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Entrepreneurship Quiz

Total questions: 65

Worksheet time: 1hrs 5mins

Name
Class
Date
1.

The entrepreneurs who create new ideas are called?

a)

Innovative

b)

Imitating

c)

Fabian

d)

Drone

2.

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

a)

Drone

b)

Fabian

c)

Imitating

d)

Innovative

3.

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

a)

Innovative

b)

Imitating

c)

Social Entrepreneurs

d)

Fabian

4.

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

a)

Skills management

b)

Risk taking

c)

Conduct research

d)

Make no changes with his product

5.

Entrepreneur means:

a)

Risk taker

b)

To undertake

c)

To research

d)

To improve standard of living

6.

It is a personality factor which means “doing things even before being told”

a)

proactive

b)

perseverance

c)

persuasion

d)

initiative

7.

It is a personality factor which means convincing customers to buy the product

a)

Proactive

b)

Persuasion

c)

Self-confidence

d)

Risk taker

8.

Which of the choices is NOT part of the environmental factors?

a)

Political

b)

Weather condition

c)

climate

d)

family background of the manager

9.

All except one does NOT belong to the group?

a)

Unfair trade practices

b)

Strikes

c)

Political protest

d)

Product

10.

The entrepreneur who is skeptical about the changes in the company is called?

a)

Fabian

b)

Drone

c)

Social entrepreneur

11.

Which is NOT a career for an entrepreneur?

a)

Business consultant

b)

Sales

c)

Research and Development

d)

Domestic Helper

12.

They are entrepreneurs who drive social innovation and transformation in various fields.

a)

drone

b)

Social entrepreneur

13.

Which of the statements below is true?

a)

Entrepreneur has limited career opportunities

b)

Entrepreneurs are prone to constant high income

c)

Entrepreneurs are contributor to the development of the society

d)

Entrepreneurs are the reasons for unemployment problem

14.

Which of the statement is NOT true?

a)

An entrepreneur will patiently wait for his efforts to bear fruit.

b)

The profit of the entrepreneur is immediate.

c)

All entrepreneurs are successful

d)

Entrepreneurs are researchers

15.

Which of the following is NOT true?

a)

Entrepreneurship create organizations

b)

Improves the life of the entrepreneur alone

c)

Entrepreneurs improves the economy

d)

None of the choices

16.

It is the process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm.

a)

Opportunity seeking

b)

Opportunity seizing

c)

Opportunity screening

d)

Sources of opportunity

17.

This is essential to opportunity seeking which allows the entrepreneur to see things in a positive and optimistic light in the midst of crisis or difficult situations.

a)

Entrepreneurial mind frame

b)

Entrepreneurial heart flame

c)

Entrepreneurial gut game

d)

Entrepreneurial heart frame

18.

It is the ability of entrepreneur that can sense without using the five senses, also known as intuition.

a)

Entrepreneurial mind frame

b)

Entrepreneurial gut game

c)

Entrepreneurial heart flame

d)

Entrepreneurial heart frame

19.

One of the essetials of entrepreneur’s opportunity seeking that refers to the driven passion of an individual.

a)

Entrepreneurial mind frame

b)

Entrepreneurial gut game

c)

Entrepreneurial heart flame

d)

Entrepreneurial heart frame

20.

What variable of societal environment includes income level and employment rate?

a)

Economic forces

b)

Sociocultural forces

c)

Political forces

d)

Technological forces

21.

Which are the factors of the substitute product that pose a great threat in the industry environment?

a)

A,B,C,D

b)

A and C

c)

A and D

d)

B and C

22.

Which are the factors that influenced the buyer to have a less threats because of the bargaining power?

a)

A only

b)

A and C

c)

A and D

d)

B and C

23.

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

a)

Buyers

b)

Competitors

c)

sellers

d)

suppliers

24.

The intensity of rivalry among existing firms is characterized to the following factors except one:

a)

Diversity of rivals.

b)

Number of competing firms.

c)

Characteristics of the products or services.

d)

The product represents a high percentage of the buyer’s cost.

25.

The following are the forces competing within the industry except one:

a)

Potential new entrants and Substitute Products

b)

Buyers and Suppliers

c)

Rivalry among existing firms

d)

Needs and Wants

26.

Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and preferences of people.

a)

Changes in the environment

b)

Technological discovery

c)

People’s enterest

d)

Past experiences

27.

Societal environment includes the following, except:

a)

Economic forces

b)

Sociocultural forces

c)

Political forces

d)

Natural resources

28.

Which among the following is the result of identifying entrepreneurial opportunities?

a)

Creation of entrepreneurial ideas

b)

Opening of entrepreneurial venture

c)

Sources of opportunity

d)

Entrepreneurial process

29.

What entrepreneurial idea will you recognized, if you consider the new discovery and advancement of technology as source of opportunity?

a)

Changes in the environment

b)

Technological discovery and advancement

c)

Government’s thrust, programs, and policies

d)

People’s interest

30.

Source of entrepreneurial idea where expertise and skills developed by a person from its previous work can lead to the opening of a related business enterprise.

a)

Government’s thrust, programs, and policies

b)

Past experiences

c)

People’s interests

d)

Technological discovery and advancement

31.

