LIBERTAD NATIONAL VOCATIONAL SCHOOL

Libertad, Antique
FIRST QUARTER – SUMMATIVE TEST IN ENTREPRENEURSHIP 9

Name: __________________________________________ Score: ___________

Section: ________________________

Direction: Read and understand the items being described below. Choose the letter of
the correct answer and write on the space provided.

1. Which of the following is the index of entrepreneurship?

a. Developing a small elite class
b. Transforming ideas into economic opportunities
c. Searching, identifying and developing raw materials
d. Innovating and developing new products and services
2. Which of the following is NOT closely associated with entrepreneurship?
a. flexibility factors
b. change and creativity
c. knowledge and innovation
d. leadership
3. What happens when entrepreneurial activities slow down?
a. Income is evenly distributed
b. Tax revenues are increased
c. Quality of life is improved
d. Country’s unemployment rate goes up
4. Which of the following is NOT true about entrepreneurship?
a. Entrepreneurship contribute significantly to the continuous improvement of
living standards
b. Entrepreneurship helps the development of a handful of people getting rich
through enterprise
c. Entrepreneurship activities slow down the country’s unemployment rates
d. Entrepreneurship provides an opportunity for making unproductive use of
capital resources
5. An entrepreneur is aware of ________________?
a. his family’s activities
b. his business competitors
c. the way he carries himself in public
d. the demand for products or services in his community
6. Self-discipline is important in putting up a business. Which statements below
contribute to the success of an entrepreneur?
a. Develop the ability to get things done, even when you don’t feel like it
b. Dedicate yourself in improving your leadership, skills and abilities
c. Being able to appeal to other people’s emotions in selling your ideas,
products or services
d. Identify a profitable market and then build your business
7. To communicate effectively is one quality of a good entrepreneur. Which of the
options below is the most important?
a. Sales ability
 b. Self-discipline
c. Strong work ethics
d. Strong leadership qualities
8. In business, it is the survival of the fittest that counts. Which of the statements
below best describes competitiveness?
a. Identify a profitable market and build your business
b. Make an effort to genuinely like, respect and appreciate other people
c. Learn self-discipline with the right information and conscious efforts
d. Play to win, but never to sacrifice your integrity for the sake of a few pesos.
9. Which PECs behavioral indicator meets or beats existing standards of
excellence to improve performance?
a. Opportunity seeking
b. Persuasion and networking
c. Demand for quality and efficiency
d. Commitment to the work contract
10. Which of the following statements is not a good PECs indicator?
a. Developing and using alternatives to monitor progress
b. Ready to adopt to alternatives or strategies when necessary
c. Developing systematic plans and monitoring activities and performance
d. Accomplish business objectives and use of network of friends and
acquaintances
11. Which of the following is the index of entrepreneurship?
a. Developing a small elite class
b. transforming ideas into economic opportunities
c. searching, identifying and developing raw materials
d. innovating and developing new products and services
12. Which of the following is NOT closely associated with entrepreneurship?
a. flexibility factors
b. change and creativity
c. knowledge and innovation
d. none of these
13. What happens when entrepreneurial activities slow down?
a. Income is evenly distributed
b. Tax revenues are increased
c. Quality of life is improved
d. Country’s unemployment rate goes up
14. Which of the following is NOT true about entrepreneurship?
a. Entrepreneurship contributes significantly to the continuous improvement of
living standards
b. Entrepreneurship helps the development of a handful of people getting rich
through enterprise
c. Entrepreneurship activities slow down the country’s unemployment rates
d. Entrepreneurship provides an opportunity for making unproductive use of
capital resources
15. An entrepreneur is aware of _______________.
a. his family’s activities
b. his business competitors
 c. the way he carries himself in public
d. the present demand for certain products or services in his community
16. Self-discipline is important in putting up a business. Which statements below
contributes to the success of an entrepreneur?
a. Develop the ability to get things done, even when you don’t feel like it
b. Dedicate yourself in improving your leadership, skills and abilities
c. Being able to appeal to other people’s emotions in selling your ideas,
products or services
d. Identify a profitable market and then build your business
17. To communicate effectively is one quality of a good entrepreneur. Which of the
options below is the most important quality?
a. Sales ability
b. Self-discipline
c. Strong work ethics
d. Strong leadership qualities
18. In business, it is the survival of the fittest that counts. Which of the statements
below best describes competitiveness?
a. Identify a profitable market and build your business
b. Make an effort to genuinely like, respect and appreciate other people
c. Learn self-discipline with the right information and conscious efforts
d. Play to win, but never to sacrifice your integrity for the sake of a few pesos.
19. Which PECs behavioral indicator meets or beats existing standards of excellence
to improve performance?
a. Opportunity seeking
b. Persuasion and networking
c. Demand for quality and efficiency
d. Commitment to the work contract
20. Which of the statements below is NOT a good indicator of the PECs?
a. Developing and using alternatives to monitor progress
b. Ready to adopt to alternatives or strategies when necessary
c. Developing systematic plans and monitoring activities and performance
d. Accomplish business objectives and use of network of friends and
acquaintances