WorksheetsENTREPRENEURSHIP (3)
Total questions: 12
Worksheet time: 30mins
An Austrian-American economist who first articulated the importance of entrepreneurship to the economy
Jean Baptiste Say
Vaan Praag
Joseph Schumpter
Richard Cantillon
A contribution in the economy where businesses employ people who possess different competencies
Create employment
Develop new market
Introduce innovation
Stimulate investment in the new business
The following should be an entrepreneur's characteristics EXCEPT:
Opportunity-seeker
Creative
Resourceful
Double-minded
What are the social benefits of innovation in entrepreneurship?
Stabilize the operations
Cheaper selling price
Easier and faster transactions
Additional business venture
This is one of the contributions in the economy where indigenous resources are being utilized and mobilized
Creates employment
Generates new sources of materials
Introduces innovation
Develops new market
How does new material in the business help people in terms of transactions?
Search for better and cheaper sources of materials
Commercialize economic growth
Seek new buyers or costumers
Invest in the business benefits it offers
Small and Medium Enterprises (SMEs) will always look for:
New business venture
Infrastructure facilities
Cheaper and local materials
License to operate business
What do cheaper products and services require to entrepreneurs?
Stagnant operation
Stiff competition
Mild competition
On-going operation
What do entrepreneurs pay for every product or service sold in the market?
Revenue
Net income
Debit
Taxes
Entrepreneurs are emulated by what generation?
Young adult generation
Younger generation
Adult generation
None of the above
How will entrepreneurs increase their contribution in terms of people's convenience in the society?
Do you believe that the importance of entrepreneurship is based on the changes in the structure of business and society? Why or why not?
