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- 1. Multiple Choice
Entrepreneurship and ordinary small business are similar and the same.
True
False
- 2. Multiple Choice
The distinction of Entrepreneurship and Ordinary Small Business lies in the descriptive word "ordinary".
True
False
- 3. Multiple Choice
Below are the areas of differences of Entrepreneurship and ordinary small business: (Check all that apply)
Motive in opening a business
Perception of risk in the business
Reactions to changes in the environment
View on competition and Sources of business funds
Vision for development and growth and Horizon of business operations
- 4. Multiple Choice
The motive of Entrepreneurship in opening a business is just a source of livelihood.
True
False
- 5. Multiple Choice
Entrepreneurship is a wealth creating venture.
True
False
- 6. Multiple Choice
An entrepreneur don't take risk in his/her business.
True
False
- 7. Multiple Choice
Ordinary Small Business owner considers business risk a deterrent to the business.
True
False
- 8. Multiple Choice
Ordinary Small Business remains passive and static to changes in the environment.
True
False
- 9. Multiple Choice
An entrepreneur adapts news ideas and think of a creative mechanism for development and growth.
True
False
- 10. Multiple Choice
The view of competition of an Entrepreneur are as follows: (Check all the apply)
Unhealthy element in Business
He/she tries to avoid the competition
A competition is a sign of healthy economic environment
It continuously improve their present products to compete
- 11. Multiple Choice
Entrepreneurship applies mostly to persons with good educational background.
True
False
- 12. Multiple Choice
Entrepreneurship is simply opening a small business.
True
False
- 13. Multiple Choice
Entrepreneurship applies only to a good economy.
True
False
- 14. Multiple Choice
It helps improve their financial and social life.
Importance to the Filipino People
Importance to the Local Community
Importance to the Philippine Economy
- 15. Multiple Choice
It helps find an entrepreneurial niche in the world market.
Importance to the Filipino people
Importance to the local community
Importance to the Philippine economy
- 16. Multiple Choice
It provides employment in the community
Importance to the Filipino people
Importance to the local community
Importance to the Philippine economy
- 17. Multiple Choice
It creates new business opportunities.
Importance to the Filipino people
Importance to the local community
Importance to the Philippine economy
- 18. Multiple Choice
It helps make the lives of the people happy, fruitful and successful.
Importance to the Filipino people
Importance to the local community
Importance to the Philippine economy
- 19. Multiple Choice
Without entrepreneurship the Philippine nation will still be the same.
True
False
- 20. Multiple Choice
Entrepreneurship is way of acquiring things that you cannot get from working or being an employee.
True
False
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