- 1. is about having the grit to continue the
business despite obstacles.
A) moving forward
B) mastery
C) none of these
- 2. Jack innovate a unique product which is never seen in a market, which of the following gate model belong?
A) Preparation gate
B) marketing gate
C) Execution gate
- 3. Scanning the environment to detect and interpret what is happening today in order to connect and take action on potential future outcomes.
A) adaptability
B) risk appetite
C) Sense making
- 4. how many competencies of innovator?
A) 6
B) 5
C) 4
- 5. He or she has capacity to think and reason.
A) Marketing
B) Mentors
C) intelligence quotient
- 6. It is a kind of big picture plan to generate sales revenue, profit cash flow, growth and how to scale up.
A) Money
B) Model
C) Mentors
- 7. partnership is compose of Minimum Of and Maximum of 5.
A) 3
B) 2
C) 7
- 8. Sardines factory is example of what kind of business?
A) Manufacturing
B) Collaboration
C) Service
A) Owner
B) Employee
C) Business managers
- 10. Barra is a chief of a Coffee Shop, He is one of the owners of that shop but he didn't share any capital in that shop. What type of Partnership is this?
A) General partnership
B) Industrial partnership
C) Limited partnership
- 11. Entrepreneur needs for different task of competencies, except;
A) None of these
B) Mentors
C) Moneys
D) Message
- 12. He/she has capacity to sense and empathize.
A) Intellectual quotient
B) Emotional quotient
C) Creative quotient
- 13. Competencies are the combination of
A) strengths and weaknesses
B) Skills and ability
C) Mind and knowledge
- 14. Entrepreneur needs four different types of commitment, except;
A) Money
B) Mentors
C) Moving forward
D) Mindset
- 15. partnership in which partners share equally in both responsibility and liability, both have a right in management and decision making.
A) Limited partnership
B) Unlimited partnership
C) General partnership
- 16. is about building capabilities knowing the nuts and bolts wells, and eliminating gaps in the know-how.
A) mastery
B) Adaptability
C) Mentors
- 17. is the brand positioning that will be
communicated to persuade the target customers to buy.
A) Money
B) message
C) Mentors
- 18. are about system and processes that allow the entrepreneur information and control.
A) Money
B) methods
C) Mission
- 19. As a Sole proprietor of business owner, he/she is responsible for all debts.
A) unlimited liability
B) Ability
C) Limited liability
- 20. He/ she has a capacity to innovate.
A) Emotional quotient
B) creativity quotient
C) Critical quotient
- 21. Entrepreneurs needs four different task of coordination, except;
A) mastery
B) Mission
C) Vision
- 22. Persistency to attain long term goals despite adversity.
A) Adaptability
B) Creative
C) grit
- 23. Sees rewards for taking on opportunities that have potential positive (or negative) consequences.
A) Grit
B) Adaptability
C) risk appetite
- 24. The entrepreneur needs to get things done for the business through other people and this requires reasonable emotional quotient.
A) Marketing gate
B) Preparation gate
C) execution gate
- 25. Sari sari store is example of what kind of business?
A) Manufacturing
B) services
C) Merchandising
- 26. He/She has commitment to maximize return on investment.
A) money
B) Grit
C) Mentors
- 27. He/she is adviser who can add value to the entrepreneur by giving sound guidance to increase the competency.
A) Model
B) Money
C) mentors
- 28. It is having a combination of ability, attitude and behavior to do a particular role.
A) Coordination
B) competency
C) Partners
- 29. Susan was failed from her 1st business, but she never stop to put- up another again. which of the following gate model belong?
A) Execution gate
B) self leadership
C) Preparation gate
- 30. Which of the following is not an example of 4 gate model to prosperity?
A) Execution gate
B) Marketing gate
C) none of these
D) Operation gate
- 31. Being proactive in taking prompt action to attain objectives.
A) initiative
B) Mentors
C) Grit
- 32. is the set of buyers that an
entrepreneur focuses attention on target market.
A) Market
B) message
C) Mentors
- 33. Sometimes called people skills or motivational level.
A) Mind
B) Money
C) abilities
- 34. Sometimes called technical skills like knowledge and expertise.
A) Behavior
B) Mind
C) Money
- 35. how many kinds of business firm?
A) 2
B) 4
C) 5
- 36. He/she has a capacity to recover and move on
A) adversity quotient
B) Creative quotient
C) Emotional quotient
- 37. Developing relationships with the right partners to attain objectives.
A) Partnership
B) collaboration
C) Coordination
- 38. Adjusting to external changes while initiating internal changes to attain objectives.
A) adaptability
B) Grit
C) Ability
- 39. He/she has commitment to create an effective organization.
A) Money
B) Mentors
C) Machinery
- 40. is about an organization structure that can deliver the value planned.
A) Machinery
B) Management skills
C) Methods
- 41. have a high adversity quotient in order to stand up each time failure.
A) Machinery
B) Preparation
C) self-leadership
- 42. It is the organization of the different people.
A) Corporation
B) coordination
C) Collaboration
- 43. owned and controlled by members, joint stock means members and shareholders, everything is determined by portion of shares.
A) Partnership
B) Sole partnership
C) By laws
- 44. Engaging constituent to make them understand and accept your message.
A) communication
B) Adversity Quotient
C) Adaptability
- 45. Alex purchase an equipment that as a good quality for his business, which of the following gate model belong?
A) Execution gate
B) Preparation gate
C) Marketing gate
- 46. forming a mental or new idea about the future.
A) Adversity Quotient
B) Influencers
C) Creativity
- 47. offering unique ways t solve defined problems.
A) Adversity Quotient
B) Influence
C) Critical Thinking
- 48. ability to use a personal branding interpersonal stayles to gain buy-in constituents.
A) Influence
B) Mission
C) Adversity Quotient
- 49. •is needed when problems and obstacles a experience because of the nature of entrepreneurship, where risk and uncertainty are expected.
A) Marketing
B) Adversity Quotient
C) Mission
- 50. is about the purpose or the reason why the business exist beyond making profit.
A) Vision
B) Marketing
C) Mission
- 51. is a strong drive to achieve goals and objectives through focus and pro-active follow-through.
A) Commitment
B) Mastery
C) Coordination
- 52. Is a type of business operation engaged in rendering of services.
A) Manufacturing
B) Service
C) Commerce
- 53. Goods produced are those which may be intended for ultimate consumption and which are called consumer's goods,
A) Commerce
B) Industry
C) Service
- 54. Is any lawful economics activity concerned with the production and /or distribution of goods or services for profit.
A) Partnership
B) Sole or single proprietorship
C) Business
- 55. Business firm which are engaged in the buying and selling of goods and services are classified as those falling under commerce
A) Service
B) Business
C) Trading/Merchandising ( Commerce)
- 56. Is an artificial being created by laws and is legal entity separate and distinct from its owners
A) Sole or single proprietorship
B) Corporation (shareholders)
C) Proprietorship (Proprietor )
- 57. A corporation is also owned by more than one individual.
A) Shareholders
B) Corporation
C) Stakeholders
- 58. Is a business that is owned by only one individual. It is the most common and simplest form of a business organization.
A) Proprietorship (Proprietor )
B) Partnership
C) Sole or single proprietorship
- 59. •Is a business owned by a single person who has complete control over business decision.
A) Proprietorship (Proprietor )
B) Partnership (Partners)
C) Sole or single proprietorship
- 60. Is a legal arrangement in which two or more persons agree to contribute capital.
A) Particularly
B) Partnership (Partners)
C) Legal partnerships
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