TQ Entrep

REPUBLIC OF THE PHILIPPINES
Department of Education
REGION XI
SULOP NATIONAL HIGH SCHOOL-SHS
Sulop Davao del Sur
First Quarter Examination

Subject: Entrepreneurship
Student’s Name: ____________________________ Score: ________________

Section: _________________________________ Date: _________________
Test I. Multiple Choice

Instruction: Read the questions comprehensively and choose the letter that best correspond to the idea asked in each item. Encircle
the letter of your choice. In the event that you would like to change answer indicate your final answer on the space before the item
number. God Bless!
1. Entrepreneurs who plan to enter any business endeavour must have a _________.
a. business concept c. business models
b. business plan d. business goals
2. Clearly, a business plan serves many masters, which one is not true?
a. It serves the entrepreneur who must set a navigation course.
b. It serves investors and cautious financiers.
c. It serves the students who have interest of making a business.
d. It serves the managers and staff of the organization so that they will know the strategies and programs of the enterprise.
3. _______ show the future and long-term prospects of the enterprise. It is composed of the vision, mission, objects, key result
areas, and performance indicators of the enterprise.
a. business concept c. business models
4. ________ contains everything that is relevant and important to the business audience. It is a synthesis of the entire plan.
a. business concept c. executive summary
5. Allows the entrepreneur to see things in a very positive and optimistic light in the midst of crisis or difficult situation.
a. entrepreneurial heart flame c. entrepreneurial gut game
b. entrepreneurial minds frame d. entrepreneurial skills ability
6. Driven by passion, an entrepreneur is drawn to find fulfilment in the act and process of discovery.
b. entrepreneurial minds frame d. entrepreneurial ability game
7. The ability of the entrepreneur to sense without using five senses. This is also known as intuition.
b. entrepreneurial minds frame d. entrepreneurial ability game
8. ________ refers to the “big or macro forces” that affect the area, the industry and the market, which the enterprise belongs to.
a. Microenvironment c. Micromarket
b. Macroenvironment d. Macromarket
9. Macro environment that includes the demographics and cultural dimensions that govern the relevant entrepreneurial endeavour.
a. Socio-Cultural Environment c. Political Environment
b. Economic Environment d. Ecological Environment
10. It is mainly driven by supply and demand forces. It is the same factor that drives the interest and foreign exchange rates to
fluctuate with the movement of the market forces.
11. Includes all-natural resources and the ecosystem that defines the habitat of man, animals, plants, and minerals.
12. Defines the governance system of the country or the local area of business. It includes all the laws, rules, and regulations on
allowable and disallowable business practices.
13. Makes or break competing completing participants in any industry. New scientific and technological discoveries often to the.
launch and commercialization of new products with superior attributes or to rendering the old ones obsolete.
b. Economic Environment d. Technological Environment
14. ______ focuses on the volume produced or converted at each link of chain.
a. Industry b. Product chain c. Value-added chain d. Industry chain
15. _______ focuses on the economic rather than the volume aspect of the chain.
16. Raw materials, semi-processing, and fully processed products or services are the example of ________.
17. Raw materials prices and additional cost and profits, semi-processed goods prices and additional costs and profits, and prices of
processed goods are the example of ________.
18. _______ refers to the specific target market segment of a particular enterprise.
a. Microenvironment c. Micromarket
b. Macroenvironment d. Macromarket
19. _______ refers to the tastes of particular group of the people.

a. Consumer preferences b. Consumer dislikes c. Piques d. Perception
20. _______ refers to the thing that irritate the customers.

a. Consumer preferences b. Consumer dislikes c. Piques d. Perception
21. Customer preferences change in period time.

a. True c. Maybe
b. False d. None of the above.
22. Opportunities abound in shaping consumer perceptions or occupying spaces in their minds or places in their hearts that have
not been empty.
a. True c. Maybe
23. The longer the customer wants to use product, the greater the chance of creating lasting loyalty.
a. True c. Maybe
24. People’s tastes in clothes, music, shoes, entertainment, dance, sports, hobbies, and even careers have not evolved over the
years.
a. True c. Maybe
25. Before the customer is won over, there is a battle of mind. Next there is a battle for the heart. Finally, there is a battle of the
money.
a. True c. Maybe
26. Determining personal preferences and competencies lay the foundation for a new business venture.
a. True c. Maybe
27. New inventions, new systems and work processes, new insights about the human psyche, new applications for old knowledge,
new revelations about how the physical world works would be a greater source of opportunities.
a. True c. Maybe
28. Unexpected occurrences in both the external and internal environment of the enterprise indicate that significant changes are
happening and opportunities are increasing.
a. True c. Maybe
29. An opportunity screening in an entrepreneurial endeavour, states that there will be a risk. However, some opportunity carry
more risks than others.
a. Revenue c. Range
b. Reach d. Risks
30. Opportunities requiring fewer resources from the entrepreneur may be more favoured than those requiring more resources.
a. Revenue c. Resources required
b. Reach d. Risks
31. One of the opportunity screening that must consider the possible and income returns of a particular product or services.
b. Return d. Risks
32. If you think that opportunity will most likely be the “next big thing” or even a game changer that will revolutionize the industry,
then there is a big potential of the opportunity.
b. Reach d. Revolutionary Impact
33. If the opportunity that you want to pursue addresses the unfulfilled or underserved needs and wants of customers, then you
have a better chance of succeeding.
a. Responsiveness c. Resources required
b. Reach d. Risks
34. Opportunities that have good chances of expanding through branches, distributorships, dealerships, or franchise outlets in order
to attain rapid growth are better opportunities.
b. Reach d. Risks
35. The opportunity can potentially lead to a wide range of possible product or service offerings, thus, tapping many market segments
of the industry.
b. Reach d. Risks
36. In any entrepreneurial endeavour, it is important to determine the sales potential of the products or services you
want to offer.
b. Reach d. Risks
37. It is based on the estimated number of possible customers who might avail of the product or service.
a. Market potentials and prospects
b. Segmenting the market
c. Assessing competition
d. Estimating market share and sales
38. Using a set of demographics will be most approach in determining the ______.
39. This process use to assess one’s strength and weakness, there must be a comparison made to the closest competitors.
40. After estimating the number of potential target market or segment, the next thing that the entrepreneur should assess is the
potential market he or she can attract is ___________.
41. _______ a person who has prior knowledge of doing a business and he or she uses these skills to build a small business.
a. Entrepreneur c. Manager
b. Ordinary businessman d. Sales lady
42. _______ a person who undergo trainings, whose main objective is simply to earn profits from producing, buying and sellings
goods.
a. Entrepreneur c. Manager
b. Ordinary businessman d. Sales lady
43. These are the cost related to the preparation for the launch of the business. These include the pre-feasibility study, in-depth
Feasibility study, market research, product development and initial promotional cost.
a. pre-operating costs c. working capital investment

b. production facilities investment d. servicing costs
44. This includes the investment needed to operationalize the business, composed of cash, accounts receivable, and inventories.
45. This refers to the long-term investment for the actual business establishment, including investment in land, buildings, machinery,
equipment, computers, software, furniture. Vehicles etc.

45- 50. Give the sources of the opportunities.

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REPUBLIC OF THE PHILIPPINES

First Quarter Examination

Student’s Name: ____________ Score:

Test I. Multiple Choice

19. _______ refers to the tastes of particular group of the people.

20. _______ refers to the thing that irritate the customers.

21. Customer preferences change in period time.

a. pre-operating costs c. working capital investment

a. pre-operating costs c. working capital investment

45- 50. Give the sources of the opportunities.

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