ELEMENTARY DEPATMENT

S.Y. 2022 – 2023

UNIT TEST| TLE-4
Name: __________________________ Date: _____________
Grade and Section: ___________________
40
I. True of False
Direction: Read the statement carefuly, write the TRUE if the statement is correct, and write the
FALSE if the statement is wrong. Write your answer on the space provided.

_____TRUE_____ 1. The word “entrepreneur” is derived from the French verb enterprendre which
means “to undertake”.

_____TRUE_____ 2. An entrepreneur is able to take action on how to seek information.

_____FALSE_____ 3. Entrepreneur is a process of action of an entrepreneur who is person always

in search of something new and exploits such ideas into gainful opportunities
by accepting the risk and uncertainty with the enterprise.
_____FALSE_____ 4. Creation of old business creates wealth which is eventually distributed to all
members in various forms.
_____TRUE_____ 5. Profits is the key shareholders in entrepreneurship are the entrepreneurs and
ventures capitalist.
_____FALSE_____ 6. The term “Entrepreneurial style” refers to the key characteristics that should
be possessed by successful entrepreneurs in order to perform an
entrepreneurial functions effectively.
_____TRUE_____ 7. Service business this provides intangible goods or services to customers.
_____FALSE_____ 8. Manufacturing business usually have merchandising inventories in their
current assets account.
_____FALSE_____ 9. Merchandising business convert raw materials, labor and overhead into
finished products that are available for sale to customer.
_____TRUE_____ 10. Proprietorship is a business that is owned by a single individual who has full
control and authority in running this kind of business.

II. MATCHING TYPE

Direction: Match the list of successful entrepreneurs in COLUMN A, and the name of the business
that they owned in COLUMN B. Write the answer on the space provided.

COLUMN A COLUMN B
_____ 1. Tony Ton Caktiong a. Mang Inasal
_____2. Henry Sy b. Jolibee Food Corporation
_____3. Lucio Tan c. Philippines Airlines
_____4. Socorro C. Ramos d. Ayala Corporation
_____5. Jaimes Zobel de Ayala e. Zest-O Corporation
_____6. Alfredo Yao f. Mercury Drugstore
_____7. Mariano Que g. National Book store, Inc
_____8. Corazon D. Ong h. CDO Foodsphere, Inc.
_____9. Edgar “Injap” Jaruda Sia II i. ShoeMart
_____10. Nestor Villanueva Tan j. BDO

III. MULTIPLE CHOICE

Direction: Choose the letter of the correct answer and write your answer on the space
provided.

1. It is process of action of an entrepreneurs who is a person always in search of something new and
exploits such ideas into gainful opportunities?
a. entrepreneur b. businessman c. entrepreneurship d. ideas and efforts
2. What is the meaning of enterprendre?
a. to undertake b. to take c. to achieve d. to goal
3. The key shareholders in entrepreneurship are the entrepreneurs and venture capitalist.
a. Profits b. Tax base c. economic growth d. standard of living
4. An entrepreneur is a ______?
a. work for someone else’ c. must employ more than five employees
 b. must take college level course d. responsible for his/ her business success.
5. It refers to the key characteristics that should be possessed by successful enterpreneurs in order
to perform entrepreneurial function effectively?
a. Entrepreneurial Style c. Entrepreneurial Characteristics
b. Entrepreneurial Attitude d. Entrepreneurial Hobbies
6. Which of the following is a reward of being an enterpreneur?
a. making your own hours c. acting on your own decision
b. doing work you enjoy d. all of the above
7. It is of entrepreneurial characteristics that refers to the entrepreneurs to take action on how to seek
information to help achieve business objectives or clarify business problems.
a. Initiative b. Persistence c. Information Seeking d. Problem solving
8. Which of the following is NOT belong to the Entrepreneurial Characteristics?
a. Persistence b. Workaholic c. Self-confidence d. Efficiency Orientation
9. A successful entrepreneur always find ways to do things faster or with fewer resources or at a
lower cost?
a. Self-confidence c. Efficiency Orientation
b. Problem-solving d. Sees and acts on Opportunities

10. Which of the following is NOT type of business?

a. Service business c. Manufacturing business
` b. Merchandising business` d. Entertainment
11. This provides intangible goods or services to customer. It usually generates profits by charging
for labor or other services rendered customer, government or other companies.
a. Service business c. Manufacturing business
` b. Merchandising business` d. Other business
12. This purchase product from other businesses or manufacturers and sell them to customer.
a. Service business c. Manufacturing business
` b. Merchandising business d. Other business
13. Which of the following is NOT example of Merchandising business?
a. Grocery Stores c. Car Dealers
b. Department Store d. Car Manufacturing
14. This convert raw materials, labors and overhead into finished products that are available for sale
to customers.
a. Service business c. Manufacturing business
` b. Merchandising business d. Other business
15. Which of the following is NOT example of manufacturing business?
a. Wine and softdrinks produces c. Telecommunication companies
b. electronic part manufacturers d. Producers of drugs and other medical products

16. Agriculture and mining companies are one of the example of_____?
a. Service business c. Manufacturing business
` b. Merchandising business d. Other business
17. A successful entrepreneur has a strong belief in self and own abilities.
a. Initiative c. Self-confidence
b. Problem solving d. Commitment to work contract
16. Which of the following is NOT type of business according to ownership structures.
a. Proprietorship c. Corporation
b. Partnership d. Companies
18. It is a business that is owned by a single individual who has full control and authority in running
this kind of business.
a. Proprietorship c. Stock corporation
b. Partnership d. Corporation
19. It is a business that owned by two or more individual.
a. Proprietorship c. Stock corporation
b. Partnership d. Corporation
20. It is business that is owned by its shareholders
a. Proprietorship c. Stock corporation
b. Partnership d. Corporation