Entrepreneurship Examination

Grade 12 – 50 Multiple Choice Questions

Directions: Read each question carefully and choose the letter of the best answer.

1. What is entrepreneurship?

A. Working for a company to receive a salary

B. Developing a business venture to make a profit
C. Managing only government-owned businesses
D. Selling products without taking risks

2. Entrepreneurship mainly involves ________.

A. avoiding business opportunities

B. identifying opportunities and managing risks
C. waiting for customers to come
D. copying existing businesses only

3. What is the main difference between an entrepreneur and a

businessman?

A. Entrepreneurs work only online.

B. Businessmen never earn profits.
C. Entrepreneurs create new businesses, while businessmen manage existing ones.
D. Businessmen are always richer than entrepreneurs.

4. According to the presentation, who is an example of an

entrepreneur?

A. Henry Sy
B. Elon Musk
C. Mark Zuckerberg
D. Tony Caktiong

5. Who is presented as an example of a businessman?

A. Steve Jobs
B. Henry Sy
C. Bill Gates
D. Mark Zuckerberg
6. Which is an economic benefit of entrepreneurship?

A. Reduces employment
B. Creates more jobs
C. Increases monopoly
D. Reduces innovation

7. Entrepreneurship improves the economy by ________.

A. reducing business activities

B. increasing imports only
C. amplifying economic activities in different sectors
D. discouraging investments

8. Entrepreneurs introduce ________.

A. fewer products
B. innovative products and services
C. outdated ideas
D. government regulations

9. Entrepreneurship improves people's living standards by

providing ________.

A. unnecessary products
B. essential goods and services
C. free education
D. lower taxes

10. Entrepreneurship creates equality by ________.

A. increasing monopolies
B. distributing income to more businesses
C. reducing competition
D. limiting investments

11. Entrepreneurship helps regional development by ________.

A. ignoring local resources

B. using local resources wisely
C. increasing imports
D. closing small businesses
12. Entrepreneurship reduces social conflicts because it ________.

A. limits production
B. creates shortages
C. provides goods and services for communities
D. increases prices

13. Entrepreneurship promotes economic independence by

________.

A. borrowing wealth
B. creating wealth
C. avoiding investments
D. depending on other countries

14. The word "entrepreneur" originated from which language?

A. Spanish
B. English
C. French
D. Italian

15. The French word "entre" means ________.

A. to build
B. between
C. to sell
D. to create

16. An entrepreneur expects returns only after ________.

A. receiving a salary
B. creating value from an opportunity
C. borrowing money
D. finding employees

17. Leadership is considered the ________ of every entrepreneur.

A. weakness
B. responsibility
C. core
D. reward
18. Being perceptive means ________.

A. copying competitors
B. quickly noticing opportunities
C. avoiding risks
D. following instructions

19. Which ethical principle means doing the right thing even when
no one is watching?

A. Fairness
B. Integrity
C. Respect
D. Transparency

20. Taking responsibility for business decisions refers to ________.

A. Innovation
B. Accountability
C. Customer Focus
D. Compliance

21. Treating everyone fairly without discrimination is called

________.

A. Respect
B. Fairness
C. Integrity
D. Transparency

22. Providing truthful information about products and services

demonstrates ________.

A. Transparency
B. Innovation
C. Accountability
D. Leadership

23. Which principle encourages businesses to contribute to

society?

A. Social Responsibility
B. Profit Maximization
C. Competition
D. Advertising

24. Minimizing harm to the environment is known as ________.

A. Environmental Responsibility
B. Customer Focus
C. Accountability
D. Leadership

25. Following laws and regulations is called ________.

A. Integrity
B. Compliance with Laws
C. Transparency
D. Fairness

26. Which entrepreneurial level depends mainly on the owner's

personal effort?

A. Investor
B. Leader
C. Self-employed
D. True Entrepreneur

27. At which level does the entrepreneur begin hiring employees?

A. Self-employed
B. Manager
C. Investor
D. True Entrepreneur

28. Which entrepreneurial level focuses on inspiring people with

minimal supervision?

A. Leader
B. Investor
C. Self-employed
D. Employee
29. Entrepreneurs at the investor level mainly ________.

A. perform all daily tasks

B. delegate operations to managers
C. work alone
D. avoid expansion

30. A True Entrepreneur aims for ________.

A. shortcuts
B. quality and excellence
C. fewer customers
D. fewer employees

31. What is the first step in the four-step thinking process?

A. Visualization
B. Verbalization
C. Materialization
D. Idealization

32. Which step involves creating plans to achieve a dream?

A. Visualization
B. Verbalization
C. Materialization
D. Innovation

33. Sharing business ideas with others is called ________.

A. Visualization
B. Materialization
C. Verbalization
D. Idealization

34. Materialization happens when ________.

A. ideas are forgotten

B. the vision becomes reality
C. the entrepreneur resigns
D. customers disappear
35. A technopreneur focuses mainly on ________.

A. farming
B. technology
C. politics
D. education

36. A social entrepreneur primarily aims to ________.

A. maximize profit only

B. solve social problems
C. avoid communities
D. reduce employment

37. An intrapreneur works ________.

A. independently
B. within a large company
C. only online
D. only overseas

38. An extrapreneur helps ________.

A. one company only

B. multiple organizations improve
C. only family businesses
D. only government agencies

39. Innovative entrepreneurs are known for ________.

A. copying ideas
B. creating new ideas and products
C. avoiding technology
D. refusing change

40. Imitating entrepreneurs ________.

A. invent completely new ideas

B. improve existing business ideas
C. avoid competition
D. refuse innovation
41. Fabian entrepreneurs are characterized by ________.

A. taking immediate risks

B. waiting until ideas are proven successful
C. refusing all changes
D. creating technology

42. Drone entrepreneurs ________.

A. embrace innovation
B. resist change
C. start many businesses
D. solve social issues

43. A serial entrepreneur ________.

A. starts multiple businesses

B. manages one company for life
C. works only for corporations
D. avoids new ventures

44. Trading entrepreneurs mainly focus on ________.

A. manufacturing only
B. buying and selling goods
C. farming
D. consulting

45. Retail businesses sell products ________.

A. in bulk to retailers
B. directly to consumers
C. only online
D. only to manufacturers

46. Wholesale businesses sell products mainly to ________.

A. consumers
B. tourists
C. retailers and businesses
D. students
47. Which career factor gives entrepreneurs the opportunity for
unlimited income?

A. Fixed salary
B. Passive income from successful businesses
C. Daily wages
D. Government allowance

48. Employees generally receive income ________.

A. only when the business profits

B. through passive investments
C. based on working hours or a fixed salary
D. from multiple businesses

49. Entrepreneurs can usually enjoy flexible vacations only when

________.

A. they are newly starting

B. the business has stabilized
C. they have no employees
D. they work alone

50. Which statement best describes entrepreneurship?

A. It eliminates all risks.

B. It creates opportunities, innovation, and economic growth.
C. It guarantees success.
D. It only benefits business owners.

Answer Key
No Answ No Answ
. er . er

1 B 26 C

2 B 27 B

3 C 28 A

4 C 29 B
No Answ No Answ
. er . er

5 B 30 B

6 B 31 D

7 C 32 A

8 B 33 C

9 B 34 B

10 B 35 B

11 B 36 B

12 C 37 B

13 B 38 B

14 C 39 B

15 B 40 B

16 B 41 B

17 C 42 B

18 B 43 A

19 B 44 B

20 B 45 B

21 B 46 C

22 A 47 B

23 A 48 C

24 A 49 B

25 B 50 B