Republic of the Philippines

Department of Education
Region 02
SCHOOLS DIVISION OF QUIRINO
MADDELA INTEGRATED SCHOOL OF ARTS and TRADES

FIRST GRADING TEST IN ENTREPRENEURSHIP 10

SY 2022-2023

Name: ______________________________________Score: __________________

Grade 10 / Section: KUDARAT Date:______________________
DIRECTIONS: Select from the given choices the one that best/correctly answers the question or
completes the statement. WRITE THE LETTER that indicates your answer on the blank
provided before that item. Write E if you cannot find any answer from the given choices.

2. People who work for someone else

A. Aptitude B. Employee C. Entrepreneurs D. Entrepreneurship
3. What is opportunity cost?
A. Going with your first option
B. Going with the easiest option
C. Choosing the best alternative

7. This economy is about personal choice. Individuals decide what, how, and for whom
products and services are produced.
A. Market B. Command
8. What type of economy allows the goverment to determine what, how, and whom products
and services are produced?
A. Command B. Market
9. Which one is NOT a step in the problem solving method?
A. Define the problem C. Identify solutions
B. Gather information D. Ignore the problem
 10.
.

11.
.

12.
.

13. If you own your own business you will need to know how to calculate your profit. Which one
is a calculation of profit?
A. Sales-months in a year C. Total sales-expenses
B. Sales-expenses D. Monthly sales* expenses

14. What type of entrepreneurial business sells service instead of a product?

A. Manufaturing B. Wholesaling C. Retailing D. Service
15. What type of entrepreneurial business sells products directly to the people who use or
consume them?
A. Manufacturing B. Wholesaling C. Retailing D. Service
16. What type of entrepreneurial business sells products to people other than the final
customer?
A. Manufacturing B. Wholesaling C. Retailing D. Service
17. What type of entrepreneurial business actually produce the products they sell?
A. Manufacturing B. Wholesaling C. Retailing D. Service
18. Which one is NOT an advantage of Entrepreneurship?
A. Can choose a business of interest
B. You can be creative
C. Make a lot of money
D. You will make decisions alone

19. Which one is NOT a disadvantage of Entrepreneurship?

A. Risky B. Uncertain Income C. You are the boss D. Work long hours
20. The ability to learn a particular kind of job
A. Aptitude B. Employee C. Entrepreneurship D. Entrepreneur