THC7 Module 1 Quiz

True or False.

The goal of a business enterprise is to gain profit and increase revenue by offering products and services regardless of its values and prices.

• TRUE

• FALSE

True or False. Creative entrepreneurs understand that their ability to adapt to changing consumer tastes and preferences and their agility to meet new technologies head-on will ensure their company’s survival in the long run.

• TRUE

• FALSE

Refers to what is acceptable and good conduct and character.

• morals

• ethics

• passion

• behavior

Key to crafting new ideas and processes.

• Passion

• Entrepreneurial Passion

• Creativity

• Innovative

These are qualities, behaviors, and soft skills that are exhibited when interacting and communicating with others.

• BUSINESS COMPETENCIES

• INTERPERSONAL SKILLS

• TECHNICAL SKILLS

• ENTREPRENEURIAL COMPETENCIES

Pertains to the restricted right granted for an invention, including the materials and processes

• PATENT

• TRADEMARK

• COPYRIGHT

A government regulatory body mandated to spearhead the planning, programming, coordinating, and implementing of the development and promotion of the tourism industry.

(WRITE YOUR ANSWER IN CAPSLOCK)

A combination of tangible and intangible elements, such as natural, cultural, and man-made resources, attractions, facilities, services, and activities.

(WRITE YOUR ANSWER IN CAPSLOCK)

Network of tangible or intangible products supported by digital systems.

• Industry 4.0

• Smart technology

• Artificial Intelligence

• Smart products

An emerging business model that is very popular before the pandemic.

• INNOVATIVE COLLABORATION

• SHARING OR COLLABORATIVE ECONOMY

• SMART TECHNOLOGY

• MOBILE WALLET