Entrepreneurship

Which Filipino trait would MOST likely lead an entrepreneur to start a business that benefits their local community?

A small business owner notices a significant drop in sales after a new, large corporation opens nearby. Which factor affecting entrepreneurial success is MOST directly impacting this business?

A vendor increases the price of bottled water significantly after a major earthquake, taking advantage of increased need. This is an example of what?

Which scenario BEST demonstrates the concept of opportunity cost for an entrepreneur?

Which of the following is the LEAST practical way an entrepreneur can address weakness, such as a lack of business management experience?

A business owner borrows money to expand operations and is charged an additional percentage on top of the principal amount. What is this additional charge called?

Why was the decision made to change the 20 PHP bill into a coin?

How do investment and insurance differ in terms of benefit conditions?

An individual has a gross income of 50,000 PHP, with taxes totaling 8,000 PHP. Following the recommended wealth creation planning, what should be the first step in determining an ideal budget?

Which investment category includes assets known for their high liquidity, allowing easy access to funds?

Wealth creation is only about earning a high salary.

Filipino culture emphasizes strong family ties, which can influence family businesses.

A stable economy and supportive government policies are factors that contribute to a good environment for entrepreneurship.

Unethical selling includes misleading claims and false advertising.

Maintenance medicines are only for short-term use.

Culture has no impact on consumer behavior and business operations.

Opportunity cost refers to the value gained from making a decision.

An entrepreneur should never take risks.

Profit (tubo) is the amount added to the base price of a product.

The transition from gold to paper money was made to make transactions easier.

The 20 PHP bill was replaced with a coin because coins have a shorter lifespan.

Insurance and investment are the same and should always be mixed together.

A good wealth creation plan includes budgeting, investing, and reducing unnecessary expenses.

Healthy debt refers to loans that are manageable and beneficial, such as business loans.

A credit card is a type of investment.

Inflation decreases the purchasing power of money over time.

Cash equivalents are assets that can be easily converted into cash.

Ownership investments involve acquiring assets like stocks and real estate to gain returns. (

Budgeting is not necessary for wealth creation.

Tracking progress and adjusting the budget regularly is important for financial stability.

The process of accumulating assets, investments, and financial security over time is called ____________

The Filipino culture emphasizes strong ______________, which influence family businesses.

The ______________ cost is the value lost when choosing one option over another.

______________ investments involve acquiring assets like stocks, real estate, and businesses to gain returns.

______________ refers to the extra amount earned after covering costs in a business.

The transition from ______________ to paper money made financial transactions easier.

The 20 PHP bill was replaced with a ______________ because it has a longer lifespan.

A ______________ is a type of financial protection that helps cover risks and unexpected events.

______________ refers to the rising prices of goods over time, decreasing the purchasing power of money.

The five-step budgeting plan includes creating a budget, tracking progress, automating savings, revisiting the budget, and ______________.

What do you call a type of selling that includes misleading claims and false advertising?

What financial concept refers to loans that are manageable and beneficial, such as business loans or student loans?

What is the term for assets that can be easily converted into cash, such as savings accounts or treasury bills?

What is the act of setting aside money regularly to accumulate funds over time?

What is the process of using money to acquire assets that will generate income or appreciate in value?

What do you call an expense that is not necessary and can be reduced to save money?

What is the term for a financial plan that allocates income to expenses, savings, and investments?

What do you call the category of investment where an individual extends credit to others, expecting a return?

What financial tool allows users to borrow money for purchases but must be paid back with interest?

What is the term for the amount deducted from income before reaching disposable income?