Business Ownership and Organization
What is the simplest form of business ownership in the Philippines?
sole ownership
What type of capital is used to cover a company's day-to-day expenses?
Working Capital
Which PEC involves setting goals and making detailed plans to achieve them?
Goal-Setting
What is the process of identifying a favorable situation to provide a product or service for profit?
Business Opportunity Identification
In a partnership, what document outlines the responsibilities and profit-sharing agreements of the partners?
Articles of Partnership
Which capital is used for acquiring long-term assets like buildings and machinery?
Fixed Capital
What competency reflects the ability to handle unexpected challenges and continue pursuing goals?
Persistence
Which analysis technique is used to evaluate a business's Strengths, Weaknesses, Opportunities, and Threats?
SWOT Analysis
What type of corporation is formed for charitable or non-profit purposes?
Non-Stock Corporation
What type of funding is typically provided to high-risk startups with strong growth potential?
Venture Capital
Which competency focuses on looking for and recognizing new business opportunities?
Opportunity-Seeking
What financial consideration is essential when assessing the feasibility of a business opportunity?
Capital Requirements
Which business structure offers limited liability for its owner and can be formed by a single person?
One-Person Corporation (OPC)
What capital is used to expand business operations or enter new markets?
Growth Capital
What PEC is demonstrated when an entrepreneur ensures products and services meet customer expectations?
Demand for Efficiency and Quality
What term describes aligning business ideas with personal interests and expertise?
Passion Alignment
In the Philippines, which government agency is responsible for registering corporations?
Securities and Exchange Commission (SEC)
What calculation is used to determine working capital?
Current Assets - Current Liabilities
Which competency involves gathering necessary information to make informed business decisions?
Information-Seeking
Which external factor can present a new opportunity for businesses by changing market demand?
Industry Trends