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Maasin City National High School
Senior High School Department
Pre-Midterm Exam in Entrepreneurship

Name: Date:
Year and Section:

Creativity Determination Flexibility Self-confidence

Dedication Leadership Passion Smarts
I. Choose the correct answer from the box provided.
1. Is the spark that drives the development of new products or services or ways to do business. It is the
push for innovation and improvement.
2. is the extremely strong desire to achieve success. It includes persistence and the ability to bounce back
after rough times.

3. is the ability to move quickly in response to changing market needs. It is being true to a dream while also
being mindful of market realities.
4. is what gets entrepreneurs started and keeps them there.
5. is the ability to create rules and to set goals.
6. comes from thorough planning, which reduces uncertainty and the level of risk.
II. Identify the common traits that entrepreneurs should always have.

1. Entrepreneurs are reactive rather than passive. They address a. Networkers

issues, problems, and challenges before they come rather than
when they already happened.

2. Entrepreneurs are innovation champions. They see b. Decisive

opportunities in hopeless and complex situations.
3. Entrepreneurs will not be successful if they do not take risks. c. Balanced
4. Entrepreneurs have a talent for recognizing an opportunity d. Innovative
even by using the macrolevel data only.
5. . Soft skills are one of the most important competencies of e. Sociable
entrepreneurs as these establish the relationship with the most
important assets of the company──its people and its
customers.
6. Entrepreneurs alwa ys have a decision about their business. f. Have a sharp eye
They do not settle for gray areas or unclear solutions. for opportunities
7. . A networker knows the key people to connect with. g. Risk takers
Networking can be a very intimidating task, for it takes a lot of
guts to pull it off.
8. The minds of entrepreneurs are rich with big ideas that can h. Agents of changed
add value to their existing business or could become a game
changer in the industry or business where they belong.
9. The minds of entrepreneurs should have a balance between i. Proactive
the analytical and the creative side.

III. Answer the questions briefly. (5 points each)

1. Entrepreneurship education is important because?
2. What do entrepreneurship teach us?
3. What is entrepreneurship?
4. What are the core competencies in entrepreneurship?
5. What are the possible careers we can choose when we will indulge ourselves into entrepreneurship?