

d)

SOCIAL RESOURCES

2.

The networks and relationships that the entrepreneur has with other individuals and organizations.

a)

FINANCIAL RESOURCES

b)

HUMAN RESOURCES

c)

PHYSICAL RESOURCES

d)

SOCIAL RESOURCES

3.

It is a combination of factors that play a role in the development of entrepreneurship.

a)

ENTREPRENEURIAL

RESOURCES

b)

ENTREPRENEURIAL

MIND

c)

ENTREPRENEURIAL

ENVIRONMENT

d)

ENTREPRENEURIAL

BEHAVIOR

4.

He is the owner of the Philippine-Export Garment Company here in our country.

a)

Nemesio Vega

b)

Ricardo Reyes

c)

Tony Tan Caktiong

d)

Henry Tan Caktiong

5.

She graduated from a local university and received her diploma in dermatology abroad.

a)

Socorro Ramos

b)

Dra. Vickie Belo

c)

Dr. Hayden Ko

d)

Colonel Sanders

6.

This term refers to the money used to start up a new business.

a)

buy

b)

exert

c)

loan

d)

capital

7.

This is the process of selling goods to distributors or retailers.

a)

retail

b)

buying

c)

networking

d)

wholesaling

8.

He is the CEO of GMA Network Inc. one of the largest media networks in the country.

a)

Ricky Reyes

b)

Felipe Gozon

c)

Nemesio Vega

d)

Brian Mckinley

9.

He/she is the President and CEO of the Bank of the Philippine Island or BPI?

a)

Lucio Tan

b)

Mariano Que

c)

Socorro Ramos

d)

Cezar P. Concing

10.

Who is the owner of Mercury Drugstore?

a)

Henry Sy

b)

Mariano Que

c)

Socorro Ramos

d)

Alfredo Yao

11.

The business of Henry Sy is ______________.

a)

Chowking

b)

Shoe Mart

c)

Mercury Drugstore

d)

Watsons Drugstore

12.

An understanding of the historical perspectives and the rationale of the various government policies on the development of entrepreneurship in Malaysia is a necessary requisite for Malaysians to understand the country’s _________ history and challenges, so as to enable them to contribute towards building the nation.

a)

economic

b)

religious

c)

social

d)

psychological

13.

The Frenchmen who gives the idea and conceptualized the entrepreneur as an organizer of a business firm, central to its distributed and production functions.

(a)  

14.

What is the meaning of the French word ‘Entreprende’ ?

(a)  

15.

Defined as the concept of developing and managing business venture in order to gain income or profit.

(a)  

16.

The person responsible for setting up business or an enterprise; he is one who has the initiative, skill for innovation and who looks for high achievements.

(a)  

17.

Successful entrepreneurs are on date to the trend of the world that can use to improve their businesses, they always on the lookout for new technology that they can apply to their business.

a)

Ability to act quickly

b)

Demand for quality and efficiency

c)

Determination and Perseverance

d)

Updated with Technology

18.

Successful entrepreneurs always have clear and specific objective- a long term and short term objective.

a)

Self Confidence

b)

Creative

c)

Goal Setting

d)

Independent

19.

One of the function of Entrepreneur is Management, what kind of entrepreneurial management that is to see whether the plan or the activities has been performed according to plan or not.

a)

Staffing

b)

Directing

c)

Controlling

d)

All of the Above

20.

It is where the entrepreneur discovers, change, update or invent new product for their business. It is being with the trend in our world to improve his/her competitive position and increase earnings.

a)

Planning

b)

Organizing

c)

Management

d)

Innovation

21.

It is pre-determined course of action to accomplish the set objectives; it is projecting things today and the future activity of the future. An entrepreneur has to make decisions as to what, how, when, where and whom it is to be done.

a)

Planning

b)

Organizing

c)

Management

d)

Innovation

22.

A major priority in the entrepreneur's life.

a)

Goal-oriented

b)

Profit-oriented

c)

Risk-taker

d)

Committed

23.

Being honest, fair and trustworthy.

a)

Persistent

b)

Goal-oriented

c)

Committed

d)

Reliable and has integrity

24.

Being patient and strives to achieve the goal.

a)

Persistent

b)

Goal-oriented

c)

Risk-taker

d)

Reliable and has integrity

25.

Ability to take measured or calculated risks.

a)

Willing to listen

b)

Responds to feedback

c)

Committed

d)

Risk-taker

26.

Obtaining useful feedback and advice from others.

a)

Willing to listen

b)

Reliable and has integrity

c)

Responds to feedback

d)

Committed

27.

Being able to listen to the advise of others.

a)

Goal-oriented

b)

Hardworking

c)

Willing to listen

d)

Risk-taker

28.

Working diligently and industriously.

a)

Goal-oriented

b)

Hardworking

c)

Willing to listen

d)

Risk-taker

29.

