OUR LADY OF MERCY COLLEGE
BRGY, LOCSOON, BORONGAN CITY, EASTERN SAMAR
BORONGAN CITY PHILLIPPINE
LONG QUIZ IN ENTREPRENEURAL MIND
NAME:_________________________________________________________COURSE/SECTION:_____________
1. You come across an article on social media
that claims a new study has proven that eating
chocolate every day can make you lose
weight. What should you do?
a) Share the article with your friends because
it sounds interesting.
b) Like the article and move on without
questioning its validity.
c) Read the article critically, evaluate the
source, and look for supporting evidence.
d) Dismiss the article without reading it
because it goes against your beliefs.
2. You are working on a group project, and one
team member suggests an idea that goes
against what the majority of the group
believes. What should you do?
a) Ignore the idea and continue with the
majority's opinion.
b) Shut down the team member and dismiss
their idea.
c) Encourage open discussion and ask the
team member to provide their reasoning.
d) Change the topic to avoid conflict within
the group.
3. You receive an email from an unknown sender
claiming that you have won a million dollars in
a lottery you never entered. What should you
do?
a) Reply to the email with your personal
information to claim the prize.
b) Delete the email without reading it because
it's probably a scam.
c) Forward the email to all your contacts to let
them know about your luck.
d) Investigate the email, check for any red
flags, and verify the information with reliable
sources.
4. You are presented with two conflicting
research studies on the effects of climate
change. One study claims that it is primarily
caused by human activity, while the other
suggests it is a natural occurrence. What
should you do?
a) Choose the study that aligns with your pre-
existing beliefs.
b) Disregard both studies and form your own
opinion without considering the evidence.
c) Analyze the methods, data, and credibility
of each study to make an informed judgment.
d) Ignore the topic of climate change
altogether.
5. You are watching a political debate, and one
candidate makes a claim without providing
any evidence or supporting facts. What should
you do?
a) Accept the claim as true because it was
said.
b) Dismiss the claim without further
consideration.
c) Research the claim independently, fact-
check, and evaluate its validity.
d) Change the channel to avoid political
discussions.
6. When making a decision, which factor should
a manager consider as the most important?
a) The skill level of the subordinate.
b) The potential impact on the subordinate's
development.
c) The team dynamics.
d) The manager's own workload and time
constraints.
7. Question: When making a decision under
pressure, how do you prioritize tasks?
a) Prioritize tasks based on urgency and
importance.
b) Delegate tasks to others to reduce the
workload.
c) Choose tasks that are easiest to complete
first.
d) Delay decision-making until the pressure
subsides.
8. How do you ensure that your decisions are
free from personal bias?
a) Base decisions on facts and data.
b) Consult with colleagues to get diverse
perspectives.
c) Regularly undergo training on unconscious
bias.
d) Rely on intuition and gut feelings.
9. In decision making, what is the importance of
analyzing the consequences of your decisions?
a) It helps you understand the potential risks
involved.
b) It allows you to evaluate the impact on
different stakeholders.
c) It helps you identify the best alternative.
d) It ensures ethical and legal compliance.
10. What is the definition of opportunity in
entrepreneurship?
a) The value associated with the alternatives
that were not chosen.
b) The financial investment required to start a
business.
c) The potential profit that can be earned from
a business venture.
d) The time and effort spent on market
research.
11. Question: Which of the following factors
influence entrepreneurship?
a) Life-path circumstances.
b) Personal interests and skills.
 c) Economic conditions. a) At the level of Practical Decision Making
d) All of the above. b) At the level of Meaningfulness
12. What is the advantage of owning a business? c) At the level of Concept
a) Financial stability and security. d) All of the above
b) Flexibility and control over decision-making. 17. Critical thinking often relies on
c) Opportunities for personal growth and _______________ or the ability to view the
development. world in a way that does not focus on the self.
d) All of the above. a) Empathy
13. What is the process of generating project b) Rationality
ideas where in there are usually a group of six c) Open-mindedness
people who generate a number of ideas to be d) Emotional self-management
considered for dealing with the issue/problem 18. A source of idea where in an entrepreneur
a) Focus Groups needs to know what they actually wants so
b) Brainstorming that you can offer them the product or service
c) Problem Inventory Analysis accordingly.
d) Opportunity/product Analysis a) Government
14. What is one of the key factors entrepreneurs b) Research and Development
must consider when executing their business c) Consumer
strategy? d) Distribution Channel
a) Availability of resources and relationships. 19. They are also called the market
b) Market demand and competition. intermediaries, it serves as a very effective
c) Financial projections and profitability. source for new ideas as they ultimately deal
d) Personal interests and passion. with the ultimate consumer and, hence,
15. In the context of entrepreneurship better known the consumers’ want.
________________ it can be defined as an a) Government
intense positive emotion, which is usually b) Research and Development
related to entrepreneurs who are engaged in c) Consumer
meaningful ventures or task and activities. d) Distribution Channel
a) Passion 20. A principle of Brainstorming which all ideas
b) Habit are encouraged without criticism and
c) Mindset evaluation.
d) Appraisal a) Differed judgement
16. A level of thinking wherein learning to think b) Quantity breeds quality
critically also helps people deal with the much c) Piggyback concept
larger issues of living their life: d) None of the above

IDENTIFICATION: From the box below, choose the answer that best suit the description in each item.

HANDS-ON WILLIAM JAMES ZOOM LENS INTENTIONALITY SYNERGY FAST DANCING ALLIGNMENT
INTENTIONAL POSTURE ATTUNEMENT TIME COMPLEXITY

_____________________1. A state of mind directing a person’s attention toward a specific object or path in
order to achieve something.

_____________________2. The theorist who construed will as an independent faculty of the mind operating
through a person’s attention.

_____________________3. Characterized by a time horizon when one person is involved at all levels of
organizational implementation.

_____________________4. The readiness to send and receive information, influence, or meaning from other
sources.

_____________________5. Characterized by looking at the “big picture” as a response to the complexities of

entrepreneurship.

_____________________6. This is when entrepreneurs want to be “where the action is”

_____________________7. A social and organizational level of alignment which is reflected in terms such as
differentiating, controlling, persuading and changing.

_____________________8. Involves the position of the individual in relation to both his or her values, needs
and the outer world.
_____________________9. The necessity for entrepreneurs to make quick decisions in order to adjust to the
environment.

_____________________10. A configuration of parts such that all parts are contributing to a single
purpose and direction.

ESSAY: (5 POINTS)
-In your own words, explain the difference between an idea and an opportunity.

“BEFORE ANYTHING ELSE, PREPARATION IS THE KEY TO SUCCESS”

-Alexander Graham Bell