YUNIT TEST
FIRST QUARTER
ENTREPRENEURSHIP
1.The entrepreneur who is skeptical about the changes in the company is called?
a. Fabian b. Social entrepreneur
c. Drone d. Imitating
2. Which is NOT a career for an entrepreneur?
a. Business consultant b. Sales
c. Research and Development d. Domestic Helper
3. They are entrepreneurs who drive social innovation and transformation in various
fields.
a. Drone b. Social entrepreneur
c. Fabian d. Imitating
4. Which of the statements below is true?
a. Entrepreneur has limited career opportunities.
b. Entrepreneurs are prone to constant high income.
c. Entrepreneurs are contributor to the development of the society.
d. Entrepreneurs are the reasons for unemployment problem.
5. Which of the statement is NOT true?
a. An entrepreneur will patiently wait for his efforts to bear fruit.
b. The profit of the entrepreneur is immediate.
c. All entrepreneurs are successful
d. Entrepreneurs are researchers
6. Which of the following is NOT true?
a. Entrepreneurship create organizations
b. Improves the life of the entrepreneur alone
c. Entrepreneurs improves the economy
d. None of the choices
7. The entrepreneurs who create new ideas are called?
a. Innovative b. Imitating
c. Fabian d. Drone
8. The entrepreneur who lives on the labor of others is called?
a. Drone b. Fabian
c. Imitating d. Innovative
9. These are entrepreneurs who are to follow the path shown by innovative
entrepreneur.
a. Innovative b. Imitating
c. Social Entrepreneurs d. Fabian
10. Which of the following is NOT a function of an entrepreneur?
a. Skills management b. Risk taking
11. Entrepreneur means:
a. Risk taker b. To undertake
c. To research d. To improve standard of living
12. It is a personality factor which means “doing things even before being told.”
a. proactive b. perseverance
c. persuasion d. initiative
13. It is a personality factor which means convincing customers to buy the product.
a. Proactive b. Persuasion
c. Self-confidence d. Risk-taker
14. Which of the choices is NOT part of the environmental factors?
a. Political b. Weather condition
c. climate d. family background of the manager
15. All except one does NOT belong to the group?
a. Unfair trade practices b. Strikes
c. Political protest d. Product
16. 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
17. Which of the following good sources of entrepreneurial ideas determine the interest,
hobbies and
preferences of people.
A. Changes in the environment C. People’s interest
B. Technological discovery D. Past experiences
18. Societal environment includes the following, except:
A. Economic forces C. Political forces
B. Sociocultural forces D. Natural resources
19. Which among the following is the result of identifying entrepreneurial opportunities?
A. Creation of entrepreneurial ideas C. Sources of opportunity
B. Opening of entrepreneurial venture D. Entrepreneurial process
20. What entrepreneurial idea will you recognized, if you consider the new discovery and
advancement of
technology as source of opportunity?
A. Changes in the environment B. Technological discovery and
advancement
C. Government’s thrust, programs, and policies D. People’s interest
21. Source of entrepreneurial idea where expertise and skills develop by a person from its
previous work can
lead to the opening of a related business enterprise.
A. Government’s thrust, programs, and policies B. Past experiences
C. People’s interests D. Technological discovery and
advancement
22. 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
23. 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
24. 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
25. One of the essentials 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
26. 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 27 and 28 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.
27. 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
28. 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
29. They are the one that pays cash in exchange to your goods and services.
A. Buyers C. Sellers
B. Competitors D. Suppliers
30. 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.
II-IDENTIFICATION
______________31. Is a set of controllable and connected variables that a company gather
to satisfy a customer better than its competitor.
______________32. An intermediary or middleman that customers use to get products from
the manufacturer.
______________33. Refers to the outside appearance of a product and how it is presented
to the customers.
______________34. A long-term design for the development of a popular brand in order to
achieve the goals and objectives.
______________35. It is an information gathered directly from the respondents who
answered set of questions.
______________36. It is the traditional method of data collection which is normally done on
a personal manner with the respondents.
______________37. It obtains information on general attitudes, understand the
circumstances under which customers might require your product or
services, understand their desired outcomes.
______________38. It is the most common way to gather primary research with the use of
questionnaire or interview schedule.
______________39. It is the most valuable tool of any type of research study.
______________40. It refers to any goods or services that are produced to meet the
consumers wants, tastes and preferences.
