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PRE- TEST
“If You Believe in Yourself, Anything is Possible”
Date: __________
Name:________________________________________________________Section:________Score:_______
Direction: READ the questions CAREFULLY. ENCIRCLE the CORRECT answer.

1. People who work for someone else: 12. If you own your own business you will need to know
A. Aptitude how to calculate your profit. Which one is a calculation
B. Employee of profit?
C. Entrepreneurs A. Sales-months in a year
D. Entrepreneurship B. Sales-expenses
2. Evaluation of your strengths and weaknesses: C. Total sales-expenses
A. Self Assessment D. Monthly sales* expenses
B. Employee 13. Which one is NOT a step in the problem-solving
C. Entrepreneurship method?
D. Entrepreneur A. Define the problem
3. People who own, operate, and take risk of a business B. Gather information
venture: C. Identify solutions
A. Aptitude D. Ignore the problem
B. Employee 14.What is a fixed cost?
C. Entrepreneurs A. Cost that go up and down
D. Entrepreneurship B. Cost that remain the same
4. The ability to learn a particular kind of job: C. Measure the disadvantages of production
A. Aptitude D. Measure advantages of production
B. Employee 15. A business form which is owned by only one person
C. Entrepreneurship
is called:
D. Entrepreneur
A. Cooperative
5. Which one is NOT a disadvantage of
Entrepreneurship? B. Corporation
A. Risky C. Partnership
B. Uncertain Income D. Sole proprietorship
C. You are the boss 16. The probable problems that a business and
D. Work long hours  entrepreneur faces are:
6. Which one is NOT an advantage of A. Strengths
Entrepreneurship? B. opportunities
A. Can choose a business of interest C. weakness
B. You can be creative D. Threats
C. Make a lot of money 17. What is the variable cost?
D. You will make decisions alone  Discuss
7. What type of entrepreneurial business actually A. Cost that go up and down
produce the products they sell? B. Cost that remain the same
A. Manufacturing C. Measures the disadvantages of production
B. Wholesaling D. Measures advantages of production
C. Retailing 18. Which is considered as a comprehensive and
D. Service  effective blueprint to guide an entrepreneur in a
8. What type of entrepreneurial business sells products business venture?
to people other than the final customer? A. Resume
A. Manufacturing B.Portfolio
B. Wholesaling C. Business plan
C. Retailing D. Insurance plan
D. Service  19. If her business idea is a boutique, what qualities of a
9. What type of entrepreneurial business sells products future entrepreneur is INAPPROPRIATE?
directly to the people who use or consume them? A. Relaxed
A. Manufacturing B. Hardworker
B. Wholesaling C. Risk-taker
C. Retailing D. Innovative
D. Service  20. which of the following is NOT a characteristics of an
10. What type of entrepreneurial business sells service entrepreneur?
instead of a product? A. Opportunity Seeker
A. Manufaturing B. Goal Setter
B. Wholesaling C. Futuristic
C. Retailing D. Impassive
D. Service
21. In the entrepreneurial world, new ideas and
11. What is an office memorandum? opportunities are evolving. What is the ability to create
A. Message from one person to another new things, invest in new enterprises and expand
B. Short written form of business communication business?
C. Short speech a. Creativity
D. Letter b. Entrepreneurship
c. Manufacturing
d. Producing
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PRE- TEST
22. Alvin has transferred to a new locality. He observed 31. What is thinking ahead of objectives, strategies,
that there is an opportunity for him to put up his own financing, production, marketing, profit proposal and
business since he has enough capital and very much growth facilities?
interested to the idea. Which of these factors must he a. forecasting
possess so that he will not rely on the services of the b. managing
employees? c. planning
a. Markets d. projecting
b. Manpower 32. Business enterprises should operate in a dynamic
c. Supply of resources environment in order to survive. What kind of
d. Knowledge/Skills environment includes technological, social and
23. Management functions and principles play a very ethical/political factors?
critical role in running a business. What principle of a. Macro environment
planning specifies that the objectives of an entrepreneur b. Micro environment
should match the needs of the society? c. Technological environment
a. must be realistic d. Social environment
b. must be based on felt needs 33. Mr. Silva purchased a right to operate an already
c. must focus on dealing with a crisis established business, what type of retail ownership is it?
d. must start with a simple project a. Corporate
24.Entrepreneurs use various management tools to b. Franchise
succeed in a business. What management tool is used to c. Independent
analyze business opportunities? d. Single-store-ownership
a. Environmental scanning 34. Who among the following is the principal actor of
b. Market study the production?
c. Market survey a. Entrepreneur
d. SWOT b. Customer
25.When an entrepreneur communicates with people c. Production manager
through interviews, observations and advertisement on d. Worker
what is new, what entrepreneurial activity does he/she 35. These are the perishable tangible used in the
engage? production process.
a. Statistical study a. Financial resources
b. Marketing study b. Human resources
c. Entrepreneurial scanning c. Information resources
d. Environmental scanning d. Material resources
26. There are P's in preparing market research. Which 36. Which method of establishing a business starts from
P in marketing is designed to communicate the product scratch?
to customers? a. buy-out
a. Place b. franchising
b. Price c. loan
c. People d. start-up
d. Promotion 37. What brief description of the market describes the
27. The site of the business enterprise is one of the buyers and users of the product and the area of
requirements of entrepreneurship. Which of the dispersion?
following is the most important in choosing the best a. market analysis
location for the business? b. market dispersion
a. access to supplies and raw materials c. marketing
b. clean, decent and peaceful environment d. market study
c. less competitors in the area 38. It is a type of organization wherein a superior
d. enough capital to pay space rental delegates authority to a subordinate.
28.Which term refers to people, institutions or a. committee type
organizations for whom the business is designed? b. functional type
a. sample c. line type
b. population d. line and staff type
c. market 39. Which is one disadvantage of a functional type of
d. society organization?
29.Which one is not included in planning a business? a. Morale is likely to be low when discipline is weak.
a. how and when to do it b. Each manager is supreme in his own field.
b. how to increase profits c. It is difficult to secure executives and superiors with an
c. what to expect in the future all around knowledge.
d. what to do d. There is greater flexibility.
30. What is the benefit of business planning wherein the 40. What type of product, as designed, produced and
entrepreneur determines whether the business is marketed by the seller?
profitable or not? a. Licensed brand
a. minimize cost production b. National brand
b. detect the weakness of the business c. Private label brand
c. eliminate business risk d. Trademark
d. estimate sales
“There is no failure except in no longer trying” ―Elbert Hubbard
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PRE- TEST