ENTREP MIDTERM (UNIT 4)

EVFI stands for?

It is a non-profit organization that guides Filipino entrepreneurs and their environment through the involvement of volunteer experts and executives.

mSMEs stands for?

It is a communication model that is used to improve understanding between individuals.

The word "Johari" is taken from the names of?

This quadrant represents the things that you know about yourself, and the things that others know about you.

This quadrant represents things about you that you aren't aware of, but that are known by others.

This quadrant represents things that you know about yourself, but that others don't know.

This last quadrant represents things that are unknown by you and are unknown by others.

It refers to the key characteristics that a successful entrepreneur should have in order to be successful.

It is being active in finding openings in the environment which can

be used in different ways to start a business, to create a new market, or to improve business operations.

It is doing something continuously even though other people say that you will not succeed or that you are just wasting your time and effort.

It is the state of giving much time and attention to something because you believe it is right and important.

It means taking the chance to do something that is out of your comfort zone.

A good entrepreneur demands quality and efficiency not only from himself but also from her workers and suppliers.

It is the behavior of gathering information from relevant sources.

It is genuinely realistic.

It has a solid self-belief.

Utilizes raw materials to create a product to sell.

A business that buys products directly from a manufacturing company.

Purchases products directly from a wholesale or distributing company then sells the inventory directly to the public.

These are set up according to the unique service or product sold or produced.

It means taking the chance to do something which is out of your comfort zone.

Doing something risky without even checking what are the possible results?

Almost not taking any risk or avoiding anything difficult?

Carefully calculating all the chances before doing something difficult?

When you and someone else start doing business with the intent of making a profit?

To clarify each partners’ expectations and roles

within the business?

Neither sole proprietorships nor partnerships shield the owners from the obligations of the business.

It means that the business does not pay corporate tax.

It is the formation of a new corporation.

It is a company or project undertaken by an entrepreneur to seek,

develop, and validate a scalable economic model.

It offers direction for entrepreneurs to enhance their knowledge of how to sustain their assets relating to their status and identity and strengthen their real-time skills.

Itis an approach by individuals, groups, start-up companies.

It is a person who invests in a new or small business venture, providing capital for start-up or expansion.

What are the four Typical Sources of Angel Investors?