Types of Entrepreneurships Quiz

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Questions and Answers

What is the main focus of Social Entrepreneurs?

  • Buying out existing small businesses
  • Supporting big corporate organizations
  • Pursuing innovative solutions to community-based problems (correct)
  • Creating fresh ideas for new businesses

How do Serial Entrepreneurs differ from other types of entrepreneurs?

  • They are not interested in gaining profits
  • They focus on buying out small businesses
  • They constantly create fresh ideas and start new businesses (correct)
  • They work within big corporate organizations

What is the main goal of the Philippine Development Plan (PDP)?

  • Promote foreign investments over local businesses
  • Foster innovation and contribute to economic growth (correct)
  • Support large corporations in the country
  • Eliminate small businesses to reduce competition

What is the main objective of the Philippine Chamber of Commerce and Industry?

<p>Support local chambers and industry associations of all sizes (C)</p> Signup and view all the answers

What role does Intrapreneurship play in entrepreneurship empowerment?

<p>Empowering individuals within big corporate organizations to innovate (A)</p> Signup and view all the answers

What are the key activities provided by Go Negosyo Communities for entrepreneurship empowerment?

<p>Offering mentorship programs, business summits, and capacity-building activities (C)</p> Signup and view all the answers

What is the key objective of understanding the entrepreneurial mindset?

<p>To enhance skills and open up opportunities (B)</p> Signup and view all the answers

Who can possess an entrepreneurial mind according to the text?

<p>Self-employed individuals and government agencies (D)</p> Signup and view all the answers

What is a characteristic of an entrepreneurial mind?

<p>Specific beliefs, attitudes, and conducive behavior to success (A)</p> Signup and view all the answers

In what way do government agencies contribute to societal challenges?

<p>By initiating innovative projects and programs (A)</p> Signup and view all the answers

What do self-employed individuals like consultants do according to the text?

<p>Create and deliver value through specialized services or products (D)</p> Signup and view all the answers

How can non-profit organizations benefit from an entrepreneurial mindset?

<p>By creating sustainable solutions for social issues (A)</p> Signup and view all the answers

What does the term 'Evaluation' typically communicate?

<p>A judgment on whether an opportunity will receive resources (A)</p> Signup and view all the answers

Which of the following is NOT considered in the self-analysis for entrepreneurship?

<p>Availability of financial resources (D)</p> Signup and view all the answers

What is one of the key aspects to consider when assessing business opportunities according to Module 2?

<p>Applying basic criteria creatively (A)</p> Signup and view all the answers

What should entrepreneurs assess in terms of financial components when evaluating their chances of success?

<p>Assess financing from seller, investors, and lenders (D)</p> Signup and view all the answers

What is the primary role of the Department of Trade and Industry (DTI) in supporting MSMEs?

<p>Screening and evaluating business opportunities (A)</p> Signup and view all the answers

Why is thinking 'out of the box' emphasized in identifying business opportunities?

<p>To come up with original and innovative ideas (B)</p> Signup and view all the answers

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