Questions and Answers
Entrepreneur means 'to undertake.'
True
Entrepreneurship is a process of actions of an entrepreneur who is always in search of opportunities.
True
The greatest significance of entrepreneurship is to help identify and develop the managerial capabilities of entrepreneurs.
True
Entrepreneurship will lead to the creation of organizations.
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Entrepreneurship can improve the life of the entrepreneur only.
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Coward people will become successful entrepreneurs.
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An entrepreneur is a 'Risk Taker.'
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Entrepreneurship is not an economic activity.
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Entrepreneurs are innovative.
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Profit potential is the compensation of the entrepreneur.
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An entrepreneur can become a business consultant.
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An entrepreneur can also become a salesman.
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An entrepreneur can also be a researcher.
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Entrepreneurship graduates can become business reporters.
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What does entrepreneurship entail?
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The entrepreneur could easily see the results of his efforts.
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An entrepreneur who primarily creates new things by thinking of new ideas is called an ______.
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The entrepreneurs who live off the labor of others are referred to as ______.
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Those who do not create new things but imitate others are called ______.
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Those who drive social innovation and transformation are known as ______.
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Entrepreneurs who are skeptical about changes made in the organization are known as ______.
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Name one career opportunity for entrepreneurship graduates.
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Study Notes
Introduction to Entrepreneurship
- "Entrepreneur" originates from the French verb "entreprendre," meaning "to undertake."
- Entrepreneurship involves taking risks to create and manage enterprises.
- Key significance includes developing managerial skills, creating organizations, and improving individual living standards.
Relevance of Entrepreneurship to an Organization
- Development of managerial capabilities enhances an entrepreneur's skill set.
- Entrepreneurship leads to the formation of various organizations.
- It plays a crucial role in enhancing the economic status of individuals and contributing to community development.
Factors Affecting Entrepreneurship
- Personality traits strongly influence entrepreneurial success:
- Initiative: Taking action without prompting.
- Proactive: Identifying and seizing opportunities.
- Problem Solver: Effectively resolving challenges.
- Perseverance: Committing to goals despite obstacles.
- Persuasion: Convincing others to adopt ideas or make purchases.
- Planning: Formulating clear strategies before implementation.
Types of Entrepreneurs
- Innovative Entrepreneurs: Create new ideas and solutions; embrace change.
- Imitating Entrepreneurs: Follow existing ideas without innovation.
- Fabian Entrepreneurs: Hesitant to change; prefer to wait until assured of the outcome.
- Drone Entrepreneurs: Rely on others' efforts; resistant to change.
- Social Entrepreneurs: Drive social change and innovation across sectors like education and health.
Career Opportunities in Entrepreneurship
- Business Consultant: Provide expert advice to businesses and startups.
- Teacher: Educate others about entrepreneurship principles.
- Researcher: Conduct studies to support enterprise growth.
- Sales: Utilize entrepreneurial knowledge in sales positions.
- Business Reporter: Communicate insights and trends in the entrepreneurship field.
Self-Assessment for Entrepreneurial Qualities
- Entrepreneurs are characterized as doers rather than dreamers, emphasizing action and practical execution.
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Description
This pre-test is designed for senior high school students at St. John Paul II College of Davao. It covers essential topics in entrepreneurship, including market recognition, research, and the 7 P's of marketing. Assess your understanding of these concepts with True or False questions.
