Entrepreneurship and its History

Entrpreneurship is the process of creating a new enterprise and bearing any of its risks, with the view of making the profit

• True

• False

• Maybe

• I don't know

Entrpreneurs is a person who organizes and operates

a business or businesses, taking on

greater than normal financial risks in

order to do so.

• Maybe

• False

• True

• I don't know

He was the first person who uses the term entrpreneur

• John Maynard Keynes

• John Baptiste Say

• Joseph Schumpeter

• Richard Cantillon

He is the father of Modern Macroeconomics

• John Maynard Keynes

• John Baptiste Say

• Joseph Schumpeter

• Richard Cantillon

He is the father of Entrepreneurship

• John Maynard Keynes

• John Baptiste Say

• Joseph Schumpeter

• Richard Cantillon

He is a French economist who said, "The Entrpreneur shift economic resources out of an area of lower and into an area of higher productivity and great yield"

• John Maynard Keynes

• John Baptiste Say

• Joseph Schumpeter

• Richard Cantillon

The 1987 Philippine Constitution recognizes entrpreneurship as an engine of economic ____

• depletion

• loss

• growth

• inflation

The first known instance of humans trading

comes from New Guinea around ________

• 17,000AD

• 17,000BCE

• 17,000CE

• 170,000BCE

trade is also called ______

• obsidian

• goods

• commerce

• service

During Middle Ages, Entrepreneur did not take any risk because all the resources are provided by the government

• I don't know

• Maybe

• False

• True