Entrepreneurial Behavior Prelims

Entrepreneurial Behavior

Preliminary Exam

Name: ___________________________________   Date:    ____________

Year and Course: __________________________   Score:  ____________

WARNING: CORRECT MINUS ¼ OF YOUR WRONG ANSWERS. NOT FOLLOWING INSTRUCTIONS WRONG.

I. TRUE/FALSE. Write T if the idea presented in each statement is correct and F if it is not on the space provided. Each question is worth 1 point. NO ERASURES OF ANY KIND. USE BALLPEN OF ANY COLOR. (5 points)

1.     Entrepreneurial process involves all the functions, activities and actions associated with perceiving opportunities and creating organizations to pursue them.

2.     Government Policies is a pull factor in the entrepreneurial decision process.

3.     Ben Chan is the CEO of Suyen Corporation.

4.     “Looking back, the day that I got fired was the best day of my life” is a pull factor in the entrepreneurial decision process.

5.     Entrepreneurs are comfortable in paradoxical situations.

           

II. MULTIPLE CHOICE. In this part only, Encircle the letter that corresponds with the best answer. Each question is worth 1 point. NO ERASURES OF ANY KIND. USE BALLPEN OF ANY COLOR.  (5 points)

1. Success begets success is a belief of an entrepreneur that can be best describe as?

a)     innovative

b)    decision maker

c)     tender

d)    positive thinker

e)     all of the above

2. What do you call one who bears uncertainty, buy labor and materials and sell products at uncertain prices?

a)     Businessman

b)    Corporators

c)     Entrepreneurs

d)    Managers

e)     Both b and c

3. When an entrepreneur find ways to make new products or services, new methods of production, new markets and new sources of raw materials. This best describes that entrepreneurs are?

a)     Decision Maker

b)    Hardworking

c)     Innovative

d)    Positive Thinker

e)     Creative

4.  If an entrepreneur has the ability to learn, he does the following pertinent activities EXCEPT?

a)     When the business is still small, he does everything

b)    He send workers for training

c)     He attended related seminars

d)    Acquire basic training in small business

e)     Both b and c

5. The characteristic of an entrepreneur that enables him to be unmindful of his social status and finds pride in doing hands on work with the workers is:

a)     creative

b)    happy

c)     helpful

d)    humble

e)     none of the above

III. COMPLETION. Fill up the missing word/s on the blank to complete the sentence. Each item is worth 1 point.

NO ERASURES OF ANY KIND. USE BALLPEN OF ANY COLOR. (4 points)

1.     An example of high business risk is ________________________________________________________.

2.     An example of a lose-win approach in negotiation is ______________________________________________

3.     An example of pakikipagkapwa tao of an entrepreneur is ________________________________________________

4.     An example of intrapreneurship is __________________________________________________________________

IV. IDENTIFICATION. The ideas presented in the sentence are MYTHSABOUT ENTREPRENEURS. Rewrite the sentence on the space provided so that the idea becomes REALITY ABOUT ENTREPRENEUR (4 points)

1.     Entrepreneurs rip people off.

2.     Entrepreneurs use formal traditional business approaches such as market research etc.

__________________________________________________________________________________________

V. MATCHING TYPE. (10 points)

Identify the Personal Mastery being described by the sentence by writing the letter.

A-    To Think       D- To Do                                G- To Be

B-    To Intuit        E- To Communicate

C-    To Feel          F- To Lead

______1. Use of the memory.

______2. Use of gut feel.

______3. Emotional Self Awareness

______4. Creating a business plan.

______5. Replacing an empty mind with an open one.

Identify if the idea being described in the sentence is an Entrepreneur by writing A or  Manager, by writing B.

_______1. Short Term Oriented

_______2. Long Term Oriented

_______3. Low Risk Taker, tries to avoid mistakes

_______4. External Standards, Oriented towards rewards and punishments in the organizations

_______5. Internal Standards, rewards himself or herself

VI. ESSAY/SHORT ANSWER.  You can use the back part of the sheet for your answers. NO ERASURES OF ANY KIND. USE BALLPEN OF ANY COLOR.

1. Name 8 entrepreneur featured in the youtube video Entrepreneur State of Mind: New Dork. (8 points)

2. Name 5 advantages of entrepreneurship according of importance/relevance. The item ranked 1 is the most important to you and 5 is the least important to you. Write a short paragraph explaining your rankings. (5 points)

3. Create a schematic diagram that will answer the question:  “What is the difference between an Entrepreneur, Inventor, Promoter and Manager in terms of:

a. Level of creativity and innovativeness

b. General Management Skills/Business Know How (5 points)

4. Describe in one sentence only the following types of Entrepreneurs (14 points)

a.     Idealist

b.     Optimizers

c.     Hard Workers

d.     Sustainers

e.     Improver

f.      Advisor

g.     Superstar

h.     Artiste

i.      Visionary

j.      Analyst

k.     Fireball

l.      Jugglers

m.    Hero

n.     Healer