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Entrep Prelim Exam

This document contains a preliminary examination on entrepreneurship with multiple choice and true or false questions. The questions cover topics such as the definition of entrepreneurship, the history and development of entrepreneurship theories, characteristics of successful entrepreneurs, and key elements of entrepreneurship like innovation, risk-taking, vision, and organizing. The exam also includes essay questions asking students to explain why entrepreneurship is studied, if they want to be an entrepreneur, and why understanding what you offer clients is important for entrepreneurial success.

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Irish Jane Tabelisma
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71 views2 pages

Entrep Prelim Exam

This document contains a preliminary examination on entrepreneurship with multiple choice and true or false questions. The questions cover topics such as the definition of entrepreneurship, the history and development of entrepreneurship theories, characteristics of successful entrepreneurs, and key elements of entrepreneurship like innovation, risk-taking, vision, and organizing. The exam also includes essay questions asking students to explain why entrepreneurship is studied, if they want to be an entrepreneur, and why understanding what you offer clients is important for entrepreneurial success.

Uploaded by

Irish Jane Tabelisma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Zamora Memorial College

College Department
Bacacay, Albay

Prelim Examination
Entrepreneurship
BTLED II

Name: _____________________________________________ Date: __________

I. True or False. Read the sentence carefully. Write the word TRUE of the statement is correct, and FALSE if the
statement is wrong.
1. During the ancient period the word entrepreneurship was used to refer to a person managing large
commercial projects.
2. Passionate is one of the most important traits of entrepreneur.
3. Understanding calculated risks that are more likely to pat off is a important part of being an
entrepreneur.
4. Many entrepreneur must take numerous step to develop the right combination of skills, traits and
knowledge to be successful with their efforts.
5. In the 18th century, the first theory of entrepreneur has been developed by Richard Wayne.
6. In the 17th century the entrepreneur organizes and operate an enterprise for personal gain.
7. The entrepreneurial vision is defined by discovery and taking risk and an indispensable part of a nations
capacity to succeed in an everchanging and more competitive global market place.
8. In the 17th century a person who has signed a contractual agreement with the government to provide
stipulated products or to perform services was considered as capitalist.
9. When you want to succeed, you need to push yourself.
10. If you find yourself losing your flexibility, that might be the clue that its time to move on.

II. Selection Type. Select the best answer and write the letter only.
1. It is easy to give up when getting tough, but the most successful entrepreneurs persist because of their
______ nature.
a. Confidence
b. Creativity
c. Ambition
d. Willingness to learn
2. The ability and readiness to develop, organize and run a business enterprise along with any of its
uncertainties in order to make a profit is ______.
a. Enterprise
b. Entrepreneur
c. Entrepreneurship
d. Capitalist
3. In economics, entrepreneurship is connected with land, labour, natural resources and capital can
generate a ______.
a. Profit
b. Service
c. Market
d. Profession
4. The following are the elements of entrepreneur, which of these creates a new business or new ways of
doing something.
a. Vision
b. Innovation
c. Risk bearing
d. Organizing
5. In what century did the nation of an entrepreneur as an investor was establish?
a. Late 18th century
b. Early 17th century
c. Late 19th and early 20th century
d. Middle of 20th and 21st century
6. The following are characteristics of a successful entrepreneur EXCEPT:
a. Flexibility
b. Take risk
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Zamora Memorial College, Inc. Bringing possibilities…
c. Know how to network
d. Creativity
7. The following are areas of innovation EXCEPT:
a. New Production Techniques
b. Improvement in per capita income
c. New operating practices
d. New ways of managing relationships between organizations
8. The following essential skills required to succeed are entrepreneur in which listening is important for
effective communication.
a. Assertiveness and confidence
b. Willingness to learn
c. Perseverance
d. Courage and risk taking
9. Which of the key elements of entrepreneur which identifies in emerging opportunities?
a. Innovation
b. Risk bearing
c. Vision
d. Organizing
10. Which of the key elements of entrepreneur which collects and coordinates of the necessary resources?
a. Organizing
b. Innovation
c. Risk bearing
d. Vision

III. Essay. Explain in your own understanding.


1. Why do we have to study entrepreneurship?
2. Do you want to be an entrepreneur someday? Why?
3. Understand what you offer is one of the characteristics of a successful entrepreneur. Why is it necessary
to understand what you offer to your clients?

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Zamora Memorial College, Inc. Bringing possibilities…

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