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WorksheetsGE211- CHAPTER 5
Total questions: 25
Worksheet time: 8mins
Which BIR form is required for new employees who do not have a Tax Identification Number (TIN)?
Form 1905
Form 1902
Form 1906
Form 2305
What form is required for new employees when registering as new Philhealth member?
ER 1
ER 2
HDRF
PMRF
How many members is the maximum accepted total member for a cooperative?
10
6
30
20
Which of the following BEST describes closed corporations?
They benefit from limited liability protection.
They take ownership of the company.
They can choose not to distribute the company’s earnings.
They offers their share to public
Which type of corporation is available for trade on a public market?
S corporations
Open corporations
Nonprofit corporations
Closed corporations
Which republic act protects the rights of scientists, investors, artists and other gifted citizens to their intellectual property and creations?
RA 7837
RA 10679
RA 9150
RA 8293
Which type of information is considered as vital and can either bring benefit or scarcity to any country?
Directive information
Undisclosed Information
Policy information
Empirical information
Which type of property comes from the products of mental efforts?
Assets
Entrepreneurial Property
C Property
Intellectual Property
Which mistakes involves not checking the status of intellectual property over time?
Not checking the status of intellectual property over time is a mistake involving lack of monitoring or renewal.
It is a mistake involving excessive patent filings.
It is a mistake involving overvaluation of assets.
It is a mistake involving improper trademark usage.
Which of the following is an intellectual property of entrepreneurs?
Market research
Business plan
Patent
Advertising strategy
What does a trademark protects?
Artistic works
Brand names and logos
Paintings
Products
Which of the following BEST describes a successful sustainable Filipino venture?
Ignoring community impact
Exploring resources for profit
Strong environmental concern and maximizing resources.
Strong community ties and innovative resources
Which of the following is often prioritized by most Filipino ventures in terms of sustainable supply chains?
A. Ethical sourcing and fair trade
B. Exploring labor conditions and trade
C. Ignoring waste management
D. Maximizing profit regardless of origin
Which of the following is NOT a focus for private sector in achieving the SDGs (Sustainable Development Goals), as outlined in the transformational business report?
Exploring new business models that align with societal aims.
Philanthropy and corporate social responsibility.
Partnering with government and civil society organizations.
Integrating sustainability into core business processes.
Which resource is crucial in managing sustainability in some areas in the Philippines?
Energy
Labor
Water
Raw materials
Which of the following exemplifies a sustainable technology-driven business?
Using traditional and obsolete equipment in business
Inquiring about technological advancement
Using renewable waste management and energy system
Exporting renewable resources for profit
Which of the following BEST defines educational entrepreneurship?
The development of innovative solutions to address gaps and improve educational practices.
The enforcement of government policies in schools without feedback.
In terms of funding, how do educational entrepreneurs typically support their innovative projects?
By relying solely on tuition fees from students.
By seeking external funding such as grants and investments.
By limiting resources to only the wealthiest schools.
By avoiding any collaboration with local educational authorities.
Which of the following is the current trend for educational business model in the Philippines?
Free tuition for all
Blended learning approach
Fully government-funded initiatives
Subscription-based e-learning platforms
What is the main challenge faced by educational entrepreneurs in the Philippines?
Increased technology literacy level
Overcrowded online education platforms
Excessive investor fund
Unequal access to internet connectivity
If an educational startup aims to fill a gap in traditional education system, which of the following scenario BEST illustrates their approach?
Developing innovative programs that address specific local community educational needs.
Offering the same curriculum as public schools with minor modifications in teaching strategies.
Focusing only on high-income families for their services to address community needs
Providing resources and considering feedback from teachers or students about its impact and utility.
Which of this example is a non-pecuniary benefit for entrepreneurs?
Personal satisfaction
Financial growth or profit
Market expansion
Access to educational resources
Why is it essential to understand entrepreneurial goals and motivation?
To support and nurture entrepreneurs effectively.
To ensure high profits for all businesses.
To increase government regulations.
To promote large-scale industries in the community
What are the common characteristics of industries with non-pecuniary motivated entrepreneurs?
Have international markets.
Produces services and products in a large scale.
Low natural scale of production.
Have high-tech and innovative machineries.
You plan to attend a startup bootcamp during your final semester. How can this educational experience support your entrepreneurial goals?
By networking with potential investors and mentors.
By replacing the need for academic qualifications.
By guaranteeing the success of the bootcamp.
By reducing the need to create a detailed business plan.
