Searching for Business Opportunity
What is the first step in identifying a business opportunity?
Conducting Market Research
What is a key benefit of a partnership over a sole proprietorship?
Shared Responsibility and Resources
What type of capital is primarily used to expand into new markets?
GROWTH CAPITAL
Which competency involves accepting full responsibility for achieving goals?
Commitment to Work Contract
What factor is crucial to assess when determining if a business idea is financially feasible?
Capital Requirements
Which type of corporation is designed to generate profit and distribute dividends to shareholders?
Stock Corporation
What is the most common source of capital for new businesses?
Personal Savings
What PEC helps entrepreneurs make timely decisions by evaluating risks and rewards?
Risk-Taking
What factor affects business opportunity that involves seeking the right team or employees?
Manpower and Human Resource
What is the main legal distinction between a corporation and a partnership?
A corporation has a separate legal personality.
What is called the siza and degree of the business actions?
Scale of Operation
Which competency is demonstrated by constantly seeking ways to improve products or processes?
Demand for Efficiency and Quality
What term describes properly handling the expenses?
Cost Management
What government agency handles the registration of a sole proprietorship in the Philippines?
Department of Trade and Industry (DTI)
What type of capital that is given to high risks start up with growth potential?
Venture Capital
What competency is essential for identifying and seizing market opportunities?
Opportunity-Seeking
What term describes aligning business ideas with personal interests and expertise?
Passion Alignment
What is one reason why a business may choose to operate as a One-Person Corporation (OPC)?
Limited Liability with Sole Control
What is the advantage of the venture capital?
Investment in return for small part of ownership
Which PEC involves about not backing down even at the face of challenge?
Persistence