- 1. Choosing, Initiating and sustaining relationship with customer
A) Grit
B) Sense making
C) Customer focus
D) Initiative
- 2. How many competencies of entrepreneur?
A) 6
B) 5
C) 4
D) 7
- 3. It is cash component that create the cycle of wealth, conversion and prosperity
A) Mentor
B) Model
C) Money
D) Method
- 4. Which of the following is a characteristic of successful entrepreneurs?
A) Persistence
B) Risk aversion
C) Reliance on luck
D) Entrepreneurship
- 5. Refers to a person who owns a business and is personally responsible for its debt
A) Cooperative
B) Corporation
C) Sole proprietorship
D) Partnership
- 6. It is the process of creating items, either manually or mechanically and selling them to a customer afterwards
A) None of these
B) Commerce
C) Service
D) Manufacturing
- 7. In SWOT analysis, opportunity refers to;
A) External factors that can negatively impact the business
B) External factors that can positively impact the business
C) Internal factors that can positively impact the business
D) Internal factors that can negatively impact the business
- 8. Rising costs of raw materials is an example of what in SWOT analysis
A) Threats
B) Opportunity
C) Weakness
D) Strength
- 9. Which section of the business proposal focuses on analyzing the target market, competitors and industry trends?
A) Financial projections
B) Competitive analysis
C) Marketing strategy
D) Company overview
- 10. Sari sari store is an example of what kind of business?
A) Manufacturing
B) Merchandising
C) Services
D) All of these
- 11. Entrepreneurship can be learned but it is not for everybody
A) Maybe
B) False
C) True
D) None of these
- 12. As a sole proprietor business owner, he/she is responsible for all debts
A) None of these
B) Dissolve business
C) Limited liability
D) Unlimited liability
- 13. He/she has capacity to think and reason
A) Creativity quotient
B) Intelligence quotient
C) Adversity quotient
D) Emotional quotient
- 14. How many kinds of business firm?
A) 3
B) 5
C) 2
D) 1
- 15. He/she is adviser who can add value to the entrepreneur by giving sound guidance to increase the competency
A) Method
B) Model
C) Money
D) Mentors
- 16. Entrepreneur must not only be reasonable but also have a high adversity quotient in order to stand up each time
A) Self leadership
B) Execution
C) Preparation
D) Marketing
- 17. Offering unique ways to solve defined problem
A) Critical thinking
B) Creativity
C) Collaboration
D) Communication
- 18. Susan was failed from her 1st business, but she never stop to put up another one again. Which of the following gate model does it belong?
A) Execution
B) Self leadership
C) Preparation
D) Marketing
- 19. Jack innovates a unique product which is never seen in market, which of the following gate model does it belong?
A) Preparation
B) Execution
C) Self leadership
D) Marketing
- 20. Which of the following is not an example of 4 gate models to prosperity?
A) Preparation
B) None of these
C) Execution
D) Self leadership
- 21. Partnership in which partners shares equally in both responsibility and liability, both have a right in management and decision making
A) Limited partnership
B) Industrial partnership
C) Equal partnership
D) General partnership
- 22. Which of the following is not an example of a company’s strength in a SWOT analysis?
A) Economic downturn
B) Lack of skilled workforce
C) Strong brand reputation
- 23. The entrepreneur needs to get things done for the business through other people and this requires reasonable emotional quotient.
A) None of these
B) Marketing gate
C) Preparation gate
D) Execution gate
- 24. What is a key characteristic of entrepreneurial mindset?
A) Fixed mondset
B) Risk taking
C) Maturation
D) Fear of failure
- 25. How many competencies of innovator?
A) 4
B) 5
C) 7
D) 6
- 26. It is a contract between two or more business partners that is used to establish the responsibilities
A) Article of corporation
B) All of these
C) Partnership agreement
D) Waiver
- 27. “Lack of global marketing experience”
A) Opportunity
B) Threats
C) Strength
D) Weakness
- 28. Which pf the following is Not a phase of the entrepreneurial process?
A) Ideation
B) Commercialization
C) Harvesting
D) Maturation
- 29. Who is the richest man in china?
A) Jet Li
B) Jackie Chan
C) Jack Ma
- 30. Competencies are the combination of
A) Knowledge and skills
B) Strength and weakness
C) Abilities and behavior
D) Rich and poor
- 31. Strength and weaknesses is considered as?
A) Internal factors
B) Marketing factors
C) External factors
D) Customer factors
- 32. What kind of business is fitness center?
A) None of these
B) Manufacturing
C) Commerce
D) Services
- 33. A large company or group of companies that controlled together as a single organization
A) Corporation
B) Sole proprietorship
C) Cooperative
- 34. What are/is the example of legal expense?
