23 Questions
What personal attribute includes persistence and the ability to bounce back after rough times?
Dedication
Which personal attribute involves the ability to create rules and set goals?
Leadership
What is a key required skill for entrepreneurs?
The ability to multitask
Which attribute refers to the extremely strong desire to achieve success?
Passion
What is typically a challenge for entrepreneurs?
Consistent and stable earnings
What is defined as the ability to move quickly in response to changing market needs?
Flexibility
What is a key responsibility of a business consultant?
All of the above
Which attribute comes from thorough planning and reduces uncertainty and risk?
Smarts
What is a key skill needed for a sales role in entrepreneurship?
All of the above
What type of position would someone with entrepreneurship training and education be well-prepared for?
All of the above
What is NOT a typical educational requirement for entrepreneurs?
Specific degree programs
What is a key difference between entrepreneurs and employees based on the text?
Entrepreneurs value wealth over job security, while employees value job security over wealth.
Which group tends to have more control over the direction of the company they are involved with?
Entrepreneurs
What is a common feature of entrepreneurs according to the text?
They have a high tolerance for risk
How do entrepreneurs and employees differ in terms of income tax payment based on the text?
Entrepreneurs pay taxes on net income, while employees pay taxes on total income.
Which group is more likely to make money even when others are asleep?
Entrepreneurs
What is described as the spark that drives the development of new products or services according to the text?
Creativity
What is a key objective of studying Entrepreneurship according to the text?
To understand basic concepts and characteristics
What does Entrepreneurship instill in individuals according to the text?
Confidence and creativity
How does Entrepreneurship affect the economy based on the text?
Stimulates the economy
According to the 1987 Philippine Constitution, what role does entrepreneurship play?
It supports equitable distribution of income and wealth
What key aspect is Entrepreneurship more than according to the text?
Just an economic term
In what ways does Entrepreneurship contribute to economic development as mentioned in the text?
By ensuring social justice and innovation
Test your knowledge on the importance, basic concepts, and characteristics of entrepreneurship. Explore job opportunities and understand the relevance of entrepreneurial activities in economic development.
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