1. Is any undertaking of adding value through time and effort.

A. Value
B. Norms
C. Entrepreneurship
D. Price

GROUP 4
2. A community without water supply tends to experience minor development but
due to curiosity of one entrepreneur, he or she undertakes the task of taking risk
and build a sophisticated water pump machine which enables the water to reach
far flung community and further increase the availability of water, lifting people out
of from scarce water scenario. In this scenario, what entrepreneurship is being
created?
Note: The real answer here the Social Change even though we consider the
A. Community Development Community Development correct during the quiz. An entrepreneur that creates a
social change refers to those people who does a business that helps solve a problem.
B. Government Policies Community Development on the other hand, refers to how an entrepreneur helps the
society for free like donations for charities or giving scholarships to poor students.
C. Social Change
Social Change - gets money by doing business that solves the community’s problem
D. None of the above Community Development - giving money to help the people or the community

GROUP 4
3. What is the French word that mean “to undertake”?

A. Entrepreneurship
B. Entrepreneur
C. Entreprendre
D. None of the above

GROUP 4
4. These dreams and aspirations give fuel to their life.

A. Entrepreneurs are the boss.

B. Entrepreneurship is all about money.
C. Entrepreneurs do not quit!
D. Entrepreneurship is fun!

GROUP 4
5. Who is the French economist that give the term entrepreneurship.

A. Richard Cantillon
B. Marco Polo
C. Andrew Carnegie
D. Edward Harriman

GROUP 4
6. It plays an important role in the economic development of a country by allowing
new ideas and perspectives to foster.

A. Intrapreneurship
B. Entrepreneurship
C. Development
D. Competition

GROUP 4
7. How does entrepreneurship contribute to the country’s national income?

A. Innovation
B. Competition
C. Business
D. Community

GROUP 4
8. This describes that an entrepreneur should be in the frontline, seeking every
possible opportunity.

A. An Entrepreneur is a Starter
B. An Entrepreneur is a Driver
C. An Entrepreneur is Accountable Responsible
D. An entrepreneur knows everything

GROUP 7
9. This describe that an entrepreneur should consider every possible outcome of
their actions.

A. An Entrepreneur is a Starter
B. An Entrepreneur is a Driver
C. An Entrepreneur is Accountable Responsible
D. An entrepreneur knows everything

GROUP 7
10. This describe that an entrepreneur is the one that has the control where the
company's fate goes.

A. An Entrepreneur is a Starter
B. An Entrepreneur is a Driver
C. An Entrepreneur is Accountable Responsible
D. An entrepreneur knows everything

GROUP 7
11. Before entrepreneurs create an action, he or she thinks of any available
“smart guesses” or hypothesis. In this way, they can gather special market
intelligence which can be used for attaining they established objectives.
Entrepreneurs tend to create their own theories and make it into action once
opportunity enters the field.

A. Entrepreneurs think by actions

B. Entrepreneurs think in possibilities
C. Entrepreneurs can think in ambiguity

GROUP 7
12. Entrepreneurs does not ensure perfection before doing any action. To them,
perfection is an enemy of progress. A simple but calculated possibility can make
them jump out of their set and begin their move. As long as the much needed and
important resources are intact, with no hesitations, entrepreneurs will deploy
himself or herself into a whirlwind drive to success.

A. Entrepreneurial thinking embraces risks

B. Entrepreneurs think in possibilities
C. Entrepreneurs think in patterns

GROUP 7
13. People tend to avoid risks as they perceived it as negative thing for their
survival. It is not the same or totally applicable for entrepreneurs, risks can make
entrepreneurs more passionate and curious. Entrepreneurs perceive risk as an
are of opportunity.

A. Entrepreneurial thinking embraces risks

B. Entrepreneurs can think in ambiguity
C. Entrepreneurs think internally

GROUP 7
14. Rather thank letting the external environment controls them, entrepreneur
utilizes their maximum internal capability to direct their future actions, to work for
their achievements and even use it to plan with an eye for any available long-
term opportunity. Entrepreneurs do not let other people control their feelings or
influence their decisions. They only utilize external information to weigh in and
calculate risks of their actions.

A. Entrepreneurs think of value-add

B. Entrepreneurs think incessantly
C. Entrepreneurs think internally

GROUP 7
15. Entering into the field of entrepreneurship without setting concrete and
sustainable goals lead you to?

A. Success
B. Catastrophe
C. None of the above

GROUP 7
16. Who are the two person that shared some of their views about how to
become an entrepreneurship?

A. Mark Zuckerberg and John Rockefelles

B. Henry Ford and Sam Walton
C. McConnel and Cremades

GROUP 7
17. This is meant to address the gap between products supplied and demanded
by the players at market.

A. Launch
B. The Idea
C. The Opportunity
D. Culture

GROUP 1
18. The resources are fit, able to produce the expected outputs, knowledgeable
and experienced in terms of what they are doing.

A. Building Competent Human Resource

B. Conducting Market Research
C. Analyze and Verify Market Research Results
D. Finance

GROUP 1
19. Jasmine did a survey and discovers that the number of people in the
community who can afford to buy jewelry is not more than 10 people. She
immediately decided to think of a new idea for her startup business. What step of
the entrepreneurial mind process did Jasmine experience?

A. The Opportunity
B. Conducting Market Research
C. The Idea
D. Learning and Growing

GROUP 1
20. Zigfred attended one of Chris Do’s (The Futur’s CEO) Seminar. Where he
learned how Do started his own journey as a zero to 80M dollar creative agency.
This experience greatly encouraged him to continue his endeavor of creating his
own 7-figure web design business. What domain of the entrepreneurial
ecosystem is it?

A. Finance
B. Markets
C. Culture
D. Human Capital

GROUP 1
21. Who ruled the country at the time where the Philippines was known to be the
number one exporter of agriculture products throughout the world?

A. Pres. Ferdinand Marcos

B. Pres. Cory Aquino
C. Pres. Rodrigo Duterte
D. Pres. Mary Queen Lambang

GROUP 1
22. Quitting from something can make a person to become an entrepreneur.

True OR False

GROUP 4
23. Entrepreneurs does not listen to criticisms as these can lead to a more
productive decision.

True OR False

GROUP 4
24. Entrepreneurship is all about inventing something new.

True OR False

GROUP 4
25. FAMILY is one example of the battle that entrepreneurs had been facing?

True OR False

GROUP 7
26. The success of a domain does not affect the success of the other domains.

True OR False

GROUP 1
27. Finance is the most important domain of the entrepreneurship ecosystem.

True OR False

GROUP 1
28. There are five domains of entrepreneurial ecosystem.

True OR False

GROUP 1
29. The start of every entrepreneurial venture is to have an idea.

True OR False

GROUP 1
30. Analyze, verify market research results is deemed important as it tests
hypotheses and determines the possible size of your target customers.

True OR False

GROUP 1