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ENTREP (prelim exam)

Total questions: 61

Worksheet time: 1hrs 5mins

Name
Class
Date
1.

The word "entrepreneur" was derived from the French verb enterprendre, which means"to undertake"

4 lines
2.

FACTORS AFFECTING ENTREPRENEURSHIP

A.) PERSONALITY FACTORS

B.) ENVIRONMENTAL FACTORS

4 lines
3.

A.) PERSONALITY FACTORS

4 lines
4.

Which means doing things even before being told.

a)

INITIATIVE

b)

PROACTIVE

c)

PROBLEM SOLVER

d)

PERSEVERANCE

e)

PERSUASION

5.

Which means he can classify opportunities and seize it.

a)

PROBLEM SOLVE

b)

PLANNER

c)

PROACTIVE

d)

PERSEVERANCE

6.

Which means he can retain good relations with other people.

a)

RISK TAKER

b)

PERSUASION

c)

PERSEVERANCE

d)

PROBLEM SOLVER

e)

PROACTIVE

7.

Meaning he will pursue things to get done regardless of challenges

a)

PLANNER

b)

PROBLEM SOLVER

c)

RISK TAKER

d)

PERSEVERANCE

e)

INITIATIVE

8.

Means that he can entice people to buy even if they don't.

a)

INITIATIVE

b)

PROACTIVE

c)

PROBLEM SOLVER

d)

PERSUASION

e)

PLANNER

9.

Meaning he makes plan before doing things and do not fail to monitor it.

a)

PERSUASION

b)

PLANNER

c)

RISK TAKER

d)

INITIATIVE

e)

PROACTIVE

10.

Which means that he is willing to gamble but he will calculate it first.

a)

PERSUASION

b)

RISK TAKER

c)

INITIATIVE

d)

PROBLEM SOLVER

11.

B.) ENVIRONMENTAL FACTOR

4 lines
12.

What are the ENVIRONMENTAL FACTORS?

a)

POLITICAL

b)

CLIMATE

c)

LEGAL SYSTEM

d)

ECONOMIC AND SOCIAL CONDITIONS

e)

MARKET SITUATIONS

13.

COMMON COMPETENCIES IN ENTREPRENEURSHIP

4 lines
14.

Entrepreneur must be firm in making decisions

a)

DECISIVE

b)

COMMUNICATOR

c)

LEADER

d)

OPPORTUNITY SEEKER

e)

INNOVATIVE

15.

An entrepreneur must have a convincing power.

a)

DECISIVE

b)

COMMUNICATOR

c)

LEADER

d)

OPPORTUNITY SEEKER

e)

INNOVATIVE

16.

An entrepreneur must have the charisma to be obeyed by his employees.

a)

COMMUNICATOR

b)

LEADER

c)

OPPORTUNITY SEEKER

d)

PROACTIVE

e)

RISK TAKER

17.

An entrepreneur must have the charisma to be obeyed by his employees.

a)

COMMUNICATOR

b)

LEADER

c)

OPPORTUNITY SEEKER

d)

PROACTIVE

e)

RISK TAKER

18.

An entrepreneur must have the ability to be the first to see business chances.

a)

COMMUNICATOR

b)

LEADER

c)

OPPORTUNITY SEEKER

d)

PROACTIVE

e)

RISK TAKER

19.

Controlling a situation by making things to happen or by preparing for possible future problems.

a)

INNOVATIVE

b)

LEADER

c)

OPPORTUNITY SEEKER

d)

PROACTIVE

e)

RISK TAKER

20.

They have the courage to pursue their business ideas.

a)

INNOVATIVE

b)

LEADER

c)

OPPORTUNITY SEEKER

d)

PROACTIVE

e)

RISK TAKER

21.

The entrepreneurs have big business ideas and they do not stop improving and thinking of new worthwhile ideas for their business

a)

INNOVATIVE

b)

LEADER

c)

OPPORTUNITY SEEKER

d)

PROACTIVE

e)

RISK TAKER

22.

CORE COMPETENCIES OF ENTREPRENEURSHIP

4 lines
23.

Entrepreneurship is an economic activity because it 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

24.

Entrepreneurs constantly look for new ideas, thus he needs to be creative.

a)

RISK BEARING

b)

INNOVATIVE

c)

PROFIT POTENTIAL

d)

ECONOMIC AND DYNAMIC ACTIVITY

25.

