NORTHERN MINDANAO COLLEGES, INC.

Atega St., Barangay 11 Poblacion, Cabadbaran City

Tel. #: (085)818-5051
www.normi.edu.ph

ENTREPRENEURSHIP
Preliminary Examination

Name : ________________________ Score : _______________

Section : ________________________ Date : ________________

I. Write TRUE if the statement is correct. Otherwise write FALSE and state your
reason briefly.

__________ 1. The process of determining the profitability of the business is considered

a test of possibility.
__________ 2. After the preparation of the business plan, the entrepreneur prepares
the feasibility study of the business.
__________ 3. The business plan is entirely different from the feasibility study.
__________ 4. The feasibility study is more detailed than the business plan.
__________ 5. One of the major parts or sections of the business plan is the marketing
research.
__________ 6. The executive summary is usually shown as the last part of the business
plan.
__________ 7. One of the sections in the introduction of the business plan is the
address of the business.
__________ 8. The funding source and requirements are usually shown as a part of the
business description.
__________ 9. The name or names of the owner or owners of the proposed business
are considered very delicate information. Hence, they must not be included in the
business plan.
__________10. The business plan is a mixture of facts and assumptions.

II. Enumeration:

1-4 Wealth Improvement Approaches

5-8 Parties Supporting the Business
9-13 SPEET meaning or stands for
14-25 The 12 Rs of Opportunity Screening
26-28 Market Research Methodologies
29-31 Commonly used graphs in survey
32-35 Four Decisions to be made on Objectives making in FGD

III. Essay: (10 points each)

1. Discuss the importance of the business plan.
2. Discuss the Five Competing Forces and its functions
3. Why marketing research is important in business planning?

Prepared by: Approved by:

BRIAN REYES GANGCA ENGR. EVA M. OLOFERNES

Subject Teacher Principal