Entrep

1. They create value by introducing new products or services or finding better ways of making them.

A) Economists
B) Entrepreneurs
C) Innovators
D) Opportunity Seekers

2. What is the role of self-motivation in the entrepreneurial mindset?

A) Self-motivation is only important for individuals who lack support from others
B) Self-motivation is not important in the entrepreneurial mindset
C) Self-motivation is important for overcoming challenges and achieving goals

3. Which of the following is not a characteristic of an entrepreneurial mindset?

A) Persistence
B) Avoiding challenges
C) Risk-taking

4. What is a common characteristic of successful entrepreneurs?

A) A tendency to avoid making decisions
B) A strong work ethics and resilience
C) A willingness to take risks without considering potential outcomes

5. What is the importance of networking in the entrepreneurial mindset?

A) Networking is only important for extroverted individuals
B) Networking is important for building relationships and finding new opportunities
C) Networking is not important in the entrepreneurial mindset

6. According to an economist, Entrepreneur is__?

I . one who brings resources, labor, materials,

II. One who brings other assets into combinations that make their value greater than before

II. One who introduces changes, innovation, and a new order.

IV. A danger-fear person/human

A) I, II, III and IV
B) I and III only
C) I, II and III only

7. The father of Entrepreneurship.

A) Maynard Keynes
B) Joseph Alois Schumpeter
C) Professor ROBERT NELSON
D) Karl Vesper

8. What is the importance of risk-taking in the entrepreneurial mindset?

A) Risk-taking is only important for individuals who have financial security
B) Risk-taking is important for seizing opportunities and achieving success
C) Risk-taking is not important in the entrepreneurial mindset

9. What is the role of innovation in the entrepreneurial mindset?

A) Innovation is not important in the entrepreneurial mindset
B) Innovation is important for creating new products and services and staying ahead of competitors
C) Innovation is only important in industries that require advanced technology

10. What is the role of creativity in the entrepreneurial mindset?

A) It is not important in the entrepreneurial mindset
B) It is important for generating new ideas and problem-solving
C) It is only important for artistic and creative ventures

11. What is the significance of passion in the entrepreneurial mindset?

A) Passion is only important in artistic and creative industries
B) Passion is not important in the entrepreneurial mindset
C) Passion is important for driving motivation and dedication to a venture

12. Describes an Entrepreneur in a broader perspective by postulating that entrepreneurship is now a concern of various professions.

A) Joseph Alois Schumpeter
B) Karl Vesper
C) Maynard Keynes
D) Professor ROBERT NELSON

13. What is the difference between a business idea and a business opportunity?

A) A business idea is a new product or service, while a business opportunity is an existing market need.
B) A business idea is a plan for starting a business, while a business opportunity is an existing opportunity to start a business.
C) A business idea is a creative concept, while a business opportunity is a specific plan for implementation.

14. Which of the following is not a key characteristic of successful entrepreneurs?

A) A willingness to take risks
B) A focus on short-term goals
C) A passion for their work

15. He introduced the concept of entrepreneurship (e.g., Capitalism, Innovation).

A) Professor ROBERT NELSON
B) Joseph Alois Schumpeter
C) Maynard Keynes

16. Free Enterprise/Free Market system.

A) Mixed Economy
B) Command Economy
C) Capitalism
D) Socialsim

17. TODAY, Filipino entrepreneurs are being characterized by globalized trading system wherein the real challenges of entrepreneuristic persons and organizations in the so-called ?

A) Border less World
B) Border less Trading
C) Global Trading

18. An entrepreneur is someone who enters a business-any business in time to form or change substantially that business nerve center. According to?

A) Karl Vesper
B) Schumpeter
C) Lloyd Shefsky
D) Economists

19. It is a process which refers to the progressive process of improving human conditions by reducing or eliminating poverty, disease, injustice, illiteracy, and exploitation.

A) Economic Development
B) Economic Rate Output
C) Economic Growth
D) Economic Process

20. they create value by introducing new products or services or finding better ways of making them.

