GENEL 2(PRELIM 1 quiz)
  • 1. Which trait best represents an entrepreneur?
A) Fear of failure
B) Courage and perseverance
C) Laziness
D) Dependence on others
  • 2. Why is mindset important in entrepreneurship?
A) It replaces business planning
B) It guarantees success
C) It affects how entrepreneurs view challenges and opportunities
D) It determines government policies
  • 3. Which situation shows a negative entrepreneur's ego?
A) Accepting failure
B) Being open to feedback
C) Practicing teamwork
D) Having unrealistic optimism
  • 4. Which is an example of a financial risk faced by an entrepreneur?
A) Saving money
B) Taking a vacation
C) Using personal money for business expenses
D) Getting promoted
  • 5. Which of the following is part of the criteria of mindset?
A) Expectations and attitudes
B) Office location
C) Salary and income
D) Job title
  • 6. "What is a mindset?"
A) A person's financial status
B) set of belief
C) A job position
D) A type of business strategy
  • 7. What does the phrase "Don't wait for opportunity. Create it!" mean?
A) Entrepreneurs take initiative instead of waiting for chances
B) Business success is accidental
C) Opportunities only come from others
D) Entrepreneurs wait for luck
  • 8. Always, always aware with situation. Be alert. You can pray to
    God, have somebody you can trust and "keep moving forward"
A) Risk of social life
B) Psychological risk
C) Career risk
D) Financial risk
  • 9. Who is an entrepreneur?
A) A government employee
B) A person who only follow instructions
C) A person who moves forward with courage, persistence, and hard work
D) A person who avoids risks
  • 10. Who is a social entrepreneur?
A) A government official
B) A person who avoids profit
C) A business owner who uses business for a good cause
D) A company employee
  • 11. Becoming a thought leader or innovator in your field.
A) Wealth Creation
B) Equity & Business Valuation
C) Industry Influence
D) Passive Income
  • 12. Entrepreneurs who build successful businesses can generate significant personal wealth.
A) Industry Influence
B) Wealth Creation
C) Equity & Business Valuation
D) Passive Income
  • 13. This phase is critical as it determines whether the business can scale successfully or stagnate.
A) early growth stage
B) startup stage
C) Mature stage
D) pre-startup stage
  • 14. Once a business becomes self-sustaining, it can generate income with minimal direct involvement.
A) Industry Influence
B) Wealth Creation
C) Equity & Business Valuation
D) Passive Income
  • 15. cannot remain as such forever. The entrepreneur must develop it into a small business or market it grow into a mature and bigger company if he is to recoup the cost of opening a new venture and take advantage of the opportunities presented by a mature business
A) pre-startup stage
B) new venture
C) mature stage
D) early growth stage
  • 16. Entrepreneurship involves starting and managing a business, taking risks to create value, while innovation refers to developing new ideas, products, services, or processes that solve problems in unique ways. Entrepreneurs often rely on innovation to differentiate their businesses, meet market
    needs, and stay competitive.
A) ENTREPRENEURSHIP AND INNOVATION
B) Entrepreneurship
C) INNOVATION
D) New Venture
  • 17. refers to the economic activity of a person who starts, manages and assume the risk of a business enterprise.
A) Entrepreneurshipment
B) Intrepreneurships
C) Entrepreneurship
D) Intrepreneurship
  • 18. is when the business officially launches and begins to operate. It's an exciting and challenging phase, where the focus shifts from planning and validation to execution and early growth.
A) mature stage
B) early growth stage
C) startup stage
D) Pre-startup stage
  • 19. is the earliest phase of launching a new venture, where an entrepreneur develops the foundation for their business idea before officially starting operations.
A) Startup stage
B) Early growth stage
C) pre-startup stage
D) mature stage
  • 20. As it determines whether business is stable
A) pre-startup stage
B) early growth stage
C) mature stage
D) startup stage
  • 21. Being too comfortable with the status quo and avoiding challenges can limit opportunities for growth and innovation.
A) Lack of Self-Confidence
B) Lack of Vision and Goals
C) Avoiding risks
D) Staying in the Comfort Zone
  • 22. is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings.
A) INTREPRENEUR
B) ENTREPRENEURIAL MINDSET
C) INTREPRENEURIAL MINDSET
D) ENTREPRENEUR MINDSET
  • 23. _______at all costs can lead to missed opportunities for growth and innovation.
