SUBITO, MA. DAISY A.

BAPR 4-1D
GEED 20013: ENTREPRENEURIAL MINDSET | COMPILATION OF ACTIVITIES

MID TERM EXAMINATION

GENERAL INSTRUCTION: Read and follow the instructions carefully and answer all
the items the best as you can.

I. TRUE OR FALSE: Write your answers on the space provided.

a. If the first and second statements are TRUE, write (A).
b. If the first and second statements are FALSE, write (B).
c. If the first statement is TRUE and the second statement is FALSE, write (C), and
d. If the first statement is FALSE and the second statement is TRUE, write (D).

1. C.
A. Entrepreneurs need to think about other people’s needs and feelings and
keeping these in mind when solving a problem.
B. Entrepreneurial Mindset is a way of thinking than can’t be learned and
practiced.

2. B.
A. Entrepreneurs should not announce what he/she can’t do.
B. Entrepreneurs need to develop a strategy before setting goals.

3. D.
A. Innovation is the same as invention.
B. SMART stands for Specific, Measurable, Attainable, Result-oriented, or
Realistic, and Timebound.

4. C.
A. Inertia means lack of activity, interest, or reluctance to do anything.
B. Limiting belief can make ordinary people do great things.

5. A.
A. Persistence is a sense of hope for the future or for success.
B. Grit means bravery and character strength.

6. C.
A. Entrepreneurial opportunities are situations where new products, services,
raw materials, and methods of organization can be introduced and sold more
than their production costs.
B. Entrepreneur must adopt a passive attitude.
 7. B.
A. To succeed, entrepreneurs must first have a broad goal.
B. The marketing plan is a written document prepared by the entrepreneur that
outlines all applicable external and internal elements involved in the start-up
of a new business.

8. D.
A. HUGEs are goals that are set a lot higher than your current level.
B. Angel Investors are individuals who invest their own money in an
entrepreneurial company.

9. A.
A. Pitching means presenting a business idea to potential investors.
B. Prototype is a product pre- production model designed for full-service
testing.
10. A.
A. Entrepreneurs develop creative solutions to the issues proactively.
B. An entrepreneur dares leave his comfort zone to do great things.

II. MULTIPLE CHOICE: Select the best answer to the question or statement. Shade the
box that correspond to your answer.

1. Sheldon is starting a new business and has established relationships with several
successful local companies. Which of the following is the best way to use these
relationships to succeed in his business?
 Gaining inside marketing information
 Persistently asking those business owners to invest in his company
 Attending trade shows and conferences to make new connections
 Sharing those businesses' content on social media

2. There are several car repair shops in your town, but Penny’s repair shop is
remarkable. The customer service is what distinguishes her shop. Every client is
welcomed by a friendly employee and s/he receives snacks and drinks while s/he is
waiting for the repairs. The great customer service that people can expect from
Penny’s business is considered her _______________.
 Vision  Tagline
 Brand Promise  Mission Statement

3. An entrepreneurial business owner must

 Dislike business planning  Desire regular 40-hour work weeks
 Be independently wealthy  Have an adventurous spirit
4. Looking at problems from various points of view helps entrepreneurs develop
 Practical arguments  Unnecessary conflicts
 Creative solutions  Unpredictable result
5. Raj would like to develop, manufacture and sell a new product. Before it does so, Raj
spends six months conducting marketing research. What are the main advantages of
his action?
 Delaying production and increasing labor costs
 Increasing costs and identifying consumer dislikes
 Predicting trends and provide information to customers
 Determining customer preferences and reducing losses

6. Given below are some reasons why people are not planning except
 Superstitious Beliefs  Fear of failure
 Inertia  Limiting Beliefs

7. Howard wants to start up his own enterprise, however, he doesn’t have enough
funds. Amy, his friend, decided to lend him some of her money with no interest. Amy
is considered as__________________.
 Crowd Funder  Startup Incubators
 Angel Investor  Capitalist

8. According to Newlands (2014), below are awesome opportunities for entrepreneurs,

except:
 Foreign Market  Invest in multiple business
 Social power of internet  Social Media

9. _______________ is a set of proposed rules and techniques to change behavior in

order to achieve self- improvement, self- management and more efficient
interpersonal communication.
 Neuro-linguistic Programming  Entrepreneurial Skillset
 Entrepreneurial Mindset  PAW Process

10. Which of the following can limit the opportunity for entrepreneurship?
 New technological development  Growth of cities
 Economic expansion  Fear of failure
11. What behavior is exhibited when an individual recognizes the possibility of an
undesirable outcome and continues to work toward a goal?
 Self-discipline  Flexibility
 Risk-taking  Creativity

12. Successful entrepreneurs enjoy their work and often start their businesses so that
they can share their interests and enthusiasm with others. In other words, successful
entrepreneurs have which characteristic for what they do?
 Apathy  Concern
 Reservation  Passion

13. After Leonard realized that he processed an order incorrectly, he waited too long to
correct the problem. As a result, an incorrect item was shipped to the customer. Now,
the customer will need to ship the item back to the warehouse, and Leonard’s
company will need to pay extra charges to have the product returned. What does this
situation illustrate?
 The company has unrealistic expectations about the ability of Leonard to carry
out his work.
 Employees should inform their supervisors of all problems immediately.
 Customers are probably very angry about the mistakes made by employees.
 An employee's decisions and actions can have a negative impact on others.

14. What is often a positive result of accepting responsibility for a poor decision?
 The control of opinions of others  The gain of respect of others
 The reinforcement of skeptical  The demonstration of self-
attitudes importance

15. Which of the following does not belong to the group?

 People cannot be trusted.
 I cannot expand my business.
 No one will trust my new idea.
 My business has reached its growth limit.

III. IDENTIFICATION: On the space provided, write MATATAG if the item pertains to
Entrepreneurial Mindset, and MARUPOK if the item pertains to Entrepreneurial Skillset.

1. Opportunity-Seeking: MATATAG 2. Prototyping: MARUPOK

3. Courage: MATATAG
4. Business Model Methodology:
MARUPOK
5. Public Speaking: MARUPOK
6. Redefining Failure: MATATAG
7. Optimism: MATATAG
8. Curiosity: MATATAG
9. Idea Generation: MARUPOK
10. Persistence and Grit: MATATAG
11. Creativity: MARUPOK
12. Problem-Solving: MATATAG
13. Adaptability: MATATAG
14. Opportunity Analysis: MARUPOK
15. Teamwork: MARUPOK
16. Growth Mindset: MATATAG
17. Market Research and Customer
Validation: MARUPOK
18. Resourcefulness: MATATAG
19. Design Thinking: MARUPOK
20. Empathy: MATATAG