Entrepreneurship Basics
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Questions and Answers

What is the main purpose of entrepreneurship?

  • To explore creative hobbies
  • To seek opportunities for personal growth
  • To develop a business venture and make a profit (correct)
  • To establish social connections

    • Which of the following best describes an entrepreneur?

  • A person who solely focuses on personal gain
  • A catalyst for change with innovative skills (correct)
  • An individual limited to traditional methods
  • Someone who avoids taking risks

    • What role does an enterprise play in economic development?

  • Creates obstacles to growth in other sectors
  • Decreases job opportunities within the country
  • Contributes to national income and overall economic development (correct)
  • Promotes poverty and unemployment

    • Where can the roots of entrepreneurship be traced back to?

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

    What does the term 'entrepreneur' mean?

    <p>Someone who takes risks and starts a business (C)</p> Signup and view all the answers

    What is the significance of the word 'entrepreneur'?

    <p>It highlights an individual's desire to create goods or services needed by the public (C)</p> Signup and view all the answers

    What is one of the main societal and economic benefits of entrepreneurship?

    <p>Dispersal of economic power and creation of equality (C)</p> Signup and view all the answers

    Who is known as the 'Father of the Philippine retail'?

    <p>Henry Sy (A)</p> Signup and view all the answers

    Which personal entrepreneurial characteristic is directly related to an entrepreneur's desire to be an achiever?

    <p>Passionate about business (C)</p> Signup and view all the answers

    Who is referred to as the 'Jollibee Man'?

    <p>Tony Tan Caktiong (A)</p> Signup and view all the answers

    Which cluster in the Philippines identified 10 Personal Entrepreneurial Characteristics (PEC’s)?

    <p>Achievement Cluster (A)</p> Signup and view all the answers

    What is one of the characteristics of successful entrepreneurs according to the text?

    <p>Quality-oriented (A)</p> Signup and view all the answers

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