Test Yourself Direction: Identify the following statements. Write your answer on the space provided.
1. Tangible commodities that we can see and touch
2. A situation where results are not certain. 3. Efforts generated by people or machine to produce a kind of work.
4. They are not necessary for survival but add comfort and pleasure to our lives.
5. A business organization and its owner is called an entrepreneur
6. This can be related to Filipinos being so kind to the point of violating the principle of business entity concepts
7. Akin to risk taking and Filipinos are fond of adventures
8. Highly related to Filipinos' craftiness and adeptness in imitating the business of others especiall if they have seen proofs of its profitability or gain.
9. Creating new ideas and products, different methods of production, new markets and new resour
10. Key to success.​