10 Questions
What is the most important factor that differentiates an entrepreneur from a worker according to the text?
Risk-taking
What theory asserts that social cultures have significant contributions to entrepreneurship?
Weber's sociological theory
What does Leibenstein's gap-filling theory advocate according to the text?
That entrepreneurship fills the gap in any economic activity
What does the text state about the compounded benefits of entrepreneurship?
The benefits are compounded from one level to the next, starting with the entrepreneur or individual Filipino
What is the primary focus of Kirzner's learning-alertness theory?
Learning and alertness as the primary attributes of entrepreneurhip
In the example provided, what type of business did Juana open?
A beauty shop
What is the relationship between the benefits of entrepreneurship and the government?
The government returns the concomitant effects of the development and growth to the community
What is the most important element of production according to Kaldor's technological theory?
Advancement of technology
Which of the following is NOT mentioned as a key trait or competency of an entrepreneur in the text?
Creativity
What is the primary role of the government in the compounded benefits of entrepreneurship?
Returning the concomitant effects of development and growth to the community
Test your knowledge on how changes in government policies can influence new entrepreneurial ideas and how entrepreneurs should identify and adapt to the changing interests and trends of their target market. This quiz is designed for aspiring entrepreneurs.
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