SCORE:
Third Quarter Summative Examination
ENTREPRENEURSHIP (GAS)
SURNAME FIRST NAME M.I. SECTION DATE
G11 -
MULTIPLE CHOICE. Directions: Read and analyze the items below. Identify the letter that best answers the questions.
Write the letter before the number.
______1. Entrepreneur comes from French word” entreprendre” means
a. Skillful and artistic c. Devoted to work
b. Risk taker and innovator d. committed
______2. A person who is “moving forward” with courage, persistence, optimism, perseverance, and is hard-working so their business can grow.
a. Business Tycoon c. Enterpriser
b. Entrepreneur d. Supervisor
______3. Ability to apply new ideas that will enable you to undertake activities differently
a. Hard working c. Risk Taker
b. Innovative d. Serious
______4. Effective mobilization of resources needed in the enterprise process.
a. Achiever c. Task-oriented
b. Empathy d. Resourcefulness
______5. Being enterprising can brings benefits to you as an individual and become a valued member of your family,
community, place of work and society.
a. True c. Maybe
b. False d. Sometimes
______6. Being an entrepreneur involves some risks. Entrepreneurs have the ability to take measured or calculated risks.
a. Builds for the future c. Self-confidence
b. Risk-Taker d. Willing to listen
______7. The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an _____.
a. Craftsman c. hacker
b. Inventor d. opportunist
______8. Entrepreneurial mind frame allows the entrepreneur to see things in a very_____.
a. Conscious and Problematic c. Resourceful and creative
b. Positive and optimistic d. All of the Above
______9. What are the rewards of Entrepreneurship?
a. Fulfillment in life c. Providing benefits and jobs
b. Feeling of freedom d. All of the above.
______10. It is an organized, step-by-step process. Yet, many people try to make their decisions by trial and error.
a. Alternatives solution c. Decision-making
b. Brainstorming d. Risk -Taking
______11. Which is not the Economic function of business?
a. Cheap commodities c. distribute products
b. Fulfill consumers demand d. Satisfy human wants
______12. The following are the roles of Entrepreneur except for one,_______
a. prime mover in business c. organizes political party
b. organizes enterprise d. mobilizer of resources
_____13. It is a science of converting ideas into remarkable business venture.
a. entrepreneur b. enterprise c. entrepreneurial d. entrepreneurship
______14. The following are the requirements of being an entrepreneur except:
a. capital b. career outlook c. required education d. required skills
______15. Entrepreneurs are expected to be reasonable risk takers because:
a. they seize every available opportunity to make profits c. they find it difficult to trust people
b. they believe that the best place to put their money is in the bank d. they are not conservation but also not gamblers
______16. What motivates people to become entrepreneurs.
a. desire to be one’s own boss c. desire to create one’s own job security
b. desire for financial rewards d. desire to improve one’s quality of life.
______17. He said that Entrepreneur is a dynamic process of vision, change, and creation for Incremental Wealth.
a. Robert C. Ronstadt b. Robert Ronstat c. Robert Ronstad d. Robert Runstadt
______18. Constituion that recognizes entrepreneurship as an engine of economic growth.
a. 1887 Philippine Constitution c. 1967 Philippine Constitution
b. 1897 Philippine Constitution d. 1987 Philippine Constitution
______19. In career opportunities, they are someone who works in sales or runs the department needs to know how businesses run.
a. business consultant b. intrapreneur c. management analysts d. sales
______20. They provide advice about business issues, such as the development and implementation of business plans, how to streamline
operations or how to expand into a new market.
a. business consultant b. intrapreneur c. management analysts d. sales
______21. The person who evaluates a business' systems, procedures and operations, they may also review a business' financial matters, such as
the ratio of income to expenditures.
a. business consultant b. intrapreneur c. management analysts d. sales
______22. This can be considered as capability of the learner in handling situations in various areas in business.
a. competencies b. knowledge c. skills d. techniques
______23. Entrepreneur must know how that every action can directly affection situations and that they have to control the result.
