FIRST ACHIEVEMENT TEST- ENTREPRENEURSHIP
Quiz by Daisy Jane Diño
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50 questions
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- Q1Which among the following benefit from entrepreneurship?FILIPINO ENTREPRENEURSPHILIPPINE ECONOMYLOCAL COMMUNITYALL OF THE ABOVE30s
- Q2Which of the following is not true about the benefit of entrepreneurship to the local community?IT PROVIDES EMPLOYMENT.IT PROMOTES PEACEFUL COMMUNITY.IT CREATES NEW DEMAND IN THE MARKET.IT HASTENS ECONOMIC FAILURE.30s
- Q3Which is the end result of paying taxes?IT RETURNS TO THE CITIZENS THROUGH DIFFERENT PUBLIC SERVICES.IT PROMOTES COMPETITION AMONG BUSINESS VENTURES.IT BURDENS SMALL SCALE ENTREPRENEURSIT CAUSES THE INCREASE ON PRICES OF RAW MATERIALS.30s
- Q4How does an entrepreneur create value for his/her products or services?BY INCREASING THE PRICE OF THE PRODUCT OR SERVICEBY GIVING PRODUCTS AND SERVICE FOR FREE TO THOSE WHO ARE IN NEED.BY FOCUSING ON PRODUCT PACKAGINGBY SATISFYING THE NEEDS AND WANTS OF THE CUSTOMERS30s
- Q5Which of the following will be an entrepreneur's reaction to risk?FACE THE RISK.INVEST ON OTHER PRODUCTS OR SERVICES.PAUSE AND WAIT FOR THE PROBLEM TO SOLVE ITSELF BEFORE CONTINUING OPERATIONS.AVOID THE RISK30s
- Q6Which is NOT an advantage of learning intrapreneurship?IT CULTIVATES CREATIVITY.IT BOOSTS YOUNG ENTREPRENEURS IN STARTING THEIR OWN BUSINESS VENTUREIT HELPS ACQUIRE CORE BUSINESS CONCEPTS.IT INCREASES THE RISK IN STARTING A BUSINESS.30s
- Q7Which of the following does not describe a socio-cultural environment source of opportunity?CUSTOMSBELIEFSTASTELICENSES30s
- Q8Which of the following is characterized by the income level of a region or area?TECHNOLOGICALECOLOGICALECONOMICPOLITICAL30s
- Q9Which of the following is not true?THE USE OF TECHNOLOGY IN A BUSINESS VENTURE IS INEVITABLE NOWADAYS.THE INCOME LEVEL OF A REGION DICTATES THE PURCHASING POWER OF THE CUSTOMERS.ENVIRONMENTAL ISSUES OPEN DOORS FOR BUSINESS OPPORTUNITIES.IN THE PHILIPPINES, BELIEFS, TRADITIONS, AND CUSTOMS ARE THE SAME FROM ONE AREA TO ANOTHER.30s
- Q10What refers to a specific group of consumers at which a company aims its products and services?CUSTOMERTARGET MARKETCONSUMERINVESTOR30s
- Q11It is a competency related to recognizing and developing market opportunities through various meanRELATIONSHIP COMPETENCYCONCEPTUAL COMPETENCYOPPORTUNITY COMPETENCYCOMMITMENT COMPETENCY30s
- Q12It is a related to person to person or individual to grouped based interactions, i.e., building a context of cooperation and trust, using contacts and connections, persuasive ability, communication and interpersonal skill.OPPORTUNITY COMPETENCYCONCEPTUAL COMPETENCYRELATIONSHIP COMPETENCYCOMMITMENT COMPETENCY30s
- Q13The competencies that drive the entrepreneur to move ahead with the business.CONCEPTUAL COMPETENCYSTRATEGIC COMPETENCYORGANIZING COMPETENCYCOMMITMENT COMPETENCY30s
- Q14The competency related to different conceptual abilities which are reflected in the behaviors of the entrepreneur.STRATEGIC COMPETENCYCONCEPTUALOPPURTUNITY COMPETENCYORGANIZING COMPETENCY30s
- Q15It is the competency related to the organization of different internal and external human, physical, financial and technological resources.CONCEPTUAL COMPETENCYSTRATEGIC COMPETENCYORGANIZING COMPETENCYOPPUTUNITY COMPETENCY30s