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18. Entrepreneurs must believe in themselves that they can do things despite the overwhelming
odds.
a. opportunity seeking
b. commitment to the work contract
c. demand for quality and efficiency
d. persistent
19. An entrepreneur accepts final accountability for completing a work for the customers.
a. opportunity seeking
b. commitment to the work contract
c. demand for quality and efficiency
d. persistent
20. Entrepreneur assesses and study possible business ventures before committing themselves
and resources.
a. opportunity seeking
b. commitment to the work contract
c. demand for quality and efficiency
d. persistent
II. Use the personal entrepreneurial characteristics from the word bank below and match each to the correct
statement.
a. opportunity seeking
persistent
b. commitment to the work contract
risk-taking
d.
e.
____ 1. Entrepreneurs possess a characteristic of discovering new of different ideas that can salable in the
market.
____ 2. Entrepreneurs do not give up easily.
____ 3. Entrepreneurs value commitment to work.
____ 4. Entrepreneurs calculate and study possible business venture.
____ 5. Entrepreneurs find ways to do things better faster, cheaper in meeting standard of excellence from
themselves.
III. Write the answer in the space provided.
____ 1. Specific goals will help you focus you effort.
A. specific
B. measurable
C. attainable
D. relevant
E. time-bound
IV. Identify the personal entrepreneurial characteristic, write your answers in the space provide.
_________________________ 1. It is an intellectual process, conscious determination of course of action, the
basing of decision on purpose, and facts and considerate estimated.
_________________________ 2. It defined as a result gained by effort
_________________________ 3. It is the ability to cause or prevent an action, make things happen: the
discretion to act or not to act.
_________________________ 4. It defined as a change made in the established way of things.
_________________________ 5. This objective established in setting goals.
V. Fill in the black. Write the missing word to complete the sentence.
a. goal
d. entrepreneurial
b. find ways
e. continuous
c. new
f. entrepreneurs
1._________________________ is set for the next day, week, year or 5.
2. Entrepreneurs _________________________to do things better faster, cheaper in meeting standard of
excellence from themselves.
3. Innovation is a change made in the _______________________ way of things.
4. The Personal __________________________ characteristics are need in building a business.
5. Planning is a __________________________ process, conscious determination of course of action, the
basing of decision on purpose, facts and considerate estimated.
VI. Write true if the statement is true and false if not.
______________ 1. The Personal entrepreneurial characteristics are need in building a business.
______________ 2. Measurable goals include clear criteria to measure the progress.
______________ 3. Entrepreneurs find ways to do things better faster, cheaper in meeting standard of
excellence from themselves.
______________ 4. An entrepreneur accepts final accountability for completing a work for the
customers.
_______________ 5. Entrepreneurs possess a characteristic of discovering new of different ideas that can salable
in the market.
VII. Enumeration
a. Three types of small business
1.________________________________________________________
2. ________________________________________________________
3. ________________________________________________________