QUIZ 1 - Entrep.

Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its risk in order to make a revenue.

• TRUE

• FALSE

A country with more entrepreneurs is highly likely to become financially independent and will less likely need the help of other countries.

• TRUE

• FALSE

Self-employed entrepreneurs is also known as the freelancers.

• TRUE

• FALSE

Creating a sound business plan, along with the efficient and effective operation of the business, will only benefit the entrepreneurs and its family.

• TRUE

• FALSE

The Go Negosyo Act was enacted in order to “foster national development, promote inclusive growth, and reduce poverty by encouraging the establishment of micro, small, and medium enterprises.”

• TRUE

• FALSE