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  • Hope Nueva España

  • 問題数 55 • 4/10/2024

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    問題一覧

  • 1

    Brainstorming is a technique used to generate creative ideas

    true

  • 2

    Creativity is inborn and cannot be developed

    false

  • 3

    Existing businesses have no need for innovation.

    false

  • 4

    A well-defined target market is not important for innovative ideas.

    false

  • 5

    A good business idea should be complex and difficult to understand

    false

  • 6

    Protecting intellectual property is not important for innovative businesses.

    false

  • 7

    A successful business idea must be completely original

    false

  • 8

    Identifying a problem and offering a solution is an example of innovation

    true

  • 9

    The fear of failure can hinder creativity in entrepreneurs.

    true

  • 10

    Customer feedback is a valuable source of inspiration for innovation.

    true

  • 11

    Successful entrepreneurs are excellent at copying existing businesses.

    false

  • 12

    Innovation requires significant financial investment every time.

    false

  • 13

    Entrepreneurs who are successful innovators are always the first to market with a new idea.

    false

  • 14

    Taking a risk on a new idea is essential for innovation.

    true

  • 15

    Entrepreneurs rely solely on creativity to succeed

    false

  • 16

    Entrepreneurs should be aware of the presence of technology to improve their products or services, or introduce new innovations in the market.

    Technology

  • 17

    Barber shops and Beauty parlors are examples of this business format.

    service-based

  • 18

    This serves as the fuel that keeps the business operating.

    capital

  • 19

    This is a buy - and - sell transaction that can happen in your storehouse, showroom, or any other structureless environment.

    trading business

  • 20

    This type of business deals with the creation of different products like customize t-shirts or mugs.

    manufacturing business

  • 21

    Entrepreneurs need to possess the necessary skills for the business they are launching.

    skills

  • 22

    These sell the product of manufacturers or producers to retailers and other distributors who have direct dealings with the end users or customers.

    wholesalers

  • 23

    This refers to the number of prospective buyers, competitors, the price and the quality of goods and services that have to be analyzed.

    markets

  • 24

    The success of any business also depends on the efficiency of its employees.

    manpower

  • 25

    Which of the following is NOT an example of agriculture business sector?

    none of these

  • 26

    Individuals should be passionate about the businesses they work for.

    individual interest

  • 27

    It is a business format that is very similar to licensed business operations.

    franchising

  • 28

    This involves an agent or buyer entering an agreement with a parent company to market its goods to various stores by means of strategically located store racks.

    rack jobber

  • 29

    It is important that there are steady suppliers of raw material and other inputs to the business.

    suppliers of inputs

  • 30

    These type of business sector needs to be strategically placed in various places and locations. It needs substantial capital as he has to pay for the equipment and for the stocks to be displayed.

    vending machine routes

  • 31

    Regulation of trade names; Business Name Registration

    Department of Trade and Industry (DTI)

  • 32

    Regulation/Registration of higher/tertiary education laws

    Commission on Higher Education (CHED)

  • 33

    Regulation and implementation secondary education sector

    Department of Education (DEPED)

  • 34

    Regulation of trade names; Registration of inventions; Trademarks Trade Names and Patents

    Intellectual Property Office (IPO)

  • 35

    Registration of business under the Omnibus Investment Code

    Board of Investments (BOI)

  • 36

    Implementation of forestry and environmental laws

    Department of Environment and Natural Resources (DENR)

  • 37

    Implementation of Labor Laws

    Department of Labor and Employment (DOLE)

  • 38

    Administration of social security for private sector, employees and self - employed individuals.

    Social Security System (SSS)

  • 39

    Receipts printing permit; Collection of taxes

    Bureau of Internal Revenue (BIR)

  • 40

    Verification/reservation of corporate name; Registration of incorporation

    Securities and Exchange Commission (SEC)

  • 41

    A sole proprietorship is the easiest and least expensive form of business ownership to establish.

    true

  • 42

    A disadvantage of a sole proprietorship is the potential for unlimited liability of the owner.

    true

  • 43

    Cooperatives are more on the benefits of the customers rather than their members.

    false

  • 44

    Sole proprietorships are the most common form of business ownership globally.

    true

  • 45

    A sole proprietorship has a separate legal existence from its owner.

    false

  • 46

    Corporations can raise large amounts of capital by selling stock.

    true

  • 47

    Cooperatives are motivated by maximizing profits for their members.

    false

  • 48

    A general partnership requires a written agreement between partners.

    false

  • 49

    A corporation must have a board of directors elected by its shareholders.

    true

  • 50

    Partnerships are a common structure for large businesses with many employees.

    false

  • 51

    Cooperatives can distribute profits to members based on their investment in the business.

    true

  • 52

    A partnership offers the advantage of limited liability for its owners.

    false

  • 53

    Corporations will cease if one of the stockholders will die.

    false

  • 54

    Corporations are required to pay a separate tax from the income of their owners.

    true

  • 55

    Cooperatives are owned and controlled by its members who patronize the business.

    true