MULTIPLE CHOICE WITH EXPLANATION

1.The entrepreneurs' overwhelming passion and dedication for their work helps them overcome exacting challenges. They are determined to find solutions for insurmountable problems that come in their way.What entrepreneurial mind trait does the situation best describe?

The Independent Mind

The Goal Oriented Mind

The Resilient Mind

The Risk Managing

2.Product concept ideation approaches includes

adapt, adjust, ask

combine, connect, classify

magnify, minify, modify

substitute, serve, solicit

3.A person that writes down beforehand what needs to get done for the day and make sure to determine the proper sequence of doing them.What entrepreneurial mind trait does the situation best describe?

The Goal Oriented Mind

The Independent Mind

The Resilient Mind

The Risk Managing

4.Because of the COVID19 crisis, wearing of protective masks became not just a norm but a MUST. However, during the initial outbreak there was a shortage on masks thus entrepreneurs came up with the production of masks using different materials. What CHARACTERISTIC of a DESIGN THINKING mind was applied in the situation?

Dynamic Mind

Human Centered

Emphatic

Comfortable with Ambiguity

5.During the ECQ period, instead of being idle at your home, you ventured in the MILK TEA business and to make a twist in your product, you added a "SECRET" ingredient to make you Milk Tea to be different from the rest. What type of INNOVATION was applied in your situation?

Synthesis

Extension

Duplication

Invention

6.Jack Ma, also known as Ma Yun, is the founder and guiding hand behind Alibaba, a giant Hong Kong-based wholesale eCommerce site. As Alibaba considers going public with an IPO (Initial Public Offering), a challenge looms. Ma wants to keep tight control of his company and of the team of executives he already has in place. This can be hard to do once investors enter the picture. Many want to have a say in how the company is run after investing their hard earned money.But Ma believes in his vision for his company and in the culture he has created to get the job done. What entrepreneurial mind trait does the situation best describe?

The Independent Mind

The Goal Oriented Mind

The Risk Managing

The Resilient Mind

7.Which of the following is not one of the phases in the creative process?

preliminary investigation

the incubation process

background or knowledge accumulation

evaluation and implementation

8.Consumer products are classified according to

unsought, convenience, shipping,

specialty, unsought, convenience

convenience, service, quality

shopping, specialty, sought

9.In general, the entrepreneur or the organization can not control this factor but they can at times influence it.

Pricing of products

Delivery of products and services

Placement of advertisement

External environment

10.Since you have observed that UBE CHEESE PAN DE SAL is becoming so famous, you now thought of combining the usual pan de sal, Ube Cheese pan de sal, and cake to come up with a new product called the "CHEESE CAKE pan de sal". What type of INNOVATION was applied in your situation?

Extension

Invention

Duplication

Synthesis