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    Entrep11-WPS Office

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    Entrep11-WPS Office

    Uploaded by

    klintbulacan1234
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    8fghhbgf

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    0 views3 pages

    Entrep11-WPS Office

    Uploaded by

    klintbulacan1234
    8fghhbgf

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    ENTREPRENEURIAL MIND

    (M11)
    Klint Rafael A. Bulacan
    BEED 1A

    Pre-test
    1. D
    2. A
    3. D
    4. D
    5. B

    Activity 1

    When considering starting a new venture, you _3


    1. Fear that it will be unsuccessful making you reluctant to step out.
    2. Weighl the pros and cons beforehand and consult with other business owners and financial advisors.
    3. Are confident that you will be successful and able to overcome any obstacles
    .
    In your business activities, you __1___

    1. Tend to avoid competition.


    2. Factor in the competition and take steps to block or limit it.
    3. Fight against your competitors, confident you will come out on top.

    When driving a car, you __2__

    1. Obey traffic laws to the letter.


    2. Follow the laws, so long as they do not hinder your purposes.
    3. Are willing to break the laws, assured that you won’t get caught.

    When faced with the opinion of the majority, you ___2___

    1. Typically go along with the majority.


    2. Respect the majority but retain your views.
    3. Confront the majority, believing that your opinion is always right.
    In games of chance, you __2__

    1. Don’t play.
    2. May play but stay within a certain limit that you deem acceptable.
    3. Are a high-roller, playing for all the stakes.

    When making decisions, you __2__

    1. Don’t play.
    2. May play but stay within a certain limit that you deem acceptable.
    3. Are a high-roller, playing for all the stakes.

    When it comes to conflicts, you _2____

    1. Avoid them at all costs.


    2. Try to avoid conflict but settle it when you enter into one.
    3. Crush the enemy.

    When making investments, you __3___

    1. Put your money into no-risk, relatively low interest, long-term programs.
    2. Put your money into programs that have sound interest but that come with medium
    risk levels.
    3. Invest in programs that you believe will grow considerably within 1-2 years, regardless of risk.

    Regarding risk, your close friends would say you are __3____

    1. Risk averse.
    2. Willing to take risks after completing adequate research.
    3. A true risk taker who is reliant on your abilities and strength of will to succeed.

    When considering the purchase of business liability insurance, you __1__

    1. Take steps in advance to protect your business against loss.


    2. Meet with an insurance advisor to review your options and make a decision based on the best
    available advice.
    3. Don’t worry about it until something happens.
    ACTIVITY 4: Read and Answer the following

    1. Identify a major type of risk attitudes.


     Risk seeker
     Risk averser
     Risk neutral
    2. Define risk in terms of economics.
    In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty
    about the effects/implications of an activity with respect to something that humans value, often
    focusing on negative, undesirable consequences. Many different definitions have been
    proposed.

    3. Describe a person who is risk neutral.


    Risk neutral is a term used to describe the attitude of an individual who may be evaluating
    investment alternatives. If the individual focuses solely on potential gains regardless of the risk,
    they are said to be risk neutral. Such behavior, to evaluate reward without thought to risk, may
    seem to be inherently risky.
    4. Tell under what conditions a risk averse individual will give up an opportunity.
    Formally, risk averse people have a stronger preference for expected value. The expected value
    of risk is used to predict the uncertainty of the risk loss or gain of the gamble itself, and is equal
    to the potential payoff multiplied by the sum of each probability.

    Evaluation
    1. D
    2. C
    3. A
    4. B
    5. C
    6. C
    7. D
    8. A

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