Entrep Quiz

• The term "entrepreneur" originates from the French word

  • Entreprendre
• refers to a person who strongly advocates and correctly practices the concepts and principles of entrepreneurship

  Entrepreneur
• Pertains to a business enterprise managed and operated by an owner who is not an advocate of and does not practices the concepts and principles of entrepreneurship

  Ordinary Small Business
• refers to a business enterprise that correctly adopts and practices the principles of

  entrepreneurship

  Small business
• someone who knows how to represent a company, manage accounts and follow up on leads

  Sales Manager
• someone who understands business concepts, systems, procedures and practices

  Research and Development Director
• refers to the number of competitors and their ability to undercut a company

  Competition in the industry
• The presence of different ethnic groups with different languages in the various islands of the Philippines, is an example of what kind of forces in the societal environment?

  Cultural
• may it be positive and negative, that may affect planning and decision-making ?

  SWOT Analysis
• A risk taking entrepreneur engages in all types of risky business enterprise

  True
• True

  The entrepreneur must take into serious consideration the location of the proposed business, it climate, and the availability of materials in the said location.
• Planning simply refers to the review of performances.

  True
• True


  A quality-oriented entrepreneur produces goods that are of high quality based on his/her perceptions.
• As an information-seeker, an entrepreneur uses unverified data in making economic decisions

  False
• Like all Filipinos, the entrepreneur is responsible for the misuse and abuse of the environment

  True
• True


  The entrepreneur must take into serious consideration the location of the proposed business, it climate, and

  the availability of materials in the said location.
• True


  The entrepreneur can immediately open a new business once he/she has identified a business opportunity to

  be exploited.
• False 


  Any business can thrive in any environment.
• The presence of supply and raw materials in a certain locality affects the coat of the products.

  True
• Refers to a major cluster that are directly related to the entrepreneur's desire to be an

  achiever in the field of entrepreneurship.

  Achievement cluster
• Refers to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business..

  Character trait
• A character trait based on specific and relevant, economic, financial and industry data so that entrepreneurs seek a strong basis to make sound decisions.

  Information seeker
• Refers to the knowledge and proficiency in a specialized field like computer technology, accounting, marketing, operation research, engineering, medical fields, or other related technical fields

  Technical Skills
• Character trait that accepts full responsibility for what has been promised to the customers

  Committed
• Is a set of characteristics of successful entrepreneurs that basically supports the character traits in the achievement

  Planning cluster
• Moderate risk taker 


  A type of a risk taker which is more calculative in taking risks and analyses the situation before taking the leap.
• Cognitive skills


  Refer to the mental ability of the entrepreneur to learn new things, generate new ideas and express knowledge in both oral and written forms.
• In setting goals and objectives of the business venture, the entrepreneur is usually guided by what principle?

  SMART Principle
• This skill are acquired and developed by a person through constant and correct practice

  Entrepreneurial Skills
• Environmental scanning refers to the gathering, critical evaluation and utilization of information on events and

  activities and their relationships with the physical, societal and industry environment. This includes the different

  forces existing in every environmental layer that have direct and indirect effects on the entrepreneurial venture.