Bizlife Assessment - Introduction to Entrep
Entrepreneurship
1. It is the skill that involves seeing oppurtunity, and then starting, organizing, and managing a business which involves financial risk.
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2. Who defined Entrepreneurship as "The pursuit of opportunity beyond resources controlled"?
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3. A form of business ownership where it has no separate existence from its one owner, and the income and losses are taxed on the individual's personal income tax return.
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4. A legal form of business operation between two or more individuals who share management and profits.
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5. A form of business operation that declares the business as a separate legal entity guided by a group of officers known as the Board of Directors.
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6. If the owner of a Sole Proprietor Business dies, his/her children can continue the business without changing anything?
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7. How many years is the life of a Corporation?
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8. This is a type of business that offers professional skills, expertise, advise and other similar products with no physical form.
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9. Type of business where it transforms a raw material into a new product which can be sold to a higher price.
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10. This is a type of business where it buys a product at a wholesale price and then sells it into a retail price.
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Business industry Sectors
Please identify what sector falls each of the listed businesses below.
Kindly asnwer:
A. Primary Sector
B. Secondary Sector
C. Tertiary Sector
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A. Primary Sector | B. Secondary Sector | C. Tertairy Sector | |
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11. Semirara Mining Corporation | |||
12. BPI (Bank of the Philippine Islands) | |||
13. Jollibee | |||
14. ABS CBN Network | |||
15. Fair Trade Outsourcing |