10 Questions
During the 13th-15th century, how were profits shared between the capitalist and the merchant traveler?
75% to the capitalist and 25% to the merchant
In the 18th century, who was typically in charge of architectural structures like castles and cathedrals?
Priests and clerics
During the 19th and 20th century, entrepreneurs were mostly viewed from which perspective?
Economic perspective
In the 21st century Dotcom Era, what role did entrepreneurs play in the Philippines?
Heroes of free enterprises
In the history of entrepreneurship in the Philippines, what system was initially used for starting business trades before transitioning to a money economy?
Barter system
What is the meaning of the French word 'entreprende'?
To undertake
According to A. H. Cole, what is the purpose of entrepreneurship?
Initiate, maintain, or aggrandize profit by production or distribution of economic goods and services
According to Joseph A. Schumpeter, what is the process of entrepreneurship?
Pursuing opportunities without regard to resources they currently control
How did Fred Wilson define entrepreneurship?
The art of turning an idea into a business
During the Earliest Period (12th-14th century), what was Marco Polo's purpose in establishing trade routes to the Far East?
To act as a go-between (agent) for trading goods
This quiz covers the definition and origins of entrepreneurship, including its meaning in different languages and the purposeful activity of individuals or groups. It delves into the concept of self-motivation and systematic innovation in the context of economic goods and services.
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