WorksheetsVirtual Quiz
Total questions: 10
Worksheet time: 4mins
Below are the statements expresses an entrepreneur, except one.
Entrepreneurs are first and foremost innovators.
Entrepreneurs are hardworking.
Entrepreneurs do not apply the "Palabra de Honor".
Entrepreneurs are task oriented.
Filipino entrepreneurs have the concept of working with others from different fields, conscious that with their help, effectiveness can be multiplied . This is what we known as?
Self- Reliant
Industrious
Creative
Helpful
Entrepreneurship is defined as an activity that involves the discovery, evaluation and exploitation of opportunities to introduce new goods and services, ways of organizing, markets, processes, and raw materials through organizing efforts that was previously existed.
True
False
Partly True
Partly False
It is something a person or company owes, usually a sum of money?
Assets
Liabilities
Legal entity
Tax
It is something that provides a current, future, or potential economic benefit for an individual or other entity?
Taxation
Debts
Liabilities
Assets
It is a business that is owned by more than one person?
Corporation
Partnership
Sole Proprietorship
Both A and B
A successful business owner must view all the aspects of the business, such as product, price, cost, inventory, etc., in a related and coordinated manner. It refers to?
Ability to manage others
Ability to manage time and to learn
Ability to conceptualize and plan
Ability to adapt to change
The following are the disadvantages of Sole Proprietorship except one?
Difficulty raising capital
Absence of owner
Lack of continuity in business organization
Limited liability
In a Limited Partnership, all partners share the management of the business and each is personally liable for all the debts and obligations of the business?
True
False
Partly true
Both A and B
A corporation can proceed to business only if, it will be legally declared as?
(a)
