Entrepreneurship (BSIT)

Income is earned whether the business is successful or unsuccessful.

• Entrepreneur

• Employee

Which of the following is a key characteristic of an entrepreneur?

• Works for a fixed salary

• Takes risks to create a business

What is typically a primary motivation for an entrepreneur?

• Job security

• Financial independence

In which scenario does an employee usually receive a paycheck?

• Only when the company is profitable

• Regardless of the company's success

What is a common risk faced by entrepreneurs?

• Loss of investment

• Guaranteed salary

Which of the following is a benefit of being an employee?

• Flexible working hours

• Health insurance and benefits

What is a typical challenge for new business owners?

• Finding customers

• Receiving a paycheck regularly

He or she is usually comfortable with routines and minimal risks.

• Entrepreneur

• Employee

He or she is fully responsible for serving customers, making the business profitable/sustainable, and providing employee satisfaction.

• Entrepreneur

• Employee

He or she prepares policies, procedures, and memoranda for the business.

• Entrepreneur

• Employee