TAGUM CITY COLLEGE OF SCIENCE AND TECHNOLOGY FOUNDATION INC.

Elpidio M. Gazmen Compound, Gazmen Road, Tagum City

SEC. Reg. No. 200630691 / Tel. No. 216-6824
E-mail Address: tcit2007@yahoo.com

1st Monthly Exam

Entrepreneurship
Grade 11

I. Write True if the statement is correct and False if it is wrong.

_________1.Successful entrepreneurs are afraid to express themselves.

_________2.An entrepreneur owns, operates, and takes the risk of a business venture.
_________3.One characteristics of an entrepreneur are that they are able to act quickly.
They are not afraid to make quick decisions when necessary.
_________4. An entrepreneur can expect to earn large profits immediately after starting
a business.
_________ 5. Entrepreneurs determine how much money it will take to start a business.
_________6. With proper training and investment, great manager can turn into amazing
leaders.
________ _7. For-profit organizations are types of organizations that do not earn profits
for its owners.
_________ 8. Most new products are commercial failure.
_________9.Entrepreneur estimate demand for their products or services by
identifying their target market.
________10. Goods are products that you can see and touch.

II. Fill in the blanks.

Write the letter of the correct answer from the given choices below.

A. Risk B. Innovation C. Entrepreneur D. Target market

E. Products F. Services G. Entrepreneurship H. Sales

I. Market problems J. Prospects K. Existing customers

L. Distribution channels M. Opportunities N. Staple products

O. Convenience goods P. Technology Q. Business

_______1.People who own, operate and take the risk of a business venture.
_______2.It refers to the process of running a business of one’s own.
_______3.It refers to the possibility of loss or injury; something that creates a hazard.
_______4. It refers to a new idea, method, process, or device.
_______5. Work done for people or the non-physical, intangible parts of our economy.
_______6. A good, service or idea offered to the market for exchange.
_______7. It is someone who works in sales or run the department who needs to know
how businesses run.
_______8. The customers you would most likely to attract are referred to as your ____
_______9. People who have already purchased the product
_______10. People who have not yet purchased the product but are considering it.
_______11. Are your target market’s stated or silent concerns.
_______12. Something people always like to have and purchase regularly.
_______13. Are the items consumers buy often and easily without putting much thought
into them like newspaper, grocery item and petroleum.
_______14. Channel members can help suggest new product possibility.
_______15. Possibilities that arise from existing conditions are called _________.

III. Enumeration

1-4 Core competences in Entrepreneurship.

5-10 Six steps in defining your target market.
11-15 Career opportunities for entrepreneurship product.

IV. Essay (5 points each)

1. What do you think is the most important thing an entrepreneur should

do before a business to ensure its success?

2. Explain the quote “You have to see failure as the beginning and the
middle, but never entertain it as an-end” Jessica Herrin – CEO of
Stella & Dot.

-End-