A) Lack of Vision and Goals
B) Negative Thinking
C) Avoiding risks
D) Lack of Self-Confidence
  • 24. Entrepreneurs who fail to set priorities and manage time effectively struggle to meet deadlines and grow their businesses.
A) Avoiding risks
B) Lack of Vision and Goals
C) Lack of Self-Confidence
D) Poor Time Management
  • 25. Entrepreneurs with a fixed mindset believe that their skills and intelligence are limited and cannot be improved. This prevents them from learning and growing.
A) Avoiding risks
B) Fixed Mindset
  • 26. Constant self-doubt, fear, and negativity can drain an entrepreneur's motivation and ability to see opportunities.
A) Lack of Self-Confidence
B) Avoiding risks
C) Lack of Vision and Goals
D) Negative Thinking
  • 27. Entrepreneurs need a clear purpose and direction. Without specific goals, they may lose motivation and focus.
A) Avoiding Risks
B) Lack of Self-Confidence
C) Lack of Vision and Goals
  • 28. Doubting one's abilities can make an entrepreneur hesitate in decision-making, which can lead to missed opportunities.
A) Avoiding Risks
B) Lack of Vision and Goals
C) Lack of Self-Confidence
  • 29. Being afraid to take risks or make mistakes can prevent entrepreneurs from taking action. Failure is a learning opportunity
A) Avoiding Risks
B) Lack of Vision and Goals
C) Fear of failure
D) Lack of Self-Confidence
  • 30. HOW MAYN KEY ASPECT OF ENTREPRENEURIAL MINDSET
A) 3
B) 2
C) 5
D) 4
  • 31. What impact does a fixed mindset have on an entrepreneur?
A) Limits their potential for skill development
B) Encourages them to learn and grow
C) Helps them overcome challenges
D) Motivates them to take calculated risks
  • 32. A group who help without asking any money in return.
A) Cooperative
B) Franchise
C) Non-profit Organizations
  • 33. What distinguishes a corporation from other business structures?
A) It is owned by a single individual
B) It provides limited liability protection to its owners.
C) It operates without any legal identity.
D) It cannot enter contracts or own assets.
  • 34. What is an example of negative thinking that hinders entrepreneurial success?
A) Seeing challenges as opportunities for growth
B) Believing the market is saturated
C) Taking calculated risks to enter new markets
D) Constantly adapting to new market trends
  • 35. What is a consequence of poor time management for an entrepreneur?
A) Struggling to meet deadlines
B) Gaining more customers
C) Increased profitability
D) A better work-life balance
  • 36. Which of the following is true about a sole proprietorship?
A) It is owned by two or more people
B) It is owned and operated by one person.
C) It allows for easy transfer of ownership
D) It provides limited liability protection
  • 37. Which of these business structures provides the most personal liability protection?
A) Sole proprietorship
B) Micro enterprise
C) Corporation
D) Partnership
  • 38. Which of the following is a "killer" of the entrepreneurial mindset?
A) Fear of failure
B) Embracing risk
C) Openness to learning
D) High self-confidence
  • 39. Employees: 100 to 199 workers
A) Medium Enterprises
B) Micro Enterprises
C) Small Enterprises
D) Large Enterprises
  • 40. Assets: 3,000,001 to 15,000,000
A) Micro Enterprises
B) Large Enterprises
C) Small Enterprises
D) Medium Enterprises
  • 41. Nationwide supermarket chains, telecommunication companies, multinational corporations
A) Medium Enterprises
B) Micro Enterprises
C) Small Enterprises
D) Large Enterprises
  • 42. Which factor could help an entrepreneur overcome the "staying in the comfort zone" mindset
A) Sticking only to known products and services
B) Ignoring competitors in the market
C) Avoiding all challenges
D) Constantly adapting to new opportunities and growth
  • 43. Examples: Sari-sari stores, local market vendors, home-based bakers
A) Medium Enterprises
B) Micro Enterprises
C) Large Enterprises
D) Small Enterprises
  • 44. What is an essential characteristic for entrepreneurial success?
A) A clear purpose and direction
B) Avoiding all risks
C) Lack of vision and goals
D) Focusing only on immediate profits
  • 45. In a partnership, how are profits, losses, and responsibilities shared?
A) Based on each partner's investment
B) Equally among all partners
C) All partners are responsible for every aspect of the business
D) Shared according to the terms of the partnership agreement
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