To succeed, one must believe in one's self.

a)

Self-confidence

b)

Goal-oriented

c)

Hardworking

d)

Willing to listen

30.

Interest in money generation.

a)

Hardworking

b)

Self-confidence

c)

Profit-oriented

d)

Goal-oriented

31.

It is the ability to set realistic targets.

a)

Hardworking

b)

Self-confidence

c)

Profit-oriented

d)

Goal-oriented

32.

Founder of Mobile Legends (Moonton).

a)

Justin Yuan

b)

Jack Ma

c)

Jerry Yang

d)

Steve Bing

33.

The founder of Potato Corner.

a)

Joe Magsaysay

b)

Asiang Reyes

c)

Edgar Sia

d)

Tony Tan Caktiong

34.

Founder of Tesla, spaceX etc.

a)

Walt Disney

b)

Elon Musk

c)

Steve Ballmer

d)

Jack Dorsey

35.

Larry Page and Sergey Bring founder of ....

a)

Lazada

b)

Yahoo

c)

Shopee

d)

Google

36.

He is the founder and executive chairman of Amazon.

a)

Mark Zuckerberg

b)

Elon Musk

c)

Jeff Bezos

d)

Jack Ma

37.

8) The three primary reasons that people become entrepreneurs and start their own firms are to ________.

a)

A) gain prestige, realize financial rewards, and eliminate risk in their lives

b)

B) do what they were "born" to do, be their own boss, and gain prestige

c)

C) take big risks, be their own boss, and do what they were "born" to do

d)

D) be their own boss, pursue their own ideas, and pursue financial rewards

e)

E) take advantage of government subsidies, pursue their own ideas, and realize financial rewards

38.

Media mogul, talk show host, actress, producer, and philanthropist. Likely the only female African-American billionaire in America!

a)

Oprah Winfrey

b)

Kim Kardashian

c)

Antonia Kidman

d)

Ellen

39.

Facebook founder worth over $47 billion and takes a salary of only $1?

a)

Mark Zuckerberg

b)

Donald Trump

c)

James Packer

d)

Jennifer Lopez

40.

What company did Bill Gates start?

a)

Microsoft

b)

Apple

c)

LG

d)

Samsung

41.

4. Which of the following is NOT a function of an entrepreneur?

a)

a. Skills management

b)

b. Risk taking

c)

c. Conduct research

d)

d. Make no changes with his product

42.

3. These are entrepreneurs who are to follow the path shown by innovative entrepreneur.

a)

a. Innovative

b)

b. Imitating

c)

c. Social Entrepreneurs

d)

d. Fabian

43.

2. The entrepreneur who lives on the labor of others is called?

a)

a. Drone

b)

b. Fabian

c)

c. Imitating

d)

d. Innovative

44.

1. The entrepreneurs who create new ideas are called?

a)

a. Innovative

b)

b. Imitating

c)

c. Fabian

d)

d. Drone

45.

Which is a common characteristic of an entrepreneur?

a)

organized

b)

vindictive

c)

impressionable

d)

irresponsible

46.

Entrepreneurs do not pay taxes to the IRS.

a)

True

b)

False

47.
Writing, speaking, and listening skills
a)
Communication
b)
Human Relations
c)
Math
d)
Basic Business
48.

Which of the following is not an example of an entrepreneur?

a)

Diane started By Request, a successful home bakery business

b)

Donna started a cleaning service 10 years ago.

c)

Gwen manages The Secret Garden, a business owned by her sister.

d)

Elmer created Bayfield Apple Jam and distributes the Jam nationality.

49.

Which step of the problem-solving process involves performing research and interviewing customers, suppliers, and employees?

a)

define the problem

b)

gather information

c)

identify various solutions

d)

evaluate alternatives

50.

Which of the following is not an advantage of entrepreneurship?

a)

entrepreneurs are their own bosses

b)

entrepreneurs can be creative

c)

entrepreneurs take all the risks involved with starting a business

d)

Entrepreneurs can make large sums of money.

51.

John Santos Tax Service is an example of which type of business?

a)

manufacturing business

b)

wholesaling business

c)

retailing business

d)

service business

52.

Barbara Wall had a great recipe for sweet bell pepper sauce. Her friend Lynne Wilson convinced her that they should go into business together and sell the sauce. Wall and Wilson are examples of

a)

intrapreneurs

b)

entrepreneurs

c)

employees

d)

managers

53.
Entrepreneurs believe in themselves.
a)
Creative
b)
Responsible
c)
Risk Taker
d)
Self Confident
54.
Entrepreneurs look for challenging opportunities and are not afraid of the possibility of failure.
a)
Risk Taker
b)
Goal Oriented
c)
Creative
d)
Responsible
55.

