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ENTREPRENEURSHIP

Total questions: 66

Worksheet time: 33mins

Name
Class
Date
1.

The capacity for innovation, investment and expansion in new markets, products and techniques.

a)

Business

b)

Businessman

c)

Entrepreneur

d)

Entrepreneurship

2.

Any person who can create something new or something different has already acquired a competitive advantage.

a)

Business

b)

Businessman

c)

Entrepreneur

d)

Entrepreneurship

3.

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

a)

Business

b)

Businessman

c)

Entrepreneur

d)

Entrepreneurship

4.

A person involved in the business sector – in particular someone undertaking activities for the purpose of generating cash flow, sales, and revenue by utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth.

a)

Business

b)

Businessman

c)

Entrepreneur

d)

Entrepreneurship

5.

A true entrepreneur doesn’t ask questions about whether or not they’ll succeed—they truly believe they will.

a)

Creative

b)

Hardworking

c)

Perseverance

d)

RiskTAker

6.

They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.

a)

Creative

b)

Perseverance

c)

Persistence

d)

Self Confidence

7.

Entrepreneurs are dreamers and believe their ideas are possible, even when they seem unattainable.

a)

Hardworking

b)

Opportunity Seeker

c)

Optimistic

d)

Self Confidence

8.

A Spanish word which means self love; a sense of self-esteem or self-respect that prevents a person from swallowing his pride

a)

Amor Propio

b)

Bahala Na System

c)

Balimbing

d)

Ningas Kugon

9.

This trait means leaving everything to chance or “letting the circumstances take care of itself”.

a)

Amor Propio

b)

Bahala Na System

c)

Balimbing

d)

Ningas Kugon

10.

Instead of doing things that could help one to develop and become better than his competitors, Filipinos devote so much of their time gossiping and back-biting.

a)

BALIMBING

b)

CRAB MENTALITY

c)

MAÑANA HABIT

d)

NINGAS KUGON

11.

Filipinos are fond of starting a project with so much enthusiasm.

a)

AMOR PROPIO

b)

MAÑANA HABIT

c)

NINGAS KUGON

d)

SENSE OF PRIDE

12.

The idea of returning the favor to those who have done good deeds.

a)

PAKIKIPAGKAPWA-TAO

b)

PAKIKIBAGAY

c)

PAGKAMATIPID

d)

UTANG NA LOOB

13.

They genuinely love their work.

a)

COMMITTED

b)

DEDICATION

c)

PASSION

d)

STRONG PEOPLE SKILL

14.

Involves dedicating yourself to something, like a person or a cause.

a)

COMMITMENT

b)

CREATIVE

c)

PASSION

d)

RISK TAKER

15.

Quality related to inquisitive thinking such as exploration, investigation, and learning, evident by observation in humans and other animals.

a)

CREATIVE

b)

COMMITMENT

c)

CURIOSITY

d)

PASSION

16.

They have endless curiosity to discover new or different ideas and see whether these ideas will work in the marketplace.

a)

CURIOSITY

b)

HARDWORKING

c)

OPPORTUNITY SEEKER

d)

SELF CONFIDENCE

17.

Wealth Creation

a)

Entrepreneurs invest their own resources and attract capital (in the form of debt, equity, etc.) from investors, lenders and the public.

b)

Entrepreneurs setting up new businesses and industrial units help with regional development by locating in less developed and backward areas.

18.

CREATE JOBS

a)

JOB CREATORS

b)

JOB SEEKERS

19.

COMMUNITY DEVELOPMENT

a)

Increase in the standard of living of people in a community

b)

Requires infrastructure for education and training, healthcare, and other public services.

c)

More resources like land, labor and capital to develop products and services that add to the national income, national product and per capita income of the country.

20.

DETERMINATION, BRAVERY AND COURAGE

a)

ENTREPRENEURIAL GUTS FRAME

b)

ENTREPRENEURIAL HEART FRAME

c)

ENTREPRENEURIAL MIND FRAME

21.

The capacity for innovation, investment and expansion in new markets, products and techniques.

a)

Business

b)

Businessman

c)

Entrepreneurship

d)

Entrepreneur

22.

It is a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively

a)

Resources

b)

Means

c)

Products

d)

Materials

23.

The following are examples of non-human resources except one, which one is not?

a)

Capital

b)

Building

c)

Time

d)

Machinery

24.

Risks are situations involving exposure to dangers. Click the risks that are usually present in entrepreneurship.

a)

Warehouse burnt

b)

Price changes

c)

competition

25.

In venturing into business, one must consider the available resources. For what reasons? Click the answers that apply.

a)

to run and manage the business successfully

b)

to be able to sustain the business operation

c)

to be able to sit down and let the business staff do the operation

d)

to avoid failures

26.

What is the main contribution of entrepreneurship to the country's economy?

a)

popularity

b)

tax

c)

investors

d)

consumers

27.

