TECHNOLOGY AND LIVELIHOOD

EDUCATION IN ENTREPRENEURSHIP
1.Acceptance of challenges and changes
with open arms is one of the qualities of
entrepreneur which is

a.Self confident
b.Risk taker
c.Task oriented
d.Future oriented
2. The capacity of an individual to forecast
new business prospects in the form of goods
and services needed by others and to deliver
them at the right time to the right people at the
right place and the right time.

a.Entrepreneurship
b.Researcher
c.Management
d.Financier
3. The type of knowledge pertaining
to one’s ability to organize and
operate a business.

a.Technical ability
b.Prospective knowledge
c.Managerial ability
d.Business knowledge
4. This plan sets down in detail the exact
manner in which a certain activity must
be accomplished.

a.Planning
b.Book keeping
c.Coordinating
d.Budgeting
5. Which of the following is NOT a
characteristic of an entrepreneur?

a.Opportunity seeker
b.Irritated
c.Persistent
d.Coping with failure
6. What is the key ingredients of a
successful entrepreneurial activity?

a.Market study
b.Production study
c.Financial study
d.Organizational study
7. Which of the following is a
primary cause of failure in small
business?

a.Improper inventory
b.Poor financial control
c.Poor location
d.Management mistake
8. Which considered to be the best
way to assess entrepreneurial
projects or business ventures?

a.Price
b.Product
c.Packaging
d.Promotion
9. Which among the following factors
should you consider a priority in finding
a location for your business?

a.Distance from city

b.Rental cost
c.Labor supply
d.Waste disposal unit
10. Gary has a grocery and general
merchandise store. His wife, children and
relatives helps him in doing the business.
What kind of business enterprise does he
has?
a.Corporation
b.Sole proprietorship
c.Partnership
d.Cooperative
11. Which is considered as a
comprehensive and effective blueprint
guide an entrepreneur in a business
venture?

a.Business plan
b.Resume
c.Insurance plan
d.Portfolio
12. It is an enterprise owned by a single
individual who alone benefits form the
profits or suffers the losses.

a.Recording
b.Mono enterprise
c.Sole proprietorship
d.businessmen
13. If her business idea is boutique, what
quality of a future entrepreneur is
INAPPROPRIATE?

a.Hardworking
b.Relaxed
c.Innovative
d.Risk taker
14. From a societal view point, which of the
following statements about marketing objective is
NOT true?

A. Assist in the efficient allocation of resources

B. create wealth and promote economic growth
C. improve income distribution among different
sectors of the economy
D. Maintain instability of supply and demand for
marketed goods
15. At the stage of marketing effort does an
entrepreneur concentrate on targeting a new
market of buyer and talking market share
from competitions by price cutting or
relaunching the product?

A. introduction
B. growth
C. place
D. Decline
16. Which marketing channel operates with
capital owned directly by the operators and
their partners. Or in some cases by
shareholders?

A. Co-operatives
B. Independent, locally-based private
enterprise
C. Marketing board and other state enterprises
D. Transitional companies
17. A marketing mix that can have both
tangible and intangible aspects and is the
thing you offer to satisfy you customer
wants and needs is _____ .

A. product
B. packaging
C. price
D. promotion
18. Which these traits gets an entrepreneur
off of his/her feet and puts him/her into
action turning daydreams into reality?

A. Perseverance
B. Ambition
C. Creativity
D. Enthusiasm
19. With which trait is an entrepreneur
able to withstand the troubles that come
with a starting business?

A. Perseverance
B. Ambition
C. Creativity
D. Enthusiasm
20. Which entrepreneurial traits gives an
entrepreneur a positive outlook in life
which gives the energy to pursue his/her
endeavors?

A. Perseverance
B. Ambition
C. Creativity
D. Enthusiasm
Entrepreneurship- is the process of designing, launching and running
a new business, which is often initially a small business. The people
who create these businesses are called entrepreneurs.

Entrepreneur- is a person who organizes a venture to benefit from an

opportunity, rather than working as an employee. Entrepreneurs play a
key role in any economy. These are the people who have the skills and
initiative necessary to anticipate current and future needs and bring
good new ideas to market.
Republic Act No. 6977 Small and Medium Enterprise- 'Small and Medium
Enterprise' shall be defined as any business activity or enterprise engaged in industry,
agribusiness and/or services, whether single proprietorship, cooperative, partnership
or corporation whose total assets, inclusive of those arising from loans butt exclusive
of the land on which the particular business entity's office, plant and equipment are
situated, must have value falling under the following categories:

Micro less than P 1,500,001

Small P1,500,001 P15,000,000
Medium P15,000,001 P60,000,000
THEORIES AND PRINCIPLES OF MANAGEMENT
MANAGEMENT:
-is the process of reaching organizational goals by working with people
and other resources.-knowing what you want people to do, and then
getting them to do it the best way.
FIVE MAJOR FUNCTIONS

Planning

Organizing

Staffing

Directing
PLANNING:
-Determining the organization’s goals and deciding how best to achieve
them. Planning involveschoosing tasks that must be performed and how
and when they will be performed.

ORGANIZING:
-assigning tasks to various individuals or groups; puts plan into action.-
Involves establishing a formal structure that provides the coordination of
resources to accomplish objectives, establish policies and procedures,
and determine position qualifications and description.
STAFFING:
-is the flow of employees into, through, and out of the
organization.-Involves the selection of personnel and
assignment systems and the determination of staffing
schedules.

DIRECTING:
-guiding the activities of the organization’s members.
-The ultimate goal for influencing people is to achieve the
organization’s goals.
-Require good communication skills and assertive behavior.