ENTREPRENEURSHIP – HBN121 - Quiz 2 (Unit 2)

WRITE COMPLETE ANSWER. WRONG SPELLING IS WRONG. NO CHEATING.

I. IDENTIFICATION: Identify the character traits described and write your answer on the space provided.(5 pts)
____________1. It is accepting full responsibility for what has been promised.
____________2. It is to incur the lowest minimal cost in the production of goods and services without sacrificing
the quality.
____________3. It is the manifestation of the entrepreneur’s strong trust or belief in himself or herself.
____________4.It is the ability to identify with great ease the most appropriate entrepreneurial opportunities.
____________5. It is the foundation of commitment.
II. Modified TRUE or FALSE: Write TRUE if the statement is correct but if it’s FALSE, change the underlined
word/s to make the whole statement true. (10 pts)
_____________6. Interpersonal skills relate to the knowledge and proficiency in a specialized field.
_____________7. Skills come from the totality of knowledge, practice and aptitude.
_____________8. Entrepreneurial abilities refers to the cognitive, technical and interpersonal required in the
practice of entrepreneurship.
_____________9. The first step in the scientific approach solving of business problems is gathering information.
_____________10. Entrepreneurial competitive advantage is the combination of entrepreneurial concepts and
principles, entrepreneurial character traits and entrepreneurial skills.
III. ESSAY(10 pts)
A. Differentiate GOALS and OBJECTIVES (2 pts)
B. Discuss the meaning of COMPETITIVE ADVANTAGE in 2-3 sentences. (2 pts)
C. University of the east set a goal for the Senior High School unit and that is to increase the number of students
who will enrol in the Academic year 2019-2020. Cite two (2) objectives to achieve this goal guided by the SMART
Principle. (6 pts)

ENTREPRENEURSHIP – HBN121 - Quiz 2 (Unit 2)

WRITE COMPLETE ANSWER. WRONG SPELLING IS WRONG. NO CHEATING.

I. IDENTIFICATION: Identify the character traits described and write your answer on the space provided.(5 pts)
____________1. It is accepting full responsibility for what has been promised.
____________2. It is to incur the lowest minimal cost in the production of goods and services without sacrificing
the quality.
____________3. It is the manifestation of the entrepreneur’s strong trust or belief in himself or herself.
____________4.It is the ability to identify with great ease the most appropriate entrepreneurial opportunities.
____________5. It is the foundation of commitment.
II. Modified TRUE or FALSE: Write TRUE if the statement is correct but if it’s FALSE, change the underlined
word/s to make the whole statement true. (10 pts)
_____________6. Interpersonal skills relate to the knowledge and proficiency in a specialized field.
_____________7. Skills come from the totality of knowledge, practice and aptitude.
_____________8. Entrepreneurial abilities refers to the cognitive, technical and interpersonal required in the
practice of entrepreneurship.
_____________9. The first step in the scientific approach solving of business problems is gathering information.
_____________10. Entrepreneurial competitive advantage is the combination of entrepreneurial concepts and
principles, entrepreneurial character traits and entrepreneurial skills.
III. ESSAY(10 pts)
A. Differentiate GOALS and OBJECTIVES (2 pts)
B. Discuss the meaning of COMPETITIVE ADVANTAGE in 2-3 sentences. (2 pts)
C. University of the east set a goal for the Senior High School unit and that is to increase the number of
students who will enrol in the Academic year 2019-2020. Cite two (2) objectives to achieve this goal
guided by the SMART Principle. (6 pts)