ENTREP

Question 1

The word “entrepreneur” was derived from the French verb _____ which means “to undertake”

Answer 1

ENTERPRENDRE

Question 2

This is pinpointing to those who “undertake”
the risk of enterprise.

Answer 2

ENTREPRENEUR / ENTERPRENDRE

Question 3

The ______ is
created by an entrepreneur

Answer 3

ENTERPRISE

Question 4

The process of creating enterprise is called ____.

Answer 4

ENTREPRENEURSHIP

Question 5

They are willing to take the risks and generate unique ideas that can
provide profitable solutions to the
needs of the market and the society.

Answer 5

ENTREPRENEURS

Question 6

What are the four relevance of entrepreneurship to an organization?

Answer 6

1. DEVELOPMENT OF MANAGERIAL CAPABILITIES
2. CREATION OF ORGANIZATIONS
3. IMPROVING STANDARD OF LIVING
4. MEANS OF ECONOMIC DEVELOPMENT

Question 7

This means that one of the benefits an entrepreneur gets is to
develop his managerial skills.

Answer 7

DEVELOPMENT OF MANAGERIAL CAPABILITIES

Question 8

Which means that because of
entrepreneurship many organizations will exist.

Answer 8

CREATION OF ORGANIZATIONS

Question 9

This means that
entrepreneurship can lift up the economic status of an individual.

Answer 9

IMPROVING STANDARD OF LIVING

Question 10

This means that not
only the life of the entrepreneur is
improved but also the society where
the business is located.

Answer 10

MEANS OF ECONOMIC DEVELOPMENT

Question 11

What are the two factors affecting entrepreneurship?

Answer 11

1. PERSONALITY FACTORS
2. ENVIRONMENTAL FACTORS

Question 12

What are the seven personality factors?

Answer 12

1. INITIATIVE
2. PROACTIVE
3. PROBLEM SOLVER
4. PERSEVERANCE
5. PERSUASION
6. A PLANNER
7. RISK-TAKER

Question 13

Doing things even before being told.

Answer 13

INITIATIVE

Question 14

Which means he can
classify opportunities and seize it.

Answer 14

PROACTIVE

Question 15

Which means he
can retain good relations with other
people.

Answer 15

PROBLEM SOLVER

Question 16

Meaning he will
pursue things to get done regardless of
challenges.

Answer 16

PERSEVERANCE

Question 17

Means that he can
entice people to buy even if they don’t
want to.

Answer 17

PERSUASION

Question 18

He makes plans before
doing things and does not fail to monitor it.

Answer 18

A PLANNER

Question 19

Which means that he is
willing to gamble but he will calculate it
first.

Answer 19

RISK-TAKER

Question 20

Which include political, climate, legal system,
economic and social conditions and
market situations.

Answer 20

ENVIRONMENTAL FACTORS

Question 21

What are the seven common competencies in entrepreneurship?

Answer 21

1. DECISIVE
2. COMMUNICATOR
3. LEADER
4. OPPORTUNITY SEAKER
5. PROACTIVE
6. RISK-TAKER
7. INNOVATIVE

Question 22

An entrepreneur must be firm in making decisions.

Answer 22

DECISIVE

Question 23

An entrepreneur must
have a convincing power.

Answer 23

COMMUNICATOR

Question 24

An entrepreneur must have the charisma to be obeyed by his employees.

Answer 24

LEADER

Question 25

An entrepreneur must have the ability to be the first to see business chances.

Answer 25

OPPORTUNITY SEAKER

Question 26

An entrepreneur has the courage to pursue business ideas.

Answer 26

RISK-TAKER

Question 26

An entrepreneur can control a situation by making things happen or by preparing for possible future problems.

Answer 26

PROACTIVE

Question 27

The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.

Answer 27

INNOVATIVE

Question 28

What are the four core competencies of entrepreneur?

Answer 28

1. ECONOMIC AND DYNAMIC ACTIVITY 2. INNOVATIVE 3. PROFIT POTENTIAL 4. RISK BEARING

Question 29

Entrepreneurship is an economic activity because it involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources. creative.

Answer 29

ECONOMIC AND DYNAMIC ACTIVITY

Question 30

The entrepreneur constantly looks for new ideas, thus he needs to be creative.

Answer 30

INNOVATIVE

Question 31

The entrepreneur can be compensated by his profit coming from the operation.

Answer 31

PROFIT POTENTIAL

Question 32

The entrepreneur needs to gamble but wise enough to offset the risk.

Answer 32

RISK BEARING

Question 33

What are the five types of entrepreneurs?

Answer 33

1. INNOVATIVE ENTREPRENEURS 2. IMITATING ENTREPRENEURS 3. FABIAN ENTREPRENEURS 4. DRONE ENTREPRENEURS 5. SOCIAL ENTREPRENEURS

Question 34

- They are those who always make new things by thinking of new ideas. - They have the ability to think newer, better and more economical ideas.

Answer 34

INNOVATIVE ENTREPRENEURS

Question 35

They are those who don’t create new things but only follow the ideas of other entrepreneurs.

Answer 35

IMITATING ENTREPRENEURS

Question 36

They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are

Answer 36

FABIAN ENTREPRENEURS

Question 37

They are those who live on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.

Answer 37

DRONE ENTREPRENEURS

Question 38

They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.

Answer 38

SOCIAL ENTREPRENEURS

Question 39

What are the career opportunities of entrepreneurship?

Answer 39

1. BUSINESS CONSULTANT 2. TEACHER 3. RESEARCHER 4. SALES 5. BUSINESS REPORTER

Question 40

With the expertise of in the field of entrepreneurship, he can be a very good source of advices to other entrepreneurs and would be businessmen.

Answer 40

BUSINESS CONSULTANT