Nuestra Señora del Carmen Institute, Inc.

(formerly Nuestra Señora del Carmen Academy)

Km. 38 Pulong Buhangin, Sta. Maria, Bulacan
Email Add: nuestrainstitute@gmail.com
Mobile Number: 0917-745-5049

1ST PERIODICAL TEST IN ENTREPRENEURSHIP

Name: ________________________________________________ Score: __________________________

Grade 12- St. Louis Teacher: Ms. Jean Alyssa Mae. Calingacion Date: __________________________

Test I: Multiple Choice.

Choose the best answer. Write your answer on the space providedC

_____1.This traits refer to the eagerness to be involved in commercial activities, i.e. to think of a great service
to sell, to produce and market it.
a. Confidence b. Creativity c. Goal Setting d. Passion for business
_____2. Entrepreneurs should possess that belief in themselves and their capabilities.
a. Confidence b. Creativity c. Goal Setting d. Passion for business
_____3. The belief that one’s fate or destiny lies on really one’s self – his beliefs, efforts and actions.
a. Confidence b. Creativity c. Goal Setting d. Self-determination
_____4. Entrepreneurs how to take risks but these risks are calculated that are well thought out and considered.
a. Eye for detail c. Management of Employees
b. Creativity d. Management of Risks
_____5. The importance of the little things that can determine the quality of a product or services.
a. Confidence b. Creativity c. Eye for Detail d. Seeing the big picture
_____6. Entrepreneurs usually make clear goals that one realistic and achievable.
a. Confidence b. Creativity c. Flexibility d. Goal Setting
_____7. Entrepreneurs usually have a great need to achieve things and to have accomplishments.
a. Initiative and need for achievement c. Tolerance of Ambiguity
b. Management of risk d. Seeing the big picture
_____8. Involves taking moderate or calculated risk in the business.
a. Commitment b. Goal Setting c. Persistence d. Punctuality
_____9. Involves formulating long-term and short-term goals
a. Commitment b. Goal Seeking c. Information Seeking d. Monitoring
_____10. Involves being able to take all the necessary actions in order to accomplish a goal.
a. Commitment b. Goal Setting c. Persistence d. Punctuality
_____11. Entrepreneur’s effort to obtain information on and from clients, suppliers and competitors.
a. Commitment b. Goal Seeking c. Information Seeking d. Monitoring
_____12. A trait exhibited by entrepreneurs because they bound to meet with failures along the way, since
failure is inevitable.
a. Having several motivating factors c. Seeing the big picture
b. Tenacity despite failures d. Tolerance of ambiguity
_____13. This trait means the ability to perceive and discern a favourable satisfaction or condition and convert
it to a business opportunity.
a. Innovation b. Goal Seeking c. Persistence d. Opportunity Seeking
_____14. Entrepreneurs have often said to be creative because they are not satisfied with just copying or doing
the same routine.
a. Artistic b. Confidence c. Creativity d. Flexibility
_____15. Unfailing dedication to the enterprise and the acceptance with full responsibility for everything it
involves including problems
a. Commitment b. Goal Seeking c. Information Seeking d. Monitoring
_____16. Although entrepreneurs have an eye for details, they do not get lost in the details

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 a. Initiative and need for achievement c. Tolerance of Ambiguity
b. Management of risk d. Seeing the big picture
_____17. Entrepreneurs are usually flexible in their decision making and actions, especially in the early stages
of the business since things are still evolving.
a. Being systematic b. Quality c. Creativity d. Flexibility
_____18. This trait involve aiming for excellence and commitment to the delivery of quality goods and services.
a. Efficiency and quality orientation c. Confidence
b. Opportunity Seeking d. Persistence
_____19. Entrepreneurs have a strong belief in themselves and their capabilities to get the job done, to complete
difficult task and to meet challenges.
a. Having strong self-confidence c. Risk-Taking
b. Opportunity seeking d. Persistence
_____20. Entrepreneurs make use logics and rational thinking to plan out strategies and tactics to accomplish
the goal.
a. Information Seeking b. Goal Seeking
b. Being systematic in planning/monitoring d. Risk-Taking

Test II: True or False (NO ERASURES)

______1. The development of a country is measured with statistical measures such as income per person, life
expectancy, the rate of literacy and so on.
______2. HDI mean Human Development Integration.
______3. A developed country can be defined through economic growth and security.
______4. Underdevelopment country lacks industrialization, infrastructure, developed agriculture and
developed natural resources.
______5. According to HDI, Philippines rank as 115 out of 187 with a classification of medium human
development.
______6. Some examples of countries with “low human development” are Pakistan, Bangladesh, Nepal and
Myanmar.
______7. The root of entrepreneur can be traced to capitalism.
______8. The term entrepreneur is often traced to the French word “entreprende”.
______9. Entreprende means the “one who overtakes”.
______10. Entrepreneurship education which involves the immersion of the youth in the principles and ideas
around the character.
______11. Joey Concepcion is the founder of Kapuso Foundation.
______12. Go Negosyo is a nationwide movement and advocacy that promotes entrepreneurship can be among
the possible solution to poverty.
______13. Business plan development and training involve the provision of technical assistance such as basic
skills, training on the preparation/development.
______14. Business Information Network involves the provision of continuing information assistance to young
entrepreneurs concerning market trends.
______15. GEM means Global Entrepreneurship Management.
______16. GEM Project is an annual assessment of the entrepreneurial activity, aspirations and attitudes across
a wide range of countries.
______17. Joseph- Alois Schumpeter was one of the first to study entrepreneurs and the impact of
entrepreneurial capitalism on society.
______18. DTI said it will continue to promote entrepreneurship among Filipinos through education and
assistance.
______19. DTI means Department of Trade and Industrialization.
______20. IMF means International Monetary Fund.
______21. Entrepreneurs have been called the new “movers and shakers” of contemporary society.
______22. Henry Sy was the “Father of Philippine Wholesale”.
______23. Julie Melencio is the owner of Julie’s Bakeshop.
______24. Alvin Ong decided to enter into events management and was able to organize concerts.
______25. Marx Melencio is the owner of Grayscale Business Consultancy and Management Services.

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Test III. Enumeration
A. Give at least 5 Millenium Development Goals
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
B. What are the 3 goals of Philippines accordance to
Millenium Development Goals
_______________________________________
_______________________________________
_______________________________________

C. The HDI rank countries and categorizes them as having _________________, _________________,
________________ and ____________________.
D. Give at least 3 vital provision of E.O 470 in 2005.
__________________________ _____________________________ ___________________________
E. Name at least 3 entrepreneurs in the Philippines
__________________________ _____________________________ ____________________________
F. 3 Cluster of Philippine Research on Entrepreneurial Traits.
__________________________ _____________________________ ____________________________
G. Give Characteristics and Traits of Entrepreneurs.
__________________________ _____________________________ ____________________________

Test IV: Enumeration

Explain or define the following. Write your answers on the back.

1. Innovation (4pts)
2. Opportunity (4pts)
3. Resource Mobilizing (4pts)
4. Encountering risks and uncertainties (4pts)
5. Economic and Personal Rewards (4pts)
6. What is a business plan? (5pts)
7. What is the importance or purpose of a business plan? (5pts)
‘Nak, you are so close to the victory, don’t you dare give up now.

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