Entrepreneurship PRELIM EXAM

He said that entrepreneurship is consists in doing that are not generally done in the ordinary course of business routine.

• Schumpeter J.A

• McClelland

• Richard Cantillon

• Marco Polo

He is a merchant from Venice who traveled to many places in Asia to trade.

• Schumpeter J.A

• McClelland

• Richard Cantillon

• Marco Polo

He is a prominent theorist and economist during 17th century who viewed the entrepreneur as a risk taker and a bearer of uncertainty.

• Schumpeter J.A

• McClelland

• Marco Polo

• Richard Cantillon

What is the primary objective of Republic Act No. 7882?

• To regulate foreign investments

• To provide all possible assistance to Filipino women in business

• To promote large-scale industrial projects

• To oversee government financial institutions

What is the main role of the Department of Trade and Industry (DTI)?

• To regulate foreign employment

• To promote and develop trade and industry

• To manage public transportation

• To oversee agricultural activities

The following are the countries who colonized Philippines, except.

• China

• United States
• Spain
• Japan

Dezie is considering starting her own business in her hometown. She wonders about the significance of entrepreneurship in economic development.

• It limits innovation

• It increases government control

• It reduces competition

• It creates job opportunities

In what period is known for DotCom Era

• 18th century

• 19th century

• 21st century

• middle ages

Due to innovation, some businesses fold, while others flourish.

• TRUE

• FALSE

Entrepreneurs are opportunity-seekers, creative, and resourceful.

• TRUE

• FALSE