2. 1. WHICH OF THE FOLLOWING DOES NOT DESCRIBE
ENTREPRENEURSHIP?
A. Entrepreneurship is a process of innovation and new
venture creation.
B. Entrepreneurship aimed to gear as a self-employment
decision.
C. Entrepreneurship is what the entrepreneur actually does.
D. Entrepreneurship is the person doing the business.
3. 2. IT DESCRIBES AS A MARKET PLAYER.
a. Businessman
b. Entrepreneur
c. Student
d. Leader
4. 3. WHICH OF THE FOLLOWING DOES NOT INCLUDED
IN THE CAUSES OF BUSINESS FAILURES?
A.Neglect
B.fraud
C.incompetence
D.none of the choices
5. 4. THE ROLE OF A BUSINESS PLAN CONSIST OF THE
FOLLOWING, EXCEPT ______.
A. It communicates to people
B. It permits constant change
C. it is a call to action
D. it is an outside advice
6. 5. WHICH OF THE FOLLOWING ARE INCLUDED IN A
BUSINESS PLAN?
A.Financial information, production plans, personnel
policies.
B. Goals of the business and how they will be
achieved.
C. A step by step plan for the success of your
business.
D.All of the above.
7. 6. WHICH OF THE FOLLOWING IS NOT CONSIDERED
MASTER OF BUSINESS PLAN?
A. Entrepreneurs
B. Investors and financers
C. managers and staff of the organization
D. customers
8. 7. ENTREPRENEURS MUST POSSESS THE FOLLOWING
CHARACTERISTICS, EXCEPT ________.
A.Have superior conceptual abilities
B. Have broad thinking of the specialist
C. Have a realistic outlook
D. Have moderate interpersonal skills
9. 9. What macro-environmental factor includes all the
laws, rules, and regulations on allowable and
disallowable business practices?
A.Social environment
B.Political environment
C.economic environment
d. ecological environment
10. 10. Which of the following is false regarding
environmental and regulatory compliance?
A. Business plan must articulate the laws, and regulations
governing the business, and industry that the enterprise
is in.
B. It should ascertain that all the necessary permits, licenses
would definitely be secured.
C. The business plan should also assure the reader that all
necessary local government ordinances would be
followed by the enterprise.
D. Business plan does not consider the rules of the barangay
as long as they have a business permit.
11. 11. Which of the following macro environmental
factors includes all natural resources and the
ecosystem that defines the habitat of man, animals,
plants and minerals?
A.Social environment
B. Political environment
c. economic environment
d. ecological environment
12. 12. The following are essential to an
entrepreneur’s opportunity-seeking EXCEPT
_________.
A.An entrepreneurial mind frame
B.entrepreneurial heart flame
c. entrepreneurial technical mind
d. entrepreneurial gut game
13. 13. “To provide quality food and passenger
convenience services that would generate sufficient
profits for the stockholders and improve the lives of
its employees”. This statement is an example of
_____.
a. mission b. vision
b. objectives d. core values
14. 14. Which of the following is NOT belong to
the 12 R’s of Opportunity Screening?
A. relevance b. rating
B. revenues d. range
15. 15. Which of the following is the most
difficult task of the entrepreneur because
of the many ways customers can be
divided and segmented?
A. market segmentation
B. market estimation
C.technology assessment
D. assessing competition