WorksheetsFinal Exam-PART 1: The Entrepreneurial Mind (20 items)
Total questions: 20
Worksheet time: 30mins
Who developed the standard expected utility model of risk preference as a function of utility over wealth?
Laffont
Astebro
Kihlstrom
Knight
Which BIR form is required for new employees who do not have a Tax Identification Number (TIN)?
Form 1905
Form 1902
Form 1906
Form 2305
What is the maximum accepted total membership for a cooperative?
10
6
30
20
Which type of corporation is available for trade on a public market?
S corporations
Open corporations
Nonprofit corporations
Closed corporations
Which type of property comes from the products of mental effort?
Assets
Entrepreneurial Property
C Property
Intellectual Property
What does a trademark protect?
Artistic works
Brand names and logos
Paintings
Products
A teacher identifies that students struggle with retaining concepts and brainstorms using gamification techniques to address this. Which stage of innovation does this represent?
Validation
Ideation
Implementation
Scaling
Which social media platform is BEST suited for showcasing one’s expertise to a professional audience?
Which priority is often emphasized by most Filipino ventures when pursuing sustainable supply chains?
Ethical sourcing and fair trade
Exploring labor conditions and trade
Ignoring waste management
Maximizing profit regardless of origin
An educational startup aims to fill a gap in the traditional education system. Which scenario BEST illustrates this approach?
Developing innovative programs that address specific local community educational needs
Offering the same curriculum as public schools with minor modifications
Focusing only on high-income families for their services
Providing resources without considering feedback from teachers or students
You plan to attend a startup bootcamp during your final semester. How can this educational experience strategically support your entrepreneurial goals?
By networking with potential investors and mentors
By replacing the need for academic qualifications
By guaranteeing the success of the bootcamp
By reducing the need to create a detailed business plan
Your professor asks you to build your online presence to help elevate college enrollment, aligned with your program’s mission and goals. Which tasks fit this alignment? I. Share weekly informative short reels about your teacher education experience II. Extensively network with indigenous people and post to social media III. Participate in competitions locally and internationally IV. Engage in research and academic collaborations
I only
I, III, IV
IV and I only
I, II, III
A university plans to implement an AI-powered tutoring system to support personalized learning but worries about diverse learning styles and distraction. What is the BEST way to handle these concerns?
Offer guidelines showing how AI complements teachers rather than replaces them
Abandon the AI tutoring system and return to traditional methods
Introduce AI only in subjects with minimal human involvement
Pilot test the system and adjust based on learning styles and educational outcomes
What is the consensus among entrepreneurship researchers regarding the relationship between risk tolerance and start-up business?
Risk tolerance has no impact on business creation.
Risk tolerance is negatively correlated with start-up business.
Risk tolerance is positively correlated with start-up business.
There is vague association of risk tolerance and start-up business.
Joachim is encouraged by his best friend to invest in a stock market portfolio with a 50% chance of significant loss. Based on typical risk attitudes of the general population, how is Joachim most likely to respond?
Hoping for a large return, he will take the risk without hesitation.
He will inquire more about the portfolio and weigh its risks before he responds to the offer.
He will likely reject the investment preferring to save in banks.
He will take a loan to increase potential profits from the stock market portfolio.
A university evaluates a high-risk advertising campaign that could either increase enrollment by 40% or fail and reduce enrollment by 10%. The expected return is 10%. Management is risk-averse and will only invest if the risk premium is satisfactory. What is the BEST course of action according to the expected utility model?
Invest in the campaign since there is an expected return.
Demand at least 15% expected return before proceeding.
Reject the campaign since it is risky and less potential reward.
Proceed with the campaign since risk aversion does not affect this case.
During a teaching internship in a disruptive classroom, you consider a new behavior management strategy suggested during training but worry it might not work. What is the BEST approach?
Try the new strategy and closely monitor its impact.
Use traditional strategies that worked for you in the past.
Completely avoid anything new as it might worsen the situation.
Rely on peer observation and feedback to manage the classroom without making any changes to your approach.
A shared learning space business by a student organization loses its initial investors and is unable to secure further funding. What factor MOST likely contributes to its potential closure?
Lack of customer demand for the services.
Poor employee turnover and poor campaign for the business.
Unstable cash flow and inability to attract investors.
The type of business does not have a clear market size.
In terms of funding, how do educational entrepreneurs typically support their innovative projects?
By relying solely on tuition fees from students.
By seeking external funding such as grants and investments.
By limiting resources to only the wealthiest schools.
By avoiding any collaboration with local educational authorities.
How can failure be leveraged as a learning opportunity in innovation?
Prevent others from working on future projects and blame them for mistakes.
Accept innovative projects that will eventually fail and move to the next project without improving the previous work.
Focus only on success and ignore setbacks.
Analyze the reasons for failure then adapt and improve the innovative project.
