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Forest
Sequencing
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Iba pa

IE- Reviewer Part1

M.C.
9
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Question 1

Multiple Choice

1. What does the Entrepreneurial Mind Frame help an entrepreneur do?

  • a) Avoid risks at all costs
  • b) See challenges as opportunities
  • c) Focus only on financial success
  • d) Depend entirely on luck

Question 2

Multiple Choice

2. The Entrepreneurial Heart Flame represents an entrepreneur’s ______________.

  • a) Desire for quick success
  • b) Passion, determination, and emotional devotion
  • c) Fear of failure and taking risks
  • d) Focus only on market trends

Question 3

Multiple Choice

3. In Entrepreneurial Gut Flame, which of the following is NOT a key characteristic?

  • a) Intuition
  • b) Passion
  • c) Overanalyzing every decision
  • d) Courage

Question 4

Multiple Choice

4. What does the Chinese word for “crisis” symbolize in entrepreneurship?

  • a) Failure and regret
  • b) Risk and fear
  • c) Danger and opportunity
  • d) Loss and disappointment

Question 5

Multiple Choice

5. An entrepreneur who follows their intuition, takes bold risks, and confidently makes decisions is demonstrating ______________.

  • a) Entrepreneurial Gut Flame
  • b) Entrepreneurial Mind Frame
  • c) Entrepreneurial Heart Flame
  • d) None of the above

Question 6

Multiple Choice

6. The Entrepreneurial Mind Frame helps entrepreneurs see challenges as?

  • a) Opportunities
  • b) Passion
  • c) Uniqueness
  • d) Risk-taking

Question 7

Multiple Choice

7. Entrepreneurs with a strong Entrepreneurial Heart Flame are driven by____________, not just financial gain.

  • a) Opportunities
  • b) Passion
  • c) Uniqueness
  • d) Risk-taking

Question 8

Multiple Choice

8. Entrepreneurial Gut Flame involves a combination of intuition, passion, and __________ to make bold decisions.

  • a) Determination
  • b) Persistence
  • c) Courage
  • d) Assurance

Question 9

Multiple Choice

9. Entrepreneurs who are emotionally invested in their business and strive to make a difference are demonstrating their _____________.

  • a) Gut Game
  • b) Heart Flame
  • c) Mind Flame
  • d) None of the above

Question 10

Multiple Choice

10. In entrepreneurship mind frame, a crisis can be seen as both a danger and an __________.

  • a) Passion
  • b) Desire
  • c) Disturbance
  • d) Opportunity

Question 11

Multiple Choice

11. In sources of entrepreneurial ideas, in general what are the external environment of a business venture?

  • a) Physical, Societal, Industrial
  • b) Climate, Natural Resources, Wildlife
  • c) Economic, Sociocultural, Political
  • d) Government, Suppliers, Clients

Question 12

Multiple Choice

12. In Societal Environment, this includes the laws, rules and regulations that govern business practices as well as the permits, approvals, and licenses necessary to operate the business.

  • a) Technological Environment
  • b) Sociocultural Forces
  • c) Economic Forces
  • d) Political Forces

Question 13

Multiple Choice

13. In Industrial Environment, this includes in business except?

  • a) Government
  • b) Technology
  • c) Suppliers
  • d) Employees

Question 14

Multiple Choice

14. In Societal Environment, this various forces are included except?

  • a) Government forces
  • b) Technological environment
  • c) Sociocultural forces
  • d) Economic Forces

Question 15

Multiple Choice

15. It refers to interest, hobbies and preferences of people are rich source of entrepreneurial ideas.

  • a) Past experiences
  • b) Government’s thrust, programs, and policies
  • c) Changes in environment
  • d) People’s interest

Question 16

Multiple Choice

16. According to Shackle’s theory, what helps entrepreneurs identify potential market opportunities?

  • a) Analyzing competitors
  • b) Creativity and imagination
  • c) Strict financial analysis
  • d) Following market trends

Question 17

Multiple Choice

17. According to Shackle’s theory, what is a key characteristic of entrepreneurs?

  • a) They are highly risk-averse
  • b) They are creative and imaginative
  • c) They focus primarily on managing finances
  • d) They rely solely on existing market data

Question 18

Multiple Choice

18. What is the role of entrepreneurs in economic growth, according to classical, neo-classical, and Austrian theories?

  • a) They focus on reducing market competition
  • b) They introduce new products and techniques
  • c) They minimize risks in the market
  • d) They maintain existing market structures

Question 19

Multiple Choice

19. One of the Economic theories of entrepreneurship that the entrepreneur are producers and distributors of goods in the marketplace.

  • a) Classical Theories
  • b) Neoclassical Theories
  • c) Austrian Market Process Theory
  • d) Menger’s Theory

Question 20

Multiple Choice

20. Why is innovation important for entrepreneurs?

  • a) It allows them to differentiate their business and create value
  • b) It helps them avoid risks completely
  • c) It guarantees immediate success
  • d) It eliminates all competition
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