Republic of the Philippines

DEPARTMENT OF EDUCATION
Region IX, Zamboanga Peninsula
Division of Zamboanga Sibugay
DIPLAHAN NATIONAL HIGH SCHOOL
Poblacion, Diplahan, Zamboanga Sibugay

Name:__________________________________________ Score:___________-
SUMMATIVE TEST IN ENTREPRENUERSHIP
FOR WEEK 3 AND 4
Directions: Read the question carefully and write your answer on the space provided.
______1. Who is the lifeblood of the business?
a. Entrepreneurs b. Manager c. Customers d. Supervisor
______2. Who plays a vital role in servicing customers even though the
entrepreneur sells only physical goods?
a. People b. Employees c. Manager d. Cashier
______3. Who has become the major influence in the customer’s buying behavior?
a. People b. Employees c. Manager d. Casher
______4. What is a comprehensive paper that details the situation?
a. Strategic Plan b. Business Plan c. Operational Plan d. Standing
Plan
______5. Who must be aware of all the requirements for them to come up with
features that best suit their needs?
a. Manager b. Entrepreneurs c. Supervisor d. People
______6. What do you call the step-by-step procedure or activity workflow that the
entrepreneur or employees follow?
a. Process b. Packaging c. Strategy d. Employees
______7. Which of the following is a comprehensive process that understands the
customer’ intricacies?
a. Marketing Research b. Market Size c. Marketing Plan d.
Market Share
______8. Which of the following is the core job of the business owner?
a. Process b. Packaging c. Strategy d. Employees
______9. What would be the effect of making customer satisfied?
a. Loyalty b. Availment c. Motivation d. Perception
______10. How will be the product or service presented to customers?
a. By means of packaging the product
b. by following the step by step procedure
c. by preparing the raw materials
d. by polishing the output

Prepared by: JURGEN B. MONTEJO, LPT

 Republic of the Philippines
DEPARTMENT OF EDUCATION
Region IX, Zamboanga Peninsula
Division of Zamboanga Sibugay
DIPLAHAN NATIONAL HIGH SCHOOL
Poblacion, Diplahan, Zamboanga Sibugay

Name:__________________________________________ Score:___________-

SUMMATIVE TEST IN ENTREPRENUERSHIP

FOR WEEK 5 AND 6

Directions: Read the question carefully and write your answer on the space provided.
______1. What is the most difficult parts of the business plan?
a. Operational plan c. Financial plan
b. Business plan d. Marketing plan
______2. Which of the following is used by the entrepreneur to establish a
business?
a. Capital b. Money c. Loan d. Centavo
______3. What aspect of the 4Ms operations represent the day-to-day operation of a
business?
a. Method b. Manpower c. Machines d. Materials
______4. What is the important part of the business plan?
a. Marketing mix b. Process c. Operations plan d. Price
______5. What is the process of appointing a third party manufacturer to do the
manufacturing operations of the business?
a. Outsourcing b. Inventory c. Packaging d. People
______6. What is the major cost in logistics management?
a. Warehousing b. Manufacturing c. Transportation d. Inventory
______7. Which of the 4Ms of operations can be described as the “best friend of
manpower in producing goods and offering services?
a. Materials b. Machines c. Method d. Manpower
______8. What are the two ways in achieving reasonable profits?
a. Increasing mark up and decreasing operational cost
b. Devise and efficient distribution system
c. Man power efforts and support products or auxiliary services
d. Apply lean manufacturing process
______9. Why financial plan is very difficult parts in business plan?
a. The sustainability of a business depends on a meticulous monitoring of finances
b. This is the portion of the business plan that speaks of the product or service
performance
c. It also provides the entrepreneur financial data such as liquidity, cash flow and
financial standing of the business
d. All of the above
______10. Why a business should separate entity and should not be mixed with the
personal finances of the entrepreneur?
a. A disciplined habit of consistently saving
b. To maintain the capital used by entrepreneur
c. To avoid bankruptcy
d. All of the above

Prepared by: JURGEN B. MONTEJO, LPT

 Republic of the Philippines
DEPARTMENT OF EDUCATION
Region IX, Zamboanga Peninsula
Division of Zamboanga Sibugay
DIPLAHAN NATIONAL HIGH SCHOOL
Poblacion, Diplahan, Zamboanga Sibugay

Name:__________________________________________ Score:___________-

SUMMATIVE TEST IN ENTREPRENUERSHIP

FOR WEEK 7 AND 8

Directions: Read the question carefully and write your answer on the space provided.
________1. Which of the following is a core financial statement that describes the
financial position of the business?
a. Balance Sheet c. Cash flow statement
b. Income statement d. Gross revenue
________2. Which kind of assets that can be converted to cash for than one year?
a. Current asset c. Liabilities
b. Noncurrent asset d. Owner’s equity
________3. What is the formula in creating balance sheet?
a. Assets=liabilities – owner’s equity
b. Assets= liabilities ÷ owner’s equity
c. Assets= liabilities x owner’s equity
d. Assets= liabilities + owner’s equity
________4. Which of the following that considered when the product is already sold
regardless if the business is paid in cash or credit?
a. Revenue b. Deferred c. Earned d. Capital
________5. What kind competitors that offers exactly the same product or services?
a. Direct competitors c. No competitors
b. Indirect competitors d. External competitors
________6. What kind competitors that does not offers exactly the same products or
services but influence or affect the entrepreneur’s market share?
a. Direct competitors c. No competitors
b. Indirect competitors d. External competitors
________7. What is the net revenue of 35,245 incomes less income tax of (20%)?
a. 25, 356 b. 28, 196 c. 13, 265 d. 30, 198
________8. What is the Gross profit if the sales is 20 000?
a. 7 000 b. 8 000 c. 9 000 d. 10 000
________9. Why cash flow statement is very important is financial statement?
a. This is the most important asset of a business
b. It identify if the business is earning enough
c. To determine the cash flow of the business
d. All of the above
________10. Why it is depreciation is added back to the cash balance in making a
balance sheet?
a. Because there is no cash movement involved in depreciation
b. Because there is cash movement involved in depreciation
c. Because this is also need finances
d. Because it is recorded in income statement as expense

Prepared by: JURGEN B. MONTEJO, LPT