People who work for someone else.

a)

entrepreneurs

b)

employees

c)

staff

d)

workers

56.

What does SWOT stand for in personal SWOT analysis?

a)

Strengths, Weaknesses, Objectives, Threats

b)

Strategies, Weaknesses, Opportunities, Threats

c)

Strengths, Weaknesses, Opportunities, Threats

d)

Strategies, Weaknesses, Objectives, Threats

57.
cost-based pricing is determined by 
a)
using the wholesale cost of an item as the basis for the priced charged
b)
what competitors are charging for the same good
c)
how much the consumer is willing to pay for a product or service
58.
The amount of money charged and/or the sum of values that consumers exchange for the benefits of having or using the product
a)
Sell
b)
Price
c)
Product/Service Management
d)
Promotion
59.
A ____________is anything offered to a market by the business to satisfy needs, could include physical products or intangible services.
a)
Price
b)
Product
c)
Place/Distribution
d)
Promotion
60.
How potential customers will be told about a company's products, including the message, media selected, special offers and the timing of campaigns.
a)
company advertisement
b)
Product
c)
Placement of product
d)
Promotion
61.
Product, price, place, and promotion make up the _____________________.
a)
Marketing Concept
b)
Marketing Mix
c)
Marketing Oriented
d)
Marketing Behavior
62.
Segmenting markets on the basis of personality, motives, lifestyles, and geodemographics
a)
Psychographic segmentation
b)
benefit segmentation
c)
usage rate segmentation
d)
geodemographic segmentation
63.

What is a business plan?

a)

Written document that only outlines the business practices of the new business.

b)

Written document that describes the financial aspects of the business.

c)

Written document that only describes the ownership of the business.

d)

Written document that describes all the steps necessary for opening and operating a successful business.

64.

Why do you need a business plan?

a)

To explain your idea

b)

the ability to get financing.

c)

it's a road map that sets objectives and goals for the business.

d)

To help reduce the risk of business failure.

e)

All of the above.

65.

Complete the sentence: A business plan...

a)

is useful once your business is operational but not much help during the startup phase

b)

is not usually needed once the business is up and running

c)

can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.

66.
Looks at likely risks to the business
a)
Contingency Plan
b)
Management Team Plan
c)
Marketing Plan
d)
Industry Overview
67.
An analysis of the business’s advantage over its competitors
a)
Growth Plan
b)
Competitive Analysis
c)
Contingency Plan
d)
Market Analysis
68.
A part of the business processes that result in the production and delivery of the product or service
a)
Competitive Analysis
b)
Company Description
c)
Operational Plan
d)
Organizational Plan
69.
How a company will make customers aware of its products/services
a)
Marketing Plan
b)
Industry Overview
c)
Product and Service Plan
d)
Growth Plan
70.
Looks at how the business will expand in the future
a)
Growth Plan
b)
Product and Service Plan
c)
Contingency Plan
d)
Company Description
71.
A potential business owner’s qualifications and those of any partners
a)
Company Description
b)
Management Team Plan
c)
Growth Plan
d)
Executive Summary
72.
A brief account of the key points contained in a business plan
a)
Executive Summary
b)
Company Description
c)
Mission Statement
d)
Vision Statement
73.
A description that provides an outline of a business
a)
Executive Summary
b)
Company Description
c)
Contingency Plan
d)
Mission Statement
74.
A description of the product or service to be offered
a)
Operational Plan
b)
Marketing Plan
c)
Product and Service Plan
d)
Industry Overview
75.
Who will run the company as well as management’s philosophy
a)
Organizational Plan
b)
Operational Plan
c)
Executive Summary
d)
Company Description
76.
Research of the potential business’s industry
a)
Market Analysis
b)
Industry Overview
c)
Contingency Plan
d)
Marketing Plan
77.
Research of the potential customer’s profile
a)
Market Analysis
b)
Marketing Plan
c)
Mission Statement
d)
Growth Plan
78.
A plan presenting financial forecasts for the business
a)
Loan Proposal
b)
Financial Plan
c)
Business Loan Plan
d)
Investor Plan
79.
The specific aspirations of a company, the major goals it will try to reach.
a)
Vision Statement
b)
Company Description
c)
Mission Statement
d)
Executive Summary
80.

Which of the following is NOT a heading on a business plan?

a)

The staff

b)

The idea

c)

Market research

d)

Advertising campaign examples

e)

Competitors

81.

Which of the following would be interested in seeing the business plan of a new company?

a)

Customers

b)

Potential investors

c)

The owners of the company

d)

Banks/ potential lenders

e)

Local council

82.

A business plan would normally be updated:

a)

Every day

b)

A month after the business starts

c)

Once a business adjusts its aims/objectives

d)

Every so often

e)

Never - It stays the same in its original form

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