Summative Entrep 4.1
Summative Entrep 4.1
Summative Entrep 4.1
3. It is the ability of entrepreneur that can sense without using the five senses, also
known as intuition.
9. The intensity of rivalry among existing firms is characterized to the following factors
except one:
A. Diversity of rivals.
B. Number of competing firms.
C. Characteristics of the products or services.
D. The product represents a high percentage of the buyer’s cost.
10. The following are the forces competing within the industry except one:
A. Potential new entrants and Substitute Products
B. Buyers and Suppliers
C. Rivalry among existing firms
D. Needs and Wants
11. Which of the following good sources of entrepreneurial ideas determine the interest,
hobbies and preferences of people.
A. Changes in the environment C. People’s enterest B. Technological discovery
D. Past experiences
12. Societal environment includes the following, except:
A. Economic forces C. Political forces
B. Sociocultural forces D. Natural resources
13. Which among the following is the result of identifying entrepreneurial opportunities?
A. Creation of entrepreneurial ideas C. Sources of opportunity
B. Opening of entrepreneurial venture D. Entrepreneurial process
14. What entrepreneurial idea will you recognized, if you consider the new discovery and
advancement of technology as source of opportunity?
A. Changes in the environment
B. Technological discovery and advancement
C. Government’s thrust, programs, and policies
D. People’s interest
15. Source of entrepreneurial idea where expertise and skills developeb by a person
from its previous work can lead to the opening of a related business enterprise.
A. Government’s thrust, programs, and policies
B. Past experiences C. People’s interests
D. Technological discovery and advancement
ANSWER KEY
1. A 11. C
2. A 12. D
3. B 13. B
4. C 14. B
5. A 15. B
6. C
7. D
8. A
9. D
10. D