FIRST ASIAN INTERNATIONAL SYSTEMS COLLEGE, INC.

2nd & 3rd Flr., Agustin Bldg., Poblacion, Cabiao, Nueva Ecija
Partnership with San Antonio High School, Poblacion, Cabiao, N.E.
Tel. No. (044) – 333 – 1462

THIRD QUARTERLY EXAMINATION

ENTREPRENEURSHIP

Name: _____________________________Grade: __________________ Date: ______________

Instructor: Ms. Melanie D.R. Miranda
General Direction: Read carefully each sentence/phrases given. Write on the blank provided the concept being
describe/discuss.
 Huwag kang lilingon sa katabi mo, baka magkatitigan pa kayo ma-inlove ka pa…Eww di’ba?
 Mas madali tong sagutin kesa sa tanong ng manlolokong gf/bf mo sa’yo na “Mahal mo pa ba ako?”
 DO NOT CHEAT. Naranasan mona ang maloko. ANG SAKIT DI’BA? All caps yan para ramdam mo.
 Relax ka lang. EXAM lang to. Mas malaki ang chance na pumasa ka dito kesa pumasa sa puso ng crush mo.
Take note: Wrong spelling will NOT be given a point and ERASURES are NOT accepted.

I. IDENTIFICATION: Identify what is being defined or described. (15 pts.)

____________________1. It is a formal statement of business goals, reasons they are attainable, and plans for
reaching them.
____________________2. Entrepreneurship the advent of new venture particularly small ventures in order to
materialize the innovative ideas of the entrepreneurs.
____________________3. A businessman or woman must be able to guide others in carrying out business and
make a success of it.
____________________4. A businessman or businesswoman has to be sure of him or herself about reaching the set
targets of success.
____________________5. Entrepreneurship is innovation and hence the innovated ideas of goods and services
have to be tested by experimentation.

____________________6. It is considers those who have no option other than to go into business for themselves.
____________________7. A businessman or woman must be willing to undertake any matters concerning their
business venture.
____________________8. Entrepreneurship firms contributed a large share of new jobs. It provides entry-level jobs
so necessary fur training or gaining experience for unskilled workers.
____________________9. It is exist at all times, because people need goods and services to survive.
____________________10. It is one who organizes, manages, and assumes the risks of a business or enterprise.
____________________11. Who’s Austrian economist said the definition of entrepreneurship placed an emphasis
on innovation, and the creation of new products, new production methods, new markets, and new form of
organization
____________________12. The word Entrepreneur is derived from the French word , which means
“to undertake.”
____________________13. Entrepreneurship is the nursing ground for new inexperienced adventurists.
____________________14. The collapse of large industry almost has irresistible damage to the development of
state and to the state of economy and to the financial condition of the relevant persons.
____________________15. It has traditionally been defined as the process of designing, launching and running a
new business, which typically begins as a small business, such as a start-up company, offering a product,
process or service for sale or hire.

II. MODIFIED TRUE OR FALSE

Direction: Write TRUE if the statement is correct but if it’s FALSE, change the underlined word or a
group of words to make the whole statement true.
____________________1. Entrepreneurs start new businesses and take on the safety and rewards of
being an owner.
____________________2. Entrepreneurs you need to be hard-working, smart, creative, willing to take
risks and good with people.
____________________3. We need a business plan to serve as an one-time guide for the proponent or
entrepreneur.
____________________4. A business plan is a written document that describes in detail how a business,
usually a new one, is going to achieve its goals.
____________________5. Planning must start with bigger projects.
____________________6. Preparing a business plan is easy.
____________________7. We need a business plan to determine/estimate the detailed technical and
financial requirements.
 ____________________8. We need a business plan to show general picture of the business project.
____________________9. We need a business plan to serve as a instructions in implementing the
business or project.
____________________10.Entrepreneurship is a science of converting ideas into business.

III. MULTIPLE CHOICE

Direction: Choose the letter of the correct answer and write it on the blank provided at the left side of the
test paper.

a. LEADERSHIP QUALITIES h. CONFIDENT

b. WILLINGNESS i. DECISIVE
c. UNPLANNED STAGE j. BUDGETING SYSTEM STAGE
d. RISK-TAKING k. ENTERPRISING
e. INNOVATIVE l. PLANNING MUST BE REALISTIC
f. ANNUAL PLANNING STAGE m. STRATEGIC PLANNING STAGE
g. PLANNING MUST BE FLEXIBLE n. PLANNING MUST BE BASED ON FELT NEEDS

_____1. A businessman or woman must be willing to undertake any matters concerning their
business venture.
_____2. As the business enterprise becomes bigger, a long range planning is needed.
_____3. A businessman or woman must be able to guide others in carrying out business and
make a success of it.
_____4. The owner-manager realizes the need to develop and use a budgeting system,
estimated income I made to facilitate the orderly function of the growing enterprise.
_____5. Planning should be adjusted to such changes to be effective and relevant.
_____6. New ideas help make a business venture successful.
_____7. His entire attention is devoted to the daily operations of his business in his intense
desire to survive.
_____8. It must be based on the available resources: human, financial, and physical resources.
_____9. Business involves many risks, which a business person must not hesitate to take.
_____10. A businessman or businesswoman has to be sure of him or herself about reaching the
set targets of success.
_____11. The owner-manager drafts an plan. He can use either the top down planning
or bottom up planning.
_____12. The objectives of an entrepreneur should fit the needs of the people in a community.
_____13. He or she has to take many decisions sometimes on the spur of the moment.
_____14. One has to be in order to achieve significant results in business.

IV. ENUMERATION

a) 3 KEY MYTHS IN ENTREPRENEURSHIP

1.____________________________________________________
2.____________________________________________________
3.____________________________________________________

b) 7 STEPS IN BUSINESS PLANNING

1. ____________________________________________________
2. ____________________________________________________
3. ____________________________________________________
4. ____________________________________________________
5. ____________________________________________________
6. ____________________________________________________
7. ____________________________________________________

c) 4 INTERPERSONAL COMPETENCIES
1. 3._____________________________
2. 4._____________________________

d) 4 BUSINESS COMPETENCIES
1. 3._____________________________
2. 4._____________________________

Set B
 e) 4 COMPONENTS OF BUSINESS PLANNING
1. 3._____________________________
2. 4._____________________________

V. ESSAY (5PTS.)

1. EXPLAIN THE QUOTATION OF Lloyd Shefsky ‘’Entrepreneur have to be born, not made’’ ?

__________________________________________________________________________________
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2. IN YOUR OWN OPINION WHAT IS THE IMPORTANT OF CREATING BUSINESS PLAN

__________________________________________________________________________________
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3. Write your HUGOT LINES about BUSINESS.

__________________________________________________________________________________
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“If you believe in yourself anything is possible.”

Set B
 BEST OF LUCK FOR EXAM

Set B