Statement 1: An employee is someone who works for an employer.

Statement 2: Employees are the people you hire to work for

your business.

Statement 1: As a profitable venture, entrepreneurship has a worldwide economic contribution.

Statement 2: With this, entrepreneurs have huge role in the development of the country.

The following statements describes entrepreneurship, except

Entrepreneurship is an execution of

They are innovators, willing to take risks and generate new ideas to create unique and potentially profitable solutions to modern-day problems. They are those who undertake the risk of new enterprises.

Entrepreneurship is an execution of

Steve Jobs created a whole new industry for gadgets for music and boosted the music industry with his invention of the iPod and the downloading of music through iTunes. Apple, the company he founded, saw its sales grow by leaps and bounds with these products. This type of entrepreneurial enterprise involve

Mang Inasal took the country by storm because its founder correctly perceived a need of people for affordable, quick-served inihaw or grilled chicken Thus, this business was founded and flourish, to the extent of offering very real competition to Jollibee’s popular Chicken Joy. This type of entrepreneurial enterprise involve

Mang Inasal took the country by storm because its founder correctly perceived a need of people for affordable, quick-served inihaw or grilled chicken Thus, this business was founded and flourish, to the extent of offering very real competition to Jollibee’s popular Chicken Joy. This type of entrepreneurial enterprise involve

Statement 1: Entrepreneurship is a reality that has already become a buzzword in the lives of most Filipinos.

Statement 2: Entrepreneurs, who are the founders and builders of enterprises and businesses, are often called the new heroes, who with their vision and hard work, and with their efforts to provided jobs and opportunities to many people, hope to move the country towards progress

What do you call to individuals who are willing to absorb huge risks of using enourmous amounts of capital in their business ventures?

These are individuals who are engaged in micro or small businesses as an alternative formal employment.

These are your abilities to ground yourself so that you are secure and self-assured in whatever situation you may find yourself.

These are your ability to lead, influence, communicate, supervise, negotiate, and control people at all levels. It is the ability to get along with people and motivate people to perform jobs. Entrepreneurs must effectively manage people.

These are set of particular abilities and knowledge that sets a company apart from its competitors. It also refers to the key characteristics that successful entrepreneurs should have in order to be successful.

Statement 1: It is not important to formulate a strategy, which should include an articulation of a plan and how this is going to be implemented.

Statement 2: Entrepreneurial discipline is often referred to as the ENTREPRENEURIAL PROCESS - which involves several stages from the awareness of an opportunity to the realization of a business idea.

This is the step in entrepreneurial process wherein the entrepreneur identifies and evaluates the business opportunities.

This is the step in entrepreneurial process wherein , an entrepreneur needs to create a comprehensive business plan.

This is the step in entrepreneurial process wherein the entrepreneur identifies the sources from where the finance and the human resource can be arranged. Here, the entrepreneur finds the investors for its new venture and the personnel to carry out the business activities.

This is the step in entrepreneurial process that pertains to the strategies related to the expansion of the business firm. It also covers mechanisms for addressing conditions in the business environment that may affect the future of the firm.

These refers to the typical characteristics, abilities that are associated with successful entrepreneurs. 

This term is considered as personal orientations which might lead to owning a business or becoming self-employed. 

It refers to the systematic and rational way of providing an answer to a question. It also explains what is going on. In businesses, a critical thinking is useful in explaining how a firm can survive and remain stable. Many tools in business analysis make sue of analytical thinking.

It refers to thought processes that being about the discovery of new ideas. Unlike critical thinking, it does not follow a systematic or analytical process since it looks at things from different perspectives. Sometime creative ideas start from a dream, an insightof from mere observation.

It involves thought processes that assess current situation that can be useful in the formulation of plans. It is like critical thinking since it uses an orderly and logical system in its assessment. But it also resembles creative thinking in its growth and future orientation.

It is describe as uncertain situations and developments that can increase the probability of loss of business failure.

This is a type of risks wherein the dangers are coming from the management of resources of a business enterprise

This is a type of risks wherein threats are coming various elements outside the business firm.

This is the process of identifying, assessing and responding to these risks.

This refers to the ability of individuals to be involved in the process of producing several ways of decision-making based on the identification and management of changes in their environment. It requires qualities of flexibility, dynamism and self-control on the part of the entrepreneur.

TRUE OR FALSE:

An Entrepreneur must hesitate for personal or other reasons.

TRUE OR FALSE:

Business involves many risks, which an entrepreneur must hesitate to

take.

TRUE OR FALSE:

New ideas help make a business venture successful.

TRUE OR FALSE:

 Entrepreneurial behavior cannot be learned and developed.