1ST QUARTERLY EXAM IN HELE 6

1. The development of business from scratch and coming up with an idea and turning it into profitable business.

• Entrepreneurship

• Entrepreneur

• Cooperative

2. An association, the primary purpose of which is to extend help to every member in terms of goods, money or services.

• Entrepreneurship

• Cooperative

• Entrepreneur

3. A sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture.

• Entrepreneurship

• Cooperative

• Entrepreneur

4. This is a kind of store that offers goods and services to the members.

• Consumer Cooperative

• Service Cooperative

• Specialized Cooperative

5. This offers services in terms of medical, dental, hospitalization, insurance, housing, and other related services to his members.

• Credit Cooperative

• Service Cooperative

• Specialized Cooperative

6. This combines two or more of the business functions among the types of cooperatives.

• Multipurpose Cooperative

• Service Cooperative

• Specialized Cooperative

7. This grants loan for productive and provident purposes to its members.

• Credit Cooperative

• Service Cooperative

• Specialized Cooperative

8. Successful entrepreneurs don't care about their customers.

• TRUE

• FALSE

9. Communication is an underlying skill for many people in business (sales included).

• TRUE

• FALSE

10. A positive outlook (Optimism) is essential for the entrepreneur.

• TRUE

• FALSE