Republic of the Philippines

TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY

Pangasinan Technological Institute

INSTITUTIONAL ASSESSMENT
In
Technopreneurship 101
(CPE 036)

Name:_________________________ Score: _______________

Date:__________________________

MULTIPLE CHOICE: Read each questions carefully and chose your best answer.
Encircle the letter of your choice.

1. Existing or anticipated profitability of the industry.

a. Executive Summary
b. Marketing Strategy
c. Business and Industry Profile
d. Business Strategy

2. It protects business buyer from the claims unpaid creditors might have against a
company’s assets.

a. Bulk transfer
b. Contract assignment
c. Restrictive covenant
d. Lien

3. They sell a commodity product to the companies in it.

a. Buyers
b. Suppliers
c. New Entrants
d. Rivalry

4. According to study reports of Global Entrepreneurship Monitor (GEM),

entrepreneurs are most likely to launch businesses when they are between the
ages of 35 and 44.

a. True
b. False

5. Why would a new business venture choose to operate as a partnership?

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TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY

Pangasinan Technological Institute

a. Diversity of managerial expertise
b. Flexibility to respond to changing business conditions
c. all of the choices
d. Relative freedom from government control

6. which of the following is/are the Disadvantages of Buying a Business?

a. Accounts receivable may be worth less than face value

b. It may be overpriced
c. Inventory may be stale
d. all of the choices

7. Entrepreneurs tend to exhibit __________ .

a. A willingness to work hard

b. none of the above
c. All of the above
d. Tenacity

8. It is a road map of the actions an entrepreneur draws up to achieve a company’s

mission, goals, and objectives.

a. strategy
b. goals
c. purpose
d. objectives

9. A written summary of an entrepreneur’s proposed business venture, its

operational and financial details, its marketing opportunities and strategy, and its
managers’ skills and abilities.

a. Business Strategy
b. Business Plan
c. Marketing Strategy
d. Business Model

10. Remain calm during the negotiation.

a. Persistence
b. Preparation
c. Patience
d. Poise

11. The switching costs to competitors is high and their numbers is large.
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TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY

Pangasinan Technological Institute

a. New Entrants
b. Buyers
c. Rivalry
d. Suppliers

12. Company’s general business goals and the company’s immediate objectives.

a. Business and Industry Profile

b. Executive Summary
c. Business Strategy
d. Marketing Strategy

13. The step/s to consider in buying a franchise is/are _____ .

a. Make your choice

b. Talk to existing franchisees
c. all of the above
d. Ask the franchiser some tough questions

14. One of the primary reasons for interest in a franchise system is that the
franchisee is able to tap into the proven experience and guidance that the
franchise offers.

a. True
b. False

15. Overview of industry or market segment.

a. Business and Industry Profile

b. Business Strategy
c. Executive Summary
d. Marketing Strategy

16. People who rely more heavily on the right half of their brain tend to be more
imaginative and intuitive.

a. True
b. False

17. Positive external factors the company can exploit to accomplish its mission,
goals, and objectives.

a. strengths
b. opportunities
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TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY

Pangasinan Technological Institute

c. threats
d. weaknesses

18. It involves generating something from nothing.

a. Innovation
b. Creativity
c. Entrepreneurship
d. Application

19. Why would a new business venture choose not to operate as a partnership?

a. Sharing of profits
b. Difficulty in leaving a partnership
c. all of the choices
d. Limited life

20. The barrier/s of creativity is/are the following:

a. Constantly being practical.

b. All of the above
c. Viewing play as frivolous.
d. Becoming overly specialized.

21. The practice of gathering, organizing, and disseminating the collective wisdom
and experience of a company’s employees for the purpose of strengthening its
competitive position.

a. goals
b. objectives
c. purpose
d. strategy

22. Entrepreneur can stimulate their own creativity and encourage it among workers
by:

a. Encouraging Curiosity
b. Viewing Problems as Challenges
c. Providing Creativity Training
d. All of the above

23. Number of competitors is large or few (less than 5).

a. Rivalry
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TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY

Pangasinan Technological Institute

b. Buyers
c. New Entrants
d. Suppliers

24. Formed by people with similar interests, such as customers and suppliers.

a. franchises
b. stockholders
c. cooperatives
d. joint ventures
e. Cost and complexity of formation

25. Positive internal factors a company can draw on to accomplish its mission, goals,
and objectives.

a. weaknesses
b. mission
c. vision
d. strengths

26. It is the ability to create new and useful ideas that solve problems and challenges
people face everyday.

a. Creativity
b. Application
c. Innovation
d. Entrepreneurship

27. Which of the following is/are disadvantage/s of Limited Liability company?

a. Government restrictions and regulations

b. Cost and complexity of formation
c. Stable business life
d. Double taxation of profits

28. It refers to something new or to a change made to an existing product, idea, or

field.

a. Creativity
b. Innovation
c. Invention
d. Entrepreneurship

29. which of the following is/are the Elements of Marketing Strategy?

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TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY

Pangasinan Technological Institute

a. Distribution
b. Pricing
c. target market
d. all of the above

30. Franchises will be more successful based on its size.

a. True
b. False

31. Successful entrepreneurs learn to fail intelligently.

a. True
b. False

32. Two or more companies form an alliance to pursue a specific project, usually for
a specific time period.

a. cooperatives
b. joint ventures
c. Cost and complexity of formation
d. franchises
e. stockholders

33. Which of the following is/are the types of franchising systems?

a. Pure (or comprehensive or business format) franchising

b. Product distribution franchising
c. all of the choices
d. Tradename franchising

34. What Lenders and Investors Look for in a Business Plan?

a. Character
b. all of the choices
c. collateral
d. Conditions

35. Quality _____ products are not readily available and the prices of which are not
lower.

a. suppliers
b. substitute
c. Rivalry
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TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY

Pangasinan Technological Institute

d. buyers

36. Franchises will be “all the same”.

a. True
b. False

37. Which of the following is not a disadvantage of sole proprietorship?

a. Large personal time commitment

b. Unstable business life
c. Difficulty in attracting qualified employees
d. none of the choices

38. There are some negative attributes of buying a franchise and those include?

a. all of the choices

b. Limited product line
c. Unsatisfactory training programs
d. Market saturation

39. In General Partnerships, each partner is individually liable for all debts and
contracts of the partnership.

a. True
b. False

40. Advantages of economic scale are not present and the capital requirements to
enter are low.

a. Buyers
b. Suppliers
c. Rivalry
d. New Entrants