12. Mrs. Gina magno opens her own retail
business. She knows that her personal
entrepreneurial characteristics are
insufficient to ensure a successful
operationalization of a business she has
in mind. Your answers to the questions
below will help in developing her PECS.
13. 1. What pecs must she
possess if there are
customers who complain
about the quality of her
product?
22. 4. Mrs. Magno follows the advice of a
friend to be flexible especially if she
intends to open a retail business.
What PECs has been demonstrated
by Mrs. Magno?
25. 5. She tells Mary, her best friend that
she has a strong will and does not
give up finding a solution to a
business problem. What PECs has
been demonstrated by Mrs. Magno?
26. A. HARD WORK
B. PERSISTENCE
C. SELF-CONFIDENCE
D. RISK-TAKING
27. A. HARD WORK
B. PERSISTENCE
C. SELF-CONFIDENCE
D. RISK-TAKING
28. An entrepreneur is the person who
sees a problem in the world and
immediately focuses on creating the
solution. They are the leaders that
strike out on their own to improve
society.
29. Whether they are creating jobs or a new
product, they constantly take action to
ensure world progress. In the process of
understanding what is entrepreneurship,
let us look at why entrepreneurs are
important in society.
30. Entrepreneurs create jobs:
•Without entrepreneurs, jobs would not exist.
Entrepreneurs take on the risk to employ
themselves. Their ambition to continue their
business’ growth eventually leads to the
creation of new jobs.
31. Entrepreneurs innovate:
•Some of the greatest technologies today
have come from businesses. The
technological advances come out of a need
to solve a problem, create efficiencies, or
improve the world.
32. Entrepreneurs create change:
•Entrepreneurs dream big so naturally some of
their ideas will make worldwide change. They
might create a new product that solves a
burning problem or take on the challenge to
explore something never explored before.
33. Entrepreneurs give to society:
•While some have this notion of the rich being
evil and greedy, they often do more for the
greater good than the average person. They
make more money and thus pay more in taxes
which helps fund social services.
34. Entrepreneurs add to national income:
•Entrepreneurship generates new wealth in an
economy. New ideas and improved products or
services from entrepreneurs allow for the
growth of new markets and new wealth to be
created in an economy.
35. Entrepreneurship decreases poverty:
•In the spirit of sharing good news, more
people are being pulled out of poverty today
than ever before. Being able to connect to
millions and billions of people on the internet
allows new entrepreneurs to find customers
around the world.
37. Multiple Choice. Choose
the letter of the best
answer. Write the chosen
letter on a separate sheet
of paper.
38. Mrs. Gina Magno opens her own retail
business. She knows that her personal
entrepreneurial characteristics are
insufficient to ensure a successful
operationalization of a business she has
in mind. Your answers to the questions
below will help in developing her PECs.
39. 1. Which of the following is
NOT considered as a
characteristic of an
entrepreneur?
40. A. COPES WITH FAILURE
B. PERSISTENT
C. DEPENDENT
D. OPPORTUNITY SEEKER
41. 2. Mrs. Magno follows the advice of a
friend to be flexible especially if she
intends to open a retail business.
What PECs has been demonstrated
by Mrs. Magno?
43. 3. She tells Mary, her best friend that
she has a strong will and does not
give up finding a solution to a
business problem. What PECs has
been demonstrated by Mrs. Magno?
57. 10. What traits of a successful
entrepreneurs always focus their
energy on making the business
work, and for eliminating the
distractions or obstacles to their
goals?
