Entrepreneurship and Government Policies Quiz
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Questions and Answers

What is the most important factor that differentiates an entrepreneur from a worker according to the text?

  • Uncertainty in production
  • Risk-taking (correct)
  • Shouldering the risk
  • Anticipating random events

    • What theory asserts that social cultures have significant contributions to entrepreneurship?

  • Leibenstein's gap-filling theory
  • Kaldor's technological theory
  • Kirzner's learning-alertness theory
  • Weber's sociological theory (correct)

    • What does Leibenstein's gap-filling theory advocate according to the text?

  • Learning and alertness as the primary attributes of entrepreneurhip
  • That uncertainty is an important factor in the production of goods and services
  • That entrepreneurship fills the gap in any economic activity (correct)
  • The advancement of technology as an element of production

    • What does the text state about the compounded benefits of entrepreneurship?

    <p>The benefits are compounded from one level to the next, starting with the entrepreneur or individual Filipino (C)</p> Signup and view all the answers

    What is the primary focus of Kirzner's learning-alertness theory?

    <p>Learning and alertness as the primary attributes of entrepreneurhip (D)</p> Signup and view all the answers

    In the example provided, what type of business did Juana open?

    <p>A beauty shop (A)</p> Signup and view all the answers

    What is the relationship between the benefits of entrepreneurship and the government?

    <p>The government returns the concomitant effects of the development and growth to the community (D)</p> Signup and view all the answers

    What is the most important element of production according to Kaldor's technological theory?

    <p>Advancement of technology (B)</p> Signup and view all the answers

    Which of the following is NOT mentioned as a key trait or competency of an entrepreneur in the text?

    <p>Creativity (C)</p> Signup and view all the answers

    What is the primary role of the government in the compounded benefits of entrepreneurship?

    <p>Returning the concomitant effects of development and growth to the community (B)</p> Signup and view all the answers

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