WorksheetsGEE-TEM Final Exam
Total questions: 50
Worksheet time: 27mins
The capacity for innovation, investment and expansion in new markets, products and techniques.
Business
Businessman
Entrepreneur
Entrepreneurship
A person involved in the business sector – in particular someone undertaking activities for the purpose of generating cash flow, sales, and revenue by utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth.
Business
Businessman
Entrepreneur
Entrepreneurship
They’re able to not only come up with ingenious ideas, but also turn those ideas into profits.
Creative
Perseverance
Persistence
Self Confidence
Entrepreneurs are dreamers and believe their ideas are possible, even when they seem unattainable.
Hardworking
Opportunity Seeker
Optimistic
Self Confidence
A Spanish word which means self love; a sense of self-esteem or self-respect that prevents a person from swallowing his pride
Amor Propio
Bahala Na System
Balimbing
Ningas Kugon
This trait means leaving everything to chance or “letting the circumstances take care of itself”.
Amor Propio
Bahala Na System
Balimbing
Ningas Kugon
This trait means leaving everything to chance or “letting the circumstances take care of itself”.
Amor Propio
Bahala Na System
Balimbing
Ningas Kugon
Instead of doing things that could help one to develop and become better than his competitors, Filipinos devote so much of their time gossiping and back-biting.
BALIMBING
CRAB MENTALITY
MAÑANA HABIT
NINGAS KUGON
Filipinos are fond of starting a project with so much enthusiasm.
AMOR PROPIO
MAÑANA HABIT
NINGAS KUGON
SENSE OF PRIDE
The idea of returning the favor to those who have done good deeds.
PAKIKIPAGKAPWA-TAO
PAKIKIBAGAY
PAGKAMATIPID
UTANG NA LOOB
Involves dedicating yourself to something, like a person or a cause.
COMMITMENT
CREATIVE
PASSION
RISK TAKER
They genuinely love their work.
COMMITTED
DEDICATION
PASSION
STRONG PEOPLE SKILL
Quality related to inquisitive thinking such as exploration, investigation, and learning, evident by observation in humans and other animals.
CREATIVE
COMMITMENT
CURIOSITY
PASSION
They have endless curiosity to discover new or different ideas and see whether these ideas will work in the marketplace.
CURIOSITY
HARDWORKING
OPPORTUNITY SEEKER
SELF CONFIDENCE
The following are the examples of Strength except one.
Cheap raw materials
Skilled employees
Too many competitors
Small capital outlay
This factor of production is also called natural resources.
Labor
Land
Capital
Entrepreneurship
An individual who undertakes the creation, organization, and ownership of an innovative business with potential for growth is a(n)
ERP student
Entrepreneurship
Economist
Business-person
These can be physically weighed or measured
Goods
Consumer
Resources
Services
The procedure for carefully considering alternatives and their consequences before you make the final decision
Competitive analysis
Market research
Buying
Decision-making process
Select which below is NOT part of the decision-making process.
Evaluate your decision.
List the alternatives.
Make a purchase
Determine the pros and cons.
All of the following is a need EXCEPT
Water
Food
Jewelry
A good education
Positive factors that are not within the control of the business.
Oppurtunities
Threats
Strengths
Weaknesses
There are new technologies that are better and more advanced than what the business uses.
Opportunities
Threats
Strength
Weaknesses
The government strongly supports small and medium enterprises to boost the growth of the businesses.
Opportunities
Threaths
Strength
Weaknesses
The factor market includes which of the following as factors of production?
land only
land and labor only
land, labor, capital, and entrepreneurship
land, labor, and capital
Which of these is where households buy goods and services that firms produce?
Product market
Labor market
Private market
Factor market
A corporation can be best described as:
a business co-owned by two or more partners who agree how to run it and share the profits or losses
a business organization owned and controlled by one person
a business owned by stockholders, who own the rights to the company’s profits
a business set up to provide a benefit to society
According to the circular flow model of the private sector, what do businesses contribute to the factor market?
buying land, labor, and capital
buying goods and services
selling goods and services
selling land, labor, and capital
Which of these best defines unemployment?
those that cannot provide basic necessities from themselves
those that are retired or unable to work because of disability
those that are able to work but unable to obtain a job
All of the above
The system in which people make and spend their incomes
Marketing concept
Economy
Services
Personal selling
The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
Economy
Marketing
Planning
Marketing concept
Wholesaler businesses...
Usually sell goods directly to consumers
Make finished products from processed goods
Gather raw goods from natural resources
Buy large quantities of goods and sell them in smaller amounts to retailers
When a company evaluates how to best use its resources to achieve company goals it is using the _________ function of business.
Management
Production and Procurement
Marketing
Finance and Accounting
Policies are descriptions of the way work is to be done.
True
False
