Entrepreneurship Quiz

Individuals who are willing to absorb huge risks of using enormous amounts of capital in their business ventures.

• microentrepreneurs

• corporation

• megaentrepreneurs

• start-up business

The word 'entrepreneur' comes from the French word entreprendre which means _______________

• to negotiate

• to undertake

• to manage

• to compete

Pertains to the strategies related to the expansion of the business firm. It also covers mechanisms for addressing conditions that may affect the future of the firm.

• implementation

• discovery

• strategic thinking

• reaping the returns

The process of carrying out the business plan. It covers a number of activities, including the management of human, physical, technological, and financial resources of the business.

• discovery

• implementation

• business plan

• reaping the returns

It suggests the preparation of a business plan that must spell out the various activities that must be done from the production to the distribution of the product or service.

• organizing resources

• development of concept

• discovery

• implementation

This refers to the recognition of a business idea or the detection of opportunities that could make money for the entrepreneur.

• discovery

• development of concept

• implementation

• reaping the returns

It refers to the systematic and rational way of providing an answer to a question

• creative thinking

• strategic thinking

• development of concept

• critical thinking

Refers to thought processes that bring about discovery of new ideas

• creative thinking

• strategic thinking

• critical thinking

• discovery

Involves thought processes that assess current situation that can be use in the formulation of plans for the future.

• critical thinking

• creative thinking

• strategic thinking

• risk-taking

It can be describe as uncertain situations and developments that can increase the probability of loss or business failure.

• strength

• opportunities

• threats

• risks