Entrepreneurship 12

Republic of the Philippines
Department of Education
REGION XIII - CARAGA
SCHOOLS DIVISION OF SURIGAO DEL SUR
BAROBO NATIONAL HIGH SCHOOL
Review
1. Who acts as a coordinating agent in a a. The number of business

capitalist economy? establishments formed every year
a. Manager would generally show an increasing
b. Finance Officer trend.
c. Entrepreneur b. N-entrepreneurs are people who
d. Broker can secure resources such as
2. Which of the following is not a technology and information to gain
definition of Entrepreneurship? distinct, sustainable, competitive
a. It creates opportunities, ensures advantages.
social justice, instills confidence c. In 2005, the top 50 Philippine
and stimulates the economy. corporations in terms of sales could
b. It is an important part of the be broken down into 25 private
economic growth strategies of domestic firms, 20 foreign firms,
many local and national and 5 government-owned and/or
governments around the world. controlled corporations.
c. Refers to a person who sets up a d. The 22 companies could be
business with the aim to make a identified with 11 families and
profit. individuals, mostly Filipinos of
d. The act of creating a business or Chinese ethnic background.
businesses while building and 5. From the given words which is not
scaling it to generate a profit. associated with entrepreneur?
3. Which statement best describe the a. Innovative
relevance of Entrepreneurship to SHS b. Impulsive
Students? c. Collaborative
a. It generates new wealth in an d. Creative
economy.
b. It aids students from all
socioeconomic backgrounds to
think outside the box.
c. It creates opportunities and
ensures social justice.
6. It includes improving existing methods
d. It creates job.
or practices, or starting from scratch or
4. Which is not correct about the status of
involves developing new products or
entrepreneurship in the Philippines?
improving existing technologies,
processes, designs and marketing to
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solve problems, increase efficiency, b. Socioeconomic

reach new customers, and ultimately c. Livelihood
increase profits. d. Relevance
a. Business Innovation 11. It is the system of production,
b. Business Opportunity distribution and consumption and the
c. Business Venture overall measure of a currency system;
d. Livelihood as the national economy.
7. It is define as a set of activities a. Economy
essential to everyday life that are b. Livelihood
conducted over one’s life span and c. Relevance
also refers to their "means of securing d. Business Venture
the basic necessities (food, water, 12. Ronald is graduating SHS. After his
shelter and clothing) of life". graduation, he is planning to put up a
a. Economy computer shop. What core
b. Livelihood competency he needs to develop?
c. Socioeconomic a. Arts and design
d. Social Change b. Systems and application
8. It is a new business that is formed with c. repairs and maintenance
a plan and expectation that financial d. machine and equipment
gain will follow. After the need is 13. Leticia is an employee of a fast-food
determined, an investor or small- chain. What common competency she
business person with the time and needs to develop?
resources to develop a new market the a. Time management
new service or product can start a b. Managing Conflict
_____. Business Innovation c. Leadership
a. Business Opportunity d. Critical thinking
b. Business Venture
c. Livelihood
9. Mang Tomas is the owner of the
Tomas Welding Shop. What common
competency he needs to develop?
a. Change management
b. Human Relations
c. Time management 14. If Promotions and Advertising are core
d. AB&C competency in
10. It is simply the noun form of the Entrepreneurship;_______ is a
adjective "relevant," which means common competency in
"important to the matter at hand." Entrepreneurship.
a. Social Change a. managing sales
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b. listening to the sentiments of c. Shortage of trained employees

workers d. Failure to apply for a loan or a
c. coordinating with partners grant
d. Conducting research 19. Emma and Ivy are considering
15. If good human relations is to beginning a jewelry-making business.
Interpersonal Competency; Visioning They have been collecting, reviewing,
is to ________. and interpreting the surveys they
a. Personal competency distributed last week about their
b. Core Competency business idea. Emma and Ivy are in
c. Common Competency what stage of the entrepreneurial
d. Business Competency process?
16. A personal characteristics of a a. Discovery
successful entrepreneurs that reflects b. Concept Development
the successful entrepreneurs want to c. Actualization
make their own decisions, set their d. Harvesting
own schedules, and can work without 20. What personal characteristics of
supervision. successful entrepreneurs reflects that
a. Goal-oriented successful entrepreneurs develop a
b. Independent plan of action and make decisions to
c. Risk-Takers help achieve that plan?
d. Self-Confident a. Independent
17. Which personal characteristics of b. Goal-Oriented
successful entrepreneurs reflects that c. Self-Confident
successful entrepreneurs are d. Risk-Takers
accountable for their action? 21. Which word best describe the personal
a. Inquisitive characteristics of successful
b. Creative entrepreneurs reflects that successful
c. Responsible entrepreneurs work until the job is
d. Persistent done?
a. Self-Confident
b. Creative
c. Persistent
d. Inquisitive
18. What could cause a new business to 22. What PECs must she possess if there
run short of cash during its first year? are customers who complain about the
a. Failure to pay taxes for the new quality of her product?
business a. Patience
b. Failure to secure proper permits b. Hardwork
and licenses c. Versatility
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d. All of the above 28. The purpose ______________ is to

