Entrepreneurship Quarter 1 - Module 1 Introduction to Entrepreneurship - What I Know Test with Answers

What I Know

      Instruction: Read the statements carefully then write True if the statement is correct 
                           & write False if you think the statement is not correct.

            TRUE     1. Entrepreneur means “to undertake.”
            TRUE     2. Entrepreneurship is a process of actions of an entrepreneur who is 
                                always in search of opportunities.
            TRUE     3. The greatest significance of entrepreneurship is to help
                                identify and develop the managerial capabilities of entrepreneurs.
            TRUE     4. Entrepreneurship will lead to the creation of organizations.
            FALSE    5. Entrepreneurship can improve the life of the entrepreneur only.
            FALSE    6. Coward people will become successful entrepreneurs.
            TRUE     7. An entrepreneur is a “Risk Taker”.
           FALSE    8. Entrepreneurship is not an economic activity.
            TRUE     9. Entrepreneurs are innovative.
            TRUE    10. Profit potential is the compensation of the entrepreneur.
            TRUE    11. An entrepreneur can become a business consultant.
            TRUE    12. An entrepreneur can also be a researcher.
            TRUE    13. An entrepreneur can also become a salesman.
            TRUE    14. Entrepreneurship graduates can become business 
                                 reporters.

           FALSE   15. The entrepreneur could easily see the results of his efforts.