a. entrepreneurship f. adaptability k. notes receivables p.

diplomacy
b. willpower g. money l. liabilities q. accounts receivables
c. foresight h. ambition m. scientific theory r. expense
d. Frederick Taylor i. revenue n. human relations s. intangble asset
e. Elton Mayo j. capital o. french t. asset

______1. It is known as the investment that is used for the business.

______2. It is the medium of exchange.
______3. The scientific management theory is created by?
______4. The earning of the business or a person.
______5. The human relations theory is created by?
______6. A character trait of an entrepreneur who adjust changes in environment.
______7. These are the obligation that is need to pay or long-term debt.
______8. A character trait of an entrepreneur that makes an effort to achieve his goal.
______9. These are the innovators of the society.
______10. When we purchased something for our business we called it?
______11. This theory focuses on solving the behavior of the worker.
______12. These assets are owned but can never be touched.
______13. An asset that owed by the customer.
______14. This theory focuses on gathering data by the use of quantitative research.
______15. A character trait of an entrepreneur who decides for the present and future of his business.
______16. The things that you own personally or for business.
______17. A character trait of an entrepreneur that knows how to relate others and considerate when it
comes to talking.
______18. Entrepreneurship comes from ____ word.
______19. A character trait of an entrepreneur wherein he is willing to solve his problem no matter
what.
______20. Also known as the promissory notes.

______1. In the entrepreneurial world, new ideas and opportunities are evolving. What is the ability to
create new things, invest in new enterprises and expand business?
a. Creativity
b. Entrepreneurship
c. Manufacturing
d. producing
______2. Management functions and principles play a very critical role in running a business. What
principle of planning specifies that the objectives of an entrepreneur should match the needs of the
society?
a. Must be realistic
b. Must be based on felt needs
c. Must focus on dealing with a crisis
d. Must start with a simple project
______3. Which P in marketing is designed to communicate the product to customers?
a. Place
b. Price
c. People
 d. Promotion
______4. Which of the following is the most important in choosing the best location for the business?
a. Access to supplies and raw materials
b. Clean, decent and peaceful environment
c. Less competitors in the area
d. Enough capital to pay space rental
______5. Which term refers to people, institution or organizations for whom the business is designed?
a. Population
b. Market
c. Social media
d. society
______6. As an entrepreneur which one is not included in planning a business?
a. How and when to do it
b. How to increase profits
c. What to expect in the future
d. What to do
______7. Mr. Silva purchased a right to operate an already established business, what type of retail
ownership is it?
a. Sole proprietorship
b. Franchise
c. Partnership
d. Corporation
______8. Which of the following is the correct defintion of the term “entrepreneur”. A person who ____
a. Pursues opportunity without regard to resources
b. Starts a new business with aim of making a profit
c. Seeks to create value for local communities by starting new ventures whcih exploits new
product
d. None of the above
______9. If her business idea is a boutique, what quality of a future entrepreneur is INAPPROPRIATE?
a. Coping with failure
b. Irritated
c. Opportunity seeker
d. persistent
______10. Which among these characteristics of an entrepreneur is UNDESIRABLE?
a. Opportunity seeker
b. Goal setter
c. Futurisitc
d. Impassive
______11. Which of the following is a primary cause of failure in small business?
a. Poor financial control
b. Poor location
c. Managment mistakes
d. Improper inventory control
______12. Which of these traits get an entrepreneur off of his feet and puts him into action, turning
daydream into reality.
a. Perserverance
b. Ambition
c. Creativity
 d. enthusiasm
______13. Which of the following is NOT a characteristic of an entrepreneur?
a. Relaxed
b. Hard worker
c. Risk taker
d. Innovative
______14. Which of the following refers to the things of value and right owned by the business?
a. Expense
b. Liability
c. Asset
d. Profit
______15. An individual who can identify the various products or services which people need and
delivers at the right time and place at the prices is ____________.
a. Capitalist
b. Entrepreneur
c. Contractor
d. industrialist
______16. Which trait is an entrepreneur able to withstand the troubles that come with a starting
business?
a. Perseverance
b. Ambition
c. Creativity
d. enthusiasm
______17. We all desire success in business ventures but it is most important for an entrepreneur to be:
a. good communicator
b. a good follower of trends
c. creative
d. highly educated
______18. Which of the following is NOT a must for a beginner entrepreneur?
a. Ability to take risk without worry
b. A great self image
c. Self-confidence
d. Starting with big capital
______19. When a customer pays cash upon delivery of the goods to their homes, this is known as:
a. Cash on hand
b. Cash in bank
c. Cash on delivery
d. None of the above
______20. Which entreprenurial trait gives an entrepreneur a positive outlook in life which gives the
energy to pursue his goal.
a. Enthusiasm
b. Willpower
c. Creativity
d. perseverance
______21. Profit is the indicator of how wll an entrepreneur has managed his:
a. employees
b. sales
c. business
 d. himself
______22. If an entrepreneur acts to do things that meet or even exceed existing standards of
excellence then he is considered to be a/an:
a. receiver
b. hard worker
c. master
d. dreamer
______23. The key ingredient of entrepreneurship is/are:
a. innovation
b. goal
c. objectives
d. all of the above
______24. The key ingredients to Entrepreneurial activity is the result of:
a. good luck
b. big capital
c. careful planning
d. choosing
______25. Which of the following is an example of money, materials and machine?
a. Capital
b. Liability
c. Material
d. obligations
______26. This is the sequence of the tasks that all work will be finished at the desired time.
a. Schedule
b. Plan
c. Objectives
d. goals
______27. Roger doesn’t want to promote his product online because he believes that it waste of
money. What character trait of an entrepreneur he is lacking?
a. Adaptability
b. Willpower
c. Diplomacy
d. Self-control
______28.
______29.
______30.