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    activity-5-finals.docx (1)

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    activity-5-finals.docx (1)

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    2 views2 pages

    activity-5-finals.docx (1)

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    batanghamog828

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    © All Rights Reserved
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    Activity 5 finals: write your answers in a ½ sheet of pad paper.

    True or False Statements

    1. ​High taxation levels positively impact entrepreneurial profitability. ​


    2. Corruption and official harassment can force entrepreneurs to bribe officials.
    3. Liberalization has led to increased competition by opening markets to foreign goods.
    4. Declining personal incomes generally encourage entrepreneurial growth.
    5. The high cost of finance can lead to business failures due to inability to repay loans.
    6. Access to training opportunities is crucial for entrepreneurs to develop necessary skills.
    7. Poor transport and communication networks can facilitate business operations.
    8. Entrepreneurs are always either innovators or inventors.
    9. The myth that entrepreneurs must have rich backups is generally true.
    10. Successful entrepreneurship requires a high level of risk-taking.

    Multiple Choice Questions

    1. Which of the following can deter entrepreneurial development?


    A. High taxation levels
    B. Low competition
    C. High consumer demand
    D. Increased funding opportunities

    2. What type of motivation involves personal traits and desires that induce a person to start a
    business?
    A. Internal Motivations
    B. External Motivations
    C. Social Motivations
    D. Political Motivations

    3. Which of the following is a psychological trait often associated with successful entrepreneurs?
    A. Need for achievement
    B. Need for security
    C. Need for independence
    D. All of the above

    4. The theory suggesting that entrepreneurs have unique values and attitudes is known as:
    A. Economic Theory
    B. Procedural Theory
    C. Psychological Theory
    D. Sociological Theory

    5. Which Asian country is frequently cited for its entrepreneurial culture and innovation?
    A. India
    B. Japan
    C. China
    D. Philippines

    6. External motivations for entrepreneurship can include:


    A. Market demand
    B. Infrastructure
    C. Passionate commitment
    D. Personal drive
    7. What major element does Maslow’s Need Theory emphasize?
    A. Demand for profit
    B. Hierarchy of needs
    C. Entrepreneurial mindset
    D. Risks and rewards

    8. Which factor is NOT typically associated with the decline of entrepreneurship?


    A. Rising costs of living
    B. High unemployment
    C. Strong economic policies
    D. Increased taxation

    9. What role does corruption play in entrepreneurial development?


    A. It simplifies the startup process
    B. It encourages investment
    C. It often creates barriers and costs
    D. It promotes fair competition

    10. The belief that entrepreneurs are social misfits is:


    A. True
    B. False

    Essay Questions

    1. Discuss how high taxation levels can influence both the profits of a business and the
    overall entrepreneurial climate. Consider both direct and indirect effects, and explore
    potential solutions to mitigate negative impacts.

    2. Analyze the role of psychological traits, such as the need for achievement and
    risk-taking propensity, in shaping successful entrepreneurs. How can awareness of
    these traits encourage aspiring entrepreneurs to harness their characteristics for
    effective business development?

    3. Evaluate the various external factors, including government policies and economic
    stability, that affect entrepreneurial success. How can governments better support
    entrepreneurs to foster an environment conducive to innovation and growth?

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