Types of Business for Entrepreneurs (Size & Forms of Ownership)

What is the asset size of a micro enterprise?

• P50,000 or less

• P250,000 or less

• P500,000 or less

• P5 million to less than P20 million

Which type of enterprise is usually a home-based business operating in makeshift or temporary quarters?

• Micro Enterprise

• Cottage Enterprise

• Small Enterprise

• Medium Enterprise

How many people does a cottage enterprise typically employ?

• often managed and operated by family members

• 10 to 20

• More than 20 - 100

• 100 or more

What is the asset size of a small enterprise?

• P50,000 or less

• P250,000 or less

• P500,000 - P2.5M

• P5 million to less than P20 million

Which type of enterprise is owned by a single individual, business partners, or a corporation?

• Micro Enterprise

• Cottage Enterprise

• Small Enterprise

• Medium Enterprise

How many people does a medium enterprise typically employ?

• One to not more than 10

• 10 to 20

• 20 - 100

• 100 or more

What is the asset size of a large enterprise?

• P50,000 or less

• P250,000 or less

• P500,000 or less

• P20 million or more

Which type of enterprise is large in scope of operation and number of products or services it offers to the market?

• Micro Enterprise

• Cottage Enterprise

• Small Enterprise

• Large Enterprise

What is the form of ownership for a single proprietorship?

• Owned and usually managed by one person

• An association of two or more persons

• An artificial being created by operation of law

• A duly registered association of persons

Which form of ownership is relatively easy to set up and has availability of more capital and credit?

• Single Proprietorship

• Partnership

• Corporation

• Cooperative