Republic of the Philippines

Department of Education
REGION I
SCHOOLS DIVISION OF CANDON CITY
Candon City, Ilocos Sur

1st Quarter Summative Assessment

Written Work 1
ENTREPRENEURSHIP
SY 2021-2022
WEEK COMPETENCIES REMEMBE UNDERS APPLYING ANALYZING EVALUATING CREATING No. of
RING TANDING
points
1 to 2 Discuss the relevance of the course; 1 2,6,7,8 3, 4, 5, 9,10 10
Explore job opportunities for
Entrepreneurship as a career
Total 1 4 3 2 10 pts

Prepared by: Checked by: Approved by:

ANITA FAJELAGMAGO, TIII PEPITO P. MANZANO, JR., EdD ANNALYN G. GALANTO

Asst. School Principal (SHS-Acad) School Principal IV
DONABEL ALCANCIADO, TII

SADIRI MAT DEL ROSARIO, TII

Subject Teachers
 Republic of the Philippines
Department of Education
REGION I
SCHOOLS DIVISION OF CANDON CITY
Candon City, Ilocos Sur

1st Quarter Summative Assessment

Written Work 1
ENTREPRENEURSHIP
SY 2021-2022SY 2021-2022
Name: __________________________________ Score: __________________________
Grade/Section ___________________________ Parent’s Signature: _______________
Date signed :_______________
Multiple Choice. Choose the letter of the correct answer and write at the blank before the
number.
___1.The process of creating an enterprise is called?
a. Entrepreneurship c. Entrepreneur
b. Entreprenerd d. Enterprising

___2. Which ONE statement CORRECTLY describes the relevance of Entrepreneurship to an

organization?
a. Entrepreneurship improves only the life of the entrepreneur
b. Entrepreneurship helps poor people to have their own financial success stories.
c. Entrepreneurship aims to create a single, centralized business entity in the country.
d. Entrepreneurship requires a formal managerial education background of the business’
founder in order to succeed.

___3. Pedro is a fisherman who found a way of upcycling water bottle containers by making
rafts and fancy boats out of these disposed garbages. What one core competency of
Entrepreneurship best describe this?
a. Economic and Dynamic Activity c. Profit Potential
b. Innovative d. Risk bearing

___4. Steve Jobs was fired from Apple, which was the best thing ever happened to him,
because it allowed him to think more creatively and experience the joys of starting a
company. Which personality factor describes this?
a. Initiative c. Persuasion
b. Perseverance d. Problem solver

___5. Seeing the need for infrastructure and educational programs, Vicky Garchitorena
brought companies and government officials together to equip 2500 high schools in the
Philippines with computers and internet access. Which type of entrepreneur best
describes her?
a. Drone Entrepreneurs c. Imitating Entrepreneurs
b. Fabian Entrepreneurs d. Social Entrepreneurs

___6. In the Beverage industry, Pepsi and Coke are one of the leading brands. Which of the
forces of competition describes this?
a. Supplier c. Potential New Entrants
b. Substitute products d. Rivalry among existing firms
___7. Inflation can occur when prices rise due to increases in production costs, such as raw
materials and wages. Which of the Societal environmental forces does this phenomenon
belong?
a. Economic forces c. Socio-cultural forces
b. Political forces d. Technological forces

___8. What suppress Entrepreneurship?

a. Innovation c. Opportunity seeking
b. Political and Economic destabilization d. Positive economic recovery

___9. Among the following statements on the positive contributions of Entrepreneurs, which
is/are untruthful statement(s) regarding them?
(i) Entrepreneurs are economic problem solvers.
(ii) Entrepreneurship creates economic destabilization.
(iii) Entrepreneurship exist to enhance marketing and management
(iv) Entrepreneurs are risk takers.
a. i & ii b. iii & iv c. i only d. ii only

___10. Mr. John Cruz, a shoemaker, started his own business with a few shoe designs. At first,
he was doing everything by himself but because of the fast growth of his business, he
thought he needed the assistance of other people. He then recruited and trained people in
shoe-designing. He also encouraged them to venture out into new designs and open branch
outlets nationwide.
Out of the given scenario, how would you describe Mr. John Cruz?
a. An entrepreneur who thinks about his own interests
b. An entrepreneur who indulges in the designs of counterfeit products
c. An entrepreneur who is always profit-conscious
d. An entrepreneur who is an initiator of change