Keynesian Theory on Entrepreneurship

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What is the main purpose of promoting a peaceful and loving community?

To increase competitiveness

To have favorable economic ratings

To encourage entrepreneurship (correct)

To facilitate the flow of money

How does entrepreneurship help in the economic recovery process of the Philippines?

It facilitates the smooth flow of money in the local market

It assists the national government in getting favorable economic ratings

It encourages competitiveness and challenges entrepreneurs to improve their products and services

It helps find an entrepreneurial niche in the world market (correct)

What is the main difference between an entrepreneur and the owner of an ordinary small business?

Entrepreneurs aim to have favorable economic ratings, while small business owners do not

Entrepreneurs focus on improving their products and services, while small business owners do not

Entrepreneurs operate in the global market, while small business owners operate only in the local market

Entrepreneurs open businesses even when there are no opportunities, while small business owners open businesses only when there are opportunities (correct)

Which of the following is NOT a part of the physical environment that can be a source of entrepreneurial ideas?

Technological forces Signup and view all the answers

Which of the following societal environment forces can be a source of entrepreneurial ideas?

All of the above Signup and view all the answers

What is the basic need that an entrepreneur must fulfill in order to establish a successful business?

Identify existing business opportunities Signup and view all the answers

Which of the following is NOT a form of innovation introduced by entrepreneurs according to the text?

New advertising campaign Signup and view all the answers

Whose theory emphasized the role of government in entrepreneurial and economic development during times of economic depression?

John Maynard Keynes Signup and view all the answers

Which book introduced Alfred Marshall's entrepreneurship theory?

Principles of Economics Signup and view all the answers

According to Alfred Marshall's theory, what is the coordinating element among the factors of production (land, labor, capital)?

Organization Signup and view all the answers

What is the primary role of the entrepreneur according to the text?

To introduce innovation in various forms Signup and view all the answers

Which of the following statements is NOT true according to the Keynesian theory?

Entrepreneurship is the sole driver of economic development Signup and view all the answers

What is corporate entrepreneurship?

A process that occurs within an existing business venture Signup and view all the answers

What is the primary focus of this text?

Personal benefits of entrepreneurship in the Philippines Signup and view all the answers

Why does entrepreneurship impact a wide range of areas in the Philippines?

As a result of compounding benefits Signup and view all the answers

What role does entrepreneurship play in the improvement of Filipino lives?

It broadens creativity and improves financial life Signup and view all the answers

How does entrepreneurship benefit the local community?

By contributing to tax collection and creating employment Signup and view all the answers

Why are the listed contributions of entrepreneurship not exhaustive?

Because the effects of entrepreneurship are limitless Signup and view all the answers

Which of the following is NOT part of the industry environment of a business?

Past experiences Signup and view all the answers

Which of the following is NOT considered a cognitive skill for an entrepreneur?

Ability to manage financial resources Signup and view all the answers

What is the first step in the scientific approach to solving business problems?

Defining the real problem Signup and view all the answers

Which of the following is NOT a source of skills mentioned in the text?

Training programs Signup and view all the answers

What does the term 'entrepreneurial skills' refer to?

The set of cognitive, technical and interpersonal skills required in entrepreneurship Signup and view all the answers

Why is problem-solving skill important for entrepreneurs?

Problems are common in managing day-to-day business operations Signup and view all the answers

What should be written at the center of the first page of the general journal?

General Journal Signup and view all the answers

Where should the page number be written in the general journal?

On the rightmost side of the first page Signup and view all the answers

What should be written for the date in the general journal?

The year, month, and day Signup and view all the answers

How should the debit and credit account titles be written in the general journal?

The debit account title should be written first, and the credit account title should be indented from it Signup and view all the answers

What should be done when recording the amount in the general journal?

The debit amount should be written in the first column aligned with the debit account title Signup and view all the answers

What is the purpose of account titles in the general journal?

