wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Entrepreneurship PRELIM EXAM

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

He said that entrepreneurship is consists in doing that are not generally done in the ordinary course of business routine.

a)

Schumpeter J.A

b)

McClelland

c)

Richard Cantillon

d)

Marco Polo

2.

He is a merchant from Venice who traveled to many places in Asia to trade.

a)

Schumpeter J.A

b)

McClelland

c)

Richard Cantillon

d)

Marco Polo

3.

He is a prominent theorist and economist during 17th century who viewed the entrepreneur as a risk taker and a bearer of uncertainty.

a)

Schumpeter J.A

b)

McClelland

c)

Marco Polo

d)

Richard Cantillon

4.

What is the primary objective of Republic Act No. 7882?

a)

To regulate foreign investments

b)

To provide all possible assistance to Filipino women in business

c)

To promote large-scale industrial projects

d)

To oversee government financial institutions

5.

What is the main role of the Department of Trade and Industry (DTI)?

a)

To regulate foreign employment

b)

To promote and develop trade and industry

c)

To manage public transportation

d)

To oversee agricultural activities

6.

The following are the countries who colonized Philippines, except.

a)

China

b)
United States
c)
Spain
d)
Japan
7.

Dezie is considering starting her own business in her hometown. She wonders about the significance of entrepreneurship in economic development.

a)

It limits innovation

b)

It increases government control

c)

It reduces competition

d)

It creates job opportunities

8.

In what period is known for DotCom Era

a)

18th century

b)

19th century

c)

21st century

d)

middle ages

9.

Due to innovation, some businesses fold, while others flourish.

a)

TRUE

b)

FALSE

10.

Entrepreneurs are opportunity-seekers, creative, and resourceful.

a)

TRUE

b)

FALSE

11.

Arjun doesn't like his new iPhone 16 and believes that innovations never give us a better quality of life.

a)

TRUE

b)

FALSE

12.

It is an Act providing assistance to women.

a)

RA 9178

b)

RA 7882

c)

RA 9501

d)

RA 1935

13.

Entrepreneurs pay taxes if they have extra income.

a)

TRUE

b)

FALSE

14.

What is entrepreneurship?

a)
Entrepreneurship is solely about making money.
b)
Entrepreneurship is the process of working for someone else.
c)
Entrepreneurship is a type of investment strategy.
d)
Entrepreneurship is the act of creating, developing, and managing a new business venture.
15.

What is DTI stands for?

a)
Department of Trade and Investment
b)
Department of Technology and Innovation
c)
Department of Transportation and Infrastructure
d)
Department of Trade and Industry
16.

Where can we find this verse? "Wealth gained hastily will dwindle, but whoever gathers little by little will increase it". 

a)

Proverbs 11:13

b)

Psalm 17:17

c)

Proverbs 13:11

d)

Proverbs 1:3

17.

What is barter system?

a)
A barter system is a legal framework for regulating trade agreements.
b)
The barter system involves the use of digital payments for transactions.
c)
The barter system is a method of exchange where goods and services are traded directly for other goods and services.
d)
A barter system is a type of currency used in trade.
18.

Does barter system works in our forefathers?

a)
Our forefathers relied solely on currency for trade.
b)
Barter system was only used in modern times.
c)
No, barter system was not used by our forefathers.
d)
Yes, the barter system worked among our forefathers.
19.

In this period, the term entrepreneur was used to describe an actor and a person who was in charge of and manage the production process.

a)

Middle Ages

b)

19th century

c)

17th century

d)

18 century

20.

The following are the characteristics of entrepreneurship, except.

a)
Strong leadership skills
b)
Innovative thinking
c)
Risk-taking ability
d)
A lack of initiative