A) business competitors
B) business enthusiasts
C) business managers
D) Entrepreneurs

21. An entrepreneur appears as a threat, an aggressive competitor.

A) According to Economists
B) According to A Capitalist Philosopher
C) According to a businessman
D) According to psychologists

22. the entry of the entrepreneur into the world of business means tax sources for the government.

A) promote self-help and unemployment
B) Empower individuals
C) Provides taxes to the economy
D) mobilizes capital

23. he real indicator of economic well-being among citizens and the masses are inn some ways was gauged by the amount of financial resources that every citizen accumulates.

A) mobilizes capital
B) Provides taxes to the economy
C) promote self-help and unemployment
D) Empower individuals

24. They are innovative opportunity seekers

A) Entrepreneurs
B) business enthusiasts
C) business managers
D) business competitors

25. Entrepreneurship is a dynamic process of innovation and new venture creation though five

(5) MAJOR DIMENSIONS which are?:

I. individuals, process, organization, institution, environment

II. individuals, process, organization, institution, Government

III. individuals, process, Innovation, Technology, environment

A) I and II only
B) II only
C) I, II and III
D) I only

26. It is a product of economic development.

A) Economic Rate Output
B) Economic Growth
C) Economic Development

27. Entrepreneurs blend are:

I. Creativity, innovation, risk taking

II. Hard work to form a firm

III. Hard work to form and nurture ventures

A) I only
B) I and III only
C) I, II and III
D) III only

28. According to Albert Shapero resources are brought together in organization to accomplish some objective (or the resources in existing organization are reorganized).

A) Entrepreneurship
B) Endeavor
C) Intiative
D) organization

29. aims to earn profits from producing, buying, and selling goods.

A) business enthusiasts
B) business managers
C) Entrepreneurs
D) business competitors

30. Which of the following is The Role of Entrepreneurship in Economic Development?

A) mobilizes capital
B) Entrepreneurship is capable of generating more jobs, income, goods and services.
C) Provides taxes to the economy

31. Allows the entrepreneur to see things in a very positive and optimistic

A) Innovation
B) Entrepreneurial mindset
C) Entrepreneurial mind Frame
D) Entrepreneurship

32. What is the role of creativity in the entrepreneurial mindset?

A) It is only important for artistic and creative ventures
B) It is not important in the entrepreneurial mindset
C) It is important for generating new ideas and problem-solving
D) Only few businesses/firms employ innovation and creativity in their products and services

33. What is the primary goal of information seeking?

A) Entertainment
B) Problem-solving
C) Discovery
D) Social interaction

34. Which of the following is not a key characteristic of successful entrepreneurs?

A) Having confident attitude
B) A passion for their work
C) A willingness to take risks
D) A focus on short-term goals

35. What is a common characteristic of successful entrepreneurs?

A) A strong work ethics and resilience
B) A tendency to avoid making decisions
C) Building relationships and finding new opportunities
D) A willingness to take risks without considering potential outcomes

36. What is the significance of passion in the entrepreneurial mindset?

A) Passion is only important in artistic and creative industries
B) Passion is making sacrifices of your time and affection
C) Passion is not important in the entrepreneurial mindset
D) Passion is important for driving motivation and dedication to a venture

37. Key characteristic of successful entrepreneurs in opportunity seeking.

A) Inflexibility
B) Creativity and innovation
C) Risk aversion
D) Preference for routine tasks

38. Entrepreneurs are known for being risk-takers.

A) Opportunity seeking
B) Innovativeness
C) Risk-taking
D) Self-motivation

39. What is the first step in the information-seeking process?

A) Reviewing past research
B) Compiling data
C) Identifying the information need
D) Searching online databases

40. Means, he knows who he is, what he is good at (special skills or expertise) and what he likes to do.

A) Passion
B) Self awareness
C) Self-motivation
D) Self-esteem

41. Which of the following is not a characteristic of an entrepreneurial mindset?

A) Confidence
B) Avoiding challenges
C) Persistence
D) Risk-taking

42. An entrepreneur have reasons that drive him to get him going and keeps him moving when he is in business.

A) Self-awareness
B) Self-motivation
C) Courage
D) Confidence

43. A characteristic of an entrepreneur having the willingness to take the risks striving for success towards achieving goals in business.

