Question 1

Which among the following benefit from entrepreneurship?

Accepted Answer

all of the above

Answer

Philippine economy

Answer

Filipino entrepreneurs

Answer

local community

Question 2

Which of the following will be an entrepreneur's reaction to risk?

Accepted Answer

Face the risk.

Answer

Invest on other products or services.

Answer

Avoid the risk.

Answer

Pause and wait for the problem to solve itself before continuing operations.

Question 3

Which is the end result of paying taxes?

Accepted Answer

It returns to the citizens through different public services.

Answer

It promotes competition among business ventures.

Answer

It burdens small scale entrepreneurs.

Answer

It causes the increase on prices of raw materials.

Question 4

Which of the following does not define entrepreneurship?

Accepted Answer

science

Answer

art

Answer

wealth creating

Answer

risk taking

Question 5

Which of the following is not true about the benefit of entrepreneurship to the local community?

Accepted Answer

It hastens economic failure.

Answer

It creates new demand in the market.

Answer

It promotes peaceful community.

Answer

It provides employment.

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