METROLOGYX INSTITUTE OF TECHNOLOGY

BAYONG, CADULAWAN MINGLANILLA CEBU

UNIT TEST IN ENTERPRENEURSHIP

Name: ____________________________________ Date:__________________Score:_________

A. TEST II. Circle the correct answer for each question

1. It emphasis on innovation, and the creation of new products, new production

methods, new markets, and new forms of organization.
a. entrepreneur c. Business plan
b. Entrepreneurship d. business
2. It is a guide for any business endeavor.
a. entrepreneur c. Business plan
b. Entrepreneurship d. business
3. First content of the business plan is?
a. business concept b. business c. Profit d. capital

4. A unique individual who has the innate ability and extraordinary dedication to
establish and manage a business, acknowledging all the risks and reaping its rewards

a. entrepreneur c. Business plan

b. Entrepreneurship d. business

5. An entrepreneur who puts technology at the core of his/ her business model.
a. technopreneur c. Extrapreneur
b. Intrapreneur d. social entrepreneur

B. Explain the following question. (5 points each)

1. What is entrepreneurship?

2. Explain the role of the entrepreneurship in economic development

3. Why business plan is essential in putting up business?

4. What are the advantage and disadvantage of having a business?

5. What is the law of demand and law supply?

C. Enumeration

a. give at least 5 common traits of entrepreneurship

b. Five Levels of Entrepreneurial Development (Acc. To Action Coach)

c. Give at least 5 small businesses in the Philippines.