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Assessment (W-4) : DIRECTION: Read The Statement With Understanding. Encircle The Letter of The Correct Answer

1. The document is an assessment test with multiple choice questions about entrepreneurship opportunities. 2. The questions cover topics like opportunity seeking, screening, sources of opportunities, entrepreneurial mindsets, intuition, passions, societal forces, industry forces, buyers, competitors, substitution threats, and sources of entrepreneurial ideas. 3. The correct answers to the questions would help assess the test-taker's understanding of key concepts about identifying, evaluating, and pursuing advantageous market opportunities.

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Villanueva Ayumi
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324 views2 pages

Assessment (W-4) : DIRECTION: Read The Statement With Understanding. Encircle The Letter of The Correct Answer

1. The document is an assessment test with multiple choice questions about entrepreneurship opportunities. 2. The questions cover topics like opportunity seeking, screening, sources of opportunities, entrepreneurial mindsets, intuition, passions, societal forces, industry forces, buyers, competitors, substitution threats, and sources of entrepreneurial ideas. 3. The correct answers to the questions would help assess the test-taker's understanding of key concepts about identifying, evaluating, and pursuing advantageous market opportunities.

Uploaded by

Villanueva Ayumi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ASSESSMENT (W-4)

DIRECTION: Read the statement with understanding. Encircle the letter of the correct answer.
1. It is the process of considering, evaluating, and pursuing market-based activities that are believed to be
advantageous for the firm.
A. Opportunity seeking C. Opportunity screening
B. Opportunity seizing D. Sources of opportunity
2. This is essential to opportunity seeking which allows the entrepreneur to see things in a positive and
optimistic light in the midst of crisis or difficult situations.
A. Entrepreneurial mind frame C. Entrepreneurial heart flame
B. Entrepreneurial gut game D. Entrepreneurial heart frame
3. It is the ability of entrepreneur that can sense without using the five senses, also known as intuition.
A. Entrepreneurial mind frame C. Entrepreneurial heart flame
B. Entrepreneurial gut game D. Entrepreneurial heart frame
4. One of the essentials of entrepreneur’s opportunity seeking that refers to the driven passion of an
individual.
A. Entrepreneurial mind frame C. Entrepreneurial heart flame
B. Entrepreneurial gut game D. Entrepreneurial heart frame
5. What variable of societal environment includes income level and employment rate?
A. Economic forces C. Political forces
B. Sociocultural forces D. Technological forces
For questions 6 and 7 refer to the following statements:
A. Preferences and tastes of the customers easily change.
B. The buyer has the potential for backward integration.
C. The cost of switching the supplier cost is minimal.
D. Product differentiation is highly noticeable.
6. Which are the factors of the substitute product that pose a great threat in the industry environment?
A. A, B, C, D C. A and D
B. A and C D. B and C
7. Which are the factors that influenced the buyer to have a less threats because of the bargaining
power?
A. A only C. A and D
B. A and C D. B and C
8. They are the one that pays cash in exchange to your goods and services.
A. Buyers C. Sellers
B. Competitors D. Suppliers
9. The intensity of rivalry among existing firms is characterized to the following factors except one:
A. Diversity of rivals.
B. Number of competing firms.
C. Characteristics of the products or services.
D. The product represents a high percentage of the buyer’s cost.
10. The following are the forces competing within the industry except one:
A. Potential new entrants and Substitute Products
B. Buyers and Suppliers
C. Rivalry among existing firms
D. Needs and Wants
11. Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and
preferences of people.
A. Changes in the environment C. People’s interest
B. Technological discovery D. Past experiences
12. Societal environment includes the following, except:
A. Economic forces C. Political forces
B. Sociocultural forces D. Natural resources
13. Which among the following is the result of identifying entrepreneurial opportunities?
A. Creation of entrepreneurial ideas C. Sources of opportunity
B. Opening of entrepreneurial venture D. Entrepreneurial process

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14. What entrepreneurial idea will you recognized, if you consider the new discovery and advancement of
technology as source of opportunity?
A. Changes in the environment B. Technological discovery and advancement
C. Government’s thrust, programs, and policies D. People’s interest
15. Source of entrepreneurial idea where expertise and skills developed by a person from its previous
work can lead to the opening of a related business enterprise.
A. Government’s thrust, programs, and policies B. Past experiences
C. People’s interests D. Technological discovery and advancement

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