ENTREPRENEURSHIP

SUMMATIVE TEST # 3
QUARTER 2/ MODULE 10 -11

NAME: _________________________________ Grade & Section: _______________ Score: _______

MULTIPLE CHOICE:
Directions: Read and understand carefully each sentence in every item. Choose the letter
of the correct answer. Write your answer before the number
_______ 1. Which of the following is the process of searching out qualified candidates to fill
job openings?
A. Hiring B. Interviewing C. Recruiting D. Selecting
_______ 2. What is the first stage in recruiting a qualified applicant?
A. Create a Job Description B. Identify a Job Vacancy
C. Run Social Checks D. Screening and Shortlisting
_______ 3. Which of the following is NOT included as an external source?
A. Campus Placements B. Employee Referrals
C. Job Sites D. Placement Centers
_______ 4. Which of the following is a summary of the objectives of the job, the type of
work to be done, the responsibilities and duties, and the required qualifications
of the job to other functions.
A. Analysis B. Description C. Design D. Specification
_______ 5. . Which of the following best describes a business model?
A. A plan for growth.
B. An experimental of the business.
C. A series of theories that the business suggests to perform.
D. A framework on how a company produce, delivers, and extracts value.
_______ 6. Which of the following reason why customers purchase your product?
A. Provide excellent service B. Benefits gained over the other
C. Unique value of the product D. All of the above
_______ 7. Which of the following is NOT included as a component of a business model?
A. Customer-Segment B. Executive Summary
C. Key Activities D. Key resources
_______ 8. Which component of the business model describe the network of suppliers and
partners who complement each other to ensure that your business model will
work?
A. Customer segments B. Key Resources
C. Key Partners D. Value proposition
_______ 9. Which of the following is NOT a part and parcel of your onboarding process.
A. Sending out a resume email. B. Preparation in a workstation.
C. Set them up with a company email. D. Sort out tools needed for the training.
_______10. Which of the following is NOT a component of a job description?
A. Job compensation B. Job Duties and Responsibilities
C. Job Purpose D. Job Title
_______11. Which business concept could not be identified using the business model?
A. Solving problems for whom? B. How to create customer value?
C. How to deliver product or service to customers? D. How much is the product
value in the market?
_______12. Which of the following question is interrelated to the value proposition in a
business model?
A. How much is the product value in the market?
B. What problem are you trying to help our customers to solve?
 C. Is there anyone in the business doing the same job at a lower cost?
D. How much is a customer willing to pay for the service or product we offer?
_______13. Mass market, niche market, segmented, diversified and multi-sided markets
are all examples of what components of a business model?
A. Customer segments B. Key Resources C. Key Partners D. Value
proposition
_______14. Celine received a letter from an enterprise indicating the expected work hours,
the desired start date, and additional details that a prospective employee needs
to know. Which of the following stage of recruitment process applied in the
given situation?
A. Hiring and Offer of Employment B. Selecting and Interviewing
C. Sourcing and Attracting Candidate D. Take them Onboard
_______15. HR committee evaluates the applicant’s qualifications and to subject them to
intense scrutiny to determine who are the most qualified for the position.
Which of the following stage of recruitment process applied in the given
statement?
A. Run Social Checks B. Selecting and Interviewing
C. Screening and Short Listing D. Sourcing and Attracting Candidate
_______16. The online marketplace website falls under which of the following components
in the business model?
A. Customer segments B. Distribution Channel
C. Key Activities D. Value proposition
_______17. When to have an effective customer segmentation?
A. First identify their customer and determine both their current and future needs.
B. First need to plot a new profit plan and develop new resources and procedure.
C. The manufacturer should acquire first the most passage to send products.
D. Select your partners properly that provide ability to serve customers.
_______18. Based from the business model canvas presented in our model, a company
should know first its customers, both through their current and future needs for
they are essential part of an organization’s business.
A. Customer – segments B. Customer-relationship
C. Key Activities D. Revenue Streams
For Items 19- 21
DIRECTIONS: Complete the paragraphs by writing appropriate words on the blank.
(Choices are: BUSINESS,HIRE, CONTRIBUTIONS, QUALIFIED, SKILLS)

Coca-cola believes that recruiting ( 19 ) ____________________ individuals to fill

positions can contribute to the overall success of the company. Each
employee/member of the business is hired to make significant (20 )
____________________ to Coca-cola Company. Hiring the right employees for your (21 )
__________________ is important no matter what kind of work there are. Having quality
employees will help your company grow.
For Items 22-25
Match the given questions in Column A to answer the concept of the different Components of
Business Model
Column A Components of Business Model
_______22. Who are your customers?
A. KEY RESOURCES
_______23. How will your product and service B. KEY PARTNERS
reach your customers? C. DISTRIBUTION CHANNELS
_______24. What do you need to manage your D. KEY ACTIVITIES
business? E. CUSTOMER-SEGMENTS
_______ 25. Who are your suppliers/key partners?