16 Questions
What did Marco Polo want to establish according to the information provided?
Trade routes to the Far East.
What does the term 'entrepreneurship' mean based on the given text?
The purposeful activity of an individual or a group to initiate profit by distribution of economic goods and services.
Who is credited with describing entrepreneurship as 'the process of creating something new with the value of devoting the necessary time and effort'?
Fred Wilson
Who or what is described as a 'go-between' (agent) in the text?
Marco Polo
According to Joseph A. Schumpeter, who does entrepreneurship include?
Both company directors and managers carrying out innovative functions
What role did merchants and travelers play in trading during the Middle Ages?
Both merchants and travelers had an active role in trading at all risks
Which term in Filipino is closest in meaning to the Sanskrit term 'undertake'?
Pagnenegosyo
During the 18th century, what distinguished entrepreneurs from capital providers?
Their need for money or capital
What contribution did Thomas Edison make during the industrial revolution?
He was an inventor financially incapable to provide on his own
Who were the usual entrepreneurs during the Middle Ages?
Priests and clerics
During the 19th and 20th centuries, how were entrepreneurs primarily viewed?
As managers from an economic perspective
Who is credited with establishing the American Steel company?
Andrew Carnegie
What event led to the Philippines realizing the importance of entrepreneurship?
Colonization by Spain, United States, and Japan
What did the Philippines implement in 1935 in relation to entrepreneurship?
Small Medium Enterprises (SMEs)
In the 1970s, what sector was given emphasis in the Philippine Development Plan?
'Small Medium Enterprises (SMEs)'
'R.A. 7882' was related to providing assistance to which group?
'The Act Providing Assistance to Women'
Test your knowledge of business and innovation terminology with this quiz. Explore different languages' interpretations of business-related words and their meanings.
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