Quiz Review GE 11 ENTREP 6.

"One has to remember that every

failures can be a stepping stone to
1. Entrepreneurship comes from the something better," declares ____.
French word "entreprendre," which a. Akio Morita
means: b. Henry Sy
a. To make c. =Harland David Sanders
b. To create d. Thomas Oppong
c. = to undertake 7. An entrepreneur should be always
d. To understadnd ________ for every action he or she
2. "There is no such thing as overnight made. Blame-game is not found in
success or easy money. If you fail, do entrepreneurship. An entrepreneur
not be discouraged; try again. When considers every possible outcome of
you do well, do not change your ways." his or her actions.
a. Akio Morita a. Responsible
b. Tony Tan – Caktiong b. = accountable
c. Edgar Sia c. Trustworthy
d. = Henry Sy d. trustworthy
3. Who says "Nothing is impossible with 8. Conducting ________ is deemed
the right attitude. Do not be intimidated important as it tests hypotheses and
by problems. Indeed, look at them as determines the possible size of your
opportunities for growth." target customers. It gives entrepreneur
a. Henry Sy an empirical basis whether the idea is
b. = Edgar Sia worth pursuing. Also, through this,
c. Tony Tan- Caktiong certain assumptions can be established
4. Hebert and Link (1988) define it as any to approximately determine the
activity which involved in the financial soundness of your proposed
specialization of taking responsibility for idea/entrepreneurial venture.
and making judgmental decisions that A. Advertisement
contribute change to a certain location, B. Promotion
the form and use of goods, resources or c. = Market Research
institution. d. Discount Pricing
a. Opportunity 9. Entrepreneurs tend to create an action
b. Entrepreneurial Process that can make difference. For them, this
C. = Entrepreneurship desire is another opportunity for them to
D Entrepreneurial Behaviour create wealth and make money.
5. Hebert and to
This refers Link
the(1988)
factorsdefine it as any
that influence = True
activity
the possiblewhich
outcome involved
of the in the 10. Becoming an entrepreneur does not
specialization
opportunity but ofgenerally
taking responsibility
it is an for happen overnight, it is a learning
exogeneous factors which means
and making judgmental decisions that process that performs numerous tasks
outside of change
contribute management's control.
to a certain This
location, that no one except yourself knows what
includes,
the interest
form and use ofrates,
goods,regulations,
resources or
macroeconomic activity, technology, the ending is. It is not a simple thing that
institution. automatically comes out of the blue.
and some industry variables like
a. Social entrepreneurship = True
competition.
b. Opportunity 11. Ardy Roberto is an award-winning
c. Entrepreneurial Behavior entrepreneur, speaker and best selling
d. = Context author of 8 books.
= True
12. "Never give up hope. All things are 20. Entrepreneurship adds to the national
working for others good. One day, you'll income of the country as it provides
look back on everything you've been employment for the people and
through and thank God for it." provides taxes to be used for various
= True projects and programs.
13. "Everyone wants success, but most = True
people lack two very important 21. Stewardship is another primary
qualities: persistence and patience."- requirement to become an
Denis Westley. entrepreneur. Stewardship skills that
= True can inspire others to follow or push
14. Mindset is the established set of others to do something innovative or
attitudes, a collection of thoughts and different is another vocabulary that
beliefs that shape your thought habits, describes an entrepreneur.
which affect how you think, what you = True
feel, and what you do. 22. Entering into the field of
= True entrepreneurship without setting
15. Mindset is the established set of concrete and sustainable goals leads
attitudes, a collection of thoughts and you to success.
beliefs that shape your thought habits, = False
which affect how you think, what you 23. Entrepreneurs skillfully handle stress
feel, and what you do. by taking calculated risks and
= True decisions. A lot of people like Mr.
16. "Competitiveness", is the abilities and Branson avoid stress by taking
skills (qualities) a person possesses, calculated risks in order to prevent
having a strong desire to be more unintended situations that can cause
successful than others or as good or stressful thinking.
better than others of a comparable =True
nature. 24. In an ever-changing environment,
= True flexible and competent human
17. "Never let success get to your heart, resources will help entrepreneurs
never let failure get to your head." improvise, strategize in their ventures,
= False and as well as advise in their decisions.
18. The future is uncertain; yes, that is true. = True
Despite uncertainties, entrepreneurs 25. In an ever-changing environment,
tend to calculate the risks before flexible and competent human
entering into a new venture or resources will help entrepreneurs
opportunity. Entrepreneurs will not improvise, strategize in their ventures,
enter into a fight if they know that the and as well as advise in their decisions.
odds are against them. = True
= True
19. Entrepreneurship creates community
development.
= True