ENTREPRENEURSHIP

Instruction: Read the statements carefully then write True if the statement is correct
& write False if you think the answer is not correct.
____________1. Entrepreneur means “to undertake.”
____________2. Entrepreneurship is a process of actions of an entrepreneur who
always in search of opportunities.
____________3. The greatest significance of entrepreneurship is to help identify and
develop the managerial capabilities of entrepreneurs.
____________4. Entrepreneurship will lead to the creation of organizations.
____________5. Entrepreneurship can improve the life of the entrepreneur only.
____________6. Coward people will become successful entrepreneur.
____________7. An entrepreneur is a “Risk Taker”.
____________8. Entrepreneurship is not an economic activity.
____________9. Entrepreneurs are innovative.
____________10. Profit potential is the compensation of the entrepreneur.
____________11. An entrepreneur can become a business consultant.
____________12. An entrepreneur can also be a researcher.
____________13. An entrepreneur can also become a salesman.
____________14. Entrepreneurship graduates can become a business reporter.
____________15. The entrepreneur could easily see the results of his efforts.

Answer the questions given below by encircling the letter of the correct
answer.
1. The entrepreneurs who create new ideas are called?
a. Innovative
b. Imitating
c. Fabian
d. Drone
2. The entrepreneur who lives on the labor of others is called?
a. Drone
b. Fabian
c. Imitating
d. Innovative
3. These are entrepreneurs who are to follow the path shown by innovative
entrepreneur.
a. Innovative
b. Imitating
c. Social Entrepreneurs
d. Fabian
4. 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
5. Entrepreneur means:
a. Risk taker
b. To undertake
c. To research
d. To improve standard of living
6. It is a personality factor which means “doing things even before being told”
a. proactive
b. perseverance
c. persuasion
d. initiative
7. It is a personality factor which means convincing customers to buy the
product
a. Proactive
b. Persuasion
c. Self-confidence
d. Risk taker
8. Which of the choices is NOT part of the environmental factors?
a. Political
b. Weather condition
c. climate
d. family background of the manager
9. All except one does NOT belong to the group?
a. Unfair trade practices
b. Strikes
c. Political protest
d. Product
10.The entrepreneur who is skeptical about the changes in the company is called?
a. Fabian
b. Social entrepreneur
c. Drone
d. Imitating
Direction: Encircle the letter of your choice.
1. It is the process of considering, evaluating, and pursuing market-based
activities that are believed to be advantageous for the firm.
A. Opportunity seeking
C. Opportunity screening
B. Opportunity seizing
D. Sources of opportunity
2. This is essential to opportunity seeking which allows the entrepreneur to see
things in a positive and optimistic light in the midst of crisis or difficult
situations.
A. Entrepreneurial mind frame
C. Entrepreneurial heart flame
B. Entrepreneurial gut game
D. Entrepreneurial heart frame
3. It is the ability of entrepreneur that can sense without using the five senses,
also known as intuition.
A. Entrepreneurial mind frame
C. Entrepreneurial heart flame
B. Entrepreneurial gut game
D. Entrepreneurial heart frame
4. One of the essetials of entrepreneur’s opportunity seeking that refers to the
driven passion of an individual.
A. Entrepreneurial mind frame
C. Entrepreneurial heart flame
B. Entrepreneurial gut game
D. Entrepreneurial heart frame
5. What variable of societal environment includes income level and employment
rate?
A. Economic forces
C. Political forces
B. Sociocultural forces
D. Technological forces
For questions 6 and 7 refer to the following statements:
A. Preferences and tastes of the customers easily change.
B. The buyer has the potential for backward integration.
C. The cost of switching the supplier cost is minimal.
D. Product differentiation is highly noticeable.
6. Which are the factors of the substitute product that pose a great threat in the
industry environment?
A. A,B,C,D
C. A and D
B. A and C
D. B and C
7. Which are the factors that influenced the buyer to have a less threats because
of the bargaining power?
A. A only
C. A and D
B. A and C
D. B and C
8. They are the one that pays cash in exchange to your goods and services.
A. Buyers
C. sellers
B. Competitors
D. suppliers
9. The intensity of rivalry among existing firms is characterized to the following
factors except one:
A. Diversity of rivals.
B. Number of competing firms.
C. Characteristics of the products or services.
D. The product represents a high percentage of the buyer’s cost.
10.The following are the forces competing within the industry except one:
A. Potential new entrants and Substitute Products
B. Buyers and Suppliers
C. Rivalry among existing firms
D. Needs and Wants

Answer the questions below. Encircle the letter of your choice.

1. It is the process of gathering, analyzing and interpreting the information about the
product or the services to be offered for sale in the market, the market and about
past, present and any potential consumers for the products.a. Data Gathering
b. Primary Research
c. Secondary Research
d. Market Research
2. A data gathering technique where it can be moderated to group interviews and
brainstorming sessions that provide information on user’s needs and behaviors.
a. Personal Interview
b. Focus Group Discussion
c. Survey
d. Data Gathering
3. A data gathering technique where it can be done via direct mail, over the phone,
internet or e-mail.
a. data gathering
b. survey
c. focus group discussion
d. personal interview
4. It refers to information gathered directly from the respondents who answered set
of questions.
a. Primary Research
b. Secondary Research
c. Survey
d. Data Gathering
5. It is the most common way to gather primary research with the use of
questionnaires or interview schedule.
a. Interview
b. Focus Group Discussion
c. Survey
d. Data Gathering