TLE QUIZ

Question 1

Vital functions of becoming an entrepreneur (5)

Answer 1

Undertake effective planning , organizing , make wise decisions , managing , and innovation.

Question 2

involved processes that are vital in putting up enterpises or business ventures

Answer 2

Undertake effective planning

Question 3

requires entrepreneurs to coordinate, assemble, and supervise all the needed elements of production

Answer 3

Organizing

Question 4

to minimize risks tht may occur during the implementation of the different phases of abusiness

Answer 4

Making wise decisions

Question 5

Includes giving proper instructions

Answer 5

Managing

Question 6

Deals with creation and promotion of new products

Answer 6

innovating

Question 7

Are individuals who venture into business or enterprise

Answer 7

Entrepreneurs

Question 8

Basic qualities to prepare you to become a potential future entrepreneur (10)
(are desirable qualities that entrepreneurs must possess) +

Answer 8

Vitrtuous, Self- disciplined, Professional, Competitive, Hardworking, Self-Confident, Foresighted, Goal-Oriented, Profit-oriented, Adaptable.

Question 9

Means being honest

Answer 9

Vitruous

Question 10

Manage their emotions properly

Answer 10

Self-discipline

Question 11

must be hardworking and punctual

Answer 11

Profesisonal

Question 12

is crucial in attaining

Answer 12

Competitive

Question 13

Requires extra effort and time

Answer 13

Hardworking

Question 14

believing in ones self and his/her capabilities

Answer 14

self confident

Question 15

creates business ad jobs for the future of their, children, country, and themselves.

Answer 15

Foresighted

Question 16

good in setting realistic targets

Answer 16

Goal oriented

Question 17

manage their profit

Answer 17

Profit oriented

Question 18

entrepreneurs also expirience failures and uncertainties

Answer 18

Adaptable

Question 19

are desirable qualities that entrepreneurs must possess.

Answer 19

Personal entrepreneurial and skills (PECS)

Question 20

SERDEF entrepreneur teaching guide: (4)

Answer 20

entrepreneurship progresses in places where resources are movable, put in extra capital in potential projects, success of other community members is acknowledge rather than belittled, can accept change positively

Question 21

Types of entrepreneurs (5)

Answer 21

Self-employed, opportunists, acquirers, speculators, and franchisees

Question 22

do all the work by themselves

Answer 22

self-employed

Question 23

look for opportunists and capitalize on them for teir personal benefit

Answer 23

opportunists

Question 24

are good at taking over a business enterprise

Answer 24

acquirers

Question 25

buy a product and resell it for a higher price to gain more profit

Answer 25

speculators

Question 26

start an enterprise for which a widely known product that has already been established

Answer 26

franchisees

Question 28

Forces influencing business environment (6)

Answer 28

Demographical factors, economical factors, geographical and economic factors, social and cultural factors, political factors, and technological factors

Question 29

Factors that cannot be controlled or managed (2)

Answer 29

Economic level and competitive forces

Question 30

Basic variables that serve as a guide in selling (4)

Answer 30

Product , Price, Promotion, and Place