ENTREPCORE-4

Question 1

An entrepreneur is considered an important sector of economic progress.

Answer 1

entrepreneur

Question 2

Fundamentally, an __________ is a person who is accountable for the conception of a business or an enterprise.

Answer 2

entrepreneur

Question 3

A catalytic go-between of change and works for the good of society.

Answer 3

entrepreneur

Question 4

An ___________ is the one who has the initiative, skill for innovation and who looks for high successes.

Answer 4

entrepreneur

Question 5

The _________ is essential to influence socio-economic change.

Answer 5

entrepreneur

Question 6

The term _______ is defined diversely—no harmony in carrying out the specific skills and abilities that make an individual a successful entrepreneur.

Answer 6

“entrepreneur”

Question 7

It is highly well-thought-out that entrepreneurs can develop through appropriately designed enterprise development (ED) programs and policies. These programs and policies are generally of three (3) different stages:

Answer 7

1. Development of achievement motivation, and sharpening entrepreneurial traits and behavior;
2. There are planning and development of a venture; and
3. The guidance provided on enterprise opportunities, incentives and facilities, rules and regulations, and the development of administrative and operational capabilities

Question 8

The importance of ________on enterprise development entices new entrepreneurs to engage in small enterprises, with the widely available and developed human resources.

Answer 8

programs and policies

Question 9

____________ are the starting point of Industrial Development in almost all countries.

Answer 9

Individual enterprises

Question 10

________- and ________ corporations have mostly received their inspiration from a certain or a few individuals.

Answer 10

Multinational
Transnational

Question 11

True of False: In small industries, the venture is centering around a single individual.

Answer 11

true

Question 12

Entrepreneurs’ initiative in various types of business occupations of varying sizes. The broad classifications are as follows:

Answer 12

According to Type of Business

Question 13

_________ develop ideas for new products or services and · organize a business to make these ideas towards realism.

Answer 13

Business entrepreneurs

Question 14

__________-use both production and marketing resources in the search to develop new business opportunities.

Answer 14

Business Entrepreneurs

Question 15

A ___________ assumes trading activities and is not concerned with manufacturing or production work.

Answer 15

trading entrepreneur

Question 16

This kind of entrepreneur identifies potential markets, stimulates demand for product lines and services, and creates a yearning besides interest among buyers to go in for the products or services.

Answer 16

trading entrepreneur

Question 17

It can engage in both domestic and overseas trade. These entrepreneurs established their ability to push many ideas ahead, which promoted their business.

Answer 17

trading entrepreneur

Question 18

An ________ is principally a manufacturer who identifies customers’ potential needs and tailors’ products or services to meet marketing needs.

Answer 18

industrial entrepreneur

Question 19

This product-oriented entrepreneur twitches in an industrial component because of the likelihood of making some new products.

Answer 19

industrial entrepreneur

Question 20

This kind of entrepreneur can translate economic resources and technology into a considerably profitable venture.

Answer 20

industrial entrepreneur

Question 21

They can be in any industrial sector such as the electronic industry, textile units, machine tools, or mobile telecoms plant, and all that.

Answer 21

industrial entrepreneur

Question 22

A _______- is an individual who demonstrates innovative skills in organizing and managing a corporate enterprise.

Answer 22

corporate entrepreneur

Question 23

A________ is a form of a business organization registered under some statute or law that gives a separate legal entity.

Answer 23

corporate enterprise

Question 24

A company registered under the Corporation Code is an example of _________.

Answer 24

corporate enterprises

Question 25

A __________is consequently an individual that plans to develop and manages a corporate body.

Answer 25

corporate entrepreneur

Question 26

_____________ are those entrepreneurs who undertake such agricultural activities as raising and marketing of crops, fertilizers, and other involvements of agriculture.

Answer 26

agricultural entrepreneurs

Question 27

These ___________ are motivated to raise agriculture's productivity through mechanization, irrigation, and reliable ground agriculture technologies.

Answer 27

agricultural entrepreneurs

Question 28

They cover a wide range of the agrarian sector and include agriculture and similar occupations.

Answer 28

agricultural entrepreneurs

Question 29

The application of technological advancement in various sectors of the national economy is indispensable for an enterprise's future growth. Classifying into broad these entrepreneurs based on the use of technology as follows:

Answer 29

According to the Use of Technological Advancement

Question 30

A _________ is principally an entrepreneur of "artisan."

Answer 30

Technical Entrepreneur

Question 31

This entrepreneur develops innovative and better-quality of goods because of craftsmanship.

Answer 31

Technical Entrepreneur

Question 32

They are concentrated more on production than marketing.

