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Grade 12 > Entrepreneur M1-4 > Flashcards

Entrepreneur M1-4 Flashcards

Quiz 1

1
Q

What term refers to create new business through economic and
innovative activities to turn new ideas to breakthrough solutions?

A

Entrepreneurship

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2
Q

the process/act of introducing new ideas, devices, or methods to an organization?

A

Innovation

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3
Q

What business term is synonymous to an Entrepreneur?

A

Users

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4
Q

all activities involved in securing new and additional resources for your organization that involve making better use of, and maximizing, existing resources?

A

Resource Mobilizing

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5
Q

Whose president issued E.O. 470 establishing the Youth Entrepreneurship Program as an answer to the global call to engage the young in the economic development and nation-building?

A

Gloria Macapagal Arroyo

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6
Q

“entre” = ?

A

“between”

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7
Q

” prendre” = ?

A

“to take”

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8
Q

The process of bringing to an organization new concepts, technologies, or methods. This may mean creating a new service, system, or process, or improving existing ones.

A

Innovation

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9
Q

The ongoing process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm. Example: Lend money, good location.

A

Opportunity Seeking and Exploitation

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10
Q

refers to all activities involved in securing new and additional resources for your organization. It also involves making better use of existing resources and maximizing them. Resource mobilization is often referred to as ‘New Business Development’. Example: investment

A

Resource mobilizing

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11
Q

Entrepreneurs live with uncertainty and risk. They have no choice. The future depends on them. They are responsible for their success and failures and never endures success. Entrepreneurs Example: required hiring more must also learn to manage the pressure and uncertainty of having to assume responsibility for their business and their employees, purchasing more equipment, investing more money, and decision-making.

A

Encountering risk and uncertainties

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12
Q

Example: Money, Benefits, and Perks

A

Economic and personal rewards

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13
Q

an economic, political, and social system that has origins in the desire of private citizens to produce goods and services that the public needs.
The main characteristics of capitalism is the right to own private property, which can include lands, buildings, knowledge, patents, know-how, processes, and whatever assets that are used in creating profit.

A

Capitalism

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14
Q

In the Philippines, entrepreneurship is seen as necessary
to _____ the poor; ____ development, and _____ innovation.

A

empower ; boost ; stimulate

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15
Q

is one of the GO NEGOSYO founder, a national organization that encourages entrepreneurship. He also organizes YES (Young Entrepreneurs Seminars) featuring business tips, advice, and opportunities for young people who want to pursue entrepreneurship.

A

Mr. Joey Concepcion

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16
Q

T or F. Having an entrepreneurship degree will assure a person that his/her business endeavor will be successful.

A

F

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17
Q

T or F. In 1987 constitution, Entrepreneurship recognized as engine to economic growth.

A

T

18
Q

T or F. Marco Polo is considered as one of the early entrepreneurs.

A

T

19
Q

T or F. Entrepreneurship originates from the Greek word entreprende, which means to undertake a business.

A

F

20
Q

Which stimulate work development and employment opportunities?

A

Creating new job openings

21
Q

These are the social benefits of entrepreneurship to the government that provide programs for the people except for:
a. Paying taxes
b. Applying for business permits and licenses to operate business
c. Filing of correct remittances
d. Starting up a business without proper documentation

A

d. Starting up a business without proper documentation

22
Q

Which among the following accompanying concepts show the way towards creating new ideas, methods, or processes?
a. Business Model
b. Modeling
c. Creative flexibility
d. Innovation

A

d. Innovation

23
Q

It is the creation, appropriation, and exchange, just as utilization of products and services by various agents.

A

Economy

24
Q

It refers to the total of individuals living respectively in a pretty much arranged network.

A

society

25
Q

T or F. Entrepreneurship makes the accompanying commitments to the lives of the Filipinos by improving personal satisfaction.

A

T

26
Q

T or F. . Entrepreneur creates business that produces products that meet the wants and needs of consumers

A

T

27
Q

T or F. Entrepreneurship makes a liberal responsibility to the raising and collection of taxes.

A

T

28
Q

T or F. Entrepreneurs ought to consistently on the know with the
technological changes

A

T

29
Q

T or F. Entrepreneur’s undertaking must be fit with the climate conditions in their local area.

A

T

30
Q

T or F. Government policies and administrations, do have a solid impact on business activities.

A

T

31
Q

T or F. Government laws guidelines do not restrict business exercises.

A

F

32
Q

T or F. Environmental Force Matrix is a shortlist of the patterns, issues, and advancements in the distinctive environmental forces that add to any business dynamic.

A

T

33
Q

They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.

A

Innovative Entrepreneurs

34
Q

They are those who don’t create new things but only follow the ideas of other entrepreneurs.

A

Imitating Entrepreneurs

35
Q

They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied.

A

Fabian Entrepreneurs

36
Q

They are those who live on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.

A

Drone Entrepreneurs

37
Q

They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.

A

Social Entrepreneurs

38
Q

List 5 Emotional Competencies of Entrepreneurs

A

Self-awareness
Self-management
Social-awareness
Relationship Management
Cognitive

39
Q

List 5 Functional Competencies of Entrepreneurs

A

Finance
Accounting
Business English
Marketing and Sales
Personal Computing
Production and logistics
Project management
IT
HR management

40
Q

What are the 5 types of entrepreneurs

A

Fabian entrepreneurs
Innovative entrepreneurs
Drone entrepreneurs
Imitating entrepreneurs
Social entrepreneurs

FIDIS

Grade 12 (12 decks)

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