MULTIPLE CHOICES
DirectionRead the statement carefully and choose the correct answer from the
box below. Write your answer on the blank provided before each number.

A. Entrepreneur
B. Opportunity Seeking C. Persistence
D. Goal Setting E. Risk-Taking
G. Economy
H. Natural & Physical Environment
1. Information Seeking
J. Self-confidence
K. Persuasion & Networking
L. Systematic Planning and monitoring
F. Demography

1. Someone who "creates a new business in the face of risk and uncertainty for the
purpose of achieving profit and growth by identifying significant opportunities and
assembling the necessary resources to capitalize on them. They are the ones who act on
their business ideas.

2. Entrepreneurs do not easily give up in the face of obstacles. They will take repeated
or different actions to overcome the hurdles of business. This includes making a personal
sacrifice or extraordinary effort to complete a job.

3. Entrepreneur are known for taking calculated risks and doing tasks that are
moderately challenging.

4. Entrepreneur knows how to set specific, measurable, attainable, realistic, and time-
bound (SMART) goals.

5. Entrepreneurs have a good eye for spotting business opportunities and acts on
these opportunities appropriately.

6. Entrepreneurs have a strong belief in themselves and their own abilities. They have
self-awareness and belief in their own ability to complete a difficult task or meet a
challenge

7. Entrepreneur update themselves with new information about her customers, the
market, suppliers, and competitors. This is rooted to their innate sense of curiosity.

8. Entrepreneurs know how to use the right strategies to influence or persuade other
people. They have naturally established a network of people who they can turn to achieve
their objectives.

9. This concerns the physical location of a business' store.

10. This pertains to the number of people living in the area, their age, gender, socio-
economic status, family size, religion and even growth trends.​