GENEL 2(PRELIM 1 quiz)

1. Which trait best represents an entrepreneur?

A) Laziness
B) Dependence on others
C) Courage and perseverance
D) Fear of failure

2. Why is mindset important in entrepreneurship?

A) It determines government policies
B) It affects how entrepreneurs view challenges and opportunities
C) It replaces business planning
D) It guarantees success

3. Which situation shows a negative entrepreneur's ego?

A) Having unrealistic optimism
B) Being open to feedback
C) Practicing teamwork
D) Accepting failure

4. Which is an example of a financial risk faced by an entrepreneur?

A) Taking a vacation
B) Saving money
C) Getting promoted
D) Using personal money for business expenses

5. Which of the following is part of the criteria of mindset?

A) Office location
B) Salary and income
C) Expectations and attitudes
D) Job title

6. "What is a mindset?"

A) set of belief
B) A person's financial status
C) A job position
D) A type of business strategy

7. What does the phrase "Don't wait for opportunity. Create it!" mean?

A) Business success is accidental
B) Opportunities only come from others
C) Entrepreneurs wait for luck
D) Entrepreneurs take initiative instead of waiting for chances

8. Always, always aware with situation. Be alert. You can pray to
God, have somebody you can trust and "keep moving forward"

A) Financial risk
B) Psychological risk
C) Risk of social life
D) Career risk

9. Who is an entrepreneur?

A) A person who avoids risks
B) A government employee
C) A person who only follow instructions
D) A person who moves forward with courage, persistence, and hard work

10. Who is a social entrepreneur?

A) A company employee
B) A business owner who uses business for a good cause
C) A government official
D) A person who avoids profit

11. Becoming a thought leader or innovator in your field.

A) Wealth Creation
B) Equity & Business Valuation
C) Industry Influence
D) Passive Income

12. Entrepreneurs who build successful businesses can generate significant personal wealth.

A) Equity & Business Valuation
B) Passive Income
C) Wealth Creation
D) Industry Influence

13. This phase is critical as it determines whether the business can scale successfully or stagnate.

A) pre-startup stage
B) early growth stage
C) startup stage
D) Mature stage

14. Once a business becomes self-sustaining, it can generate
income with minimal direct involvement.

A) Passive Income
B) Wealth Creation
C) Industry Influence
D) Equity & Business Valuation

15. cannot remain as such forever. The entrepreneur must develop it into a small business or market it grow into a mature and bigger company if he is to recoup the cost of opening a new venture and take advantage of the opportunities presented by a mature business

A) new venture
B) early growth stage
C) mature stage
D) pre-startup stage

16. Entrepreneurship involves starting and managing a business, taking risks to create value, while innovation refers to developing new ideas, products, services, or processes that solve problems in unique ways. Entrepreneurs often rely on innovation to differentiate their businesses, meet market
needs, and stay competitive.

A) Entrepreneurship
B) New Venture
C) ENTREPRENEURSHIP AND INNOVATION
D) INNOVATION

17. refers to the economic activity of a person who starts, manages and assume the risk of a business enterprise.

A) Entrepreneurshipment
B) Entrepreneurship
C) Intrepreneurship
D) Intrepreneurships

18. is when the business officially launches and begins to operate. It's an exciting and challenging phase, where the focus shifts from planning and validation to execution and early growth.

A) mature stage
B) startup stage
C) early growth stage
D) Pre-startup stage

19. is the earliest phase of launching a new venture, where an entrepreneur develops the foundation for their business idea before officially starting operations.

A) Early growth stage
B) pre-startup stage
C) mature stage
D) Startup stage

20. As it determines whether business is stable

A) pre-startup stage
B) mature stage
C) early growth stage
D) startup stage

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