Multiple Choice Wps Office

MULTIPLE CHOICE.
1. The process of creating something new with value by devoting the necessary time and
effort.
a. Investment b. entrepreneurship. c. service. d. entrepreneur
2. It refers to a person who starts and/or operates a business, they are creative and innovative.
a. entrepreneur b. service provider c. retailer d. entrepreneurship
3.The following are the roles of entrepreneur in the economy, except;
a. entrepreneurs are vital 8n th3 economic developmemt of the country.

b. They provide employments and income that moves the economy forward.
c. By creating new business and jobs, entrepreneurship leads to an increase in gross national
product and per capita income.
d. Assumption of necessary risk
5. It comes from money or cash. It is what had left after deducting the cost and expenses
from the selling price of products and services. Selling Price- Cost & Expenses = ______.
a. Capital. b. Profit. c. Investment. d. loan
6. The entrepreneur feels as to what to do to fit his business. This is reffered to as being one's
boss.
a. Freedom. b. Prestige. c. service d. management
7. The following are the characteristics of a successful entrepreneur in the Bakery Industry,
EXCEPT;
a. Confident. b. Quality-oriented c. Hardwork. d. lazy
8. In baking Industry, successful entrepreneurs have one trait in common. They invested not
only money but also sweat and talent.
a. Innovative. b. Hardworking c. Confident. d. Creative
9. Ella makes a unique wedding cakes for high society weddings and debuts by only stretching
one's imagination to create an excellent product.
a. systematic. b. confident. c. creative. d. healthy
10. It refers to a develop methods of how to economize on fuel, electricity and ingredients that
you use.
a. systematic. b. confident. c. creative d. hardwork

11. A successful bakeshop entrepreneur continously strives to produce excellent baked
products and update one's skills and knowledge on how to operate the business.
a. Communication Ability b.Technical Ability c. Open-minded d. Creative
12. An entrepreneur should remember the good quality baked products not just "pwede na"
are patronized over and over again, what does it imply?
a. Quality-conscious b. Open-minded c. Creative d. Innovative
13. Successful entrepreneurs in the baking industry continously find ways and means of
offering improved a new products, this pertains to.
a. Hardwork b. Systematic c. Innovative d. Quality-conscious
14. A successful entrepreneurs needs to develop appropriate communication skills in dealing

with employees, customers, suppliers and creditors.
a. Technical Ability b. Communication Ability c. Persuasive Ability d. Open-minded Ability
15. The statements are the things yiu need to put into consideration in studying the
environment, after knowing one's personal entrepreneurial competencies. Which of the
following is not included?
a. You need to evaluate the location or the barangay to determine the needs and wants of your
people.
b. Scanning the environment by gathering pertinent information about the number of probable
customers, suppliers and competitors and the products being offered.
c. Persuading the people living nearby to support your business
d. To plan if what you can offer as youur advantages/opportunities over those bakeshops that
are already in the location
16. These are the factors offering the success of the Bakeshop business, EXCEPT;
a. Capital b. Manpower c. Freedom d. Market
17. This is analysis that helps to determine the risk and opportunities in a business venture.
a. SWOT (Strengths, willingness, opportunity, threat)
b. SWOT (Strengths, weaknesses, opportunity, threat)
c. SWOT (Service, willingness, open-minded, threat)
d. SWOT (Systematic, weaknesses, opportunity-seeker, threat)

18. This include possible problems or conflicts from the beginning or during the actual
operation of the business.
a. weaknesses b. strengths c. opportunity-seeker. d. threats
19. These are the things or ideas that can help improve the business.
a. opportunity b. strength. c. manpower d. market
20. In SWOT analysis of the Bakeshop/Bakeries, what are the traits under the STRENGTHS
component?
a. well-trained team, satisfied employees, repeat customers
b. limited space, poor location, poor ambiance
c.affordable products, new and well baked products
d.openimg of new bakeshops in the same environment, dissatisfaction employees
TRUE OR FALSE.
______1. Skill, knowledge, health, interest and desire are the weaknesses that will push a
person to be an entrepreneur.
_______2. One of the competencies in managing the entrepreneurship is to have a strong

desire to succeed.
_______3. As an entrepreneur you have to be an opportunity-seeker as it perceives and acts on

new business opportunity.
_______4. Lack of self-confidence and inability to speak well might lead your business to
bankruptcy.
_______5. Persistent is one of a values/traits to consider in business as to overcome the

obstacles.
_______6. Entrepreneurship does not demand long working hours and hard work.
_______7. Committed means you do not accept full responsibility in every problems you
encountered.
_______8. As a new entrepreneur you have to be innovative, to open new ideas in business.
_______9. The entrepreneur must have the values of eficiency and quality-oriented to strive in
raising standards and aims for excellence.
________10. The entrepreneur must be a risk-taker.
Answer key: 1 F 2T 3 T. 4 T. 5. T. 6F. 7. F. 8. T. 9. T. 10 T
ESSAY (For 10 pts)
1. What are the entrepreneurial traits of successful entrepreneurs that you would like to have?
How do you apply it in real-life situations? Explain elaborately and precisely.

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MULTIPLE CHOICE.

a. Investment b. entrepreneurship. c. service. d. entrepreneur

a. entrepreneur b. service provider c. retailer d. entrepreneurship

3.The following are the roles of entrepreneur in the economy, except;

a. entrepreneurs are vital 8n th3 economic developmemt of the country.

a. Capital. b. Profit. c. Investment. d. loan

a. Freedom. b. Prestige. c. service d. management

a. Confident. b. Quality-oriented c. Hardwork. d. lazy

a. Innovative. b. Hardworking c. Confident. d. Creative

a. systematic. b. confident. c. creative. d. healthy

a. systematic. b. confident. c. creative d. hardwork

a. Communication Ability b.Technical Ability c. Open-minded d. Creative

a. Quality-conscious b. Open-minded c. Creative d. Innovative

a. Hardwork b. Systematic c. Innovative d. Quality-conscious

14. A successful entrepreneurs needs to develop appropriate communication skills in dealing

a. Technical Ability b. Communication Ability c. Persuasive Ability d. Open-minded Ability

c. Persuading the people living nearby to support your business

a. Capital b. Manpower c. Freedom d. Market

a. SWOT (Strengths, willingness, opportunity, threat)

b. SWOT (Strengths, weaknesses, opportunity, threat)

c. SWOT (Service, willingness, open-minded, threat)

d. SWOT (Systematic, weaknesses, opportunity-seeker, threat)

a. weaknesses b. strengths c. opportunity-seeker. d. threats

a. opportunity b. strength. c. manpower d. market

a. well-trained team, satisfied employees, repeat customers

b. limited space, poor location, poor ambiance

c.affordable products, new and well baked products

d.openimg of new bakeshops in the same environment, dissatisfaction employees

_______2. One of the competencies in managing the entrepreneurship is to have a strong

_______3. As an entrepreneur you have to be an opportunity-seeker as it perceives and acts on

_______5. Persistent is one of a values/traits to consider in business as to overcome the

Answer key: 1 F 2T 3 T. 4 T. 5. T. 6F. 7. F. 8. T. 9. T. 10 T

ESSAY (For 10 pts)

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