A) Drive
B) Information seeking
C) Courage
D) Opportunity seeking

44. What is the role of self motivation in the entrepreneurial mindset?

A) Self-motivation is not important in the entrepreneurial mindset
B) Self-motivation is only important for individuals who lack support from others
C) Self-motivation is important for overcoming challenges and achieving goals
D) Self-motivation is only applicable to those intelligent and wealthy individuals

45. Entrepreneurs are creative.

A) Discoverer
B) Opportunity-seeker
C) Information-seeker
D) Innovative

46. What is the difference between a business idea and a business opportunity?

A) A business idea is a plan for starting a business, while a business opportunity is an existing opportunity to start a business.
B) A business idea is a new product or service, while a business opportunity is an existing market need.
C) A business idea is a process and business opportunity is creating new markets
D) A business idea is a creative concept, while a business opportunity is a specific plan for implementation.

47. A willingness to take the risk which is a valuable trait when striving for success.

A) Positive Thinking
B) Courage
C) Decisiveness
D) Patience

48. The importance of networking in the entrepreneurial mindset.

A) Networking is important for building relationships and finding new opportunities
B) Networking is not important in the entrepreneurial mindset
C) Networking is only important for extroverted individual
D) Networking is building relationships or mutual connections between selected people and organizations only

49. This characteristic of an entrepreneur is described in Business as a process of making one fast decision after another. Often, a decision has to be made immediately, on the spur of the moment. In those instances, one should go with his intuition (the power/natural ability to make things possible) and Trust that he is doing the right thing.

A) Patience
B) Decisiveness
C) Drive
D) Positive Thinking

50. What is the role of innovation in the entrepreneurial mindset?

A) Innovation is only important in industries That require advanced technology
B) Only few businesses/firms employ innovation and creativity in their products and services
C) Innovation is important for creating new products and services and staying ahead of competitors
D) Innovation is not important in the entrepreneurial mindset

51. The importance of risk-taking in the entrepreneurial mindset?

52. What is a common characteristic of successful entrepreneurs?

A) A tendency to avoid making decisions
B) A willingness to take risks without considering potential outcomes
C) A strong work ethics and resilience

53. What is the role of creativity in the entrepreneurial mindset?

A) It is important for generating new ideas and problem-solving
B) It is not important in the entrepreneurial mindset
C) It is only important for artistic and creative ventures

54. What is the role of innovation in the entrepreneurial mindset?

55. What is the importance of networking in the entrepreneurial mindset?

A) Networking is not important in the entrepreneurial mindset
B) Networking is important for building relationships and finding new opportunities
C) Networking is only important for extroverted individuals

56. What is the role of self-motivation in the entrepreneurial mindset?

57. What is the significance of passion in the entrepreneurial mindset?

A) Passion is only important in artistic and creative industries
B) Passion is not important in the entrepreneurial mindset
C) Passion is important for driving motivation and dedication to a venture

58. What is the importance of risk-taking in the entrepreneurial mindset?

A) Risk-taking is not important in the entrepreneurial mindset
B) Risk-taking is important for seizing opportunities and achieving success
C) Risk-taking is only important for individuals who have financial security

59. Which of the following is not a characteristic of an entrepreneurial mindset?

A) Avoiding challenges
B) Persistence
C) Risk-taking

60. Which of the following is not a key characteristic of successful entrepreneurs?

A) A willingness to take risks
B) A focus on short-term goals
C) A passion for their work

61. What is the difference between a business idea and a business opportunity?

A) A business idea is a creative concept, while a business opportunity is a specific plan for implementation.
B) A business idea is a new product or service, while a business opportunity is an existing market need.
C) A business idea is a plan for starting a business, while a business opportunity is an existing opportunity to start a business.

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