IE-Reviewer Part3

Question 1

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

Accepted Answer

0

Question 2

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

Accepted Answer

3

Question 3

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

Accepted Answer

1

Question 4

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

Accepted Answer

2

Question 5

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

Accepted Answer

3

Question 6

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.

Accepted Answer

0

Question 7

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.

Accepted Answer

2

Question 8

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.

Accepted Answer

1

Question 9

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

Accepted Answer

0

Question 10

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

Accepted Answer

3

Question 11

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

Accepted Answer

0

Question 12

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

Accepted Answer

2

Question 13

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

Accepted Answer

3

Question 14

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

Accepted Answer

1

Question 15

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

Accepted Answer

0

Question 16

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

Accepted Answer

3

Question 17

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

Accepted Answer

2

Question 18

58. Flexibility in dealing with changing circumstances.

Accepted Answer

1

Question 19

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

Accepted Answer

0

Question 20

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.

Accepted Answer

3