Entreprenership Quarter 3 Summative 1

1. The word “entrepreneur” was derived from the French verb enterprende. What does it mean?

• a. to end

• b. to forgo

• c. to neglect

• d. to undertake

2. Which refers to entrepreneurship?

• a. the enterprise

• b. the entrepreneur

• c. the market

• d. the process

3. It is one of the factors affecting entrepreneurship which includes political, climate, legal system, economic and social conditions and market situations.

• a. cultural factors

• b. environmental factors

• c. personality factors

• d. societal factors

4. These are factors that are trait dependent, and often vary from one person to another depending on that person's personality.

• a. cultural factors

• b. environmental factors

• c. personality factors

• d. societal factors

5. They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied.

• a. Drone entrepreneurs

• b. Fabian entrepreneurs

• c. Innovative entrepreneurs

• d. Social entrepreneurs

6. They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.

• a. Drone entrepreneurs

• b. Fabian entrepreneurs     

• c. Innovative entrepreneurs

• d. Social entrepreneurs

7. They are those who lives on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.

• a. Drone entrepreneurs

• b. Fabian entrepreneurs

• c. Innovative entrepreneurs

• d. Social entrepreneurs

8. What career suits you if you have the expertise of in the field of entrepreneurship, where you can be a very good source of advices to other entrepreneurs and would be business man?

• a. Business Consultant

• b. Business Reporter

• c. Researcher

• d. Teacher

9. Entrepreneurship involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources.

• a. Economic and dynamic activity

• b. Innovative

• c. Profit Potential 

• d. Risk bearing

10. The entrepreneur can be compensated by his profit coming from the operation.

• a. Economic and dynamic activity

•  b. Innovative

• c. Profit Potential 

• d. Risk bearing