Department of Education

Division of Camarines Sur

Ragay District
RAGAY SCIENCE AND MATH ORIENTED HIGH SCHOOL

4th Quarterly Examination

ENTREPRENEURSHIP
Name:_______________________________ Grade/Level:______Section:_____ SCORE
Part I.
Instruction: Fill in the blanks.

_____________1. This is what the organization seeks to do and to become.

_____________2. This refers to a current or future condition in the environment that is favorable to a business’ output.
_____________3. This is the belief present within the company for ethical purposes.
_____________4. This is a course of action aimed at ensuring that the organization will achieve its objectives.
_____________5. The process of determining the major objectives of an organization and defining the strategies.
_____________6. They refer to negative external forces that inhibit the firm’s ability to achieve its objective.
_____________7. They refer to negative internal condition that can lead to a lowering o organizational performance.
_____________8. Refers to the distinctive competence, resource or skill that provides the organizations advantage.
_____________9. Statements of the results a business seeks to achieve over a specified period of time.
____________10. This is the particular market segment the company wishes to serve.
____________11. This is the blending of the 4P’s of marketing.
____________12. This is the charge of products offered.
____________13. Refers to communicating information between the company and the potential buyers.
____________14. Refers to making the products available in the right locations.
____________15. This is a promotional activity that consists of any form of paid, non-personal presentation of goods.

Part II.
Encircle the correct letter for each item.

16. Which of the following involves direct communication between sellers and potential customers?
a. Sales promotion b. Advertising c. Personal selling d. Promotion
17. Which of the following is not a type of market research?
a. Mail surveys b. Personal interviews c. Experimental selling d. Government records
18. Which of these market research techniques consumes more time than the others?
a. Mail surveys b. Personal interviews c. Experimental selling d. Government records
19. What is a service activity within the business operation that assures that all data and facts are gathered?
a. Research b. Interview c. Accounting d. Selling
20. In accounting terms, what do you call a financial obligation owed to persons other than the owner?
a. Debts b. liabilities c. Accounts receivable d. Assets
21. What refers to value received?
a. Journal b. Debit c. Credit d. Gift
22. What is a recording function of accounting performed in a double-entry way?
a. journal b. ledger c. bookkeeping d. balancing
23. What are the property or rights on property owned or possessed?
a. Capital b. Assets c. Liabilities d. Cash

24. Which record contains the original entry of every transaction made?
 a. Ledger b. Balance sheet c. Journal d. Trial balance
25. What is a process by which an entrepreneur have to monitor items in terms of price, quantities, and balance?
a. Trial balance b. Inventory management c. Balance sheet d. Quality control
26. What is record that contains the debit entry in the left side and credit in the right side?
a. Ledger b. Balance sheet c. Journal d. Trial balance
27. What refers to value parted with?
a. Journal b. Debit c. Credit d. Gift
28. What is the share of the owner or owners in the property or rights to property of the business?
a. Capital b. Assets c. Liabilities d. Cash
29. What is defined as the attempt to persuade others to participate in an exchange with them?
a. Product b. Promotion c. Place d. Price
30. What is a type of publicity that deals with events of national, regional, or local interests?
a. Business feature b. Finance releases c. News publicity d. Emergency publicity

Part III.
Write the correct letter in Column A that corresponds with the terms in Column B.

A B

_______31. Any activity that creates value. A. Human resource planning

_______32. Changes raw materials into other forms B. Recruitment
_______33. Raw materials are broken down into components C. Application blanks
_______34. Analyzing human resource needs D. Production
_______35. Attracting qualified applicants for the job E. Compensation
_______36. Attempts to improve employee performance F. Selection
_______37. Provides information about the applicant G. Tests
_______38. Objective means of determining an applicant’s fitness to perform a task H. Synthetic system
_______39. Picking the best one for the position I. Orientation
_______40. Monetary and non-monetary remuneration given to employees J. Performance appraisal
K. Analytic system
L. Training & Development

Part IV.
List down the terms asked.

41-43 Give at least three types of evaluation methods

44-45 What are the classification of risk
46-48 What are the methods in dealing with risks. Give at least three.
49-50 Give at least two advantages of starting a new business.
51-52 Give at least two disadvantages of buying an existing business
53-56 Give at least four adjusting factors for various assets
57-58 Give at least two reasons why local firms prefer foreign goods over local goods
59-60 Give at least two institutions that provides financial services for small and medium enterprise
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Prepared by:
ROMMEL R. VELASCO
Subject Teacher