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Technopreneur midterm

Total questions: 59

Worksheet time: 54mins

Name
Class
Date
1.

He founded the world's largest software business, Microsoft, with Paul Allen, and subsequently became one of the richest men in the world.

a)

Elon Musk

b)

Steve Jobs

c)

Mark Zuckerberg

d)

Bill Gates

2.

According to Engr. Diosdado Banatao, “Innovation is more important than invention. Innovation implies _____________.”

a)

Success

b)

Money

c)

Industry

d)

Excellence

3.

“Innovation is everyones responsibility, not just R&Ds” says who?

a)

Steve Jobs

b)

Diosdado Banatao

c)

Albert Einstein

d)

Mark Zuckerberg

4.

It is the process of combining Engineering Skillset with Entrepreneurial Mindset in order to create value to its customer as well as the stakeholders.

a)

Creativity

b)

Business Planning

c)

Innovation

d)

Technopreneurship

5.

Not all small, new and self-owned businesses are entrepreneurial. There MUST be the element of _____________ in their PRODUCT, SERVICES, PROCESSES, SYSTEM etc.

a)

Invention

b)

Innovation

c)

Diffusion

d)

Creativity

6.

Refers to business firms where technology is crucial to the business.

a)

Entrepreneurship

b)

Technopreneurship

c)

Agripreneurship

d)

Transpreneurship

7.

An entrepreneur could and should never be discouraged with obstacles and challenges

a)

Commitment to work

b)

Goal setting

c)

Persuasion and networking

d)

Persistence

8.

Refers to the study of how and what rate does new ideas or technology spread in the economy.

a)

Technology diffusion

b)

Technology adaptation

c)

Technology evolution

d)

Technological innovation

9.

This are the first individuals to adapt to technology.

a)

Innovators

b)

Early adopters

c)

Early majority

d)

Late majority

10.

Technology introduces something new every 5 to 10 years and as an entrepreneur, we have to make sure to always be on the look out to see if it’s something worth adapting for.

a)

True

b)

False

11.

This type of persons are not comfortable with the routines of a desk job.

a)

manager

b)

self employed

c)

investor

d)

true entrepreneur

12.

Entrepreneurs are reactive rather than passive. They address issues, problems, and challenges before come than when they already happened

a)

Proactive

b)

Agents of change

c)

Networkers

d)

Decisive

13.

(a)   is an entrepreneur who puts technology at the core of his or her business model.

14.

(a)   look for more opportunities for their business to grow.

15.

They delegate and hire potential employees to do the work.

a)

The self-employed

b)

The manager

c)

The leader

d)

The investor

16.

Who is an entrepreneur?

4 lines
17.

What is Entrepreneurship?

4 lines
18.

What are the societal and economic benefits of entrepreneurship?

a)

produces more jobs

b)

amplifies economic activities of different sectors of society

c)

introduces new and innovative products and services

d)

improves people's living standards

19.

As entrepreneur, you have to make the people believe in you. And you will not be able to do it if you do not believe in yourself.

a)

Self confidence

b)

Persuasion and networking

c)

Risk taking

d)

Goal setting

20.

As entrepreneur, you have to learn how to speak in a way that people will connect with you and understand the purpose of your business existence.

a)

Demand for quality and efficiency

b)

Persuasion and networking

c)

Information seeking

d)

Risk taking

21.

As an entrepreneur, you should always equip yourself with the current trend and always be aware of what's happening around you.

a)

Risk taking

b)

Goal setting

c)

Information seeking

d)

Systematic planning and monitoring

22.

Refers to the study of how and what rate does new ideas or technology spread in the economy.

a)

Technology diffusion

b)

Technology adaptation

c)

Technology evolution

d)

Technological innovation

23.

These types of innovation are focused on more customer-facing elements of an enterprise and its business system

a)

Configuration

b)

Offering

c)

Experience

d)

Learning

24.

The creative process where designers generate ideas in session.

a)

Creation

b)

Ideation

c)

Invention

d)

Innovation

25.

An ideation technique where the process is simply combining two ideas into one

a)

Brainstorming

b)

Brainwriting

c)

Force fit

d)

Borrowing

26.
You can get rich in a small business, or at least do very well financially. Most entrepreneurs don't get wealthy, but some do. If money is your motivator, admit it.
a)
Money
b)
Power
c)
Right Livelihood
27.
Many people find that while they can make a good income working for other people, they
are missing some of life's precious moments. With the flexibility of small business ownership, you can take
time to stop and smell the roses.
a)
Lifestyle Change
b)
Personal  Fulfillment
c)
Independence
28.
Like proprietorship, the law does not distinguish between the business and its owners.
a)
Partnerships
b)
Corporations
c)
Sole Proprietorship
29.
These firms are owned by one person, usually the individual who has day-to-day responsibility for running the business.
a)
Sole Proprietorship
b)
Partnerships
c)
Corporations
30.
A service type of business provides intangible products (products with no physical form)
a)
 Service Business
b)
Merchandising Business
c)
Manufacturing Business
31.
This type of business buys products at wholesale price and sells the same at retail price.
a)
Merchandising Business
b)
Service Business
c)
 Manufacturing Business
32.
Unlike a merchandising business, a manufacturing business buys products with the intention of using them as materials in making a new product. Thus, there is a transformation of the products purchased.
a)
Manufacturing Business
b)
Merchandising Business
c)
Service Business
33.
It is easy to set-up and is the least costly among all forms of ownership.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
34.

