Concept of Entrepreneurship
Test Your Entrepreneurship Knowledge
Are you ready to dive into the world of entrepreneurship? This quiz will challenge your understanding of key concepts, competencies, and types of entrepreneurs. Whether you're a seasoned business owner or just starting out, there's something here for everyone!
In this quiz, you will learn about:
- Core and Common Competencies
- Types of Entrepreneurs
- Financial Risks and Gains
- Different Types of Enterprises
Which of the following are Common Compentencies?
Decisive
Communicator
Leader
Opportunity Seeker
Proactive
Risk-taker
Innovative
Organizer
A factor affecting entrepreneurship that "can classify opportunities and seize them."
Initiative
Persevere
Proactive
Risk-taker
An individual who operates or starts a business that is high in demand.
Businessman
Entrepreneur
A Core Compentency in entrepreneurship that constantly look for new ideas.
Innovative
Profit Potential
A Core Competency in entrepreneurship that considers entrepreneurship as an activity because it involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources.
Economic and dynamic activity
Profit Potential
Risk bearing
A type of entrepreneur that is stubborn, doesn't initiate but only follows after they are satisfied.
Fabian
Drone
Imitating
Macro-Entrepreneur or Micro-Entrepreneur: A type of entrepreneur according to size of business that only uses their business as a providor of employment and income.
Macro-entrepreneur
Micro-entrepreneur
Enterprises: sari-sari store, food stall, meat stand in public areas
Small-enterprises
Micro-enterprises
Medium-enterprises
Macro-enterprises
Enterprises: small printing press, travel agency, small beauty salon
Small-enterprises
Micro-enterprises
Medium-Enterprises
Macro-Enterprises
It is the risk that involves financial loss to an enterprise.
Financial Risk
Profit
Financial Gain
It is the financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing the product.
Financial Risk
Profit
Financial Gain
Enterprises: food manufacturing, large supermarket, furniture manufacturing corporation
Micro-enterprises
Small-Enterprises
Macro-Enterprises
Medium-Enterprises
A Social entrepreneur initiate change only after they are persuaded by others.
True
False
There are only three categories for business enterprises according to asset size: micro-enterprises, small-enterprises, and medium-enterprises.
True
False
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