Week 1

Question 1

the system by which the production and consumption of goods and services is organized in a country or community.

Answer 1

ECONOMY

Question 2

is any activity which provides customers with a product(goods/services) with a view to making a profit.

Answer 2

ENTERPRISE

Question 3

the state of being employed or having a job; the occupation for which you are paid.

Answer 3

EMPLOYMENT

Question 4

is defines as an organization or enterprising entity engaged in commercial, industrial, or professional activities.

Answer 4

BUSINESS

Question 5

a risky or daring journey or undertaking.

Answer 5

VENTURE

Question 6

means “to undertake.”

Answer 6

entrepreneur

Question 7

is the process of developing, organizing, and running a new business to generate profit while taking on financial risk.

Answer 7

Entrepreneurship

Question 8

was a Filipino businessman and investor. While his family returned to China, he stayed behind and founded Shoe Mart, a small Manila shoe store, in 1958.

Answer 8

Henry Sy

Question 9

was a Filipino businessman, investor, and philanthropist. His conglomerate company JG Summit Holdings, Inc., had an extensive panoply of business and investment holdings across the Filipino economy.

Answer 9

John Robinson Lim Gokongwei jr.

Question 10

is a Filipino businessman, the founder of the Mang Inasal fast food restaurant chain. In 2011, Sia become the youngest billionaire in the Philippines at the age of 34 after selling his 70% stake in Mang Inasal to Jollibee.

Answer 10

Edgar Sia II

Question 11

the founder and chairman of Jollibee Food, one of the world’s fastest-growing Asian restaurant chains. Jollibee operates more than 3,300 eateries in the Philippines and more than 2,500 stores overseas.

Answer 11

Tony Tan Cationg

Question 12

She is the co-founder of National Book Store, the largest bookstore chain in the Philippines.

Answer 12

Socorro Ramos