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Module 1 Introduction of Entrepreneurship What I Know: Pre-Test Activity 1: Entrepreneurial Quiz1

This document provides an overview of an entrepreneurship module that includes pre-test and post-test quizzes, true/false questions, fill-in-the-blank exercises, essays, and multiple choice questions. The module defines entrepreneurship, discusses the importance of entrepreneurs, identifies qualities common to successful entrepreneurs, and describes different types of entrepreneurs including creators, builders, and operators. It also addresses career opportunities in entrepreneurship such as business consulting.

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Divina Grace Rodriguez - Librea
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1K views5 pages

Module 1 Introduction of Entrepreneurship What I Know: Pre-Test Activity 1: Entrepreneurial Quiz1

This document provides an overview of an entrepreneurship module that includes pre-test and post-test quizzes, true/false questions, fill-in-the-blank exercises, essays, and multiple choice questions. The module defines entrepreneurship, discusses the importance of entrepreneurs, identifies qualities common to successful entrepreneurs, and describes different types of entrepreneurs including creators, builders, and operators. It also addresses career opportunities in entrepreneurship such as business consulting.

Uploaded by

Divina Grace Rodriguez - Librea
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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MODULE 1 INTRODUCTION OF ENTREPRENEURSHIP

WHAT I KNOW:

Pre-test

Activity 1: Entrepreneurial Quiz1

1. B

2. A

3. C

4. C

5. C

6. B

7. C

8. B

9. C

10. C
WHAT IS IT?

Activity 2: True or False.

Which of the following statement is TRUE and which are FALSE? Write your answer in the space
provided.

1. Entrepreneur is not a risk-taker. F

2. Entrepreneur plays the role of a business leader. T

3. Entrepreneur plays the role of an innovator. T

4. Entrepreneur promotes capital formation. T

5. Entrepreneur creates large-scale employment opportunities. T

6. Entrepreneur promotes unbalanced regional development. T

7. Entrepreneur reduces concentration of economic power. F

8. Entrepreneur does not help in wealth creation and distribution. F

9. Entrepreneur contributes to the increase of gross national product. T

10. Entrepreneurial initiatives improve the general standard of living. T

WHAT OTHER ENRICHMENT ACTIVITIES CAN I ENGAGE IN?

Activity 3 CAREER AND EDUCATION

Fill in the blanks.

1. Starting your own business from scratch, buying into a franchise, creating a family-owned business,
buying an existing business, and licensing your product idea are among the career pathway in studying
entrepreneurship.

2. The first thing you need to do is to find the right business idea and get education according to it.

3. Several colleges offer traditional on-campus and online degrees in entrepreneurship including
Bachelor’s, Master’s and Doctoral degrees. Students can specialize in an area such as industrial
management, establishing new ventures and arranging finance, international business management,
strategy development, marketing, venture capital, mergers and acquisitions and technological
innovation.
3

WHAT I HAVE LEARNED?

Activity 4: Essay

1.Define Entrepreneurship.

– Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with
the view of making the profit. The person who creates a new enterprise and embraces every challenge
for its development and operation is known as an entrepreneur.

2. State the importance of entrepreneur.

– Entrepreneurship is important, as it has the ability to improve standards of living and create wealth,
not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change
with innovation, where new and improved products enable new markets to be developed.

3. Choose THREE qualities of an entrepreneur that you think best describes you. Explain.

– Determination. The successful entrepreneurs are never greatly impacted by the defeats they
encounter. For them, failure is like an opening for a success story, and hence, they try again and again
just till they get the success they are expecting.

– Strong work ethic. Entrepreneurs who are successful make sure that they are always the one who is
first to the office and the last one to leave.

– Disciplined. Successful entrepreneurs always focus their energy on making the business work, and for
eliminating the distractions or obstacles to their goals.

4. What are the different types of Entrepreneur? Explain each.3

– The Creator

•Full of enthusiasm of a specific product or idea

•Has a brilliant and creative mind and is constantly spinning with new ideas

•Often has ideas for several different types of companies.

– The Builder
•Takes a credible idea or product and builds a company around it

•Has the ability to grow the business – often a very good salesperson

•Motivates employees to push the growth of the business.

– The Operator

•Gets the company organized by putting processes and procedures in place

•Is often detail-oriented to find improvements to be made in the company

•Keeps things focused and on track with long-term growth goals in mind

Activity 1.4 Multiple choice

1. An entrepreneur is one who creates a new business in the face of risk anduncertainty, for the purpose
of achieving profit and growth by identifying opportunities and assembles the necessary resources to
capitalize on thoseopportunities.

a. True

b. False

2. Which of the following is not a characteristic of the typical entrepreneur?

a. confidence, in their ability to succeed

b. value of money over achievement

c. desire for immediate feedback

d. a future orientation4

3. Before an entrepreneur can build a successful strategy, they must establish a clear mission, goals, and
objectives to have appropriate targets at which to aim their strategy.

a. True

b. False
4. As opposed to a typical entrepreneur, it is someone who who will often come up with a single idea,
start the company, then see it through and play an important role in the day-to-day functioning of said
company.

a. Dreamer

b. Real Deal

c. All talk no work

d. Serial

5. Which career opportunities in entrepreneurship provides advise with business issues.

a. Sales

b. Research and Development

c. Business Consultant

5What I Know: POST-TEST

1. B

2. A

3. C

4. C

5. C

6. B

7. C

8. B

9. C

10. C

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