QUESTIONS ENTREP 5.

How does entrepreneurship contribute to

economic development?

A. By creating organizations
1. What is one of the benefits of
entrepreneurship in terms of developing skills? B. By improving standard of living

A. Creation of Organizations C. By developing managerial capabilities

B. Improving Standard of Living D. By means of economic development

C. Means of Economic Development

D. Development of Managerial Capabilities 6. What is an essential quality for an

entrepreneur in terms of seizing opportunities?

A. Initiative
2. What does the word "entrepreneur" mean?
B. Persuasion
A. To undertake
C. Risk-taker
B. To innovate
D. Perseverance
C. To manage

D. To invest
7. Which factor is NOT a Personality Factor
affecting entrepreneurship?
3. Which factor is NOT considered a Personality
A. Proactive
Factor affecting entrepreneurship?
B. Climate
A. Initiative
C. Problem Solver
B. Proactive
D. Risk-taker
C. Legal system

D. Perseverance
8. What is the process called when an
entrepreneur creates an enterprise?
4. What is one of the environmental factors
A. Innovation
affecting entrepreneurship?
B. Entrepreneurship
A. Political
C. Development
B. Risk-taker
D. Management
C. Problem Solver

D. Persuasion
9. Which factor is NOT an Environmental Factor
affecting entrepreneurship?

A. Market situations
3. Which factor is NOT considered a Personality
B. Legal system Factor affecting entrepreneurship?

C. Perseverance A. Initiative

D. Economic and social condition B. Proactive

C. Legal system

10. How does entrepreneurship contribute to D. Perseverance

improving the standard of living?

A. By creating organizations
4. What is one of the environmental factors
B. By means of economic development affecting entrepreneurship?

C. By improving managerial capabilities A. Political

D. By lifting up the economic status of an B. Risk-taker

individual
C. Problem Solver

D. Persuasion
II.

1. What is one of the benefits of

5. How does entrepreneurship contribute to
entrepreneurship in terms of developing skills?
economic development?
A. Creation of Organizations
A. By creating organizations
B. Improving Standard of Living
B. By improving standard of living
C. Means of Economic Development
C. By developing managerial capabilities
D. Development of Managerial Capabilities
D. By means of economic development

2. What does the word "entrepreneur" mean?

6. What is an essential quality for an
A. To undertake entrepreneur in terms of seizing opportunities?

B. To innovate A. Initiative

C. To manage B. Persuasion

D. To invest C. Risk-taker

D. Perseverance
7. Which factor is NOT a Personality Factor
affecting entrepreneurship?
A. Proactive
B. Climate
C. Problem Solver
D. Risk-taker
8. What is the process called when an
entrepreneur creates an enterprise?
A. Innovation
B. Entrepreneurship
C. Development
D. Management
9. Which factor is NOT an Environmental Factor
affecting entrepreneurship?
A. Market situations
B. Legal system
C. Perseverance
D. Economic and social condition
10. How does entrepreneurship contribute to
improving the standard of living?
A. By creating organizations
B. By means of economic development
C. By improving managerial capabilities
D. By lifting up the economic status of an
individual
III.
1. What is the entrepreneurial ability known as
being intuitive and having a gut feeling?
A. Entrepreneurial mind Frame
B. Entrepreneurial heart flame
C. Entrepreneurial gut game D. Entrepreneurial
spirit
2. Which of the following is NOT a source of
opportunities for entrepreneurs?
A. Changes in the environment
B. Technological discovery and advancement
C. Government thrust, programs, and policies
D. People's Interest
3. In the Forces of Competition Model, which
factor refers to companies or businesses that
have the ability to penetrate or enter into a
particular industry?
A. Buyers
B. Potential New Entrants C. Rivalry among
Existing Firms
D. Substitute Products
4. What is a key factor that can lessen the
threat of bargaining power of buyers in an
industry?
A. Limited suppliers available in the market
B. High switching cost for the buyer
C. Buyer purchases small portions of the seller's
product or services
D. Buyer has the potential for backward
integration
 C. Rivalry among Existing Firms

5. Which factor can increase the intensity of D. Suppliers

rivalry among existing firms in a market?

A. Low number of competing firms

9. What is the industry environment
B. Low fixed costs competitive force that provides something
needed in business operations such as office
C. Slow industry growth
supplies and equipment?
D. Increased capacity
A. Buyers

B. Potential New Entrants

6. In the Five Forces competing within the
C. Rivalry among Existing Firms
industry, which factor refers to products that
serve the same purpose as another product in D. Suppliers
the market?

A. Buyers
10. Which of the following is NOT one of the
B. Potential New Entrants five forces competing within the industry
according to the model?
C. Rivalry among Existing Firms
A. Buyers
D. Substitute Products
B. Potential New Entrants

7. What can be a significant threat in the
industry environment if switching cost is low
and the quality of the substitute product
dramatically improves?
A. Potential New Entrants
B. Rivalry among Existing Firms
C. Substitute Products
D. Suppliers
C. Customers
D. Wildlife
IV.
1. What is market research?
A. The process of selling products directly to
consumers
B. The process of gathering, analyzing, and
interpreting information about products or
services for potential consumers

C. The process of creating new products for the

8. Which factor in the industry environment can
market
pose a strong threat if the supplier has the
ability for forward integration and the switching D. The process of promoting products through
cost is very high? advertising

A. Buyers

B. Potential New Entrants

2. What is the most valuable tool in any 6. What is one advantage of conducting
research study? interviews?

A. Data interpretation A. Cost-effective

B. Data analysis B. Quick data collection

C. Data collection C. Establishing a relationship with participants

D. Data presentation D. Limited information gathered

7. What is a key consideration when designing a

research questionnaire?
3. Which of the following is a tip for collecting
data? A. Make it complex to challenge respondents

A. Delete irrelevant data B. Include difficult-to-answer questions

B. Create more data C. Ensure questions are concise and easily

understood
C. Collect data only at the end of the research
study D. Use a variety of fonts and colors

D. Ignore interesting data

8. What is a traditional method of conducting

interviews?
4. What are the three different data collection
techniques mentioned? A. Online interviews

A. Interview, observation, experiment B. Telephone interviews

B. Survey, focus group discussions, data analysis C. Personal interviews

C. Survey, interview, focus group discussions D. Group interviews

D. Questionnaire, data collection, data

interpretation
9. What is a disadvantage of telephone
interviews compared to face-to-face
interviews?
5. What is the most common way to gather
primary research data? A. Higher response rate

A. Observation B. Lower cost

B. Experiment C. Time-consuming

C. Survey D. Lower response rate

D. Interview
10. What is a benefit of focus group
discussions?

A. Quick data collection

B. Generating and screening ideas and concepts

C. Limited participant involvement

D. Strict moderator control