There is a lot of street vendors outside Olivarez College who is not an advocate of entrepreneurship. What type of business venture will you consider the street vendors?

a)

Business

b)

Small Business

c)

Local Business

d)

Ordinary Small Business

35.

Refers to the study of how and what rate does new ideas or technology spread in the economy.

a)

Technology diffusion

b)

Technology adaptation

c)

Technology evolution

d)

Technological innovation

36.

This are the first individuals to adapt to technology.

a)

Innovators

b)

Early adopters

c)

Early majority

d)

Late majority

37.

They are more slower in the adaption process and seldom hold opinions

a)

Innovators

b)

Early Adopters

c)

Early Majority

d)

Late Majority

38.

What is the key difference between a traditional entrepreneur and a technopreneur?

a)
A traditional entrepreneur only works in the tech industry.
b)
The key difference is that a traditional entrepreneur focuses on general business ventures, while a technopreneur emphasizes technology-driven innovations.
c)
A technopreneur avoids using technology in their business.
d)
Both types of entrepreneurs have the same focus on market trends.
39.

Can a digital entrepreneur be a technopreneur?

a)
Only technopreneurs can be digital entrepreneurs.
b)
No, a digital entrepreneur cannot be a technopreneur.
c)
A digital entrepreneur is the opposite of a technopreneur.
d)
Yes, a digital entrepreneur can be a technopreneur.
40.

What are some challenges faced by digital entrepreneurs?

a)

Rapid technological advancements: Keeping up with the latest trends and technologies can be demanding.

b)

Competition: The digital market is highly competitive, requiring constant innovation and differentiation.

c)

Cybersecurity threats: Protecting sensitive data and preventing online attacks is a significant concern.

d)

Regulatory compliance: Adhering to data privacy laws and industry regulations can be complex.

41.

What role does innovation play in the success of a technopreneur?

a)

Innovation is not important for technopreneurs.

b)

Innovation is crucial as it helps technopreneurs differentiate their products and services in the market.

c)

Technopreneurs rely solely on existing technologies without innovation.

d)

Innovation is only relevant to traditional entrepreneurs.

42.

Which of the following best describes a social entrepreneur?

a)

A social entrepreneur focuses on profit maximization above all.

b)

A social entrepreneur aims to solve social issues through innovative solutions while being financially sustainable.

c)

A social entrepreneur is someone who only works in non-profit organizations.

d)

A social entrepreneur is the same as a traditional entrepreneur.

43.

How does a technopreneur typically fund their ventures?

a)

Through personal savings only.

b)

By seeking venture capital and angel investors interested in technology.

c)

By relying on government grants exclusively.

d)

By using crowdfunding platforms without any business plan.

44.

How does a technopreneur typically fund their ventures?

a)

Through personal savings only.

b)

By seeking venture capital and angel investors interested in technology.

c)

By relying on government grants exclusively.

d)

By using crowdfunding platforms without any business plan.

45.

An entrepreneur could and should never be discouraged with obstacles and challenges

a)

Commitment to work

b)

Goal setting

c)

Persuasion and networking

d)

Persistence

46.

As entrepreneur, you have to make the people believe in you. And you will not be able to do it if you do not believe in yourself.

a)

Self confidence

b)

Persuasion and networking

c)

Risk taking

d)

Goal setting

47.

As entrepreneur, you have to learn how to speak in a way that people will connect with you and understand the purpose of your business existence

a)

Demand for quality and efficiency

b)

Persuasion and networking

c)

Information seeking

d)

Risk taking

48.

As an entrepreneur, you should always equip yourself with the current trend and always be aware of what’s happening around you.

a)

Risk taking

b)

Goal setting

c)

Information seeking

d)

Systematic planning and monitoring

49.

Refers to the study of how and what rate does new ideas or technology spread in the economy.

a)

Technology diffusion

b)

Technology adaptation

c)

Technology evolution

d)

Technological innovation

50.

This are the first individuals to adapt to technology.

a)

Innovators

b)

Early adopters

c)

Early majority

d)

Late majority

51.

This are the individuals who are more discrete in their adaption choices than the innovators.

a)

Innovators

b)

Early adopters

c)

Early majority

d)

Late majority

52.

What inspired you to become a technopreneur?

4 lines
53.

How did you identify the need or problem your tech solution addresses?

4 lines
54.

What makes your technology or solution unique?

4 lines
55.

How do you validate your business idea before launching?

4 lines
56.

How do you manage risk and uncertainty in tech ventures?

4 lines
57.

How do you build and lead a strong tech team?

4 lines
58.

What skills have you gained through your course that are most applicable to your business idea?

4 lines
59.

Provide atleast 10 important information in module1,2,3,4,5

4 lines