How does Go Negosyo primarily help entrepreneurs?

By offering mentorship from experienced business leaders

What is the primary focus of the Mentor Me Program?

Offering business coaching and mentorship to MSMEs

Which of the following is NOT a service provided by Go Negosyo?

Direct cash grants to entrepreneurs

What is the primary goal of the P3 Program?

To provide affordable loans to micro, small, and medium enterprises

What is the primary goal of Go Negosyo?

To promote entrepreneurship and empower MSMEs

Which of the following businesses CANNOT qualify as a BMBE?

A multinational company branch in the Philippines

What is the role of local government units (LGUs) in the implementation of the BMBE Act?

They assist in the registration and monitoring of BMBEs

Which of the following benefits do entrepreneurs gain from the Mentor Me Program?

Access to experienced business mentors

Under the BMBE Act, which type of businesses are qualified for incentives?

Micro-businesses with total assets not exceeding ₱3 million

What is the long-term goal of the Mentor Me Program?

To help MSMEs scale up and become globally competitive

What is the primary objective of the Barangay Micro Business Enterprise (BMBE) Act?

To support small businesses by providing incentives and benefits

The Mentor Me Program primarily aims to help entrepreneurs by:

Enhancing their business knowledge and skills

Which agency of the Philippine government implements the Mentor Me Program?

Department of Trade and Industry

What type of entrepreneurs can join the Mentor Me Program?

Micro, small, and medium entrepreneurs

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ENT 323_K1

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Answers

1
How does Go Negosyo primarily help entrepreneurs?
By offering mentorship from experienced business leaders
By providing free raw materials for startups
By discouraging competition in business
By granting monopoly rights to certain businesses
2
What is the primary focus of the Mentor Me Program?
Encouraging foreign businesses to invest in the Philippines
Replacing private business consultants
Providing capital investment to startups
Offering business coaching and mentorship to MSMEs
3
Which of the following is NOT a service provided by Go Negosyo?
Business development programs
Financial literacy training
Business mentorship
Direct cash grants to entrepreneurs
4
What is the primary goal of the P3 Program?
To replace traditional banking services
To provide affordable loans to micro, small, and medium enterprises
To eliminate microfinance institutions in the Philippines
To provide financial assistance to large corporations
5
What is the interest rate offered under the P3 Program?
2.5% per month
2% per day
20% per month
10% per week
6
The P3 Program is designed to replace which type of lenders?
Commercial banks
Informal or "5-6" lenders
Cooperatives
Pawnshops
7
What is a key tax benefit provided to registered BMBEs?
Exemption from income tax
Exemption from value-added tax (VAT)
Free government loans
50% tax reduction on sales
8
What is the primary goal of Go Negosyo?
To discourage Filipinos from starting businesses
To promote entrepreneurship and empower MSMEs
To regulate all business activities in the country
To provide high-interest loans to startup
9
How long is the validity period of a BMBE Certificate of Authority?
2 years
5 years
1 year
3 years
10
What law institutionalized Go Negosyo Centers across the Philippines?
Republic Act 10644
Republic Act 6975
Republic Act 11203
Republic Act 8749
11
Who is the founder of Go Negosyo?
Henry Sy
Joey Concepcion
Manny Villar
Ramon Ang
12
The Go Negosy Act was signed into law in what year?
2014
2010
2005
2018
13
Which of the following businesses CANNOT qualify as a BMBE?
A small food stall with ₱500,000 in assets
A manufacturing business with ₱2.5 million in assets
A sari-sari store with ₱1 million in assets
A multinational company branch in the Philippines
14
What is the role of local government units (LGUs) in the implementation of the BMBE Act?
They provide free capital to micro-businesses
They assist in the registration and monitoring of BMBEs
They impose additional taxes on BMBEs
They approve large-scale investments
15
Which of the following benefits do entrepreneurs gain from the Mentor Me Program?
High loans
Access to experienced business mentors
Guaranteed financial support
) Strict government regulations
16
One of the main benefits of P3 Program is
Limited to businesses in Metro Manila
Collateral-free loans
strict requirements for loan application
High-interest rates to increase government revenue
17
Under the BMBE Act, which type of businesses are qualified for incentives?
Foreign-owned enterprises
Government-owned corporations
Large multinational corporations
Micro-businesses with total assets not exceeding ₱3 million
18
What is the long-term goal of the Mentor Me Program?
To increase tax revenue from small businesses
To discourage competition among businesses
To replace all business mentors in the Philippines
To help MSMEs scale up and become globally competitive
19
What is the Republic Act number of the BMBE Act?
RA 7160
RA 11232
RA 9178
RA 10142
20
What is the primary objective of the Barangay Micro Business Enterprise (BMBE) Act?
To support small businesses by providing incentives and benefits
To promote the growth of large corporations
To limit the number of micro-businesses in the country
To increase business taxes for small enterprises
21
The Mentor Me Program primarily aims to help entrepreneurs by:
Providing low-interest loans
Replacing private business schools
Enhancing their business knowledge and skills
Offering free raw materials for production
22
Which organization assists DTI in implementing the P3 Program?
Small Business Corporation
Land Bank of the Philippines
Department of Finance
Social Security System
23
Which agency of the Philippine government implements the Mentor Me Program?
Department of Labor and Employment (DOLE)
Securities and Exchange Commission
Bangko Sentral ng Pilipinas
Department of Trade and Industry
24
What is the maximum loan amount that micro-entrepreneurs can avail of under the P3 Program?
Php 50,000
Php 500,000
Php 10,000
Php 20,000
25
What type of entrepreneurs can join the Mentor Me Program?
Foreign investors only
Government employee
Micro, small, and medium entrepreneurs
Only large corporation
26
The P3 Program is designed to replace which type of lenders?
Pawnshops
Commercial banks
Informal or "5-6" lenders
Cooperatives

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