Answer 32

Technical Entrepreneur

Question 33

_______ do not care much to generate sales by applying various sales promotional techniques. Demonstrates innovative capabilities in matters of production of goods and rendering services.

Answer 33

Technical Entrepreneur

Question 34

The greatest strength which the _______ has is the expertise in cutting-edge production systems.

Answer 34

techno-entrepreneur

Question 35

__________ in methodological aspects are not bound to the product in which they deal.

Answer 35

Non-technical entrepreneurs

Question 36

This kind of entrepreneur is concerned only with developing alternative marketing and distribution strategies in promoting the enterprise.

Answer 36

Non-technical entrepreneurs

Question 37

A ___________ is an individual concerned with instituting an enterprise but does not have an interest in supervision or operation once formed. An experienced entrepreneur peddles out the operational enterprise and jolts one more venture with the sales earnings. Dynamic entrepreneur conceives new ideas to develop alternative projects.

Answer 37

professional entrepreneur

Question 38

Motivation is the vigor that impacts the efforts of the entrepreneur to achieve goals. An entrepreneur is motivated to attain or prove distinction in a professional act and is encouraged to influence others by indicating control, thus satisfying self-worth.

Answer 38

According to Motivation

Question 39

A _______ is a person that stirred through rewards psychologically and economically.

Answer 39

pure entrepreneur

Question 40

A _______ undertakes entrepreneurial tasks for personal satisfaction in work, ego, or status.

Answer 40

pure entrepreneur

Question 41

An__________ is encouraged to engage in a task because of government policy measures that provide backing, incentives, concession, and necessary overhead accommodations to start an enterprise. Most entrepreneurs enter business due to financial, technical, and several other government agencies' facilities to encourage entrepreneurship. They are providing an individual with a sound project suite assistance to venture.

Answer 41

induced entrepreneur

Question 42

New-fangled entrepreneurs are motivated by the desire 'for self-fulfillment. These individuals come into being because of the prospect of making and marketing innovative products for consumers. Establishing the suppose the product into a saleable stage. In that case, the entrepreneur is further motivated by reward in terms of return.

Answer 42

Motivated Entrepreneur

Question 43

These entrepreneurs start their enterprise out of their natural capacities.

Answer 43

Natural Entrepreneur

Question 44

________ are persons with initiative, self-assurance, and confidence in their abilities, which motivate them to do enterprising action. Such entrepreneurs have full conviction and confidence in their knowledge.

Answer 44

Natural Entrepreneurs

Question 45

_______- are those who inevitably take up a high-growth industry. These entrepreneurs choose an industry, which has significant growth prospects.

Answer 45

Growth-entrepreneurs

Question 46

_________ made known massive growth of performance in their venture—the growth performance identification by viability, gearing, and liquidity of funds. According to Phases of Development

Answer 46

Super-growth entrepreneurs

Question 47

A _________ is an innovatively skilled individual that combines different technologies to produce a marketable product or service.

Answer 47

first-generation entrepreneur

Question 48

A _________ enters into ventures that go well along with the changing demand in the market.

Answer 48

modem entrepreneur

Question 49

___________ undertakes those ventures which suit the current marketing requirement

Answer 49

Modern entrepreneur

Question 50

A ___________- is concerned with the customers and marketing needs through the development of a self-supporting enterprise.

Answer 50

classical entrepreneur

Question 51

This entrepreneur is a typecast entrepreneur whose aim is to maximize economic takings at a side-by-side consistency with its subsistence with or without an element of growth

Answer 51

classical entrepreneur

Question 52

____________ is distinguished by the aggressive accumulation of data and analysis of outcomes, deriving from an original combination of factors.

Answer 52

Innovating entrepreneurship

Question 53

These entrepreneurs are commonly bold in experimentations that display ingenuity in putting striking options into practice.

Answer 53

Innovating entrepreneurship

Question 54

This entrepreneur perceives the opportunity for introducing an original method of the production process or a new product or a new market or a new service or even reorganization of an existing enterprise.

Answer 54

Innovating entrepreneurship

Question 55

_________ is likely to adopt successful innovations by innovating entrepreneurs. Firstly, imitate methods and technology innovated by others.

Answer 55

Imitative entrepreneurship

Question 56

This type of business is the simplest, inexpensive, and most practical and common form of business.

Answer 56

Sole Proprietorship

Question 57

basic business plan are covered in the five elements of the basic business plan:

Answer 57

1. the business model 2. feasibility 3. marketing 4. operations 5. finances

Question 58

The outline for a business plan starts with a summary, often called an ________.

