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Forest
Sequencing
College
Iba pa

IE PART2

M.C.
5
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Question 1

Multiple Choice

21. 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 2

Multiple Choice

22. 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 3

Multiple Choice

23. The capacity to gain an accurate and deep intuitive understanding of a person or thing.

  • a) Insight
  • b) Mindset
  • c) Personality
  • d) Perception

Question 4

Multiple Choice

24. A mindset that drives or prevent a person from fulfilling his potential.

  • a) Insight
  • b) Mindset
  • c) Personality
  • d) Perception

Question 5

Multiple Choice

25. A type of mindset who value learning and growth and react to adversity with increased change efforts, strategies and resiliency. The more a person is able tothink deep, thebrain expands&thevolume

  • a) Growth Mindset
  • b) Intuition Mindset
  • c) Personality Mindset
  • c) Personality Mindset

Question 6

Multiple Choice

26. Known also as the paleolithic age, came with the appearance of homo habilis where early humans lived.

  • a) Stone Age
  • b) Information Age
  • c) Agricultural Revolution
  • d) Industrial Revolution

Question 7

Multiple Choice

27. Known as the second wave of entrepreneurial innovation.

  • a) Stone Age
  • b) Information Age
  • c) Agricultural Revolution
  • d) Industrial Revolution

Question 8

Multiple Choice

28. A core element of the entrepreneurial mindset is:

  • a) A strong aversion to risk.
  • b) Comfort with the status quo.
  • c) A willingness to experiment and learn from failures.
  • d) Strict adherence to established procedures.

Question 9

Multiple Choice

29. A "disruptive innovation" is characterized by:

  • a) Making small improvements to existing products.
  • b) Creating entirely new markets and value networks
  • c) Focusing on incremental advancements within established markets.
  • d) Being easily adopted by existing customers.

Question 10

Multiple Choice

30. Known as the third wave of entrepreneurial innovation.

  • a) Stone Age
  • b) Information Age
  • c) Agricultural Revolution
  • d) Industrial Revolution

Question 11

Multiple Choice

31. An English inventor and a leading entrepreneur invented cotton

  • a) Richard Arkwright
  • b) Richard Mille
  • c) Richard Cantillon
  • d) Richard Roberts

Question 12

Multiple Choice

32. He distinguishes entrepreneurs to employees, with former with uncertain income and the latter with fixed income.

  • a) Richard Cantillon
  • b) Frank Knight
  • c) Alfred Marshall
  • d) Joseph Alois Schumpeter

Question 13

Multiple Choice

33. He expanded the idea of risk bearing with innovation.

  • a) Richard Cantillon
  • b) Frank Knight
  • c) Alfred Marshall
  • d) Joseph Alois Schumpeter

Question 14

Multiple Choice

34. The first to specify entrepreneurship function as under pure uncertainties within a system.

  • a) Richard Cantillon
  • b) Frank Knight
  • c) Alfred Marshall
  • d) Joseph Alois Schumpeter

Question 15

Multiple Choice

35. He emphasized that demand and supply determine the price and output of a good.

  • a) Richard Cantillon
  • b) Frank Knight
  • c) Alfred Marshall
  • d) Joseph Alois Schumpeter

Question 16

Multiple Choice

36. According to John Lewis Holland’s six types of personalities, this individual prefers to be analytical, curious, methodological and precise.

  • a) Conventional
  • b) Social
  • c) Enterprising
  • d) Investigative

Question 17

Multiple Choice

37. During which phase do entrepreneurs focus on launching the product, acquiring customers, and building brand awareness?

  • a) Scaling and Growth
  • b) Business Formation
  • c) Market Entry
  • d) Idea and Research

Question 18

Multiple Choice

38. In which stage does a business focus on brand building and securing initial customers?

  • a) Pre-Start-Up Stage
  • b) Start-Up Stage
  • c) Early Growth Stage
  • d) Late Growth Stage

Question 19

Multiple Choice

39. According to Schumpeter, what is the primary driver of economic development?

  • a) Government regulation
  • b) Financial institution
  • c) Innovation and Entrepreneurship
  • d) Labor unions

Question 20

Multiple Choice

40. According to John Lewis Holland’s six types of personalities, this person enjoys the systematic manipulation of data, filing of records or reproducing materials.

  • a) Conventional
  • b) Social
  • c) Enterprising
  • d) Investigative
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