ENTREPRENEURSHIP 1

10:30AM-12:00NN TTH

PRELIMINARY EXAMINATION
DECEMBER 10, 2015

NAME:
I.

Provide the missing information.

Economic freedom

1.
2.

3.

Extend assistance
4.

Free enterprise economy

Two
Galleons

Galleon trade

The Republic

7.
9.

Aquino Administration

Ramos Government

II.

Acapulco-Manila

120 days at sea

5.

Manila-Acapulco

90 days at sea
6.

President Garcia
President D.
Macapagal

GNP Growth Rate

Priorit
y

1987

11.

1989

12.

8.
10.

13.
14.
15.

Modified True or False. Write True if the statement is correct. If the statement is
false, underline the word/s which make it incorrect and provide the correct word/s to
make the statement true.
1. According to Professor Nathaniel Right, Entrepreneurship is the capacity for
innovation, investment and expansion in new markets.
2. It is investment which distinguishes entrepreneurship from other activities.
3. Professor Hirsh said that entrepreneurship is more than a word. It is a
mission.
4. Growth is a process.
5. Development does not include non-economic factors.
6. Laissez Faire is a French word introduced by physiologists to mean economic
freedom.
7. The Laissez Faire theory states that the government should put up massive
public works during economic depression.
8. Sir Nicholas Kaldor believes that the key factor in economic growth is land.
9. The Innovation Theory appears to explain the industrial success of rich
countries.
10.The Harrod-Domar Theory claims that more products can be produced through the
use of machines.
11.Professor Peter Ducker stated that entrepreneurial economy has been the most
important development in the American economy.
12.Harvard President Derek Burke said that the Harvard Business School is
beginning to see that its role is not just training general managers, but also
training and providing preparation for people to start their own business.
13.Entrepreneurs are the organizers and coordinators of the major factors of
production.
14.One of the top programs of the government is the development and promotion of
Filipino entrepreneurship.
15.Schumacher is the legendary author of Small is Wonderful.

Ms.