29 Questions
What are the types of resources required by an entrepreneur to establish and run a new enterprise?
Workers and customers
Who is a Social Entrepreneur?
A provider of products/services aiming for social benefit
Which type of entrepreneur is concerned with starting a new enterprise when the current one is successful?
Serial Entrepreneur
What are the primary contributions of an entrepreneur?
Both economic and social benefits
What do Filipino values favorable to entrepreneurship promote?
Innovation and perseverance
What distinguishes an intrapreneur from other types of entrepreneurs?
Innovating within an established company
What is one of the main responsibilities of an entrepreneur according to the text?
Developing new technologies and products
What is a key characteristic of an entrepreneur's role in terms of visioning?
Inspiring others with a vision
Why do people generally resist innovation according to the text?
Because they prefer the status quo
Which function is NOT part of an entrepreneur's managerial role according to the text?
Reacting
What does an entrepreneur do before implementing new ideas according to the text?
Study his moves and do groundwork
How does an entrepreneur align his organization with the environment according to the text?
By aligning the organization with the external environment
What term in Filipino culture represents a sense of community cooperation and unity?
Utang na loob
Which concept in entrepreneurship involves the act of taking calculated risks?
Bahala na
Which term refers to the Filipino trait of imitation or copying as a way to prepare for entrepreneurship?
Gayagaya
What promotes ethical business practices and sincere intentions when dealing with others?
Katapatan
Which Filipino trait is characterized by a high sense of adventure and excitement for new experiences?
Pakikipagsapalaran
What is a key characteristic of an entrepreneur according to the text?
Introducing new products and innovations
Why is capital important for starting a business, as per the text?
To provide the initial funding required for business operations
What is the significance of profit in a business, based on the text?
Profit is a financial reward for resources put into the venture
What does an entrepreneur do in terms of risks, according to the text?
Minimize risks by systematically analyzing potential outcomes
How does entrepreneurship contribute to the economy, as mentioned in the text?
By modernizing the economy through new technologies and industries
What role does entrepreneurship play in employment generation according to the text?
It contributes to creating more jobs and more income
What is the attitude represented by 'Bahala na'?
Neglecting planning and analytical process
What type of enterprise has 10 to 99 employees according to the classification provided?
Small Enterprise
What is a common cause of enterprise failure as mentioned in the text?
Inadequate cost analysis and financial recording system
What does 'Colonial Mentality' refer to in the context of the text?
Believing imported items are superior to locally made products
Which personal entrepreneurial competency involves the 'Ability to manage time and learn'?
Ability to manage time and learn
What does the 'Crab Mentality' represent in entrepreneurship?
Pulling down fellow entrepreneur
Learn about how entrepreneurs perceive business opportunities, the battle cry of finding opportunities in every human need, the concept of basic human needs to higher needs and wants, and how entrepreneurs take calculated risks by studying potential odds for success and failure.
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