1st Q - Long Test Entrep
1st Q - Long Test Entrep
1st Q - Long Test Entrep
Direction: Choose the letter of the correct answer. Write your answer before the item number.
1. It is the system by which the production and consumption of goods and services is organized in a country
or community.
a. Entrepreneurship b. Economy c. Enterprise d. Employment
2. It is the state of being employed or having a job.
a. Unemployment b. Underemployment c. Employ d. Employment
3. It is any activity which provides customers with a product (goods/services) with a view to making a profit.
a. Business b. Enterprise c. Economy d. Entrepreneurship
4. It is the practice of starting new organizations, particularly new business, generally in response to identified
opportunities.
a. Enterprise b. Business c. Entrepreneurship d. Sales
5. It is one that is independently owned and operated by the owner.
a. Small Business b. Partnership c. Corporation d. Cooperative
6. It is the most basic management function that tells you where to go and how to get there.
a. Planning b. Organizing c. Directing d. Staffing
7. This process involves proper and effective selection, appraisal and development of personnel to do the jobs
and fulfill the roles in the structure.
a. Organizing b. Directing c. Controlling d. Staffing
8. It involves putting your plans into effect.
a. Staffing b. Organizing c. Directing d. Controlling
9. It involves identifying the specific activities necessary to achieve the enterprise goals, clustering the
activities into departments of job positions.
a. Planning b. Organizing c. Staffing d. Directing
10. It is to make sure that what is done in the enterprise conforms to what has been planned.
a. Organizing b. Directing c. Controlling d. Staffing
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2 Classification of Plans
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3 Leadership skills
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3 Types of Organization
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3 types of Needs
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