Entrep Behav 101 Midterm Exam

I. Matching Type
Directions:  Column A lists the characteristics of a successful entrepreneur.  Draw a line from the items in Column A that connects the correct  definition of terms listed in Column B.

Column A

Column B

1.    Hardworking 2.    Self-confident 3.    Profit-Oriented 4.    Goal-Oriented 5.    Persistent 6.    Responds to feedback 7.    Willing to listen 8.    Committed 9.    Reliable and has integrity 10. Risk-taker

a.    Ability to set realistic targets. b.    Interest in money generation. c.    To succeed, one must believe in one’s self. d.    Working diligently and industriously. e.    Being able to listen to the advice of others. f.     Obtaining useful feedback and advice from others. g.    Being patient and strives to achieve the goal. h.    Ability to take measured or calculated risks. i.      Being honest, fair and trustworthy. j.      A major priority in the entrepreneur’s life.

II.   Multiple Choice. 

Directions: Read and study the situation that describes the entrepreneurial characteristics or attributes.  Answer the question by encircling the letter of your choice.

Mrs. Gina Magno opens up her own retail business. She knows that her personal entrepreneurial characteristics are insufficient to ensure a successful operationalization of a business that she has in mind. Your answers to the questions below will help in developing her entrepreneurial qualities.

1.    Whamust she possess if there are customers who complain about the quality of her product?

a.    Patience

b.    Hardworking

c.    Versatile

d.    All of the above

2.     Which of the following is NOT considered as a characteristic of an entrepreneur?

a.    Copes with failure

b.    Dependent

c.    Persistent

d.    Opportunity seeker

3.     If she wants to ensure a profitable business operation, what characteristic will she maintain?

a.    Commitment

b.    Goal oriented

c.    Futuristic

d.    Opportunity seeker

4.     Mrs. Magno follows the advice of a friend to be flexible especially if she intends to open a retail business.  What characteristic has been demonstrated by Mrs.Magno? 

a.    Self- confidence

b.    Reliable and has integrity

c.    Open to feedback

d.    Persistent

5.    She tells Mary, her best friend that she has a strong will and does not give up to find a solution to a business problem.  What characteristic has been demonstrated by Mrs. Magno?

a.    Hard work

b.    Persistence

c.    Self-confidence

d.    Risk- taking

A.     Matching Type

1.d                                        6.   f

2.c                                        7.  e

3.b                                        8.   j

4.a                                        9.   i

5.g                                        10. h

B.    Multiple Choice

                 1. a

               2.b

                 3.d

4.    c

5.    b

III.          IDENTIFICATION

1-15. Identify the names of the entrepreneurs that will be shown in the pictures by your teacher

IV. SHORT ANSWER

1. Find a passage in the Bible that teach about Business specifically: Choose 5.

a. Diligence

b. Fidelity

c. Honesty

d. Skills

e. Integrity

f. Budgeting

g. Management

h. Debt

i. Quick Money

i. Customer Service

k. investing

2. Do we need the bible to get rich/succeed in business?

3. Give examples of the following negotiation situation:

a. Win win b. Lose-win c.Lose lose