Long Quiz

for
Midterm Coverage

Entrepreneurial
Mind
 Instructions
NO DELETION OF ANSWERS

I
(use Correction Tape)

Identification: 1-30

Enumeration: 31-70

True or False: 71-80

Essay: 80-100

Every Part of the Test you will

start number 1.
2
Long Quiz for Midterm Coverage
 Identification Part 1
1. _________ refers to the pattern of characteristics that
distinguishes one person from another.
2. _________ defined as the economic opportunity which is
within the reach of the entrepreneur, and which will
provide him with a desirable value.
3. _________ is an ethical framework in which a person
works and cooperates with other people and
organizations for the benefit of the community.
.
Long Quiz for Final Coverage 3
 Identification Part 1
4. _________ a business which functions on a small-scale
level involves less capital investment, a smaller number
of labor and fewer machines to operate.
5. _________ refers to the process of creating and
managing a new business venture to achieve financial
success and make a positive impact on society.
6. _________ is the study of moral obligation involving
the distinction between right and wrong.
Long Quiz for Final Coverage 4
 Identification Part 1
7. _________ The manufacturer buys the raw materials. He
makes the raw materials to finished products by applying
direct labor and factory overhead.
8. _________ is someone who takes the initiative to create a new
business venture and a person who starts and or operates a
business.
9. ________ is a formal document indicating the
entrepreneurship’s adapted principles of appropriate behavior.

Long Quiz for Final Coverage 5

 Identification Part 1
10. _________ a person whose diminutive stature did not
prevent him from establishing his own business, LA.C.
Footwear.
11. _________ refers to the activities of persons or
establishments which sell to retailers and other merchants
and or to industrial, institutional and commercial users.
12. ________ (also alternatively called the trustee) emphasizes
the efficient utilization of resources.

Long Quiz for Final Coverage 6

 Identification Part 1
13. _________ who founded Amazon.com, an online shopping
site, was extremely bright as a child.
14. _________ is an overarching term describing various
forms of construction projects such as design, build, and
remodel.
15. ________ The study and examination of moral and social
responsibility in relation to business practice and decision
making in business.

Long Quiz for Final Coverage 7

 Identification Part 1
16. _________ type of an entrepreneur that are those skeptical.
They don’t initiate but follow only after they are satisfied.
17. _________ the right of a consumer that what kind of
products and services they need and intend to purchase.
18. ________ is a financial record summarizing a first planned
or expected financial performance in terms of revenues,
expenses, and profits over a given time period.

Long Quiz for Final Coverage 8

 Identification Part 1
19. _________ type of an entrepreneur who initiate changes in
the various fields such as education, health, human rights,
environment and enterprise development.
20. _________ is the ability to recognize, interpret and act
upon multiple principles and values according to the
standards within a given field and/or context.
21. ________ shows the planned or expected financial position
of the enterprise on a particular date.
Long Quiz for Final Coverage 9
 Identification Part 1
22. _________ it covers all activities involved in the sale of
goods and/or services to the final consumers.
23. _________ a type of approach that used to value a
business based on the difference between the fair
market value of its assets and its liabilities.
24. ________what factor affecting entrepreneurship that
which include political, climate, legal system, economic
and social conditions and market situations.
Long Quiz for Final Coverage 10
 Identification Part 1
25. _______ they are company personnel who are exposed to
activities that are ethically charged and must be provided
with sufficient training in ethics.
26. ______ a final selection listing means that all business
ideas listed passed the adapted criteria.
27. _______ the owner is also the manager of the business.

Long Quiz for Final Coverage 11

 Identification Part 1
28. _______ it is how a company performs tasks for the benefit of
their customers. These tasks can include transportation,
cleaning, and traveling.
29. ______ a final selection that means some of the ideas
generated were eliminated.
30. _______ a criteria in screening generated ideas which means
that there must be some positive indication about stable and
sufficient demand and potential competitive strength of the
firm.
Long Quiz for Final Coverage 12
 Enumeration Part 2
1. Four (4) Good ethical conduct requires entrepreneurs to be
aware of their responsibilities to employees.

2. Four (4) Criteria use of Business ideas under Screening

generated Ideas

3. Six (6) Personality types

4. Five (5) Kinds of Services

5. Five (5) Characteristics of Entrepreneurs

Long Quiz for Midterm Coverage 13
 Enumeration Part 2
6. Four (4) Organizational Culture and Creativity

7. Four (4) Rights of Consumers

8. Two (2) Business Ideas under Deliberate Search

9. Three (3) Motivation to become entrepreneur

10.Three(3) Preparation of projected financial statements

Long Quiz for Midterm Coverage 14

 True/False Part 3
Write true if the sentence is correct. Write False if the sentence is
wrong and give the correct answer.
1. The right to be safe The ethical entrepreneur is one who makes
sure that the workplace is safe for employees.
2. Entrepreneurship can’t improve the life of the entrepreneur
only.
3. Profit is a result of the financial feasibility of the business idea.

Long Quiz for Midterm Coverage 15

 True/False Part 3
Write true if the sentence is correct. Write False if the sentence is
wrong and give the correct answer.
4. The greatest significance of entrepreneurship is to help
identify and develop the managerial capabilities of
entrepreneurs.
5. The Right to Be Informed A customers have the right to
communicate their concerns to entrepreneurships they
patronize.

Long Quiz for Midterm Coverage 16

 Essay Part 4

1. How important are small businesses to our economy?

2. Why is the environmental considered to be a factor in

the success or failure of entrepreneurship?

Long Quiz for Midterm Coverage 17

THANK YOU!!!