PART II: CHOOSING ITEM

INSTRUCTION: THIS ASSESSMENT CONTAINS 5 MULTIPLE CHOICE QUESTIONS, WORTH

1.5 POINTS OF EACH. CHOOSE THE BEST ANSWER FROM THE GIVEN ALTERNATIVES &
WRITE THE CHOICE OF THE CORRECT LETTER ON THE SPACE PROVIDED. MAKE SURE
THAT YOUR ANSWER IS CLEARLY MARKED. USE ONLY CAPITAL LETTER.
1. _______ is the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
A. Entrepreneurship B. Enterprise C. Venture D. None
2. It assesses the overall population pattern of a given geographical region that may include:
A. Age profile B. distribution education profile
B. Gender C. Income distribution D. All
3. All but one is May not entrepreneurial competencies.
A. Taking initiative B. Dealing with uncertainty
B. Being highly competitive C. Seeking opportunities D. None
4. _____ is a short and precise description of the basic operation of an intended business.
A. Business idea B. Profit margin C. Innovation D. All
5. One of the following may not be Personal effort to be an entrepreneur?
A. Working long hours B. High energy C. Limited social life D. None
PART III: MATCHING ITEM
INSTRUCTION: THIS ASSESSMENT CONTAINS 5 MATCHING QUESTIONS, WORTH 1.5 POINTS.
MATCH THE ITEM IN COLUMN “A” WITH THE ITEM IN COLUMN “B” AND WROTE LETTER OF THE
BEST MATCH ON THE SPACE PROVIDED. USE ONLY CAPITAL LETTERS.

A B
6. forms of enterprise A. consumer vs. industrial
7. small enterprise B. direct lines of communication
8. small enterprise weakness C. higher direct cost
9. self-employment and self-management D. use of time
10. self-management E. plan effectively
F. Greater motivation
PRACTICAL PART
INSTRUCTION: THIS ASSESSMENT CONTAIN 5 QUESTIONS; WORTH 15 POINTS. READ AND
ANALYZE EACH QUESTION CAREFULLY SO THAT WHEN YOU UNDERSTOOD, ANSWER THE
QUESTIONS CORRECTLY. TRY TO WRITE NEATLY AND PROOFREAD AS YOU GO.

11. What are the Advantages and Disadvantages of self-management?

12. There are many tips to generate a successful business idea, State at least with appropriate examples?
13. Mention at least 5 from the Source of Business Ideas?
14. There are two major Classifications of Business Environment. List and explain briefly of them?
15. What are the common Entrepreneurial Characteristics? List at least 5.