Republic of the Philippines

Department of Education
PURO NATIONAL HIGH SCHOOL

Second Semester
Midterm Exams
Entrepreneurship

S.Y 2022-2023

I. Instructions: Read and understand each item carefully. Blacken the letter of
the correct answer on the answer sheet provided.(avoid erasures)

1. It has traditionally been defined as the process of designing , launching and

running a new business.
a. Business c. Entrepreneurship
b. Entrepreneur d. Production
2. Which of the following statement best describe the term passion in
entrepreneurship?
a. Know your costumers before you start a business
b. Being fanatics of your product
c. Having interest on what you do
d. None of the above
3. How will you be able to link your vision to the annual and quarterly priorities?
a. Define the why what and how of your business
b. Break down current mission into the annual and quarterly priorities
c. Schedule a steady rhythm of success
d. All of the above
4. The entrepreneurs who create new ideas are called _________________.
a. Innovative c. Fabian
b. Imitating d. Drone
5. The entrepreneur who lives on the labor of others called ______________.
a. Drone c. Imitating
b. Fabian d. Innovative
6. These are entrepreneurs who are to follow the path shown by innovative
entrepreneurs.
a. Innovative c. Social Entrepreneurs
b. Imitating d. Fabian
7. Which of the following does not belong to the group?
a. Skills Management c. Conduct Research
b. Risk Taker d. Make no change with his
product
8. Entrepreneur means______________________
a. Risk Taker c. To Research
b. To undertake d. To improve standard of
9. It is a personally factor which means convincing customers to buy the product.
 a. Proactive c. Persuasion
b. Perseverance d. Self Confidence
10.The entrepreneur who is skeptical about the changes in the company is called.
a. Fabian c. drone
b. Social entrepreneur d. Imitating
11.Which is not a career for an entrepreneur ?
a. Business Consultant c. Research and development
b. Sales d. Domestic Helper
12.Which of the statement below is true?
a. Entrepreneurs have limited career opportunities
b. Entrepreneurs are prone to constant higher income
c. Entrepreneurs are contributors to the development of the society
d. Entrepreneurs are the reason for the un employment problem
13.Which of the statement is NOT true?
a. An entrepreneur will patiently wait for his efforts to bear fruits
b. The profit of the entrepreneurs is immediate
c. All entrepreneurs are successful
d. Entrepreneurs are researcher
14.Which of the following is not true?
a. Entrepreneurships create organizations
b. Entrepreneurs improve the life
c. Entrepreneurs improve the economy
d. None of these
15. It is the process of considering evaluating and pursuing market based
activities that are advantageous for the firm.
a. Opportunity – seeking b. Opportunity screening
c. Opportunity seizing d. Sources of Opportunity
16.What is the French word for entrepreneur?
a. Prendre c. Entreprende
b. Entrée d. Entreprendree
17.What is the latin word for entrepreneurship?
a. Prendre c. Entreprende
b. Entrée d. Entreprendree
18.Which among the following statement best describe a fixed mindset?
a. Failure is an opportunity to grow c. I can learn to do anything I
want
b. Challenging helps me to grow d. My abilities are unchanging
19.Which among the following statement best describes a growth mindset?
a. Failure is an opportunity to grow c. I can learn to do anything I
want
b. Challenging helps me to grow d. My abilities are unchanging
20.Which of the following statement is correct?
a. An entrepreneur exerts time and effort
b. An entrepreneur is concern of his/her income
c. An entrepreneur is forward looking
 d. All of the above
21.Which of the following is the important trait of an entrepreneur?
a. Efficient c. Independent
b. Creative d. all of the above
22.These are essential to every individual so he/she may be able to live with
dignity and pride.
a. Needs c. services
b. Wants d. recreation
23.It is the desire luxury and extravagance that signifies wealth and an expensive
way of living
a. Needs c. services
b. Wants d. recreation
24.Which of the following is an example of our basic needs?
a. Laptop c. food
Cellphone d. none of the above
25.This is essential to opportunity seeking which allows the entrepreneurs to see
things in a positive and optimistic light in the midst of crisis of difficult
situations.
a. Entrepreneurial mind frame c. entrepreneurial heart frame
b. Entrepreneurial gut game d. entrepreneurial heart frame
26. It is the ability of entrepreneur that can sense with out using the five senses ,
also known as intuition.
a. Entrepreneurial mind frame c. entrepreneurial heart frame
b. Entrepreneurial gut game d. entrepreneurial heart frame
27.They are the ones who pay cash in exchange for you goods and services.
a. Buyers c. Sellers
b. Competitors d. Suppliers
28.The following are the forces competing within the industry except one.
a. Potential new entrants and Substitute products c. Rivalry among
existing firms
b. Buyers and suppliers d. Needs and wants
29.What is the function of value proposition?
a. Used to power up sales
b. Used to convince customers to purchase a particular product or services
c. Helps costumers buying habits
d. Promotes value to your costumers
30.Give an example in promotion using the value Proposition.
a. 7/11 Convenience Store open 24hrs.
b. Sa Jollibee “langhap sarap”
c. Sa mercury drug Nakakasiguro Gamot ay laging bago
d. Nescafes Creany Coffe Ever
31.Give an example in promotion using Unique selling Proposition.
a. Charing sari Sari Store open 24/7 c. Rexidol Forte Paspas Banat sa
Upat
b. Colgate whitening toothpaste d. Botika ng Masa
32.It is the process of gathering , analyzing, and interpreting information about
the product or the service to be offered for sale in the market , the market and
about past , present and potential customers for the products.
a. Data gathering c. Secondary Research
b. Primary Research d. Market Research
33.A data gathering technique where it can be done via direct mail , over the
phone , internet or email
a. Personal Interview c. Survey
b. Focus group discussion d. Data Gathering
34.A data gathering technique where it can be moderated to group interviews and
brainstorming sessions hat provide information on users needs and behavior.
a. Personal Interview c. Survey
b. Focus group discussion d. Data Gathering
35.It is one of the most reliable and credible ways of getting relevant information
from target customers
a. Primary research c. Interview
b. Secondary research d. Data gathering
36.It is the most common way to gather data with the use of questionnaires or
interview schedule.
a. Interview c. survey
b. Focus Group Discussion d. Data Gathering
37.It is the traditional method of data collection which is normally done in person
with the respondents .
a. Personal Interview c. Survey
b. Focus Group discussion d. Data Gathering
38.It is an excellent method for generating and screening ideas and concepts.
a. Personal Interview c. Survey
b. Focus Group Discussion d. Data Gathering
39.Select the best definition of product.
a. A product is an item that is built or produced to satisfy the needs of a
certain group of people , it can be tangible or intangible.
b. A product is an item that is built or produced primarily to gain profit , it
can be tangible or intangible.
c. A product is an item that is built or produced to complete in the world of
business , it can be tangible or intangible.
d. None of the Above
40.Choose the best statement that applies to consumers goods
a. A buyer of consumers goods must have complete knowledge of the goods
he/she buys and uses.
b. After sale service is of par amount importance in the case of all consumer
goods
c. The market for consumer goods is affected by technological changes.
d. A buyer of consumer goods may not have thorough knowledge of the goods
he/she buys and uses
41.What is the first P in the marketing mix?
a. Place c. Price
b. Product d. Promotion

