Bizlife Assessment - Introduction to Entrep

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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A. Accounting

B. Banking

C. Entrepreneurship

D. Auditing

2. Who defined Entrepreneurship as "The pursuit of opportunity beyond resources controlled"?
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A. Thomas R. Eisemann

B. Howard H. Stevenson

C. Joel Trammell

D. Bernie Sanders

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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A. Sole Proprietor

B. Partnership

C. Corporation

D. Charitable Institution

4. A legal form of business operation between two or more individuals who share management and profits.
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A. Sole Proprietor

B. Partnership

C. Corporation

D. Charitable Intitution

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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A. Sole Proprietor

B. Partnership

C. Corporation

D. Charitable Institution

6. If the owner of a Sole Proprietor Business dies, his/her children can continue the business without changing anything?
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A. YES

B. NO

7. How many years is the life of a Corporation?
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A. 25 Years

B. 50 Years

C. 75 Years

D. 100 Years

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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A. Product Business

B. Manufacturing Business

C. Sevice Business

D. Merchandising Business

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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A. Product Business

B. Manufacturing Business

C. Service Business

D. Merchandising Business

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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A. Product Business

B. Manufacturing Business

C. Service Business

D. Merchandising Business

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
11. Semirara Mining Corporation
12. BPI (Bank of the Philippine Islands)
13. Jollibee
14. ABS CBN Network
15. Fair Trade Outsourcing

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. *

2. Who defined Entrepreneurship as "The pursuit of opportunity beyond resources controlled"? *

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. *

4. A legal form of business operation between two or more individuals who share management and profits. *

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. *

6. If the owner of a Sole Proprietor Business dies, his/her children can continue the business without changing anything? *

7. How many years is the life of a Corporation? *

8. This is a type of business that offers professional skills, expertise, advise and other similar products with no physical form. *

9. Type of business where it transforms a raw material into a new product which can be sold to a higher price. *

10. This is a type of business where it buys a product at a wholesale price and then sells it into a retail price. *

Business industry Sectors

Please identify what sector falls each of the listed businesses below.Kindly asnwer:A. Primary SectorB. Secondary SectorC. Tertiary Sector *

1. It is the skill that involves seeing oppurtunity, and then starting, organizing, and managing a business which involves financial risk.
*

2. Who defined Entrepreneurship as "The pursuit of opportunity beyond resources controlled"?
*

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.
*

4. A legal form of business operation between two or more individuals who share management and profits.
*

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.
*

6. If the owner of a Sole Proprietor Business dies, his/her children can continue the business without changing anything?
*

7. How many years is the life of a Corporation?
*

8. This is a type of business that offers professional skills, expertise, advise and other similar products with no physical form.
*

9. Type of business where it transforms a raw material into a new product which can be sold to a higher price.
*

10. This is a type of business where it buys a product at a wholesale price and then sells it into a retail price.
*

Please identify what sector falls each of the listed businesses below.
Kindly asnwer:
A. Primary Sector
B. Secondary Sector
C. Tertiary Sector
*