23. Which of the following is NOT get the reader’s attention by
considered as a characteristics of an summarizing the key elements of the
entrepreneur? business plan. It must be short, to the
a. Cope with failure point and very well written.
b. Dependent a. Goals and Objectives
c. Persistent b. executive summary
d. Opportunity seeker c. Business Concept
24. If she wants to ensure a profitable d. Management Ownership
business operation, what 29. This is an important part of any
characteristics will she maintain? business plan and it should be based
a. Committed on both field and desk research
b. Goal-Oriented executive summary
c. Futuristic a. Market Research
d. Opportunity Seeker b. Marketing Plan
25. An Entrepreneur needs to have these c. Entrepreneurship
attitude except : d. Goals and Objectives
a. Great idea 30. When you are going to state your
b. Close minded sales, production and profit goals. Be
c. entrepreneurial spirit specific in amount and time line.
d. brilliant idea a. executive summary
26. It leads entrepreneurs through the b. Goals and Objectives
business planning process and c. Business plan
describing everything from Vision and d. Development plan
Mission to Operational Strategies, 31. All are core competencies in
which provides an easy to read Entrepreneurship, except:
description of a new business concept. a. basic bookkeeping/ accounting
a. Mission skills
b. Start-up guide b. communication skills
c. Vision c. building relations with customer
d. Goals d. building competitive advantage
27. The following are examples of 32. Which of the following is not a
peoples’ basic needs, except: business competency? This
a. Recreation competency covers the outcomes
b. Clothing required to build, _____ and grow a
c. Shelter micro/small-scale enterprise – like
d. Food developing and maintaining small-
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scale business, establish customer c. Select his favourite would be

base, and manage business finances. customers.
a. Establish customer service d. Determine whom to sell his product
b. Manage finances or service.
c. Preparing business letters 37. Which of the following should be
d. Monitoring operations considered first by a perspective
33. Which is not a goal of entrepreneurial entrepreneur in choosing the right
competency? location for his/her store?
a. Expanding the enterprise a. Types of merchandise
b. Expanding markets and clientele b. The access of the largest
c. Developing individuals and teams customers
d. Enhancing one’s business skill c. The attractiveness of the store
34. All are important aspects of layout
Entrepreneurship as a course, except: d. The prevailing prices of goods in
a. Discussion on economic issues the area
and concerns. 38. Thong plans to put a “digi-print” studio
b. Explanation of key concepts of studio in their locality. Which of the
competencies in Entrepreneurship. following will help him determine a
c. Discussion on the relevance of the successful plan for setting up of his
course. business?
d. Exploration of career opportunities. a. Survey of consumer associations
35. Which of the following does not cover b. Checking for similar business to
a high-performing enterprise? avoid competition
a. Build and develop the enterprise to c. Getting feedback on the quality of
be more competitive within a service
changing business environment. d. Conducting a SWOT analysis
b. Creating gaps among employees. 39. When an entrepreneur improves and
c. Responding to consumers’ alters products to make it more
demand. appealing to target consumers, he/she
d. Maintaining product quality and is doing a ___ of the product.
accessibility. a. Alteration
b. Invention
c. Innovation
36. Caesar studies the population in his d. Improvisation
immediate community. He is doing this 40. Which is referred to as a marketing
to___. offering?
a. Identify his would-be “suki” a. Product/Service
b. Predict who his biggest buyer b. Sales
c. Company
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d. Goals b. Shortage of trained employees

41. From the given sample product, which c. lack of good advertising campaign
is not tangible? d. Failure to pay taxes for the new
a. Car business
b. Alcohol 46. What could cause a new business to
c. event organizer have a few sales during its first year?
d. Face mask a. Lack of advertising campaign
42. Which is referred to as the production b. Failure to apply for a loan or a
of an essentially intangible benefit? grant
a. Items c. Lack of a trademark for the
b. Company company logo
c. Service d. Failure to pay taxes for the new
d. Market business
43. Which of the following is a customer 47. What could cause a new business to
need that an Entrepreneur should run short of cash during its first year?
consider? a. Failure to pay taxes for the new
a. Usability business
b. Income b. Failure to secure proper permits
c. Occupation and licenses
d. Savings c. Shortage of trained employees
d. Failure to apply for a loan or a
44. Which do you think is not an after grant
sales service? 48. The purpose ______________ is to
a. Online support get the reader’s attention by
b. warranty & Guarantee summarizing the key elements of the
c. Returns & Replacement business plan. It must be short, to the
d. Employee training point and very well written.
a. Goals and Objectives
b. executive summary
c. Business Concept
d. Management Ownership
45. What could cause a new business to

not be able to keep up with the
demand for its new service? 49. This is an important part of any
a. Failure to apply for a loan or a business plan and it should be based
grant
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on both field and desk research

executive summary
a. Market Research
b. Marketing Plan
c. Entrepreneurship
d. Goals and Objectives
50. When an entrepreneur improves and
alters products to make it more
appealing to target consumers, he/she
is doing a ___ of the product.
a. Alteration
b. Invention
c. Innovation
d. Improvisation

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Entrepreneurship 12

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Republic of the Philippines

1. Who acts as a coordinating agent in a a. The number of business

solve problems, increase efficiency, b. Socioeconomic

b. listening to the sentiments of c. Shortage of trained employees

d. All of the above 28. The purpose ______________ is to

scale business, establish customer c. Select his favourite would be

d. Goals b. Shortage of trained employees

45. What could cause a new business to

on both field and desk research

Purok 1B Townsite, Poblacion, Barobo, Surigao del Sur, 8309

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