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Basic Entrepreneurship 1st Quarter Long Test

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

What quality of entrepreneur is shown when he commits to do a job, and does not stop until the project is successfully finished?

a)

A. Career oriented

b)

B. Committed to work

c)

C. Communicates well

d)

D. Confident

2.

What quality of an entrepreneur is present when he takes full responsibility for getting things done?

a)

A. Accountable

b)

B. Committed to work

c)

C. Goal-oriented

d)

D. Optimistic

3.

What quality does a person show when they seek feedback and evaluation on their performance in running a business?

a)

A. Open-minded

b)

B. Optimistic

c)

C. Persistent

d)

D. Risk Taker

4.

What characteristic is evident when evaluating a person's ethical behavior?

a)

A. Disrespectful

b)

B. Having a bad attitude

c)

C. Observe moral values

d)

D. Only kind to those who are kind to him/her only

5.

How do you describe "peer influence"?

a)

A. No proper decisions in life

b)

B. Strong and unaffected beliefs

c)

C. Depends on the decision of his/her family members

d)

D. Affected by the influence of his/her friends and colleagues

6.

What term is used to describe a person who reflects on or recalls their past experiences and applies the lessons learned from them?

a)

A. Life experiences

b)

B. Family values

c)

C. Peer influence

d)

D. Personal values

7.

Which of the following is an example of a service-oriented business operation?

a)

A. School

b)

B. Grocery Store

c)

C. Gasoline Station

d)

D. Furniture shop

8.

What form of business is owned and run by one person?

a)

A. Corporation

b)

B. Partnership

c)

C. Retailer

d)

D. Sole Proprietorship

9.

What form of business organization is not required to be registered in SEC?

a)

A. Solo Proprietorship

b)

B. Cooperative

c)

C. Corporation

d)

D. Partnership

10.

The owners of a business agreed that any profits, debts, and decisions related to the business are a shared responsibility. What form of business is being referred to?

a)

A. Cooperative

b)

B. Partnership

c)

C. Proprietor

d)

D. Retailer

11.

What will be the first requirement if you own a Sole Proprietorship business?

a)

A. Register your business name in SEC

b)

B. Register your business name in DTI

c)

C. Register with the Cooperative Development

d)

D. Register your business and employees in DOLE

12.

The following are the advantages of sole proprietorship except:

a)

A. Being the own boss

b)

B. Easy management

c)

C. Easy to get out

d)

D. Unlimited liability

13.

Which refers to a situation that is difficult, embarrassing, or unpleasant

a)

A. Awkward

b)

B. Hardships

c)

C. Optimism

d)

D. Predicament

14.

When does "Business Ethics" must be applied?

a)

A. A system of moral values

b)

B. Choosing between right and wrong

c)

C. A collection of values and behavior

d)

D. If ethical problems arise in a business environment.

15.

What do you call a key personality variable which may affect ethical behavior?

a)

A. Family Influences

b)

B. Individual Factors

c)

C. Personal Values

d)

D. Social Factors

16.

Which type of business organization has more rules and regulations to comply with?

a)

A. Cooperative

b)

B. Corporation

c)

C. Partnership

d)

D. Sole Proprietorship

17.

What entrepreneurial characteristic closely resembles self-motivation?

a)

A. Drive

b)

B. Optimism

c)

C. Passion

d)

D. Risk-taker

18.

Which of the following does not belong to the group?

a)

A. Mang Inasal

b)

B. Meralco

c)

C. Maritess' Sari-sari Store

d)

D. SM

19.

What ethical entrepreneurial issue in entrepreneurial operation shows that an employee must establish good relationships with colleagues?

a)

A. Individual Factors

b)

B. Life Experiences

c)

C. Peer Influence

d)

D. Personal Values

20.

What type of personality is present when one shows practical behavior?

a)

A. Conventional

b)

B. Investigative Type

c)

C. Realistic

d)

D. Social

21.

Which of the following is present when someone has a social type of personality?

a)

A. Analytical

b)

B. Expressive

c)

C. Helping others

d)

D. Verbal Activities

22.

Which is defined as the pattern of characteristics that distinguishes one person from another?

a)

A. Confidence

b)

B. Creativity

c)

C. Friendship

d)

D. Personality

23.

Which factor influences ethical behavior in business; which includes the need for an employee to establish good relations with colleagues in the workplace?

a)

A. Family Influence

b)

B. Individual Factors

c)

C. Peer Influence

d)

D. Personal Factors

24.

What do you call a collection of values and behaviors which people feel are righteous?

a)

A. Behavior

b)

B. Ethics

c)

C. Moral

d)

D. Standards

25.

Why is it important for employees to have personal work standards?

a)

A. to encourage a culture of low standards

b)

B. to discourage productivity and efficiency

c)

C. to create unnecessary stress and pressure

d)

D. to maintain consistency, quality, and accountability in their work