ENTREPRENEURIAL QUIZ 1

Who is considered a Filipino entrepreneur?

• A person working abroad

• A person who manages a large international company

• A person engaged in micro or small and medium scale businesses.

• A government employee.

What is an example of a micro-scale enterprise?

• Garment manufacturing

• Sari-sari stores

• Furniture making

• Auto-repair shop

Which of the following products is usually produced in small and medium-scale industries in the Philippines?

• Bakeries and pastry shops

• Barber shop & salons

• Mobile phones loading stations.

• Street food vendors

Entrepreneurs are known for their ability to:

• Avoid risks

• Willingness to take risks.

• Rely solely on employment

• Wait for others to lead the business

A mobile store that sells goods on the street is an example of

• Micro-sclae enterprise

• Macro-scale enterprise

• Medium-scale enterprise

• Small and medium scale enterprise

Entrepreneurs only work in large-scale industries.

• TRUE

• FALSE

Entrepreneurs help the economy by creating jobs and offering new services.

• TRUE

• FALSE

Food processing and hardware stores are example of small and medium scale enterprises.

• TRUE

• FALSE

An examples of micro-scale enterprise in the Philippines are:

• Barbershops and salons

• furniture making

• auto-repair shops

10. Why is the Filipino entrepreneur important in our economy?