1. It is considered as a major priority in the entrepreneurs life.

a. WILLING TO LISTEN
b. SET YOUR OWN STANDARD
c. COMMITTED
d. FLEXIBLE
2. What PEC’s must an entrepreneur if he/she is interested in money
generation?
a. PROFIT-ORIENTED
b. FUTURE-ORIENTED
c. GOAL-ORIENTED
d. All of the above
3. Dianne is very flexible and open-minded, she obtain useful feedback and
advice from others. What PEC’s did she demonstrated?
a. Sensitive
b. Reliable
c. Decision-maker
d. Responds to Feedback
4. What does “PECs” stands for?
a. PERSONAL ENTREPRENEURIAL CHARACTERISTICS
b. PERSONAL ENTREPRENEURIAL COMPETENCIES
c. PERSONAL ESTIMATED COMMUNITY
d. PERSONAL ELECTRONIC COMPUTER
5. It is the ability to set a long-term goal needed for the preparation and
production of the business.
a. Trustworthy
b. COMMITTED
c. GOAL-ORIENTED
d. All of the above
6. Which of the following PECs should an entrepreneur possess in order to
be patient., strong-willed and follow his/her own belief despite of any
rejection?
a. COMMITTED
b. HARDWORKING
c. RISK-TAKER
d. PERSISTENT
7. Mario works diligently and industriously, he spends so much time and
effort to run a successful business. What PEC’s has been demonstrated
by Mario?
a. HARDWORKING
 b. FLEXIBLE
c. COMMITTED
d. STRONG-MINDED
8. It is the ability in which an entrepreneur set his/her realistic targets to
have an advanced preparation for his/her business.
a. GOAL ORIENTED
b. COPES WITH FAILURE
c. TAKE THE INITIATIVE
d. BUILDS ON STRENGTH
9. What PEC’s must be apply in order to handle unusual events that may
happen in business?
a. COPES WITH UNCERTAINTY
b. TAKE THE INITIATIVE
c. SET OWN STANDARD
d. RESPONDS TO FEEDBACK
10. It is the ability to be trustworthy, honest and being fair.
a. RISK-TAKER
b. PERSEVERING
c. RELIABLE AND HAS INTEGRITY
d. FLEXIBLE
11. Rolly learns to work all by himself without the help of
others. What PECs has been demonstrated by Rolly?
a. HARDWORKING
b. INDEPENDENT
c. RESOURCEFUL
d. RISK-TAKER
12. It is a trait in which an individual can easily adopt to any
situations.
a. FLEXIBLE
b. DECISIVE
c. CREATIVE
d. SENSITIVE
13. What PECs must be apply if there are problems in the
demand and production of the goods and services?
a. COMMITTED
b. HARDWORKING
c. SELF-CONFEDENCE
d. COPES WITH UNCERTAINTY
14. Which of the ff. Statements is correct?
 a. An entrepreneur exerts time and effort
b. An entrepreneur is concern of his/her income
c. An entrepreneur is forward looking
d. All the above
15. Which of the ff. PECs where people base their works on
strengths?
a. RISK-TAKER
b. RELIABLE
c. BUILDS STRENGTHS
d. OBSERVANT
16. It is the ability of an entrepreneur to build a good
reputation and courage to do the right thing.
a. RELIABLE AND HAS INTEGRITY
b. COMPETENT
c. DECISIVE
d. EFFICIENT
17. Which of the ff. is the important trait of an entrepreneur?
a. EFFICIENT
b. CREATIVE
c. INDEPENDENT
d. ALL OF THE ABOVE
18. It is the way in how to deal with failures and use these into
productive learning experiences.
a. COPES WITH FAILURE
b. HARDWORKING
c. PERSISTENT
d. NONE OF THE ABOVE
19. Nelly takes her time to listen to the advice, suggestions and
recommendations of her friends. What PECs did she demonstrated?
a. PERSISTENT
b. TAKE THE INITIATIVE
c. WILLING TO LISTEN
d. ALL OF THE ABOVE
20. Which of the ff. is an example of our basic needs?
a. Laptop
b. Cellphone
c. Food
d. None of the above
21. The ff. are example of wants of the individual except;
 a. EDUCATION
b. PERFUME
c. JEWELRY
d. ACCESORIES
22. Which of the ff. pair is incorrect?
a. Food-needs
b. Clothing-needs
c. Education-wants
d. Shoes-wants
23. Which of the given is classified as wants?
a. Luxurious cars
b. Shelter
c. Education
d. Food
24. It is the process of gathering, analyzing and dispensing
information for tactical or strategic purposes
a. Generating ideas
b. Entrepreneurship
c. Technology
d. Environmental scanning
25. Which of the ff. sets of decisions that you need in order to
responds to the needs and wants of people?
a. What to produce
b. How to produce
c. How to share/sell out the product to the market
d. All of the above
26. Which of the ff. statements is correct?
a. Needs are desires of individuals
b. Wants are needed for survival
c. Wants signify wealth and expensive way of living
d. None of the above

27. In order to generate ideas for business, Mr. Tan should

consider?
a. Examine the existing goods and services
b. Examine only the present needs
c. Examine the wants of the individual not their needs
 d. All of the above
28. What would you do to become a successful entrepreneur?
a. Identifying the opportunities around you
b. Developing character and personality and how to respond to
some business challenges and opportunities
c. Thinking what do people need
d. Using products for specific purpose
29. It is the ability in putting yourself in a position where you
are responsible for the failure or success of your business.
a. TAKE INITIATIVE
b. COMMITTED
c. FLEXIBLE
d. COMPETENT
30. The ff. are guides on how to strengthen your own PECs
except;
a. BEING PASSIVE AND TOO AGGRESSIVE
b. ACQUIRE SPECIFIC SKILLS
c. BE RESPONSIBLE
d. DEMONSTRATE POSSITIVE ATTITUDE

31. These are essential to every individual so he/she may be

able to live with dignity and pride.
a. Basic needs
b. Wants
c. Desire
d. Recreation
32. It is the desires, luxury and extravagance that signify
wealth and an expensive way of living.
a. Basic needs
b. Wants
c. Services
d. Recreation

33. _________________ in a business are important things that

every individual cannot do without in a society.
a. Needs
b. Health
c. Wants
d. All of the above
34. What are the two basic indicators in doing a business?
a. Education and relaxation
b. Needs and wants
c. Health and shelter
d. All of the above
35. __________________ are ways in improving or enhancing the
product.
a. Services
b. Wants
c. Desires
d. Innovation
36. __________________ are ways in introducing an entirely new
product to replace the old one.
a. Invention
b. Innovation
c. Desires
d. Wants