a. locus of control b. problem-decision making c. self efficacy d. specific goal setting
______24. Entrepreneur should set goals, particularly in business that will result firm performance and innovation.
a. locus of control b. problem-decision making c. self efficacy d. specific goal setting
______25. Entrepreneur should persevere even in the face of setbacks, take negative feedback positively and use it to improve performance.
a. locus of control b. problem-decision making c. self efficacy d. specific goal setting
______26. The one who engage in an entrepreneurial process.
a. entrepreneur b. enterprise c. entrepreneurial d. entrepreneurship
______27. They can negotiate with competitors and collaborate with them.
a. marketing b. networking c. organizing d.planning
______28. Successful entrepreneur plans and prioritize work to ensure time is managed effectively.
a. marketing b. networking c. organizing d.planning
29. Entrepreneurs are competent in executing strategies that promote their products.
a. marketing b. networking c. organizing d.planning
30. Entrepreneurs must be specific about the directions of their venture.
a. marketing b. networking c. organizing d.planning
31. A successful entrepreneur can easily communicate and prepare documents electronically.
a. computer competency b.business principles c. innovation and creation d. workplace competencies
32. Competencies that develop from the synthesis of an individual’s skills, knowledge and abilities with on the job tasks and work related.
a. computer competency b.business principles c. innovation and creation d. workplace competencies
33. Being well versed in market knowledge, economic principles and ethical practices are essential entrepreneurial knowledge.
a. computer competency b.business principles c. innovation and creation d. workplace competencies
34. Successful entrepreneurs apply their creativity to the formulation of inventive system and products.
a. computer competency b.business principles c. innovation and creation d. workplace competencies
35. The entrepreneur understands that thinking using strategies can help achieve goals in the organization.
a. conceptual thinking b. decisiveness c. commercial aptitude d. strategic thinking
36. The entrepreneur is prepared to use new approaches and comes up with new ideas that may enhance the work.
a. conceptual thinking b. decisiveness c. commercial aptitude d. strategic thinking
ATTRIBUTES/CHARACTERISTICS of ENTREPRENUER
37. Dedication A. a person tending to work with energy and commitment
38. Determination B. having new ideas about how something can be done.
39. Flexibility C. is what gets entrepreneurs started and keeps them there.
40. Leadership D. willing to consider different ideas or opinions from other.
is the spark that drives the development of new products or services or ways to do business. It is
41. Passionate E.
the push for innovation and improvement.
is the extremely strong desire to achieve success. It includes persistence and the ability to
42. Self-confidence F.
bounce back after rough times.
an individual that tends to behave in a way that can potentially cause financial loss, but
43. Smarts G.
might also present opportunity, for a rewarding outcome.
is the ability to move quickly in response to changing market needs. It is being true to a dream
44. Risk –Taker H.
while also being mindful of market realities.
The quality that allows someone to continue trying to do something even though it is
45. Open – Minded I.
difficult
46. Innovative J. able to deal with the new or difficult situations and find solutions to the problems
is what motivates the entrepreneur to work hard. Planning of an ideas must be joined by hard
47. Persistent K.
work to succeed.
48. Hardworking L. is the ability to create rules and to set goals.
49. Resourceful M. comes from thorough planning, which reduces uncertainty and the level of risk.
consists of common sense joined with knowledge or experience in a related business or
50. Creativity N.
endeavor.
KEY to Correction 11. A 22. A
1. B 12. C 23. A
2. B 13. D 24. D
3. B 14. A 25. C
4. D 15. A 26. A
5.A 16. D 27. B
6. B 17. A 28. C
7. D 18. D 29. A
8. B 19. D 30. D
9. C 20. A 31. A
10. C 21. C 32. D
33. B 40. L 47. I
34. C 41. C 48. A
35. D 42. M 49. J
36. A 43. N 50. E
37. K 44. G
38. F 45. D
39.H 46. B
