Question 1

Which among the following benefit from entrepreneurship?

Accepted Answer

All of the Above

Answer

Filipino Entrepreneurs

Answer

Local Community

Answer

Philippine Economy

Question 2

Which of the following does not define entrepreneurship?

Accepted Answer

Science

Answer

Art

Answer

Wealth Creating

Answer

Risk Taking

Question 3

Which of the following first benefit from entrepreneurship?

Accepted Answer

Filipino Entrepreneurs

Answer

Philippine Economy

Answer

Local Community

Answer

All of the Above

Question 4

Which of the following is not true about the benefit of entrepreneurship to the
local community?

Accepted Answer

It hastens economic failure.

Answer

It creates new demand in the market.

Answer

It provides employment.

Answer

It promotes peaceful community.

Question 5

Which is the end result of paying taxes?

Accepted Answer

It returns to the citizens through different public services.

Answer

It causes the increase on prices of raw materials.

Answer

It promotes competition among business ventures.

Answer

It burdens small scale entrepreneurs.

Question 6

How does an entrepreneur create value for his/her products or services?

Accepted Answer

by satisfying the needs and wants of the customers.

Answer

by focusing on product packaging.

Answer

by giving products and service for free to those who are in need.

Answer

by increasing the price of the product or service.

Question 7

Which of the following will be an entrepreneur's reaction to risk?

Accepted Answer

Face the risk.

Answer

Pause and wait for the problem to solve itself before continuing
operations.

Answer

Avoid the risk.

Answer

Invest on other products or services.

Question 8

Which of the following shows intrapreneurship?

Accepted Answer

leaving the management of the business to other people for the benefit
of the owner.

Answer

managing one's own business

Answer

production or modification of new products or services

Answer

creating product value

Question 9

Which is NOT an advantage of learning intrapreneurship?

Accepted Answer

It increases the risk in starting a business.

Answer

It helps acquire core business concepts.

Answer

It cultivates creativity.

Answer

It boosts young entrepreneurs in starting their own business venture.

Question 10

Which of the following best describe a hardworking entrepreneur?

Accepted Answer

working diligently

Answer

wise judgement

Answer

belief in oneself

Answer

strategic thinking

Question 11

Which of the following does not describe a socio-cultural environment source
of opportunity?

Accepted Answer

licenses

Answer

customs

Answer

beliefs

Answer

taste

Question 12

Which of the following is characterized by the income level of a region or area?

Accepted Answer

economic

Answer

political

Answer

technological

Answer

ecological

Question 13

Which of the following is not true?

Accepted Answer

In the Philippines, beliefs, traditions, and customs are the same from
one area to another.

Answer

The income level of a region dictates the purchasing power of the
customers.

Answer

Environmental issues open doors for business opportunities.

Answer

The use of technology in a business venture is inevitable nowadays.

Question 14

What refers to a specific group of consumers at which a company aims its
products and services?

Accepted Answer

target market

Answer

customers

Answer

consumers

Answer

investors

Question 15

What refers to integrated characteristic of a group of people or ethnic group?

Accepted Answer

cultural forces

Answer

social forces

Answer

economic forces

Answer

ecological forces

Question 16

Which of the following elements belong to the social force?

Accepted Answer

literacy level

Answer

wildlife

Answer

climate

Answer

physical resources

Question 17

Which of the following parts of the business plan is done last?

Accepted Answer

Executive Summary

Answer

Product/Service Plan

Answer

Market and Sales Plan

Answer

Financial Plan

Question 18

Environmental awareness on the harmful effects of single-use plastics are
common nowadays. What particular environment is represented by this
situation?

Accepted Answer

Ecological

Answer

Social

Answer

Political

Answer

Economic

Question 19

What does SWOT stand for?

Accepted Answer

Strengths, Weaknesses, Opportunities and Threats

Answer

Strengths, Weaknesses, Observations and Threats

Answer

Strengths, Weaknesses, Opportunities and Traits

Question 20

Which of the following is the process of dividing the whole market into smaller
groups that the business wants to serve?

Accepted Answer

Market Segmentation

Answer

Market Positioning

Answer

Market Division

Answer

Market Analysis

Question 21

What opportunity environment includes the demographic and cultural factors
including beliefs, tastes, customs and traditions?

Accepted Answer

socio-cultural

Answer

economic

Answer

technological

Answer

political

Question 22

Which of the following is not a reason for writing a business plan?

Accepted Answer

Avoid borrowing money from investors

Answer

Anticipate financial requirements

Answer

Avoid costly mistakes

Answer

Minimize risks

Question 23

What includes the strategies of the company, the target market, value
proposition of the product or services to increase the company sales?

Accepted Answer

Market Plan

Answer

Management Plan

Answer

Executive Summary

Answer

Financial Plan

Question 24

Which of the following is not included in the Management and Organizational
Plan?

Accepted Answer

Break-even Analysis

Answer

Key Personnel

Answer

Company Name and Logo

Answer

Vision and Mission Statements

Question 25

What are business situations that must be exploited due to their potential in
terms of profit and growth?

Accepted Answer

Opportunities

Answer

Threats

Answer

Weaknesses

Answer

Strengths

Related quizzes

Related quizzes