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Entrepreneurship

(THIRD QTR. EXAM)


Mr. Romeo R. Rabino Jr.
Test I: Multiple Choice
1. The activity of setting up a business or businesses,
taking on financial risks in the hope of profit.
A. Business
B. Entrepreneur
C. Entrepreneurship
D. Company
2. The wealth and resources of a country or region, especially
in terms of the production and consumption of goods and
services.

A. Economy
B. Economics
C. Economic Status
D. Economic Growth
3. A financial gain, especially the difference between the amount
earned and the amount spent in buying, operating, or producing
something

A. Tax
B. Income
C. Profit
D. Investment
4. The link between the businesses and the economy.

A. Tax
B. Income
C. Profit
D. Investment
5. The word “Entreprede” comes from the ________ word
which means “to undertake”.

A. Latin
B. Greek
C. French
D. Hebrew
6. The barriers or hindrances to be consider when starting up
a business.

A. Sources
B. Risk
C. Mishaps
D. External Factors
7. Behavior rather than personality traits. Its foundation lies in
concept and theory rather than in intuition.

A. Kuratko
B. Drucker
C. Schumpeter
D. Shane
8. Evaluation and exploitation of opportunities to introduce new
goods and services through organizing efforts that previously
had not existed.

A. Kuratko
B. Drucker
C. Schumpeter
D. Shane
9. Dynamic process of vision, change and creation that
requires an application of energy and passion.

A. Kuratko
B. Drucker
C. Schumpeter
D. Shane
10. Carrying out of new combinations of firm organization, and
all the new possibilities to come ups with a new business idea.

A. Kuratko
B. Drucker
C. Schumpeter
D. Shane
FOR 5 MINUTES…
Test II: Matching Type (2pts each)
1. Innovation a) Being brave to face
2. Opportunity seeking uncertainties
and exploitation b) Utilization of capital
3. Resource mobilizing c) Finding one of a kind
4. Encountering risks and event
uncertainties d) Creating something new
5. Economic and personal e) Paying taxes and
rewards having self fulfillment
Test III: Enumeration
I. Factors to consider when setting up a
Business. (1-6)
II. Key parts of a Business Plan. (7-10)
FOR 5 MINUTES…
Test IV. Essay
Explain the following in your own words using 3 sentences. (10
points)

• Entrepreneurial Mind Frame


• Entrepreneurial Heart Flame
• Entrepreneurial Gut Game
FOR 10 MINUTES…

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