42.What type of marketing mix which refers to the product or services a business
is offering?
a. Place c. Price
b. Product d. Promotion
43.Which among the following statement is not true about price?
a. Price includes discounts , terms , fees and so on.
b. When arranging pricing an entrepreneur should consider your business
current position among consumers
c. It is the act of marketing directly to consumers
d. None of the above
44.What is the third P in the marketing mix?
a. Place c. Price
b. Product d. Promotion
45.What are the two types of place in the marketing Mix?
a. Physical store c. A only
b. Online Store d. Both a and B
46.How many marketing Mix are there in the marketing?
a. 8 c. 9
b. 7 d. 10
47.Which among the following factors to be considered in Price of the marketing
mix is NOT true?
a. Overhead cost like advertising , rent and insurance
b. Cost of labor and materials
c. The price of Competitors service
d. None of the above
48.What are the different stages of distribution channel?
a. Stage 1 . Producer -----wholesaler --------------Retailer ------Consumer
Stage 2 Producer ----direct Marketing-------Consumer
Stage 3 Producer ------Consumer
b. Stage 1 Producer -------wholesaler----------Retailer-----------Consumer
Stage 2 Producer --------Retailer----------Consumer
Stage 3 producer --------Consumer
c. Choose A only
d. None of the Above
49.Who is the most person in entrepreneurship?
a. Farmer c. Entities
b. Entrepreneurship d. entrepreneurial
50.Which is not belong to the group?
a. Place c. Product
b. Permanent d. Price
 Prepared By: Checked By:
FLORANTE R. PASTOR CHRISTIAN A. GIRON
Ed.D.
Subject Teacher School Principal I
Republic of the Philippines
Department of Education
PURO NATIONAL HIGH SCHOOL

ENTREPRENEURSHIP
TABLE OF SPECIFICATION

Competency Rememberi Understa Applying Analyzing Evaluat Creatin

ng nding ing g
Explain the Core 1,2,4,5.6.7. 3
Competencies in 8.9
Entrepreneurship 10,13,14,16
(CS_EP11/12ENTREP- ,
0a-0) 17,18,19,20
21,22
23,24,50
Explore job opportunities 11,12
for entrepreneurship as a
career(CS
_EP11/12ENTREP_0a_0)
Identify the market 25,26
problem to be solved or
the matket need to be
met ( CS_EP11/12
ENTREP-0a-1)
Propose solutions in 15
terms of products and
service/s that will meet
the need using
techniques on seeking
screening and seizing
opportunities
( CS_EP11/12ENTREP-
0a-2)
Analyze the market need 27 28
(CS-
EP11/12ENTREP_0a_3)
Describe the unique 29 30,31
selling proposition and
value proposition that
differentiate ones
product/service from
existing
products/services(CSEP1
1/12ENTREP-0d-7)
Validate customer related 32,33,34.35
concerns through ,36,37,38
interview.Focused on
Group Discussion and
survey
(CSEP11/12ENTREP0d-
g-9)
Determine the possible 39
products or services that
will meet the
need(CS_EP11/12ENTRE
P-0a-4)
Describe the Marketing 41,42,44,45 40,43,47,
Mix (7Ps)in relation to the 46,49 48
business opportunity vis-
à-vis
( CS_EP11/12ENTREP-
0h-j-10)

Prepared By: Checked By:

FLORANTE R. PASTOR CHRISTIAN A. GIRON
Ed.D.
Subject Teacher School Principal I