ENTRPRENEURSHIP(1st Q-Summative test)
Quiz by Nonita Banawis
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- Q1
Which of the following DOES NOT describe entrepreneurship?
Entrepreneurship is a process of innovation and new venture creation.
Entrepreneurship is the person doing the business
Entrepreneurship is what the entrepreneur actually does.
Entrepreneurship aimed to gear as a self-employment decision.
60sCS_EP11/12ENTREP-0a-1 - Q2
It describes as a Market Player.
Entrepreneur
Leader
Entrepreneur
Student
60sCS_EP11/12ENTREP-0a-1 - Q3
Which of the following DOES NOT included in the causes of business failures?
Neglect
fraud
none of the choices
incompetence
60sCS_EP11/12ENTREP-0a-1 - Q4
The role of a business plan consist of the following, EXCEPT ______.
It communicates to people
it is an outside advice
It permits constant change
it is a call to action
60sCS_EP11/12ENTREP-0a-1 - Q5
Which of the following are included in a business plan?
a. All of the above.
a. A step by step plan for the success of your business.
a. Goals of the business and how they will be achieved.
a. Financial information, production plans, personnel policies.
60sCS_EP11/12ENTREP-0a-1 - Q6
.Which of the following is NOTconsidered master of business plan?
managers and staff of the organization
Entrepreneurs
Investorsand financers
customers
60sCS_EP11/12ENTREP-0a-1 - Q7
Entrepreneurs must possess the following characteristics, EXCEPT________.
have a realistic outlook
Have superior conceptual abilities
Have broad thinking of the specialist
have moderate interpersonal skills
60sCS_EP11/12ENTREP-0a-1 - Q8
1. An individual who creates something for the first time is highly driven individual motivated by his or her own work and personal ideas.
Entrepreneur
Inventor
Imitative
Drone
60sCS_EP11/12ENTREP-0a-1 - Q9
It is otherwise known as target market.
none of the given option
Marketsegmentation
Marketpositioning
target marketing
60sCS_EP11/12ENTREP-0a-1 - Q10
1. It is a type of business entity owned and operated by a single person.
Soleproprietorship
cooperatives
Partnership
corporation
60sCS_EP11/12ENTREP-0a-3 - Q11
Which of the following is the first step in implementing the business?
Setobjectives
Developbrand name
Define common mission
planmarketing strategies
60sCS_EP11/12ENTREP-0a-2 - Q12
It is a way to convince customers to buy immediately.
sales promotion
repositioning
market penetration
Advertising
60sCS_EP11/12ENTREP-0a-4 - Q13
This part of a business plan gives the overview of the product / service.
Product/ Service
CompanyDescription
ExecutiveSummary
Financial Plan
60sCS_EP11/12ENTREP-0a-1 - Q14
This quality of entrepreneur describes the ability to push and push toward the finish line, even if the finish line seems comically out of reach.
Opportunityseeking
persistence
Goal Setting
Risk taking
60sCS_EP11/12ENTREP-0a-1 - Q15
A written document describing the nature of the business, the sales and marketing strategy and finance background.
FeasibilityStudy
Research paper
ActionResearch
Business plan
60sCS_EP11/12ENTREP-0a-1