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WorksheetsTLE 7A-CONCEPT OF ENTREPRENEURSHIP
Total questions: 10
Worksheet time: 5mins
___ performs a variety of functions, such as buying and selling goods and services, and it is a medium of exchange.
Barter
Money
Entrepreneurship
Enterprise
In the Philippines, every citizen has a right, within legal limits, to start a business and make profit. This is called ____.
Money economy
Productive economy
Barter trade
Free enterprise
The earnings of a company after all expenses have been paid are called ___.
Profits
Wagers
Resources
Services
A process that enables people to exchange goods or services which are of value is called ____.
Market
Business
Product
Goods
A nonmonetary economy wherein goods are swapped for goods is referred to as ___.
Money economy
Marketing
Free enterprise
Barter economy
Easy money may cause _____.
Income
Debt obligation
Inflation
Financial obligation
The bank which regulates the supply of money resulting in the upward or downward changes in the amount of credit or funds available to investors and producers is the ____.
Landbank
Bangko Sentral ng Pilipinas
Philippine National Bank
Bank of the Philippine Islands
Business enterprises can produce goods and provide services which include natural resources, capital, labor, and technology because of ____.
Productive resources
Profits
Competition
Society
The one who buys and uses goods or services to satisfy one's need is a/an ____.
Entrepreneur
Consumer
Businessman
Capitalist
Among business companies, ____ affects the price and quality of their goods and services.
Competition
Barter trade
Money economy
Tight money