What is the relationship between unique selling proposition and value proposition.

a)

a framework of each business industry

b)

meet your competitors needs wants.

c)

persuades another to exchange money for a product service’s

d)

connected with only one particular thing.

32.

The following variable to consider in behavioral segmentation, except.

a)

perception

b)

brand concept

c)

reaction

d)

benefits

33.

What is the function of Value Proposition?

a)

use to power up sales

b)

convince customer to purchase a particular product or services.

c)

customers buying habits

d)

provide value to your customers

34.

Give example in promotion using Value Proposition and Unique Selling proposition.

a)

with the slogan “Langhap Sarap”

b)

ordinary sari-sari store

c)

multinational business

d)

fruit shake stand

35.

_________ will determine entrepreneur possible customers in one locality.

a)

Market design

b)

Market strategy

c)

market research

d)

market size

36.

The term behavioral segmentation refers to:

a)

divided based on consumers

b)

divided in terms for customers think and believe.

c)

divided according to geographical location.

d)

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

37.

What is market size?

a)

tangible things that can be seen.

b)

Size of arena where the entrepreneur will play their business

c)

The most important part to the success of the company

d)

another variation of segmentation marketing.

38.

Considered favorable indicators for doing business in that particular location.

a)

structure of the segment

b)

capability of the business

c)

size and growth of the segment

d)

segmentation marketing

39.

Select type of customer requirement

a)

service requirement

b)

service oriented

c)

service responsibility

d)

service fulfillment

40.

This refers to how you sell your products or services to your customer.

a)

Value proposition

b)

Unique selling proposition

c)

Selling proposition

d)

Marketing concept

41.

Tips for the entrepreneur on how to create an effective unique selling proposition to the target customers, except.

a)

Identify and rank the uniqueness of the product or services characteristic.

b)

Very specific

c)

Keep it short and simple

d)

Completeness of proportion

42.

Geographic segmentation refers to:

a)

Divided according to geographical location

b)

Divided based consumers.

c)

Divided in terms for customers think and believe

d)

All of the above

43.

Service requirement __________ thing or product not able to touch but customer can feel the fulfillment.

a)

Tangible

b)

Intangible

c)

Service

d)

Output

44.

Tangible things that can be seen refers to what?

a)

Service requirement

b)

Output requirement

c)

customer requirements

d)

Entrepreneurs output

45.

What is the first step in conducting a strategic marketing.

a)

Estimate the potential market

b)

Estimate the customers who probably dislike buying your product

c)

Estimate the market share

d)

Estimate business funding.

46.

It is the process of gathering, analyzing and interpreting the information about the product or the services to be offered for sale in the market, the market and about past, present and any potential consumers for the products.

a)

Data Gathering

b)

Primary Research

c)

Secondary Research

d)

Market Research

47.

A data gathering technique where it can be moderated to group interviews and brainstorming sessions that provide information on user’s needs and behaviors.

a)

Personal Interview

b)

Focus Group Discussion

c)

Survey

d)

Data Gathering

48.

A data gathering technique where it can be done via direct mail, over the phone, internet or e-mail.

a)

data gathering

b)

survey

c)

focus group discussion

d)

personal interview

49.

It refers to information gathered directly from the respondents who answered set of questions.

a)

Primary Research

b)

Secondary Research

c)

Survey

d)

Data Gathering

50.

It is the most common way to gather primary research with the use of questionnaires or interview schedule.

a)

Interview

b)

Focus Group Discussion

c)

Survey

d)

Data Gathering

51.

Entrepreneur means “to undertake.”

a)

TRUE

b)

FALSE

52.

Entrepreneurship is a process of actions of an entrepreneur who is always in search of opportunities.

a)

TRUE

b)

FALSE

53.

The greatest significance of entrepreneurship is to help reduce and hinder the managerial capabilities of entrepreneurs.

a)

TRUE

b)

FALSE

54.

Entrepreneurship will lead to the destruction of organizations.

a)

TRUE

b)

FALSE

55.

Entrepreneurship can improve the life of the entrepreneur only.

a)

TRUE

b)

FALSE

56.

Interest and hobbies of the people are possible good source of entrepreneurial ideas.

a)

TRUE

b)

FALSE

57.

Industry environment of business is under technological discovery and advancement sources of opportunities.

a)

TRUE

b)

FALSE

58.

The variables in the societal environment include the economic forces

a)

TRUE

b)

FALSE

59.

Entrepreneurial heart flame refers to the ability of the entrepreneur to sense without using the five senses.

a)

TRUE

b)

FALSE

60.

Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light.

a)

TRUE

b)

FALSE

61.

Targeting a specific market does not mean that you are excluding people who do not fit your criteria.

a)

TRUE

b)

FALSE

62.

Demographic segmentation is the total market divided according to geographic location.

a)

TRUE

b)

FALSE

63.

Knowledge and awareness is one variable to consider in psychological segmentation

a)

TRUE

b)

FALSE

64.

Service requirement is intangible thing or product not able to be touch but feel the fulfillment.

a)

TRUE

b)

FALSE

65.

Market size is like a world globe measurement.

a)

TRUE

b)

FALSE