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WorksheetsGE211 FINAL EXAM (50 items)
Total questions: 50
Worksheet time: 50mins
Who developed the standard expected utility model of risk preference as a function of utility over wealth?
Laffont
Astebro
Kihlstrom
Knight
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
Which form is required for new employees when registering as new PhilHealth members?
ER 1
ER 2
HDRF
PMRF
What is the maximum accepted total number of members for a cooperative?
10
6
30
20
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 property comes from the products of mental efforts?
Assets
Entrepreneurial Property
C Property
Intellectual Property
What does a trademark protect?
Artistic works
Brand names and logos
Paintings
Products
Which plan emphasizes enhancing digital literacy and innovative teaching methods of teachers?
Equity and inclusion initiative plan
Personal action plan
Individual faculty workplan
Professional development plan
Which method directly observes an individual’s choice in a controlled setting?
Survey
Lottery-based experiments
Behavioral observation
Neurological imaging
Which statement 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 offer their share to public.
Which type of information is considered vital and can either bring benefit or scarcity to any country?
Directive information
Undisclosed Information
Policy information
Empirical information
Which mistake involves not checking the status of intellectual property over time?
License expiration
IP audit
Registration
Documentation
Which of the following is an intellectual property of entrepreneurs?
Market research
Business plan
Patent
Advertising strategy
Which option 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 resource is crucial in managing sustainability in some areas in the Philippines?
Energy
Labor
Water
Raw materials
Which example 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 statement 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
The advancement of entrepreneurship addressing the educational needs
The creation of profit-driven businesses with relevance to education
Which is a non-pecuniary benefit for entrepreneurs?
Personal satisfaction
Financial growth or profit
Market expansion
Access to educational resources
What is a common characteristic of industries with non-pecuniary motivated entrepreneurs?
Have international markets
Produce services and products on a large scale
Low natural scale of production
Have high-tech and innovative machineries
A teacher observes students struggle with retaining concepts and brainstorms the idea of using gamification techniques to help. Which stage of innovation does this represent?
Validation
Ideation
Implementation
Scaling
A district-wide initiative to introduce digital classrooms is successful in a pilot school. The education board now decides to roll it out across all schools in the district. Which stage of innovation is this?
Validation
Ideation
Implementation
Scaling
What is the main purpose of personal branding?
To increase the probability of getting known to school key officials
To differentiate oneself from competitors
To create a fancy online presence in all social media platforms
To get featured in popular magazines, radio broadcasts, or national television
Which social media platform is best suited for showcasing one’s professional expertise?
Which priority is often observed among many Filipino ventures when addressing sustainable supply chains?
Ethical sourcing and fair trade
Exploring labor conditions and trade
Ignoring waste management
Maximizing profit regardless of origin
Which option reflects a current trend in educational business models in the Philippines?
Free tuition for all
Blended learning approach
Fully government-funded initiatives
Subscription-based e-learning platforms
What is a 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
An educational startup aims to fill a gap in the traditional education system. Which scenario best illustrates this 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
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
You are preparing for a Teacher 1 ranking in your district and want to enhance personal branding through LinkedIn with limited time. Which actions are most appropriate? I. Post high-definition photos and infographics II. Create professional networks regularly III. Use many hashtags every day until the demonstration day IV. Share and comment on short videos or articles
I only
II and IV only
II and III only
IV only
To align your personal brand with the mission and goals of your teacher education program, which tasks are appropriate? I. Share informative short reels weekly about your experience as a teacher education student II. Extensive networking with indigenous people and posting to social media III. Participate in competitions both locally and internationally IV. Engage in research and academic collaborations
I only
I, III, IV
IV and I only
I, II, III
Which personal branding strategy helps employees build trust with the public?
Establishing sustainable services built on empathy
Creating a lasting platform of services and products
Charging premium prices to interested individuals
Attracting more customers online
A university plans to implement an AI-powered tutoring system to support personalized learning. There are concerns about diverse learning styles and distraction from core academic content. How should these concerns be handled?
Offer guidelines showing how AI complements human teachers rather than replaces them
Abandon the AI-powered tutoring system and return to traditional methods
Introduce AI only in subjects where human involvement is minimal
Pilot test the system and adjust based on learning style and educational outcomes
What is the relationship between risk and uncertainty?
The lesser the uncertainty, the higher the risk attitude
The higher the risk, the lesser the uncertainty
The lesser the uncertainty, the higher the risk
The higher the uncertainty, the higher the risk
How does risk propensity differ from risk preferences?