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

a)

RISK BEARING

b)

INNOVATIVE

c)

PROFIT POTENTIAL

d)

ECONOMIC AND DYNAMIC ACTIVITY

26.

Theentrepreneur needs togamble but wise enough tooffset the risk.

a)

RISK BEARING

b)

INNOVATIVE

c)

PROFIT POTENTIAL

d)

ECONOMIC AND DYNAMIC ACTIVITY

27.

TYPE OF ENTREPRENEURS

4 lines
28.

They are those who don't create new things but only follow the ideas of other entrepreneurs.

a)

IMITATING ENTREPRENEURS

b)

FABIAN ENTREPRENEURS

c)

DRONE ENTREPRENEURS

d)

SOCIAL ENTREPRENEUR

29.

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

a)

IMITATING ENTREPRENEURS

b)

FABIAN ENTREPRENEURS

c)

DRONE ENTREPRENEURS

d)

SOCIAL ENTREPRENEUR

30.

They are those who lives on the labor of others. They are die-hard conservatives even ready

to suffer the loss of business.

a)

INNOVATIVE ENTREPRENEUR

b)

SOCIAL ENTPRENEUR

c)

DRONE ENTREPRENEURS

d)

FABIAN ENTREPRENEUR

31.

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)

IMITATING ENTREPRENEURS

b)

SOCIAL ENTPRENEUR

c)

DRONE ENTREPRENEURS

d)

FABIAN ENTREPRENEUR

32.

They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.

a)

IMITATING ENTREPRENEURS

b)

SOCIAL ENTPRENEUR

c)

DRONE ENTREPRENEURS

d)

FABIAN ENTREPRENEUR

e)

INNOVATIVE ENTREPRENEUR

33.

RECOGNIZING A POTENTIAL MARKET

4 lines
34.

The creation of an entrepreneurial ideas leads to the identification oftenn entrepreneurial opportunities, which in turn results in the opening of an entrepreneurial venture.

(a)  

35.

ENTREPRENEURIAL IDEAS

4 lines
36.

Essentials in Entrepreneur's Opportunity Seeking

4 lines
37.

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

a)

ENTREPRENEURIAL HEART FLAME

b)

ENTREPRENEURIAL MIND FRAME

c)

ENTREPRENEURIAL GUT GAME

38.

Refers to the ability the entrepreneur of béing intuitive. The gut game also means confidence in one's self and the firm believes that everything you aspire can be reached.

a)

ENTREPRENEURIAL HEART FLAME

b)

ENTREPRENEURIAL MIND FRAME

c)

ENTREPRENEURIAL GUT GAME

39.

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

a)

ENTREPRENEURIAL HEART FLAME

b)

ENTREPRENEURIAL MIND FRAME

c)

ENTREPRENEURIAL GUT GAME

40.

SOURCES OF OPPORTUNITIES

4 lines
41.

Entrepreneurial ideas arise when changes happen in the external environment. A person with an entrepreneurial drive views these changes positively.

a)

CHANGES IN THE ENVIRONMENT

b)

TECHNOLOGICAL AND DISCOVERY AND ADVANCEMENTS

c)

GOVERNMENT'S TRUST, PROGRAMS AND POLICIES

d)

PEOPLE'S INTEREST

e)

PAST EXPERIENCES

42.

A person with entrepreneurial interest sees possibility of business opportunities in any new discovery or because ofthe use of latest technology.

a)

CHANGES IN THE ENVIRONMENT

b)

TECHNOLOGICAL AND DISCOVERY AND ADVANCEMENTS

c)

GOVERNMENT'S TRUST, PROGRAMS AND POLICIES

d)

PEOPLE'S INTEREST

e)

PAST EXPERIENCES

43.

The priorities, projects, programs, and policies of the government are also good sources of ideas.

a)

CHANGES IN THE ENVIRONMENT

b)

TECHNOLOGICAL AND DISCOVERY AND ADVANCEMENTS

c)

GOVERNMENT'S TRUST, PROGRAMS AND POLICIES

d)

PEOPLE'S INTEREST

e)

PAST EXPERIENCES

44.

