ENTREPRENEURIAL MIND 

                                                            PRELIM EXAM 
 

STUDENT ARAFAT M. MAUNDA BSE-ENGLISH

 

PART 1:  Choose the Letter most appropriate answer. 20 Points 

 
A.  Entrepreneur      B.  Systematic Planning and Monitoring       C.  Self-Confidence       D. 
Goal Setting    E.  Persuasion and Networking     F.  Opportunity Seeking       G.  Specific      H. 
Risk Taking    I.  Measurable    J.  Persistence    K.  Information Seeking    L.  Commitment to
Work     M.  Micro Enterprise     N.  Demand for Efficiency and Quality       O.  Set Target      P. 
Attainable       Q.  General Direction       R.  Realistic     S.  Investors     T.  Capitalization 
 

___Q___ 1.  Where the business will go           

___M.___ 2.  Business venture                             
___O.___ 3.  Actual performance                       
___P.___ 4.  Capital Below P3,000                     
__G.____5.  What you want to achieve            
___J.___ 6.  You can do it                                    
___R.___ 7.  True state                                         
__A.__ 8.  To undertake                                   
___C.___ 9.  Believes in himself                          
__E.____ 10.  Constant touch with others          
__B.____ 11.  Carefully develop                            
__K.____ 12.  Finding relevant facts                     
___S.___ 13.  One has to be keen                         
__N.____ 14.  Strive to do things better               
___H.___ 15.  Willing to venture                            
__D.____ 16.  Clear cut objective                          
__L.____ 17.  Accept full responsibility                
___T.___ 18.  Equity in business                            
____F.__ 19.  Does not give up                              
__I____ 20.  Quantifiable terms                          
 
PART 2:  Explain Briefly, 80 Points 

1.  What is an Entrepreneurship? 

An entrepreneur is someone who organizes, manages, and assumes the risks of a business or
enterprise. An entrepreneur is an agent of change. Entrepreneurship is the process of
discovering new ways of combining resources. When the market value generated by this new
combination of resources is greater than the market value these resources can generate
elsewhere individually or in some other combination, the entrepreneur makes a profit.

2. Who is an Entrepreneur? 

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying
most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas,
goods, services, and business/or procedures. 
 

3. What is a Business Plan 

A business plan is also a road map that provides directions so a business can plan its future
and helps it avoid bumps in the road. The time you spend making my business plan thorough
and accurate, and keeping it up-to-date, is an investment that pays big dividends in the long
term

 
4. What is a Business Plan  

Is a detailed account of what course of business to undertake complete with objectives and
goals; product description and target clients; sales, production and net income
projections/targets; cost and expense estimate; marketing and promotional efforts; and
investments capital requirements. 
 
5. What a plan should be. 

A plan should be: S M A R T 

Specific as to what it is the entrepreneur wants to achieve 
Measurable in quantifiable terms 
Attainable given the entrepreneur’s abilities and resources 
Realistic enough to aim foretime bound to span fixed period