Question 1

Which among the following benefit from entrepreneurship?

Accepted Answer

all of the above

Answer

Filipino entrepreneurs

Answer

local community

Answer

Philippine economy

Question 2

Which of the following does not define entrepreneurship?

Accepted Answer

<P>Science</P>

Answer

Wealth creating

Answer

Risk taking

Answer

Question 3

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

Accepted Answer

It hastens economic failure.

Answer

It promotes peaceful community

Answer

It creates new demand in the market.

Answer

It provides employment.

Question 4

Which is the end result of paying taxes?

Accepted Answer

It returns to the citizens through different public services.

Answer

It burdens small scale entrepreneurs.

Answer

It promotes competition among business ventures.

Answer

It causes the increase on prices of raw materials.

Question 5

How does an entrepreneur create value for his/her products or services?

Accepted Answer

by satisfying the needs and wants of the customers.

Answer

by giving products and service for free to those who are in need.

Answer

by increasing the price of the product or service

Answer

by focusing on product packaging.

Question 6

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

Accepted Answer

Face the risk

Answer

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

Answer

Invest on other products or services.

Answer

Avoid the risk

Question 7

Which of the following shows intrapreneurship?

Accepted Answer

Businesses which are managed by other people for the benefit of the owner

Answer

production or modification of new products or services

Answer

creating product value

Answer

managing one's own business

Question 8

Which is NOT an advantage of learning intrapreneurship?

Accepted Answer

It increases the risk in starting a business.

Answer

It boosts young entrepreneurs in starting their own business venture

Answer

It cultivates creativity

Answer

It helps acquire core business concepts.

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