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IE-Reviewer Part3
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Question 1
Multiple Choice

41. He distinguishes entrepreneurs to employees, with former with uncertain income and the latter with fixed income.

a) Richard Cantillon
b) Frank Knight
c) Alfred Marshall
d) Joseph Alois Schumpeter
Question 2
Multiple Choice

42. He expanded the idea of risk bearing with innovation.

a) Richard Cantillon
b) Frank Knight
c) Alfred Marshall
d) Joseph Alois Schumpeter
Question 3
Multiple Choice

43. The first to specify entrepreneurship function as under pure uncertainties within a system.

a) Richard Cantillon
b) Frank Knight
c) Alfred Marshall
d) Joseph Alois Schumpeter
Question 4
Multiple Choice

44. He emphasized that demand and supply determine the price and output of a good.

a) Richard Cantillon
b) Frank Knight
c) Alfred Marshall
d) Joseph Alois Schumpeter
Question 5
Multiple Choice

45. According to John Lewis Holland’s six types of personalities, this individual prefers to be analytical, curious, methodological and precise.

a) Conventional
b) Social
c) Enterprising
d) Investigative
Question 6
Multiple Choice

46. According to John Lewis Holland’s six types of personalities, this person enjoys the systematic manipulation of data, filing of records or reproducing materials.

a) Conventional
b) Social
c) Enterprising
d) Investigative
Question 7
Multiple Choice

47. According to John Lewis Holland’s six types of personalities, this person enjoys verbal activities to influence others and purposely avoid systematic activities involving tools and machineries.

a) Conventional
b) Social
c) Enterprising
d) Investigative
Question 8
Multiple Choice

48. According to John Lewis Holland’s six types of personalities, this person enjoys verbal activities to influence others and to attain power and status.

a) Conventional
b) Social
c) Enterprising
d) Investigative
Question 9
Multiple Choice

49. It is a formal document indicating the entrepreneurship’s adapted principles of appropriate behavior.

a) Code of ethics
b) Implementing Rules and Regulation
c) Bylaws
d) Obligation and contracts.
Question 10
Multiple Choice

50. It is a study of moral obligation involving the distinction between right and wrong.

a) Business Ethics
b) Work ethics
c) Code of ethics
d) Ethics
Question 11
Multiple Choice

51. This feasibility shows the positive indications if the business is stable and if the product remains constant or show signs of growth.

a) Market Feasibility
b) Financing Feasibility
c) Financial Feasibility
d) Technical Feasibility
Question 12
Multiple Choice

52. To provide a source of income is the purpose of entrepreneurship and profit. What type of feasibility is this?

a) Market Feasibility
b) Financing Feasibility
c) Financial Feasibility
d) Technical Feasibility
Question 13
Multiple Choice

53. This feasibility states that difficulties may be encountered in the procurement of materials and manpower.

a) Market Feasibility
b) Financing Feasibility
c) Financial Feasibility
d) Technical Feasibility
Question 14
Multiple Choice

54. This feasibility aims that the owners must have sufficient capital or good credit standing in the community.

a) Market Feasibility
b) Financing Feasibility
c) Financial Feasibility
d) Technical Feasibility
Question 15
Multiple Choice

55. It means that all business ideas passed the adapted criteria.

a) Status quo
b) Shorter list
c) Zero listing
d) None of the above
Question 16
Multiple Choice

56. The capacity to think creatively and come up with new ideas or solutions.

a) Vision
b) Adaptability
c) Resilience
d) Innovation
Question 17
Multiple Choice

57. The strength to recover from failures and continue moving forward.

a) Vision
b) Adaptability
c) Resilience
d) Innovation
Question 18
Multiple Choice

58. Flexibility in dealing with changing circumstances.

a) Vision
b) Adaptability
c) Resilience
d) Innovation
Question 19
Multiple Choice

59. The ability to see potential opportunities and plan for the future.

a) Vision
b) Adaptability
c) Resilience
d) Innovation
Question 20
Multiple Choice

60. According to John Lewis Holland’s six types of personalities, this individual prefers activities involving aggressive behavior and physical exertion or requiring skill, strength and coordination.

a) Conventional
b) Social
c) Enterprising
d) Realistic
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