FORMATIVE ASSESSMENT Multiple Choice: Read and answer each statement carefully then write the letter of the best answer on a separate sheet of paper. 1. Who acts as a coordinating agent in a capitalist economy? C. Entrepreneur A. Manager B. Finance Officer D. Broker 2. Which of the following is not a definition of Entrepreneurship? A. It creates opportunities, ensures social justice, instills confidence and stimulates the economy. B. It is an inmportant part of the economic growth strategies of many local and national governments around the world. C. Refers to a person who sets up a business with the aim to make a profit. D. The act of creating a business or businesses while building and scaling it to generate a profit. 3. Which of the following is a relevance of Entrepreneurship to SHS Students? A. It generates new wealth in an economy. B. aids students from all socioeconomic backgrounds to think outside the box. C. It creates opportunities and ensures social justice. D. It creates job. 4. Whici statement is not correct about the status of entrepreneurship in the Philippines? A. The number of business establishments formed every year would generally show an increasing trend. B. N-entrepreneurs are people who can secure resources such as technology and information to gain distinct, sustainable, competitive advantages. C. In 2005, the top 50 Philippine corporations in terms of sales could be broken down into 25 private domestic firms, 20 foreign firms, and 5 government-owned and/or controlled corporations. D. The 22 companies could be identified with 11 families and individuals, mostly Filipinos of Chinese ethnic background. 5. Which of the following words is not associated with entrepreneur? A. innovative C. collaborative B. impulsive D. Creative
FORMATIVE ASSESSMENT Multiple Choice: Read and answer each statement carefully then write the letter of the best answer on a separate sheet of paper. 1. Who acts as a coordinating agent in a capitalist economy? C. Entrepreneur A. Manager B. Finance Officer D. Broker 2. Which of the following is not a definition of Entrepreneurship? A. It creates opportunities, ensures social justice, instills confidence and stimulates the economy. B. It is an inmportant part of the economic growth strategies of many local and national governments around the world. C. Refers to a person who sets up a business with the aim to make a profit. D. The act of creating a business or businesses while building and scaling it to generate a profit. 3. Which of the following is a relevance of Entrepreneurship to SHS Students? A. It generates new wealth in an economy. B. aids students from all socioeconomic backgrounds to think outside the box. C. It creates opportunities and ensures social justice. D. It creates job. 4. Whici statement is not correct about the status of entrepreneurship in the Philippines? A. The number of business establishments formed every year would generally show an increasing trend. B. N-entrepreneurs are people who can secure resources such as technology and information to gain distinct, sustainable, competitive advantages. C. In 2005, the top 50 Philippine corporations in terms of sales could be broken down into 25 private domestic firms, 20 foreign firms, and 5 government-owned and/or controlled corporations. D. The 22 companies could be identified with 11 families and individuals, mostly Filipinos of Chinese ethnic background. 5. Which of the following words is not associated with entrepreneur? A. innovative C. collaborative B. impulsive D. Creative
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:FORMATIVE ASSESSMENT
Multiple Choice: Read and answer each statement carefully then write
the letter of the best answer on a separate sheet of paper.
1. Who acts as a coordinating agent in a capitalist economy?
C. Entrepreneur
D. Broker
2. Which of the following is not a definition of Entrepreneurship?
A. Manager
B. Finance Officer
A. It creates opportunities, ensures social justice, instills confidence and
stimulates the economy.
B. It is an inmportant part of the economic growth strategies of many local and
national governments around the world.
C. Refers to a person who sets up a business with the aim to make a profit.
D. The act of creating a business or businesses while building and scaling it
to generate a profit.
3. Which of the following is a relevance of Entrepreneurship to SHS Students?
A. It generates new wealth in an economy.
B. l aids students fron all socioeconomic backgrounds to think outside the
box.
C. It creates opportunities and ensures social justice.
D. It creates job.
4. Whici statement is not correct about the status of entrepreneurship in the
Philippines?
A. The number of business establishments formed every year would generally
show an increasing trend.
B. N-entrepreneurs are people who can secure resources such as technology
and information to gain distinct, sustainable, competitive advantages.
C. In 2005, the top 50 Philippine corporations in terms of sales could be
broken down into 25 private domestic firms, 20 foreign firms, and 5
government-owned and/or controlled corporations.
D. The 22 companies could be identified with 11 families and individuals,
mostly Filipinos of Chinese ethnic background.
5. Which of the following words is not associated with entrepreneur?
A. innovative
C. collaborative
D. Creative
B. impulsive
Congratulations!!! You are done in this module. You may now
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education