Quarter 1 Module 1: Introduction to Entrepreneurship

Question 1

True or False:
Entrepreneur means “to undertake.”

Answer 1

True

Question 2

True or False:
Entrepreneurship is a process of actions of an entrepreneur who is always in search of opportunities.

Answer 2

True

Question 3

True or False:
The greatest significance of entrepreneurship is to help identify and develop the managerial capabilities of entrepreneurs.

Answer 3

True

Question 4

True or False:
Entrepreneurship will lead to the creation of organizations.

Answer 4

True

Question 5

True or False:
Entrepreneurship can improve the life of the entrepreneur only.

Answer 5

False

Question 6

True or False:
Coward people will become successful entrepreneurs.

Answer 6

False

Question 7

True or False:
An entrepreneur is a “Risk Taker”.

Answer 7

True

Question 8

True or False:
Entrepreneurship is not an economic activity.

Answer 8

False

Question 9

True or False:
Entrepreneurs are innovative.

Answer 9

True

Question 10

True or False:
Profit potential is the compensation of the entrepreneur.

Answer 10

True

Question 11

True or False:
An entrepreneur can become a business consultant.

Answer 11

True

Question 12

True or False:
An entrepreneur can also be a researcher.

Answer 12

True

Question 13

True or False:
An entrepreneur can also become a salesman.

Answer 13

True

Question 14

True or False:
Entrepreneurship graduates can become business reporters.

Answer 14

True

Question 15

True or False:
The entrepreneur could easily see the results of his efforts.

Answer 15

False

Question 16

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

Answer 16

Development of Managerial Capabilities

Question 17

which means that because of entrepreneurship many organizations will exist.

Answer 17

Creation of Organizations

Question 18

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

Answer 18

Improving Standard of Living

Question 19

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

Answer 19

Means of Economic Development

Question 20

The word “entrepreneur” was derived from the French verb enterprendre, which means “__ ___________.”

Answer 20

to undertake

Question 21

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

Answer 21

undertake

Question 22

doing things even before being told.

Answer 22

Initiative

Question 23

which means he can classify opportunities and seize it.

Answer 23

Proactive

Question 24

which means he can retain good relations with other people.

Answer 24

Problem Solver

Question 25

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

Answer 25

Perseverance

Question 26

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

Answer 26

Persuasion

Question 27

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

Answer 27

A Planner

Question 28

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

Answer 28

Risk-taker

Question 29

________ Factors which include political, climate, legal system, economic and social conditions and market situations.

Answer 29

Environmental Factors

Question 30

an entrepreneur must be firm in making decisions.

Answer 30

Decisive

Question 31

What are the 4 Core Competencies in Entrepreneurship?

Answer 31

Economic and Dynamic Activity Innovative Profit Potential Risk bearing

Question 32

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 32

Innovative Entrepreneurs

Question 33

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

Answer 33

Imitating Entrepreneurs

Question 34

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

Answer 34

Fabian Entrepreneurs

Question 35

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

Answer 35

Drone Entrepreneurs

Question 36

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 36

Social Entrepreneurs

Question 37

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

Answer 37

Business Consultant

Question 38

the entrepreneurship graduate can apply as a salesman.

Answer 38

Sales

Question 39

The entrepreneur who lives on the labor of others is called __________. a. Drone b. Fabian c. Imitating d. Innovative

Answer 39

a. Drone

Question 40

Entrepreneur means: a. Risk taker b. To undertake c. To research d. To improve standard of living

Answer 40

b. To undertake

Question 41

Which of the choices is NOT part of the environmental factors? a. Political b. Weather condition c. Climate d. Family background of the manager

Answer 41

d. Family background of the manager