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Directions: Choose the letter of the correct answer. Write the chosen letter on a separate sheet of paper.

_______1. A successful entrepreneur always finds ways to do things faster or with fewer resources or at a lower cost. What entrepreneurial competency is this?

A. Efficiency Orientation
C. Systematic Planning
B. Problem Solving
D. Assertiveness

______2. An entrepreneur develops and uses logical, step-by-step plans to reach goals. What entrepreneurial competency is this?

A. Efficiency Orientation
C. Systematic Planning
B. Problem Solving
D. Assertiveness

______3. An entrepreneur can take action on how to seek information to help achieve business objectives or clarify business problems. What entrepreneurial competency is this?

A. Efficiency Orientation
C. Systematic Planning
B. Self-Confidence
D. Information Seekin

______4. The entrepreneur should be able to take actions that go beyond his/her job requirements and act faster. What entrepreneurial competency is this?

A. Initiative
C. Persistence
B. Persuasion
D. Assertiveness

______5. An entrepreneur can make repeated efforts or take different actions to overcome an obstacle that gets in the way of reaching goals. What entrepreneurial competency is this?

A. Initiative
C. Persistence
B. Persuasion
D. Assertiveness

______6. An entrepreneur acts to do things that meet certain standards of excellence which gives him/her greater satisfaction.

A. Commitment to Work Contract C. Concern for High Quality of Work B. Information Seeking
D. Efficiency Orientation

______7. It refers to the key characteristics that should be possessed by successful entrepreneurs to perform entrepreneurial functions effectively.

A. Entrepreneurial Competencies
C. Needs and Wants
B. Generating Business Ideas
D. Entrepreneurship

_______8. Are things that are desirable or of interest and are not necessary for survival.

A. Needs
B. Wants
C. Product
D. Entrepreneur

_______9. Are defined as goods or services that are required for health and safety.

A. Needs
B. Wants
C. Product
D. Entrepreneur

_______10. It is anything that can be offered to a market that might satisfy a want or need and is received in exchange for money or other units of value.

A. Needs
B. Wants
C. Product
D. Entrepreneur​





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1. C. Systematic Planning

A successful entrepreneur always finds ways to do things faster or with fewer resources or at a lower cost

2. B. Problem Solving

An entrepreneur develops and uses logical, step-by-step plans to reach goals

3. D. Information Seekin

An entrepreneur can take action on how to seek information to help achieve business objectives or clarify business problems

4. B. Persuasion

The entrepreneur should be able to take actions that go beyond his/her job requirements and act faster

5. C. Persistence

An entrepreneur can make repeated efforts or take different actions to overcome an obstacle that gets in the way of reaching goals.

6. D. Efficiency Orientation

An entrepreneur acts to do things that meet certain standards of excellence which gives him/her greater satisfaction.

7. A. Entrepreneurial Competencies

It refers to the key characteristics that should be possessed by successful entrepreneurs to perform entrepreneurial functions effectively.

8. A. Needs

Are things that are desirable or of interest and are not necessary for survival.

9. B. Wants

Are defined as goods or services that are required for health and safety.

10. D. Product

It is anything that can be offered to a market that might satisfy a want or need and is received in exchange for money or other units of value.

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