QUIZ 1 UNIT 4 (FINAL TERM)

Maria wants to start a sari-sari store where she will manage everything herself, from ordering goods to selling. What type of entrepreneur is Maria?

• Opportunistic Entrepreneur

• Self-Employed

• Buy-Sell Artist

• Speculator

John sees an opportunity to grow his online store quickly and hires a team to help with marketing and logistics. What type of entrepreneur is John?

• Innovator

• Opportunistic Entrepreneur

• Franchisee

• Acquirer

Anna invented a new kitchen gadget and started a company to manufacture and sell it. Which type of entrepreneur is Anna?

• Innovator

• Speculator

• Buy-Sell Artist

• Franchisee

Paul buys a failing restaurant, changes the menu and management, and turns it into a successful business. What type of entrepreneur is Paul?

• Buy-Sell Artist

• Acquirer

• Speculator

• Self-Employed

Which resource is unique because it cannot be expanded or replaced, and all entrepreneurs have the same amount of it daily?

• Money

• Skills

• Time

• Equipment

A real estate investor buys properties when the market is low and sells them for a profit when prices rise. What type of entrepreneur is this?

• Innovator

• Acquirer

• Speculator

• Franchisee

Which resource is most critical for an entrepreneur who is physically active, mentally alert, and maintains a positive attitude to accomplish their business goals?

• Money

• Equipment

• Energy

• Time

David buys a small business, makes improvements, and then sells it for a higher price. What type of entrepreneur is David?

• Innovator

• Buy-Sell Artist

• Speculator

• Franchisee

Julia starts a franchise of a popular coffee chain. What type of entrepreneur is Julia?

• Acquirer

• Buy-Sell Artist

• Franchisee

• Speculator

Which of the following is an example of an entrepreneur utilizing human resources?

• Purchasing new equipment

• Hiring skilled employees to develop a product

• Renting an office space

• Applying for a business loan