Allen National High School

Allen

First Periodic Exam in Entrepreneurship

Name: ____________________________ Date: ____________

Group: __________________________ Score: ___________

Directions: Read and understand the items being described below. Encircle the letter of the correct answer.

1. Which of the following is the index of entrepreneurship?

a. Developing a small elite class
b. Transforming ideas into economic opportunities
c. Searching, identifying and developing raw materials
d. Innovating and developing new products and services
2. Which of the following is NOT closely associated with entrepreneurship?
a. Flexibility factors c. Knowledge and innovation
b. Change and creativity d. None of these
3. What happens when entrepreneurial activities slow down?
a. Income is evenly distributed c. Quality of life is improved
b. Tax revenues are increased d. Country’s unemployment rate goes up
4. People who own, operate, and take risk of a business venture:
a. Aptitude c. Entrepreneurs
b. Employee d. Entrepreneurship
5. Which of the following is NOT true about entrepreneurship?
a. Entrepreneurship contributes significantly to the continuous improvement of living standards.
b. Entrepreneurship helps the development of a handful of people getting rich through enterprise.
c. Entrepreneurship activities slow down the country’s unemployment rates.
d. Entrepreneurship provides an opportunity for making unproductive use of capital resources.
6. An entrepreneur is aware of ___________.
a. his family’s activities c. the way he carries himself in public
b. his business competitors d. the present demand for certain products/ services in his community
7. Self-discipline is important in putting up a business. Which statements below contributes to the success of an
entrepreneur?
a. Develop the ability to get things done, even when you don’t feel like it
b. Dedicate yourself in improving your leadership skills and abilities
c. Being able to appeal to other people’s emotions in selling your ideas, products or services
d. Identify a profitable market and then build your business
8. To communicate effectively is one good quality of a good entrepreneur. Which of the options below is the most
important quality?
a. Sales ability c. Strong work ethics
b. Self discipline d. Strong leadership qualities
9. In business, it is the survival of the fittest that counts. Which of the statements below best describes
competitiveness?
a. Identify a profitable market and build your business
b. Make an effort to genuinely like, respect and appreciate other people
c. Learn self discipline with the right information and conscious efforts
d. Play to win, but never to sacrifice your integrity for the sake of a few pesos
10. Which PECs behavioural indicator meets or beats existing standards of excellence to improve performance?
a. Opportunity seeking c. Demand for quality and efficiency
b. Persuasion and networking d. Commitment to the work contract
11. Entrepreneurship contributes to __________.
a. Economic growth c. Career alternatives for women and minorities
b. Employment opportunities d. All of the above
12. An entrepreneur has the following personal characteristics except
a. Self- confident c. Creative
b. Goal-oriented d. Over ambitious
13. The process of starting and operating one's own business and essentially concerns the creation and development of
new business enterprises. It involves idea generation, organization and risk taking
a. Entrepreneur c. Enterprise
b. Intrapreneurs d. Entrepreneurship
14. Entrepreneurs must be expert organizers and ________.
a. Coordinators c. Planners
b. Talkers d. Socializers
15. Which of the following shows the process of creating something new?
a. Business model c. Creative Flexibility
b. Modelling d. Innovation
16. _______ is the ability for convincing people to see your point of view and to get them interested in your ideas.
a. Personality c. Punctuality
b. Persuasiveness d. Popularity
17. Qualities that fall under Achievement cluster include:
a. Persistence c. Information-Seeking
b. Goal-Setting d. Systematic Planning and Monitoring
18.