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Entrep 1
Lesson 1
| Question | Answer |
|---|---|
| What is entrepreneur? | an entrepreneur is defined as a person who strongly advocates and correctly practices the concepts and principles of entrepreneurship in operating and managing the self-owned business venture. |
| What is entrepreneurship? | the art of observing correct practices in managing and operating a self-owned wealth-creating business enterprise by providing goods and services that are valuable to the costumers |
| Austrian economist and political scientist | Joseph Schumpeter |
| Gave much emphasis on the concept of product innovation, marketing and production methods | Joseph Schumpeter |
| _____ categorically described an entrepreneur as an individual with distinct social characteristics or attributes. | Schumpeter |
| According to him, there are very few among the millions in the population who can be considered as entrepreneurs. | Joseph Schumpeter |
| Did all scholars support the concept of Schumpeter? | False |
| The term “entrepreneur” originates from the French word ___ which means to "undertake" | Entreprende |
| the term “entrepreneurship” comes from the word | Entrepreneur |
| The business venture that entrepreneurs operate and self-own. | Enterprise |
| The ____________ defines an entrepreneur as a person who organizes, operates, and assumes the risk of business ventures. | American Heritage Desk Dictionary |
| This operational definition puts emphasis on the concepts of _____ and ______. | advocacy and correct practices |
| Are they considered an entrepreneur if they do not own and manage a small entrepreneurial endeavor or small business | False |
| Is a small business different from an ordinary small business? | True |
| _______ refers to a business or enterprise that correctly adopts and practices the principles of entrepreneurship. | Small Business |
| A small business is owned by one person with a limited workforce of not more than? | 20 people |
| __________ pertains to a business enterprise managed and operated by an owner who is not an advocate of and does not practice the concepts and principles of entrepreneurship. | ordinary small business |
| Which term also includes the small and medium enterprises (SME’s) that have been strongly promoted by both government and non-governmental organizations (NGOs) in their desire to improve the lives of the Filipino people through entrepreneurship. | small business |
| Someone who is not an entrepreneur but owns a business is? | Businessperson |
| ____ is a low risk taker. | Businessman |
| __ is a moderate risk taker. | Entrepreneur |
| ___ engages in business activities for the purpose of profit to support his living and his family | Businessman |
| ____ starts venture, assumes leadership and expands the venture to fulfill personal goals and attains self accomplishment | Entrepreneur |
| ____ follow others and invests only in tested and proven market | Businessman |
| ____ takes circulated risk | Entrepreneur |
Created by:
annebelle
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