QUIZ BEE

IN ENTREPRENUERSHIP

Lessons 1-4
GENERAL GUIDELINES
QUIZ BEE is divided into three (3)
rounds namely EASY, AVERAGE and
DIFFICULT.
QUIZ BEE will serve as a group output
and a review in preparation for the
PRELIM Exam.
In case of tie, there will be a CLINCHER
Round.
2
GENERAL GUIDELINES
QUESTIONS will be repeated once.
Each question should be answered
within 5-10 seconds.
Scoring will be: (EASY= 2, AVERAGE = 5,
DIFFICULT = 10)
And lastly, CHEATING/COACHING is
highly discouraged.
BREAK A LEG GUYS! YOU CAN DO IT! =)
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EASY ROUND (15 Questions)

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1. Entrepreneur is derived from the
_____
A) Greek word
B) Indian verb
C) French word
D) French verb

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2. Entrepreneur was derived from the
“French verb” called ______.

A) entrep
B) enterpredre
C) entrepredre
D) entrepre

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3. Entrepreneurs are the one who _____ the risk
of new enterprise.

A) take under
B) undercover
C) undertake
D) undertaker

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4. It means the wealth and resources of
a country or region.
A) treasure
B) people
C) products/services
D) economy

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5. It is created by an entrepreneur
called ____.

A) product/services
B) enterprise
C) business
D) None of the above

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6. The essence of entrepreneurship is the
willingness to assume_____ rising from the
creation and implementation of new ideas.

A) willingness
B) risk
C) profit
D. increase

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7. They are the ones who go to their client
site, identify problems and fix them.

A) Fixers
B) Business consultant
C) Business critiques
D) Business investors

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8. Entrepreneurship involves a continuous search for
new ideas to make it the best for their customers.

A. desires
B) innovation
C) inventors
D) innovators

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9. It is a process of actions of an which is always in
search of something new to exploit new ideas into gainful
opportunities by accepting the risk and uncertainty of
the enterprise.

A. Entrepreneurship
B. Enterpreneurship
C. Entreprenuership
D. Entreperneurship

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10. The level of return or compensation
to the entrepreneur for taking on the
risk of developing an idea into an actual
business venture.
A) cash
B) income
C) profit
D) SANA ALL

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11. An entrepreneur created a business plan
that is focus on how they could get a
profitable business and this includes:
projected sales and loss statement. What type
of business plan did he use?
A) Business Plan for Non-
Profit
B)Business Plan for Project
C) Business Plan for Profit
D) Business Plan for Finance
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12. A written document that describes all the steps
necessary in opening and operating a successful
business.

A) Blueprint
B) Planning
C) Business Plan
D) Guide Book

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13. An entrepreneur created a plan that has the strategy on how they
could get and retain their customers. What type of plan did he use?

A) Business Plan for Profit

B) Marketing Plan
C) Business Plan for Non-Profit
D) Project Plan

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14. A formal document designed to guide
the control and execution of a project.

A) Business Plan for Profit

B) Marketing Plan
C) Business Plan for Non-Profit
D) Project Plan

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15. The Research department is currently making a plan
for their day to day task to support the organization to
achieve its goals. What type of plan are they using?

A) Business Plan for Profit

B) Project Plan
C) Operation Plan
D) Marketing Plan

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AVERAGE ROUND
(10 Questions)
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1. TRUE OR FALSE: In studying Entrepreneurship, it
could develop your mental capabilities.

FALSE
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2. (IDENTIFICATION) The process by which companies
create value for customers and build strong customer
relationships in order to capture value from customers in
return

MARKETING

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3. TRUE OR FALSE. In making
business plan, it provides you a
financial comments about that shows
how your business will succeed
earning a profit.

FALSE
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4. The process of moving products from
the producer to the intended user.

A)Product
B) Price
C) Place
D) Promotion
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5.A company that is in the same
industry which offers a similar
product or service.
A) Investors
B) Competitors
C) Partners
D) Distributions

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6. IDENTIFICATION. This pricing
strategy is more of a product
driven.
COST- BASED
PRICING

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7. It is basically a business plan that
presents information regarding
the market in which you are operating in.
A) Marketing Analysis
B) Marketing Strategy
C) Marketing Plan
D) None of the above

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8. ) IDENTIFICATION. The covering
or container for a product

PACKAGING

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9. Individuals who manage the work
of non-managerial employees.
A) Top Management
B) Middle Management
C) Low- level Management
D) All of the above

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10. IDENTIFICATION. This pricing strategy
is customer driven.

VALUE-BASED

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DIFFICULT ROUND (10 Questions)
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1. Enumerate the Relevance of
Entrepreneurship. (in correct order)

•DEVELOPMENT OF
MANAGERIAL CAPABILITIES
•CREATION OF ORGANIZATION
•IMPROVING STANDARD OF
LIVING

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2. (IDENTIFICATION) It involves
distributing your product by the use
of an intermediary.

INDIRECT
DISTRIBUTION

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3. (ENUMERATION) The
elements/ types of intermediaries.

•Wholesaler
•Retailers

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4. Enumerate the Contents of Business
Plan. (IN CORRECT ORDER)
•Executive Summary
•Business Description
•Marketing
•Operation
•Management
•Financial
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5. (IDENTIFICATION) This refers to any type
of marketing communication used to inform or
persuade target audiences of the relative merits of a
product, service, brand or issue

PROMOTION

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THANK YOU!

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