Entrepreneurship 1st Quarter-Rowie

What set of personality traits would be highly advantageous for someone aspiring to become an entrepreneur?

• Planner, Perseverance, Initiative, Consultant

• Proactive, Problem solver, Risk taker, Innovative

• Teacher, Researcher, Sales, Reporter

• Risk taker, Decisive, Impulsive, Hardheaded

If your goal is to become an innovative entrepreneur, which characteristics and qualities should you strive to embody?

• You should be able to create new things but only follow the ideas of other entrepreneurs

• You don’t initiate but follow only after they are satisfied.

• You should be the one who always make new things by thinking of new ideas.

• You have the ability to think traditional, better and more economical ideas.

. Your mother is considering the idea of establishing a restaurant near your home as other source of income. The statements below highlight the importance of entrepreneurship, with the exception of one:

• Not only the life of the entrepreneur is improved but also the society where the business is located.         

• Engaging in entrepreneurship ensures an improvement in an individual's economic standing."

• Entrepreneurship will lead to the creation of numerous businesses, each subject to taxation.

• Entrepreneurship will lead to the creation of numerous businesses, each subject to taxation.

Imagine the town of Pagbilao, Quezon facing economic stagnation with limited job opportunities and declining revenues. Several individuals decide to start their own businesses, offering various products and services. Over time, the town experiences a revival in its economic prospects. What does this situation exemplify?

• The negative impact of entrepreneurship on the economy.

• The relevance of entrepreneurship to economic development.

• The positive influence of entrepreneurship on the economy.

• The limited role of entrepreneurship in economic growth.

One of the core skills of an entrepreneur is engaging in economic and dynamic activities, analyze the most precise description of it from the options provided below.          

• It constantly looks for new ideas, thus he needs to be creative.

            

            

            

• It involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources.

• It encompasses establishing and running a business with the aim of generating profit or wealth by maximizing the efficient use of limited resources.

• It entails the establishment and management of a business with the objective of product or money through the efficient utilization of unlimited resources.

If you possess expertise in the field of entrepreneurship and can provide valuable advice to other entrepreneurs and prospective business professionals, identify what potential career paths are available to you?

                                       

•  Business consultant 

• Businessman

• Business Researcher

•      Business Sales

Cherry is a professional in the field of entrepreneurship, and her responsibilities include collecting and analyzing information, data, and market trends to offer valuable insights, recommendations, and solutions for aiding an organization's strategic decision-making. Identify what is her career?

                             

•   Business Researcher   

•          Teacher   

• Business Consultant 

• Sales Consultant

The terms 'Entrepreneurship' and 'Entrepreneur' are closely interconnected. When comparing these two words, what are some distinctions between them?

         

         

        

• Entrepreneurship emphasizes the process, actions, and strategies involved in identifying opportunities, organizing resources while entrepreneur word limits on individual's characteristics, skills, and abilities, as they are responsible for making decisions.

• Both terms involve the objective of generating income while working within resource constraints.

           

• The focus of entrepreneurship is on the internal business environment while entrepreneurs primarily focused on their personal qualities and weaknesses.

•   Entrepreneurship is the process of creating, developing, and managing a business while an entrepreneur is an individual who initiates, organizes, and manages a business.

As a recent high school graduate with proficiency in Welding and Metal Arc, if you're not considering college, using your knowledge, what career opportunities can you explore based on your acquired skills and expertise?

         

      

        

• Establish a welding service business to make a livelihood.

•     Take on welding projects to earn income and build savings.

•           Search for employment in a welding-related field.

•   Teach shielded metal arc and welding.

As a future entrepreneur, analyze the meaning of the phrase "Business is a gamble”.

       

     

         

•           Business like gambles require capital and revolving fund.

•    Business decisions, require careful consideration and assessment of potential rewards.

•      Business ventures can be unpredictable and that outcomes are uncertain due to risks.

• This phrase highlights that engaging in business activities is a guaranteed path to success.