P2 ENTREPRENEURIAL MIND EXAMINATION

Which is not an advantage of ethical behavior in business

-Increase number of employee turnover

It is a value that will make our businesses run smoothly by not cheating our customers, maltreating our workers
and competing properly with competitors
-PAKIKIPAGKAPWA

The following examples show how passionate you are on your business, except
-You ask yourself if there’s a way you could do better each time you do something

It is one of the characters of the Filipino entrepreneurs where entrepreneurs believe on their own decision and
knowledge to run their business.
-Confident and self-reliant

A value favorable to entrepreneur that suggests strong-heartedness, which means putting what you have been
doing to God’s will.
-Bahala na

What creativity is not

-a,b,c.a and b is not correct

Creativity is thinking new things, innovation is doing new things

-True

It is a function of nurture rather than nature.

-Creativity

When a person works on an activity that is unconnected to the problem he is working on

-Incubation Period

It focuses on achievements rather than circumstances of birth.

-Conferment of social ranks

Which of the following are principles of innovation.

-e. b and c

Which of the following is the driving force of innovation.

-market

When a poor individual works hard to become rich thru an honest undertaking
-Conferment of social ranks

Which of the following is true about myths of innovation.

-Creativity Relies on Dreams and Blue-Sky ideas

Study shows that entrepreneurs emanate from a class with norms and values about business.
-true

It is a distinct way of looking at the world that is often illogical, resulting in the effectiveness of a system.
-Creativity

Which of the following is not part of the Creative Process?

-Introduction and growth stage
Which of the following is not an element of the principles of innovation.
-none of the above

Commercial success means

-A new product with 100% market acceptance.

The lore of innovation is when:

-Configuration of the technical process are programmed

Which of the following is not a characteristic of a creative individual.

-Rigid and dogmatic

A differentiating factor between a leader and a follower

-Risk

Risk-taking is defined as
-The willingness to pursue an opportunity knowing that the risk involved is reasonable

How do you call an experience linking to entrepreneurship that motivates to start a business after months/years
of dissatisfaction with one’s job.
-Work

It is a Filipino trait that deals with emotional and physical stress as entrepreneurs are facing many problems and
difficult situations.
-Self-control

What character that the following sentence suggests “ Filipino entrepreneurs are able to convince and influence
his employees and his customers positively.
-A leader and an innovator

It is one of the Filipino values that creates innovation when someone adapts what others are doing.
-Copy-Cat

It allows the society or group of people to go up or climb one community level to another.
-Social Mobility

He is one of the role model Filipino entrepreneurs who started a small t-shirt shop in 1987.
-Ben Chan

How do you call the greatest value for a Filipino entrepreneur.

-Family

The link between family and entrepreneurship can be describe best when
-You are exposed and mastered at an early age by your parents to compute a bill, bargain and distribute stuffs.

Which of the following statement is true about the character of the Filipino entrepreneur.
-Filipino entrepreneur has a set of values that guides him/her in doing business.

The following filipino values are harmful to entrepreneurship, except

-Gaya-gaya( copy-cat)

It is through this link that appears necessary in the upbringing of the entrepreneur and it gives a good
background.
-Education and Entrepreneurship

He has little regard for means and is more interested in ends.

-Innovator

This theory of ethics which anchors the morality or rightness of actions on the consequence or results of actions
is called
-Teleology

Which of the following is a benefit of business ethics

-Boost employee commitment

Which of the following statement is true

-None of the choices

If the local group of entrepreneurs conduct a seminar about “the social responsibility of business in our
community” it means
-The expectations that the community imposes on firms doing business inside its borders.

A concept that advances equitable opportunities for economic participants during economic growth with
benefits incurred by every section of society.
-Inclusive Growth

Corporate Social Responsibility is…

-A management concept whereby companies integrate social and environmental concerns in their business
operations and interactions with their stakeholders.

This is an environmental and economic factor that influence the decisions and behaviors of entrepreneurs
-Social Responsibility

It refers to tools and machines that may be used to solve real-world problems.
-Technology

Which of the following is not ways to improve business ethics?

-Top Management Prejudice

What do you mean by triple-bottom-line-approach?

-business looks at profits,valuing people and taking care of the planet

Risk-taking is referred to as..

-The willingness to pursue an opportunity knowing that there might be a reasonably risk involve

___ is the virtual computer world or an electronic medium used to form a global computer network to facilitate
online communication
-The Cyberspace

An inflation is a good example of what risks and challenges in doing entrepreneurship?

-Unpredictable business conditions

Which of the following statement is untrue?

-Change in the price of raw materials is not a factors that affects the change in the business environment.

The following are examples of business under a green economy,except

-Coastal clean up