To provide a description of the type and nature of the business transactions Signup and view all the answers

Keynesian Theory on Entrepreneurship

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Questions and Answers

What is the main purpose of promoting a peaceful and loving community?

How does entrepreneurship help in the economic recovery process of the Philippines?

What is the main difference between an entrepreneur and the owner of an ordinary small business?

Which of the following is NOT a part of the physical environment that can be a source of entrepreneurial ideas?

Which of the following societal environment forces can be a source of entrepreneurial ideas?

What is the basic need that an entrepreneur must fulfill in order to establish a successful business?

Which of the following is NOT a form of innovation introduced by entrepreneurs according to the text?

Whose theory emphasized the role of government in entrepreneurial and economic development during times of economic depression?

Which book introduced Alfred Marshall's entrepreneurship theory?

According to Alfred Marshall's theory, what is the coordinating element among the factors of production (land, labor, capital)?

What is the primary role of the entrepreneur according to the text?

Which of the following statements is NOT true according to the Keynesian theory?

What is corporate entrepreneurship?

What is the primary focus of this text?

Why does entrepreneurship impact a wide range of areas in the Philippines?

What role does entrepreneurship play in the improvement of Filipino lives?

How does entrepreneurship benefit the local community?

Why are the listed contributions of entrepreneurship not exhaustive?

Which of the following is NOT part of the industry environment of a business?

Which of the following is NOT considered a cognitive skill for an entrepreneur?

What is the first step in the scientific approach to solving business problems?

Which of the following is NOT a source of skills mentioned in the text?

What does the term 'entrepreneurial skills' refer to?

Why is problem-solving skill important for entrepreneurs?

What should be written at the center of the first page of the general journal?

Where should the page number be written in the general journal?

What should be written for the date in the general journal?

How should the debit and credit account titles be written in the general journal?

What should be done when recording the amount in the general journal?

What is the purpose of account titles in the general journal?

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Keynesian Theory on Entrepreneurship

Podcast Beta

Questions and Answers

What is the main purpose of promoting a peaceful and loving community?

How does entrepreneurship help in the economic recovery process of the Philippines?

What is the main difference between an entrepreneur and the owner of an ordinary small business?

Which of the following is NOT a part of the physical environment that can be a source of entrepreneurial ideas?

Which of the following societal environment forces can be a source of entrepreneurial ideas?

What is the basic need that an entrepreneur must fulfill in order to establish a successful business?

Which of the following is NOT a form of innovation introduced by entrepreneurs according to the text?

Whose theory emphasized the role of government in entrepreneurial and economic development during times of economic depression?

Which book introduced Alfred Marshall's entrepreneurship theory?

According to Alfred Marshall's theory, what is the coordinating element among the factors of production (land, labor, capital)?

What is the primary role of the entrepreneur according to the text?

Which of the following statements is NOT true according to the Keynesian theory?

What is corporate entrepreneurship?

What is the primary focus of this text?

Why does entrepreneurship impact a wide range of areas in the Philippines?

What role does entrepreneurship play in the improvement of Filipino lives?

How does entrepreneurship benefit the local community?

Why are the listed contributions of entrepreneurship not exhaustive?

Which of the following is NOT part of the industry environment of a business?

Which of the following is NOT considered a cognitive skill for an entrepreneur?

What is the first step in the scientific approach to solving business problems?

Which of the following is NOT a source of skills mentioned in the text?

What does the term 'entrepreneurial skills' refer to?

Why is problem-solving skill important for entrepreneurs?

What should be written at the center of the first page of the general journal?

Where should the page number be written in the general journal?

What should be written for the date in the general journal?

How should the debit and credit account titles be written in the general journal?

What should be done when recording the amount in the general journal?

What is the purpose of account titles in the general journal?

More Quizzes Like This

Keynesian Theory in Money &amp; Banking: Lecture Three

Economics Unit Test: Supply and Demand, Keynesian Theory, Public Reven...

Innovation and Economic Theories

Teoría Keynesiana del Empleo

Keynesian Theory in Money & Banking: Lecture Three