A) BIR permit
B) Business permit
C) Sanitary permit
D) All of these
- 35. Which section of business proposal typically provide an overview of the company and its background?
A) SWOT analysis
B) Financial projections
C) Company description
D) Market analysis
- 36. It is a kind of big picture plan to generate sales revenue, profit cash, and how to scale up
A) Mentor
B) Model
C) None of these
D) Money
- 37. What is the process of transforming an idea into a new product of service?
A) None of thae
B) Entrepreneurship
C) Marketing
D) Innovation
- 38. Sometimes call people skills or motivational level
A) Behavior
B) Abilities
C) Mind
D) Hobbies
- 39. Among the 4 clusters unique capacity needed entrepreneur, which of the following is the most importnat?
A) Creativity quotient
B) Intelligence quotient
C) Execution quotient
D) Self leadership
A) Fortune
B) Success
C) Wealth
D) all of these
- 41. Barra is a chef of a coffee shop, he is one pf the owners of that shop but he didnt share any capital in that shop. What type of partnership?
A) Limited partnership
B) Industrial partnership
C) General partnership
D) Secret partnership
- 42. What is the purpose of SWOT analysis in marketing strategy?
A) To determine the pricing strategies
B) To develop promotional campaigns
C) To identify target market segments
D) To evaluate internal and external factors
- 43. Threats in SWOT analysis is
A) Positive external factors that can benefit the business
B) Internal factors that can negatively impact the business
C) Negative external factors that can harm the business
- 44. Which quadrant of the SWOT matrix typically focuses on external factors that can benefit the businesses?
A) Weaknesses
B) Threats
C) Opportunities
D) Strength
- 45. Which kf the quadrant of the SWOT analysis matrix assets factors within the company that may hinder its performance?
A) Threats
B) Opportunities
C) Weakness
D) Strength
- 46. He/she has the capacity to innovate
A) Intelligence quotient
B) Emotional quotient
C) Adversity quotineng
D) Creativity quotient
- 47. Forming a mental image or new idea avout the future
A) Innovation
B) Creativity
C) Critical thinking
D) Collaboration
- 48. Increased competitors ads is an example of what
A) Strength
B) Opportunity
C) Weakness
D) Threats
- 49. Which agency should a type pf partnership be registered with?
A) DTI
B) DFA
C) SEC
D) BFAR
- 50. ____ is about having the grit to continue the business despite the obstacle
A) All of these
B) Moving forward
C) Mission
D) Mastery
- 51. ___is about the ability to carry out the plans through people,rewards and keadership
A) Management skills
B) All of these
C) Machinery
D) Methods
- 52. What is the primary purpose of a business proposal
A) To establish legal contracts
B) To secure funding for the business
C) To recruit employees
D) To outline the marketing strategy
- 53. Entrepreneurs needs four different tasks of competencies execpt
A) Market
B) Message
C) Mentors
D) Mastery
- 54. The entrepreneur needs reasonable creativity quotient in order to make business relevant and unique
A) Preparation gate
B) Marketing gate
- 55. Which of the following is more in challenge in human resources?
A) Squad
B) Square
C) Spread
D) Speed
- 56. Partnership is compose pf
A) 3
B) 2
C) 4
D) 1
- 57. Strong brand image is an example of what
A) Strength
B) Weakness
C) Opportunity
D) Threats
- 58. Anna wants to put up a business, which of the following gate models should anna learn first?
A) Self leadership gate
B) Execution gate
C) Preparation gate
D) Marketing gate
- 59. _____is about purpose or the reason why the business exist beyond making profit
A) All of these
B) Mission
C) Moving forward
D) Mastery
- 60. Is about building capabilities knowing the nuts and bolts well, and eliminating gaps in the know-how
A) Metjod
B) Mission
C) Mastery
D) Moving forward
- 61. Being proactive in taking prompt action to attain objectives
A) Sense making
B) Customer focus
C) Grit
D) Initiative
- 62. Not all entrepreneurs are innovators
A) Maybe
B) True
C) False
- 63. It is having a combination of ability attitude and behavior to do a particular role
A) Commitment
B) Coordination
C) Competency
- 64. Commoditization is better than innovation
A) True
B) Maybe
C) False
- 65. He/she has the capacity to recover and move on
A) Emotional quotient
B) Creativity quotient
C) Adversity quotient
- 66. Persistency to attain a long term goals despite adversity
A) Grit
B) Adaptability
C) Influence
- 67. It is a string drive to achieve goals and objectives through focus and proactive follow through
A) Competency
B) Commitment
C) Coordination
- 68. Is about an orgnization structure that can deliver the value planned
A) Method
B) Management skills
C) Machinery
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