Risk preferences relate to willingness to take risk based on satisfaction, while risk propensity relates to one’s current tendency to take or avoid risk
Risk preferences relate to willingness to take risk, while risk propensity relates to one’s current tendency to take risks
Risk preferences relate to the level of risks to take, while risk propensity relates to one’s emotional response toward risks
Risk preferences relate to willingness and ability to manage risk, while risk propensity relates to one’s tendency to avoid risks
What is the consensus among entrepreneurship researchers regarding the relationship between risk tolerance and start-up business?
Risk tolerance has no impact on business creation.
Risk tolerance is negatively correlated with start-up business.
Risk tolerance is positively correlated with start-up business.
There is vague association of risk tolerance and start-up business.
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.
Which of the following is NOT a focus for the private sector in achieving the 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 statement is TRUE about risk attitudes?
Risk-seeking behavior is always irrational.
Risk aversion is always a negative trait.
Risk attitudes are stable over time.
Risk attitudes are universal across cultures.
Joachim is encouraged to invest in a stock market portfolio with a 50% chance of significant loss. Based on typical risk attitudes of the general population, how will he MOST likely respond?
Hoping for a large return, he will take the risk without hesitation.
He will inquire more about the portfolio and weigh its risks before he responds to the offer.
He will likely reject the investment preferring to save in banks.
He will take a loan to increase potential profits from the stock market portfolio.
A university evaluates a high-risk advertising campaign with a 40% chance to attract many students and a 10% expected return. Management is risk-averse and requires a risk premium. What is the BEST course of action according to the expected utility model?
Invest in the campaign since there is an expected return.
Demand at least 15% expected return before proceeding.
Reject the campaign since it is risky and less potential reward.
Proceed with the campaign since risk aversion does not affect this case.
During a teaching internship in a disruptive classroom, you are considering a new behavior management strategy learned in training but worry it might not work. What is the BEST approach?
Try the new strategy and closely monitor its impact.
Use traditional strategies that worked for you in the past.
Completely avoid anything new as it might worsen the situation.
Rely on peer observation and feedback to manage the classroom without making any changes to your approach.
A student organization’s shared learning space business cannot secure further funding after initial investors pull out. Which factor MOST likely contributes to potential closure?
Lack of customer demand for the services.
Poor employee turnover and poor campaign for the business.
Unstable cash flow and inability to attract investors.
The type of business does not have a clear market size.
A college considers expanding course offerings: 60% chance of success yielding 20% increase in funds, 40% chance of failure reducing funds by 10%. According to the expected utility model, how should the college proceed?
Proceed with expansion as the expected utility of potential gain is higher than the loss.
Only expand if the success probability is at least 70%.
Reject the expansion since it involves higher loss and probability.
Proceed with the expansion regardless of its potential increase in funds.
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.
Your professor suggests taking additional financial crash courses to prepare for financial challenges. What is the BEST reason to follow this advice?
To convince others of your financial expertise.
To improve your ability to manage budgets and forecast cash flow.
To secure better grades for your academic record.
To become a certified financial expert with cash flow.
A new digital textbook promises interactive features, but some teachers worry not all students have stable internet. What should you do to manage this risk?
Require all students to purchase new internet vouchers.
Provide loaner devices for students without the new textbook.
Proceed assuming all students can access it.
Cancel the digital textbook project entirely and revert to traditional paper textbooks.
Teacher education students propose VR technology for virtual field trips, but there are concerns about cost, technical difficulties, and inexperience. How will you address these risks?
Postpone VR projects indefinitely until concerns are resolved.
Provide training and a pilot program to address technical needs.
Move forward with VR without addressing the concern.
Adopt VR only for subjects with field trip activities.
How can failure be leveraged as a learning opportunity in innovation?
Prevent others from working on future projects and blame for mistakes.
Accept innovative projects that will eventually fail and move to next project without improving the previous work.
Focus only on success and ignore setbacks.
Analyze reasons for failure then adapt and improve the innovative project.
As principal, some teachers are experienced in differentiated instruction while others are unfamiliar. How should you structure the professional development program?
Offer a basic session for all teachers assuming the same starting level.
Create two tracks so both groups can receive targeted support.
Assign experienced teachers to monitor those with less experience without formal training.
Only offer training for experienced teachers and let the rest catch up on their own.
