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Entrepreneurship Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following best describes the predictive approach to entrepreneurship?

a)

Focuses on creativity and unpredictability

b)

Considers entrepreneurship as a linear process with predictable results

c)

Sees entrepreneurship as solving community-based problems

d)

Focuses only on franchising

2.

Which document emphasizes entrepreneurship as an instrument of economic growth in the Philippines?

a)

Philippine Development Plan (PDP)

b)

1987 Philippine Constitution

c)

Go Negosyo Act

d)

ASEAN Economic Integration

3.

Which organization created the Go Negosyo Communities to promote entrepreneurship in the Philippines?

a)

Department of Trade and Industry (DTI)

b)

Philippine Chamber of Commerce and Industry (PCCI)

c)

Department of Education (DepEd)

d)

National Economic and Development Authority (NEDA)

4.

Which entrepreneurial skill refers to putting oneself in the shoes of others?

a)

Play

b)

Creativity

c)

Empathy

d)

Reflection

5.

Which type of entrepreneurship involves pursuing innovative solutions to social problems such as poverty and global warming?

a)

Intrapreneurship

b)

Social Entrepreneurship

c)

Serial Entrepreneurship

d)

Family Business

6.

In the five principles of effectuation, which principle states that entrepreneurs should use the resources they currently have instead of waiting for ideal conditions?

a)

Affordable Loss

b)

Lemonade

c)

Bird in Hand

d)

Crazy Quilt

7.

Which of the following is NOT true about entrepreneurs?

a)

Entrepreneurs are always born with exceptional personality traits.

b)

Entrepreneurs can work in companies, franchises, and family businesses.

c)

Entrepreneurship can be taught but requires practice.

d)

Entrepreneurs often work in partnership rather than competition.

8.

Which principle of effectuation emphasizes forming partnerships to reduce uncertainty and create opportunities?

a)

Bird in Hand

b)

Crazy Quilt

c)

Lemonade

d)

Pilot in the Plane

9.

Which of the following best describes entrepreneurial thinking?

a)

Uses reliable data for decision-making in stable environments

b)

Identifies opportunities and pursues problem-solution fits

c)

Focuses on hierarchical structures in large corporations

d)

Always follows a formal business plan

10.

Which type of entrepreneur is known for constantly coming up with fresh ideas and starting new ventures?

a)

Family Entrepreneur

b)

Serial Entrepreneur

c)

Franchise Entrepreneur

d)

Intrapreneur