ENTREP

Question 1

is a key driver of our economy

Answer 1

Entrepreneurship

Question 2

TRUE OR FALSE: Wealth and a high majority of jobs are created by small businesses started by entrepreneurially minded individuals, many of whom go on to create big businesses

Answer 2

TRUE

Question 3

TRUE or FALSE: People exposed to entrepreneurship rarely express that they have more opportunity to exercise creative freedoms, higher self esteem, and an overall greater sense of control over their own lives.

Answer 3

FALSE

Question 4

is a life long learning process, starting as early as elementary school and progressing through all levels of education, including adult education

Answer 4

Entrepreneurship education

Question 5

Choose a job you love, and you will never have to work a day in your life was stated by…

Answer 5

Confucius

Question 6

Entrepreneurship was derived from the French word
…, which means …

Answer 6

entrependre, to undertake

Question 7

For …, literatures agree that it is a kind of behavior that includes.
- Initiative taking
- Organizing and recognizing of social/economic mechanisms to turn resources and situations to practical account
- Acceptance of risk and failure

Answer 7

Albert Shapero

Question 8

A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.

Answer 8

Entrepreneur

Question 9

Readiness and ability in initiating action.

Answer 9

Initiative

Question 10

The hazard or chance of loss.

Answer 10

Risk

Question 11

% of the Filipinos expressed interest to make entrepreneur as a good career choice

Answer 11

85%

Question 12

% of Filipinos engaged in early stage entrepreneurship belong to the group of 18 to 34 years old.

Answer 12

45%

Question 13

Characteristics of an Entrepreneur

Answer 13

• Creating something different with value
• Assuming accompanying financial, psychic, and social risks
• Receiving the resulting rewards

Question 14

Cecilio K Pedro

Question 15

ROLE AND SIGNIFICANCE OF ENTREPRENEURS

Answer 15

• New Employment
• Addition to National Income
• Social Change
• Community Development

Question 16

Less than P50,000

Answer 16

Micro

Question 17

P50,001 to P500,000

Answer 17

Cottage

Question 18

P500,001 to P5,000,000

Answer 18

Small

Question 19

P5,000,001 to P20,000,000

Answer 19

Medium

Question 20

this job entails conducting risk evaluation, control techniques, business impact analysis, as well as emergency response policies.

Answer 20

Business Planner

Question 21

this involves duties such as conducting economic and financial research and analysis, exploring the best practice policies, and researching on market mechanisms.

Answer 21

Research Associate

Question 22

is responsible for creating a business plan, implementing this plan, obtaining finances for the business, managing resources, monitoring sales, and managing the employees

Answer 22

Business Owner

Question 23

this refers to an advisor who helps investors with their investment planning. They formulate clients investment strategies, aid them with the implementation, and help them fulfill their goals.

Answer 23

Investment Consultant

Question 24

this job entails monitoring and analyzing market trends, studying competitors products, improving existing products or services, and identifying target markets.

Answer 24

Marketing Manager

Question 25

this involves working in a university or college to teach students about the field of Entrepreneurship

Answer 25

Academician –

Question 26

answers phone calls and inquiries of clients and provides customer support, usually to people from other countries

Answer 26

Call center agent

Question 27

this job entails providing administrative support in an organization. Some of the job duties include sorting and mails and documents, writing business letters, answering phone calls, and other administrative tasks

Answer 27

Administrative Assistant

Question 28

– this job entails servicing existing accounts, obtaining orders, establishing new accounts, keeping the management informed by submitting sales reports, recommending changes in products or services, and resolving customer complaints.

Answer 28

Sales Representative

Question 29

this job involves processing new sales leads, monitoring customer accounts, keeping track of sales targets, and providing important data to help the sales team.

Answer 29

Sales Support

Question 30

this job involves interacting with the customers to provide information or assistance regarding the company’s products, services, or operations.

Answer 30

Customer Service Officer

Question 31

this involves generating potential business clientele through marketing campaigns and programs.

Answer 31

Leads Management

Question 32

this job entails building an annual operating budget for the company, managing purchases and labor practices, writing reports on labor costs, and providing profit estimate reports.

Answer 32

Cost Controller

Question 33

this job involves deciding which goods to stock in the shops or what supplies should be bought for the production of goods. A ... is always involved in buying and selling of goods

Answer 33

Merchandiser

Question 34

this job entails tasks such as maintaining files and records, tracking policy renewal dates, and contacting customers who are delinquent in their payment.

Answer 34

Insurance Clerk –

Question 35

are responsible for the general operations of a store, planning the daily schedule of employees, creating and maintaining budgets, as well as interviewing and hiring employees.

Answer 35

Store Manager

Question 36

this job involves contacting customers on past due accounts, account reconciliations, reviewing account information, monitoring collection problems, and working with others in the company to resolve payment issues.

Answer 36

Credit and Collection Clerk

Question 37

– this job entails analyzing credit data and financial statements, preparing reports that include the degree of risk involved in extending credit, evaluating customer records, doing credit analysis, and conferring with credit association and other business representatives text change credit information.

Answer 37

Credit Analyst –

Question 38

– this involves analyzing monthly department budgeting, directing the preparation of budget reports, consulting with managers about budget adjustments, providing advice and technical assistance regarding budget preparation, summarizing budgets, as well as submitting recommendations that are subject

Answer 38

Budget Analyst

Question 39

doing online jobs for clients abroad, such as data entry, article writing, SEO, customer support, administrative support etc., which mainly depends on your skills

Answer 39

Freelancer working online

Question 40

is the ability to bring something new into existence.

Answer 40

CREATIVITY

Question 41

is the process of doing new things or bring new ideas or new process or new products or new services into reality.

Answer 41

innovation

Question 42

Entrepreneurial Competencies

Answer 42

McClelland and McBer (1985)

Question 43

Entrepreneurial Competencies are

Answer 43

1. Initiative 2. Sees and acts on opportunities 3. Persistence 4. Information Seeking 5. Concern for High Quality of Work 6. Commitment to Work Contract 7. Efficiency Orientation 8. Systematic Planning 9. Problem Solving 10.Self-Confidence 11. Assertiveness 12.Persuasion

Question 44

is delivered to your customers when you do something for them

Answer 44

Value

Question 45

Value are

Answer 45

* Better * Cheaper * Faster * Cooler * Different