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- 1. Multiple Choice
Outsourcing allows companies to focus on what they do best.
True
False
- 2. Multiple Choice
Intrapreneurship refers to the entrepreneurial spirit and focus being applied within a large organization.
True
False
- 3. Multiple Choice
What are the sources of entrepreneurial motivation?
Intrinsic
Extrinsic
Intrinsic and extrinsic
None of the above
- 4. Multiple Choice
Identifying business opportunities could be considered to be a linear process.
True
False
- 5. Multiple Choice
The number one characteristic shared by successful entrepreneurs is creativity.
True
False
- 6. Multiple Choice
Entrepreneurs have a natural tendency to predict lower sales and higher costs than are realistic.
True
False
- 7. Multiple Choice
Which of the following represent stages in creative problem solving?
Preparation, incubation, insight, evaluation, elaboration
Preparation, insight, evaluation, and elaboration
Preparation, evaluation and profit-making
- 8. Multiple Choice
A business started by more than one person has a greater chance of failure than sole proprietorships.
True
False
- 9. Multiple Choice
An entrepreneur is someone who assumes the major risks of a new business by committing which of the following?
Equity
Time
Career
All of the above
- 10. Multiple Choice
The period of business when an entrepreneur must position the venture in a market and make necessary adjustments to assure survival is called the:
pre-startup stage
start-up stage
early growth stage
later growth stage
- 11. Multiple Choice
Which of the following is a reason why a person might prefer to purchase a franchise rather than open a completely new business?
higher failure rate
increased independence
ability to benefit from previous experience
reduced royalty fees
- 12. Multiple Choice
Which environmental force pertains most to a trend such as the continual increase in the use of cell phones?
Political
Economic
Social
- 13. Multiple Choice
Startups managed by people without prior management experience have a greater chance of failure than those experienced with management.
True
False
- 14. Multiple Choice
Social entrepreneurship is different to social enterprise because...
It is an individual rather than collective activity.
Social enterprises sometimes rely on a variety of income streams.
Not all social enterprises are entrepreneurial.
All of the above
- 15. Multiple Choice
_____ is the process of generating a novel or useful idea.
Serendipity
Opportunity
Intuition
Creativity
- 16. Multiple Choice
Penshoppe
Bernie Liu
Bryan Tiu
Les Reyes
- 17. Multiple Choice
Andok’s
Soccoro Ramos
Eduardo Reyes
Sandy Javier
- 18. Multiple Choice
Lamoiyan Corp. (Hapee toothpaste)
Emilio Yap
Felipe Gozon
Cecilio Kwok Pedro
- 19. Multiple Choice
RFM (Selecta Ice Cream, Swift Hotdogs, etc)
John Gokongwei
Jose Concepcion
Lucio Tan
- 20. Multiple Choice
Phoenix Petroleum
Dennis Uy
Earl Martin Valencia
Benjie Yap
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