The interest, hobbies, and preferences of people are rich Bource entrepreneurial ideas. Like the increasing number of Internet Café at present could be lead to the strong attachment of young people to computers.

a)

CHANGES IN THE ENVIRONMENT

b)

TECHNOLOGICAL AND DISCOVERY AND ADVANCEMENTS

c)

GOVERNMENT'S TRUST, PROGRAMS AND POLICIES

d)

PEOPLE'S INTEREST

e)

PAST EXPERIENCES

45.

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)

TECHNOLOGICAL AND DISCOVERY AND ADVANCEMENTS

c)

GOVERNMENT'S TRUST, PROGRAMS AND POLICIES

d)

PEOPLE'S INTEREST

e)

PAST EXPERIENCES

46.

FIVE FORCES OF COMPETITION

4 lines
47.

The the one that pays cash in exchange to your goods and services

a)

POTENTIAL NEW ENTRANTS

b)

RIVALRY AMONG EXISTING FIRMS

c)

BUYERS

d)

SUPPLIERS

e)

SUBSITUTE PRODUCTS

48.

A new entrant is def ned as the one who enters something

a)

POTENTIAL NEW ENTRANTS

b)

RIVALRY AMONG EXISTING FIRMS

c)

BUYERS

d)

SUPPLIERS

e)

SUBSITUTE PRODUCTS

49.

Is a state or situation in which people or groups are competing with each other

a)

POTENTIAL NEW ENTRANTS

b)

RIVALRY AMONG EXISTING FIRMS

c)

BUYERS

d)

SUPPLIERS

e)

SUBSITUTE PRODUCTS

50.

Means anything that takes the place or function of another.

a)

POTENTIAL NEW ENTRANTS

b)

RIVALRY AMONG EXISTING FIRMS

c)

BUYERS

d)

SUPPLIERS

e)

SUBSITUTE PRODUCTS

51.

Are the one that provide something that is needed or wanted

a)

POTENTIAL NEW ENTRANTS

b)

RIVALRY AMONG EXISTING FIRMS

c)

BUYERS

d)

SUPPLIERS

e)

SUBSITUTE PRODUCTS

52.

It refers to how you sell your product or services to your customer. You will address the wants and desires of your customers

a)

UNIQUE SELLING PROPOSITION (USP)

b)

VALUE PROPOSITION (VP)

c)

TARGET MARKET (TM)

53.

Is a stage in market identification process that aims to determine the buyers with common needs and characteristics. Prospect customers are market segment that entrepreneurial venture intends to serve

a)

UNIQUE SELLING PROPOSITION (USP)

b)

VALUE PROPOSITION (VP)

c)

TARGET MARKET (TM)

54.

It is a business or marketing statement that summarizes why a consumer should buy a company's product or use its service. This statement is often used to convince a customer to purchase a particular product or service to add a form of value to their lives

a)

UNIQUE SELLING PROPOSITION (USP)

b)

VALUE PROPOSITION (VP)

c)

TARGET MARKET (TM)

55.

COMMONLY USED METHODS FOR MARKET SEGMENTATION

4 lines
56.

The total market is divided according to geographical location.

a)

PSYCHOLOGICAL SEGMENTATION

b)

DEMOGRAPHIC SEGMENTATION

c)

GEOGRAPHICAL SEGMENTATION

d)

BEHAVIORAL SEGMENTATION

57.

Divided based on consumers.

a)

PSYCHOLOGICAL SEGMENTATION

b)

DEMOGRAPHIC SEGMENTATION

c)

GEOGRAPHICAL SEGMENTATION

d)

BEHAVIORAL SEGMENTATION

58.

Divided according to customers' behavior pattern as they interact with a company.

a)

PSYCHOLOGICAL SEGMENTATION

b)

DEMOGRAPHIC SEGMENTATION

c)

GEOGRAPHICAL SEGMENTATION

d)

BEHAVIORAL SEGMENTATION

59.

Divided in terms for customers think and believe.

a)

PSYCHOLOGICAL SEGMENTATION

b)

DEMOGRAPHIC SEGMENTATION

c)

GEOGRAPHICAL SEGMENTATION

d)

BEHAVIORAL SEGMENTATION

60.

Customer Requirement



(a)  

61.

Is like a size of arena where the entrepreneurs will play their business. It iş the approximate approximate number of sellers and buyers in a particular market.

(a)