What is referred to as the place of selling/buying, potential buyers, and marketing strategy?

a)

products

b)

means

c)

market

d)

resources

28.

Which of the following is an Entrepreneur?

a)

Coco Martin

b)

Tony Tan Caktiong

c)

Jung Kook

d)

Jessica Soho

29.

What is an entrepreneur?

a)

A person who works for someone else in order to learn skills.

b)

A person who is in charge of a specific location.

c)

A person who organizes and operates a business or businesses.

d)

None of these

30.

Which is NOT a common characteristic of an entrepreneur?

a)

risk-taker

b)

organized

c)

creative

d)

irresponsible

31.

What are the key/unique characteristics that a person should possess to be able to perform entrepreneurial functions effectively?

a)

Personal Entrepreneurial Committees

b)

Personal Entrepreneurial Competencies

c)

Personal Entrepreneurial Categories

d)

All of the above

32.

Entrepreneurs look for business ideas and new and better ways to solve problems.

a)

True

b)

False

33.

Showing trust with own's skills, ability, and judgment.

a)

Confident

b)

Hardworking

c)

Discipline

d)

Committed

34.

The key concept of entrepreneurship, the outcome of creativity resulted to a new and different way of doing things.

a)

creativity

b)

innovation

c)

discipline

d)

risk taker

35.

A company wherein several business owners work together to produce particular dynamics that are advantageous to them.

a)

enterprise

b)

business

c)

environment

d)

none of the above

36.

It is the total of all things external to firms and industries which affect their organization and operation.

a)

enterprise

b)

business environment

c)

entrepreneur

d)

entrepreneurship

37.
What is entrepreneurship?
a)
working with others to make create a business.
b)
the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
c)
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
d)
coming up with ideas to start a business.
38.
Having the courage to do the right thing because it is right is called
a)
Morality
b)
Integrity
c)
Honesty
d)
Immorality
39.
Space allowed between two or more people 
a)
Business space 
b)
Optional space 
c)
Personal Space 
d)
Appropriate Space 
40.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
41.
Which one of these is NOT a characteristic of an entrepreneur?
a)
risk taker
b)
idea person
c)
generalist
d)
specialist
42.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
43.
Which one of these is NOT a characteristic of an entrepreneur?
a)
risk taker
b)
idea person
c)
generalist
d)
specialist
44.

Entrepreneurs create ____________________ for themselves and others.

a)

wealth

b)

risk

c)

plans

d)

none of these

45.

Anyone can be an entrepreneur.

a)

True

b)

False

c)

Neither one

d)

It doesn't matter

46.
Which is the cost of goods or services used to operate a business?
a)
Income
b)
Expense
c)
Revenue
d)
Profit
47.

Libraries have publications that provide data of interest to entrepreneurs

a)

true

b)

false

48.
When considering the services to offer customers, a business should determine if a specific service would accomplish which goal?
a)
Enhance customer satisfaction levels
b)
Increase the number of products possibly returned by customers
c)
Offend the existing competitors of the business
d)
Stabilize variable interest rates
49.
Space allowed between two or more people 
a)
Business space 
b)
Optional space 
c)
Personal Space 
d)
Appropriate Space 
50.
What is entrepreneurship?
a)
working with others to make create a business.
b)
the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
c)
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
d)
coming up with ideas to start a business.
51.

Which trait or characteristic would describe a successful entrepreneur?

a)

Lazy

b)

Shy

c)

Bossy

d)

Self Starter

52.

Entrepreneur means “to undertake.”

a)

TRUE

b)

FALSE

53.

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

a)

TRUE

b)

FALSE

54.

Coward people will become successful entrepreneur.

a)

TRUE

b)

FALSE

55.

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

56.

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

57.

The entrepreneurs who create new ideas are called?

a)

Innovative

b)

Imitating

c)

Fabian

d)

Drone

58.

The greatest significance of entrepreneurship is to help identify and develop the managerial capabilities of entrepreneurs.

a)

TRUE

b)

FALSE

59.

Entrepreneurship is not an economic activity.

a)

TRUE

b)

FALSE

60.

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

61.

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

a)

Proactive

b)

Perseverance

c)

Persuasion

d)

Initiative

62.

Entrepreneurs are encouraged by the economy because they can provide a lot of opportunities for the unemployed young people.

a)

TRUE

b)

FALSE

63.

His definition of entrepreneurship placed an emphasis on INNOVATION.

a)

Joseph Schumberg

b)

Joseph Howard

c)

Joseph Schumpeter

d)

Joseph Thompson

64.

An entrepreneur can also become a salesman

a)

TRUE

b)

FALSE

65.

Entrepreneurs are innovative.

a)

TRUE

b)

FALSE

66.

Entrepreneurship can improve the life of the entrepreneur only.

a)

TRUE

b)

FALSE