Answer 58

executive summary

Question 59

the ______outline is a valued overview of what the plan is all about.

Answer 59

summary or executive summary

Question 60

If someone wants to be in business for oneself, the entrepreneur must take the first step. You must start writing the ______-.

Answer 60

business plan

Question 61

______ implies gathering data about the group(s) of potential clients that your business focuses on in the strictest sense.

Answer 61

Market research

Question 62

________ incorporates things like recognizing the quantities of expected clients, their attributes, and the amount they spend on your items or administrations.

Answer 62

Market Research

Question 63

true or false: The principle contemplations for the area are typically closeness to clients, transportation, providers, and different administrations.

Answer 63

true

Question 64

In analyzing your traffic, the question you want to answer is:

Answer 64

"How many potential customers pass by my place of business during times when they are likely to buy?"

Question 65

________ includes the ability to see into your place of business.

Answer 65

Visibility

Question 66

The________ is not just how much a customer group will buy from your business; it is how much they will buy of the product or service in total, including from all your competition.

Answer 66

market potential

Question 67

Knowing the ___________helps you plan the long-range strategy for your business. First, having this estimate of the total amount of business going on in your field, in your target area, helps you predict your sales.

Answer 67

market potential

Question 68

__________ are firms similar to your own in terms of size, location, and the services they offer, and they pursue the same groups of customers you are trying to get.

Answer 68

Direct competitors

Question 69

___________: companies that are not like your business but are an alternative way for your potential customers to satisfy their needs.

Answer 69

indirect competition

Question 70

In your business plan, you must demonstrate that you have at least identified your competitors and, ideally, that you know their sales volume and their strengths and weaknesses. Typically, this information will come from:

Answer 70

- Experience. You may have worked for one or more of your competitors or have extensive knowledge about the industry. - Primary research. You may try to interview those who are knowledgeable about the competition, including employees, customers, or suppliers. You may even observe your competitors (perhaps by unobtrusively hanging around the cash register, trying to keep track of sales). - Secondary research. Published information about individual small businesses is rare; when it does exist, it is most likely to be found in business directories.

Question 71

_____________is the theft of small amounts of materials, usually by employees, suppliers, or transport people. It is a bigger problem in retail and wholesale businesses, but office supplies can disappear at an alarming rate, even in small offices.

Answer 71

Pilfering

Question 72

The primary defenses against _________ are tight inventory control (perhaps by having employees sign for supplies) and employee training (awareness of the costs and consequences of pilfering).

Answer 72

pilfering

Question 73

If you plan on having a retail store that sells anything smaller than refrigerators, plan on encountering those who will try to walk off with inventory. The most significant number of perpetrators are juveniles, but the hardest to protect against are the professionals. The more economical defenses against shoplifting include an evident store layout, trained employees (who know what to watch for and how to respond), mirrors, and even security cameras (which have dropped in price over the past few years).

Answer 73

Shoplifting:

Question 74

_________ is when someone entrusted with your (or your company's) money puts that money to their use. Embezzlers can be professional service providers such as lawyers or accountants or employees such as bookkeepers or cashiers. Protections against embezzlement include using only bonded or insured professionals and implementing strict cash handling and auditing procedures.

Answer 74

Embezzlement

Question 75

_________ is when your place of business is broken into either by vandals or by professional thieves. Defenses against burglary start with a good set of locks and can include alarm systems, window bars, or security services. The level of burglary protection will vary widely from the simple "no valuables" office to the high- end jewelry store.

Answer 75

Burglary

Question 76

_________ laws are designed to protect your work in the arts, communication, design, or applied research, but the actual enforcement of these laws is left to you

Answer 76

Intellectual property

Question 77

_______ protection is for an invention.

Answer 77

Patent

Question 78

_________ covers software and works of art, including writing, music, and visual arts.

Answer 78

Copyright protection

Question 79

A ________ protects a word, phrase, or symbol that identifies your company and its products.

Answer 79

trademark

Question 80

Trademarks are registered by country and protect for at least ______ years, but this protection is renewable indefinitely.

Answer 80

15

Question 81

_________ applies to a pattern, a shape, or an ornamental design of mass-produced manufactured products.

Answer 81

Industrial design protection

Question 82

_______- is the only other kind of intellectual property specifically protected by law. Technically, it is called "integrated circuit topography" (ICT) and, unless you are in the business of designing microchips, you do not need to know about it. If you need to know, registration of a chip design is done on a country-by-country basis, although each country has reciprocal agreements with many other countries.

Answer 82

Microchip design