Entrepreneurship Definition and Origins
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Questions and Answers

During the 13th-15th century, how were profits shared between the capitalist and the merchant traveler?

  • 60% to the capitalist and 40% to the merchant
  • 75% to the capitalist and 25% to the merchant (correct)
  • 50% to each
  • 80% to the capitalist and 20% to the merchant
  • In the 18th century, who was typically in charge of architectural structures like castles and cathedrals?

  • Capital providers
  • Merchants
  • Entrepreneurs
  • Priests and clerics (correct)
  • During the 19th and 20th century, entrepreneurs were mostly viewed from which perspective?

  • Cultural perspective
  • Social perspective
  • Technological perspective
  • Economic perspective (correct)
  • In the 21st century Dotcom Era, what role did entrepreneurs play in the Philippines?

    <p>Heroes of free enterprises</p> Signup and view all the answers

    In the history of entrepreneurship in the Philippines, what system was initially used for starting business trades before transitioning to a money economy?

    <p>Barter system</p> Signup and view all the answers

    What is the meaning of the French word 'entreprende'?

    <p>To undertake</p> Signup and view all the answers

    According to A. H. Cole, what is the purpose of entrepreneurship?

    <p>Initiate, maintain, or aggrandize profit by production or distribution of economic goods and services</p> Signup and view all the answers

    According to Joseph A. Schumpeter, what is the process of entrepreneurship?

    <p>Pursuing opportunities without regard to resources they currently control</p> Signup and view all the answers

    How did Fred Wilson define entrepreneurship?

    <p>The art of turning an idea into a business</p> Signup and view all the answers

    During the Earliest Period (12th-14th century), what was Marco Polo's purpose in establishing trade routes to the Far East?

    <p>To act as a go-between (agent) for trading goods</p> Signup and view all the answers

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