Name: _______________________________
1. Opportunity Entrepreneurship is driven by:
A. An urgent lack of resources in an individual's environment
B. The perception of a potential business venture
C. A strong feeling of dissatisfaction with current employment
2. A key difference bet. opportunity & need entrepreneurs is
that opportunity entrepreneurs are often motivated by:
A. Desperation due to unemployment
B. Personal passion and ambition for growth
C. Social causes and desire to fix problems
3. Need Entrepreneurship is primarily driven by:
A. Availability of resources for starting a business
B. Economic necessity and limited alternatives
C. The desire to innovate and bring a new product to market
4. Which of the following is the BEST example of a need-
based business?
A. A new gourmet cafe in an upscale neighborhood
B. A food delivery service in an area with few dining options
C. A line of luxury handbags
5. Andrew starts a lawn-mowing service but notices there is
already a lot of competition in his neighborhood. Instead of
quitting, he decides to:
A. Lower his prices significantly to get customers.
B. Keep an eye on how the other businesses operate and find
a way to do something different or better.
C. Ask his parents if they know anyone who might want their
lawn mowed.
6. Zedd has a business idea but isn't sure if people will
actually want his product. The best next step is to:
A. Give up because if he's unsure, others probably will be too.
B. Spend all his money on making inventory and then trying
to sell it.
C. Conduct market research, talk to potential customers, and
get feedback.
7. Adarna’s first attempt at creating a new dessert recipe is a
total flop. An entrepreneur would most likely:
A. Feel discouraged and never try baking anything new again.
B. Decide they just aren't a good baker and that it's not for
them.
C. Review the recipe, make adjustments, and try again.
D. Immediately shift to a different product/service
8. Sarah notices that there aren't any healthy snack options in
her school's vending machines. She decides to:
A. Complain about the lack of options to her friends.
B. Start a petition to have better snacks included.
C. Create a healthier snack product and approach the school
about selling it.
Name: _______________________________
1. Opportunity Entrepreneurship is driven by:
A. An urgent lack of resources in an individual's environment
B. The perception of a potential business venture
C. A strong feeling of dissatisfaction with current employment
2. A key difference bet. opportunity & need entrepreneurs is
that opportunity entrepreneurs are often motivated by:
A. Desperation due to unemployment
B. Personal passion and ambition for growth
C. Social causes and desire to fix problems
3. Need Entrepreneurship is primarily driven by:
A. Availability of resources for starting a business
B. Economic necessity and limited alternatives
C. The desire to innovate and bring a new product to market
4. Which of the following is the BEST example of a need-
based business?
A. A new gourmet cafe in an upscale neighborhood
B. A food delivery service in an area with few dining options
C. A line of luxury handbags
5. Andrew starts a lawn-mowing service but notices there is
already a lot of competition in his neighborhood. Instead of
quitting, he decides to:
A. Lower his prices significantly to get customers.
B. Keep an eye on how the other businesses operate and find
a way to do something different or better.
C. Ask his parents if they know anyone who might want their
lawn mowed.
6. Zedd has a business idea but isn't sure if people will
actually want his product. The best next step is to:
A. Give up because if he's unsure, others probably will be too.
B. Spend all his money on making inventory and then trying
to sell it.
C. Conduct market research, talk to potential customers, and
get feedback.
7. Adarna’s first attempt at creating a new dessert recipe is a
total flop. An entrepreneur would most likely:
A. Feel discouraged and never try baking anything new again.
B. Decide they just aren't a good baker and that it's not for
them.
C. Review the recipe, make adjustments, and try again.
D. Immediately shift to a different product/service
8. Sarah notices that there aren't any healthy snack options in
her school's vending machines. She decides to:
A. Complain about the lack of options to her friends.
B. Start a petition to have better snacks included.
C. Create a healthier snack product and approach the school
about selling it.
II. Read each situation and select whether it primarily II. Read each situation and select whether it primarily
represents Opportunity Entrepreneurship or Need represents Opportunity Entrepreneurship or Need
Entrepreneurship. Write “Oh, yes” if it’s an opportunity, and Entrepreneurship. Write “Oh, yes” if it’s an opportunity, and
write “Oh, no” if it’s a need. write “Oh, no” if it’s a need.

___________ 1. Maria recently lost her job. After several ___________ 1. Maria recently lost her job. After several
weeks of unsuccessful job searching, she decides to open a weeks of unsuccessful job searching, she decides to open a
small crafting business to generate income. small crafting business to generate income.

___________ 2. Sarah starts a tutoring business because she
sees a lack of quality after-school learning services in her
community.
___________ 3. Luis notices an increase in health-conscious
consumers. He opens a juice bar specializing in organic and
fresh ingredients.
___________ 4. Myrna has an extensive experience in
accounting and starts a bookkeeping service to offer their
expertise to small businesses.
___________ 5. Ampatuan is a passionate baker. She
recognizes a rising interest in vegan cakes and starts a
business specializing in plant-based desserts.
___________ 6. An entrepreneur in a rural community builds
a water filtration business in response to limited access to
clean drinking water.
___________ 7. After facing frequent power outages in her
province, Gemerlyn develops a portable solar power
generator for household use.
___________ 2. Sarah starts a tutoring business because she
sees a lack of quality after-school learning services in her
community.
___________ 3. Luis notices an increase in health-conscious
consumers. He opens a juice bar specializing in organic and
fresh ingredients.
___________ 4. Myrna has an extensive experience in
accounting and starts a bookkeeping service to offer their
expertise to small businesses.
___________ 5. Ampatuan is a passionate baker. She
recognizes a rising interest in vegan cakes and starts a
business specializing in plant-based desserts.
___________ 6. An entrepreneur in a rural community builds
a water filtration business in response to limited access to
clean drinking water.
___________ 7. After facing frequent power outages in her
province, Gemerlyn develops a portable solar power
generator for household use.

III. Direction: Match the characteristic of an entrepreneur to
its correct definition. Write the letter of your answer on the
space provided before the number
Column A Column B
____ 1. Initiative A. The willingness to embrace
____ 2. Perseverance calculated risks for potential
____ 3. Problem-Solver reward.
____ 4. Risk-Taker B. Learns from his mistakes and
____ 5. Self-Critical from experiences of others
C. Able to recognize challenges
and introduce innovative
solutions.
D. Taking the first steps toward
achievement without
prompting.
E. Works against all odds to
overcome obstacles and is
never complacent with success
III. Direction: Match the characteristic of an entrepreneur to
its correct definition. Write the letter of your answer on the
space provided before the number
Column A Column B
____ 1. Initiative A. The willingness to embrace
____ 2. Perseverance calculated risks for potential
____ 3. Problem-Solver reward.
____ 4. Risk-Taker B. Learns from his mistakes and
____ 5. Self-Critical from experiences of others
C. Able to recognize challenges
and introduce innovative
solutions.
D. Taking the first steps toward
achievement without
prompting.
E. Works against all odds to
overcome obstacles and is
never complacent with success