Opportunity Seeking (ENT 102) - Quiz No. 1

The owner of a business who invests his/her resources to bring an idea to life, set directions that transform that idea into reality, thus providing and gaining value that balances effort, purpose and profit.

• Enterprise

• Entrepreneur

• Innovator

• Investor

What is the key factor for success if the owner is a risk taker in investing his/her resources?

• Commitment

• Coordination

• Competency

• All of the above

If an entrepreneur makes things happen and ensure that all the interdependent variables are in harmony to attain defined goals, what success factor is being utilized?

• Commitment

• Coordination

• Competency

• None of the above

It is the process of introducing new process, product, service or business model to the marketplace that becomes commercially successful.

• Investment

• Innovation

• Business

• Modeling

What is the requisite for business?

• Cash

• Receivables

• Inventories

• Profit

This principle states that there are three essential elements to create profit for a business idea includes cash, inventories and receivables.

• Gate Model of Propensity

• Competencies of Enterprise

• Wealth Conversion Principle

• Hierarchy of Needs

To guide the entrepreneur in his or her choice, the initial decision is to have a business partner which will become an asset of the enterprise. What Ss requisite to prosperity is needed?

• Speed

• Spread

• Squad

• Self

Mang Ambo has incurred P1M of accounts receivables from his business that makes him financially challenge during the last quarter of 2018. What Ss requisite to prosperity is needed?

• Speed

• Spread

• Squad

• All of the above

To become a successful entrepreneur, Maria Makiling identify her KFS and found out that she is having a combination of ability, attitude and behavior to do a particular role or job repetitively well. What KFS does she has?

• Commitment

• Coordination

• Competency

• All of the above

This offers financial independence, personal freedom and fulfillment of other desires of entrepreneur which also represents the goals and symbols of business and personal success of every aspiring entrepreneur.

• Gate of Prosperity

• Gate of Propensity

• House of Prosperity

• House of Propensity