Entrepreneurship in Tourism and Hospitality

What is the best definition of entrepreneurship?

• The process of buying and selling products

• The act of starting and managing a business to generate profit

• A job that involves working for a company

• A government program to support small businesses

Who is credited with coining the term "entrepreneur"?

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Which of the following is NOT a characteristic of a successful entrepreneur?

• Curiosity

• Risk-taking

•  Avoiding change

• Innovation

Entrepreneurship is only about starting a small business and does not involve innovation.

• True

• False

An entrepreneur is someone who takes risks, identifies market opportunities, and applies their expertise to create a business.

• True

• False

10 CHARACTERISTICS OF SUCCESSFUL ENTREPRENEUR

Which government agency is responsible for business name registration for sole proprietors in the Philippines?

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What is the main purpose of the Social Security System (SSS)?

• To provide employment opportunities

• To offer social insurance to employees and employers

• To regulate travel and tour businesses

• To promote cultural events in the country

What is the primary role of private agencies in the tourism industry?

• Enforce labor laws and regulations

• Provide investment capital for start-up businesses

• Offer specialized services such as travel planning

  and event management

• Manage tax collection from tourism businesses

Which of the following is a type of transportation that plays a vital role in tourism?

• Air travel

• Ride-sharing apps

• Maritime transport

• All of the above