GEN 009 SAS
Knowledge and usage of the process paves the way to a successful business
"Entrepreneurship is neither a science nor an art. It is a Practice." Means:
money, markets and methods
A business enterprise is made up of:
Corporation
A business entity that is usually owned by multiple stockholders and operates as a separate legal entity.
Partnership
A form of ownership by two or more persons contributing money, time, and labour.
Intraprenuer
A manager who introduces innovation within an organization.
technical
A manager who possesses knowledge of the processes, equipment, and potential problems of an Industry would possess what type of managerial skill?
Entrepreneur
A person who creates a new product to sell and takes on all of the risks and responsibilities involved is known as:
Entrepreneur
A person who organizes and manages any enterprise with considerable initiative and risk.
Manager
A person who takes the responsibility of controlling and administering a company.
Retailing
A type of business that sells products directly to consumers.
Demand and supply
An economy will work through the following forces:
TRUE
An entrepreneur is someone who works for himself.
Supervisors
An example of lower-level management in an organization.
Human Activities and Production Profit and Exchange
Business involves:
organizational decisions
Decisions taken by an entrepreneur on behalf of his enterprise are known as:
doers
Entrepreneurs are best as:
a process of involving innovation, new products or services and value creation
Entrepreneurship can best be described as:
creativity, innovation and application in the business arena
Entrepreneurship is a constant process that is dependent on:
End costumer, ultimate consumer
Every end-user in the chain of buying or the usage of products and services -
Anyone can be taught to be an entrepreneur.
Experts:
TRUE
Franchising business is excluded in the Top Ten Business trends in 2020.
TRUE
History is always a reliable predictor of the future of business.
CDO founder, Mrs. Ong
If you love something try to make money out of it", is a precept of
Money
It is invented as a tool for exchanging goods or services, making trading easier and more acceptable.
innovation
It is the ability to discover creative solutions to problems and opportunities to enhance people's lives.
technical skills
It is the ability to perform a specialized task involving a particular method or process.
small business
Local "wet" market, vegetable and fruit stalls, and beauty salons are examples of what type of entrepreneurship:
micro, small and medium enterprises
MSME:
an existing concept/new business
Mr. Nam Joo-hyuk starts a new business enterprise, a service station. The business is an example of:
entrepreneurial spirit
One of the most significant economic developments in recent business history relates to the_____________.
A lack of entrepreneurial education and training.
Some of the challenges that an Entrepreneur braves upon:
health care and eco-friendly products
Some of the top business trends in the Philippine industry in 2020.
TRUE
Starting a part-time business is a popular gateway to entrepreneurship.
Products
Tangible goods that satisfy a need or want.
people skills
The ability to motivate and lead people within an organization.
Entrepreneurship
The assumption of risk in utilizing valuable resources to manufacture goods and services.
True if Risk-taker and innovative only
The character of being a risk-taker, innovative, and joyful are traits of an entrepreneur listed by the International Labour Organization.
Creativity and innovation Preserving status quo
The driving forces of an Entrepreneur and a Manager:
The entrepreneur takes "calculated" risks
The function of an entrepreneur?
Standard of living
The general conditions in which people live; The quality of life.
Technical Interpersonal Conceptual
The management skills:
Corporation
The most sophisticated form of business.
Entrepreneurs opening businesses, thereby, developing the area
The none migration of rural folks to big cities is due to:
STRONGLY AGREE
The opportunity to work for yourself instead of working for others is the best reward for any entrepreneur.
power
The primary motivation of a manager:
risk
The recent number of job losses in large corporations compared to the jobs created by small businesses has changed the perception of __________ for launching a new business.
Economy
The system in which people make and spend their incomes.
Entrepreneurs
They are deemed as the backbone of the economy.
Innovation and Opportunistic
What are the two common characteristics of an entrepreneur according to the 20th-century authors?
Task-oriented
What kind of characteristic of an entrepreneur shows determination, hard work, and persistence?
passion
What word is described by the foregoing quotation: "You've got to find what you love...your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do."
There are risks and rewards involved.
Which one is TRUE about entrepreneurship?