Republic of the Philippines

Department of Education
Region III – Central Luzon
Schools Division of City of Meycauayan
MEYCAUAYAN NATIONAL HIGH SCHOOL
Camalig, City of Meycauayan, Bulacan

FIRST QUARTERLY EXAMINATION

ENTREPRENEURSHIP
Ghag

Name: Score:

Grade and Section: Subject Teacher: Date:

Write the letter of the BEST answer. Make
sure answers are ALL CAPITAL LETTERS
and strictly NO ERASURES. Any marks of
erasure will be considered INCORRECT.
C. Bargaining powers of customers, possibly
if the supply is short
D. Bargaining powers of customers, possibly
if the demand is high

______1. Alex owns ABC Hardware Trading _____ 4. Which of the following is NOT
that focuses on materials need for TRUE about patent?
carpentry and woodwork services. He A. It is a liability that may affect the
started last year and had 5% profit in business.
every quarter. The business is growing B. It is an intellectual property.
despite of being “one-man team” and the C. It is an intangible product
business only needs less legal papers from D. It is an exclusive right granted for an
their municipality. Based on details, it invention, either product or process
confirms that his business is categorized
under what type of ownership?
A. Sole Proprietorship, since only one person _____ 5. They offer the same products but
controls the business have different goals.
B. Sole Proprietorship, since this is his A. Direct Competitor
family business. B. Indirect Competitor
C. Partnership, since the business generates C. Replacement Competitors
a good profit D. None of these
D. Partnership, since the business only had
business permit. _____ 6. SM Mall of Asia is the largest mall
in Asia surrounded by many
______2. Because of being fur-parents, Jess establishments. Not to mention the
and her wife Eloisa runs a pet - seaside of Manila Bay that has delicious
accessories business for dogs and cats at seafood restaurants especially their
very affordable prices. What type of “paluto” seafood. By what point of market
business screening best consider for this? segmentation best considered to these
A. Viability businesses?
B. Differentiation A. Demographic
C. Personal Preference B. Geographic
D. Customer Requirements C. Segmenting by Income
D. Age Segmentation
_____ 3. The traditional activity of
“tawad” which is usually done in market _____ 7. Movie houses strictly
is considered under what forces of implemented the Movie Ratings System
industry model? from General Audiences to Rated R or
A. Rivalry among existing customers, Restricted. On what market segmentation
especially if the supply is short best describes this method?
B. Rivalry among existing customers, A. Gender
especially if the demand is high B. Geographic
C. Segmenting by Income
D. Age Segmentation C. Direct Competitors
D. None of these
_____ 8. Which of the following scenarios
is cannot consider an example of ______ 14. Terry sells fish in the market.
financing for SME business starters like Every 11 AM or before lunch, she piles
“karinderya” and “sari-sari” store? her fish per two kilos and sell it 5 percent
A. Having garage sale of your unused and lower or higher depending on the number
old stuffs of customers inside the market. On what
B. Borrowing money in multi-purpose forces of industry model describes to
cooperative this?
C. Using money in your own savings A. Bargaining Power of Customer
D. None of these B. Bargaining Power of Supplier
C. Both A and B
_____ 9. Being Philippines declared as a D. Neither A nor B
free market economy, it shows that
A. the country is abundant in natural For numbers 15-16, refer to the following
resources. statements
B. everyone can come and visit the country
C. anyone can establish their own business I. All services are intangible.
D. products can be imported and exported II. All products are tangible
III. Some services are tangible
_____ 10. Which of the following situation IV. Some products are intangible
has dilemma regarding marketing mix?
A.AlingSelyais having a hard time to look for ______ 15. Which statements are
capital to s.add in her variety store business. CORRECT?
B.GMA Network is thinking to decrease TV A. I and II
Commercials, in return, 30% of possible net B. II and III
loss. C. I and IV
C.ABC Manufacturing is filing for D. III and IV
bankruptcy and request for liquidation of
asset ______ 16. Which statements are
D. All of these INCORRECT?
A. I and II
______ 11. It is defined as the B. II and III
organizational and other characteristics C. I and IV
of a market. D. III and IV
A. Market
B. Target Market ______ 17. It is a basic framework used to
C. Market System evaluate business competitive position
D. Market Structure and to develop strategic planning.
A. SWOTT Analysis
______ 12. Why place is considered as the B. Porter’s Five Forces Competition Model
battlefield of the business? C. Marketing Mix
A. Because of competition to gain more D. Business Implementation
profits.
B. Because of more people both customers ______ 18. Sister companies like,
and sellers. MangInasal, Jollibee, Chowking and
C. Because of non-stop transaction both Greenwich have mass and middle classes
physical and online. as their target market, that is why they
D. Because there is always a riot called fastfood chains. On what marketing
______ 13. Ella spends her free time by mix 7Ps describes this situation?
doing freshly-baked banana pie sell it A. Promotion
online using her FB account. Same with B. People
her friend Analyn but her target market is C. Product
within their subdivision. The business of D. Positioning
Ella and Analyn can be categorized in
what type of competitor? ______ 19. In SWOTT, These are harmful
A. Indirect Competitor things that may affect the product
B. Replacement Competitor externally.
A. Weaknesses ______ 31. Another entrepreneurial term
B. Threats for promotion.
C. Trends A. Commercial
D. Both A and B B. Advertisement
C. Marketing
______ 20. Which is NOT TRUE about D. Gimmick
partnership?
A. Two or more persons bind themselves to _______ 32. The following are things to
contribute money, property and industry consider in choosing products and
B. No sharing or profits nor losses services EXCEPT
C. When one partner dies, the partnership A. Look for your competitors
will disband or dissolved automatically. B. Look for help
D. Insanity or partner with mental problem C. Look for the problems
can lead to dissolution of partnership. D. Look within you

For numbers 21 – 30, read the following ______ 33. Which is TRUE about
statement and categorize to what entrepreneurship?
quadrant of SWOTT it belongs. Letters A. It is a process of creating something with
only value
B. Not anyone can become an entrepreneur
SWOT(T) Analysis of Greenwich Pizza C. Monetary rewards and personal
Corporation satisfaction are not a proof of a successful
entrepreneur.
A. Strengths D. Time and effort in entrepreneurship are
B. Weaknesses highly discouraged and not important in
C. Opportunities business entity.
D. Threats
______ 34. In Ana Maria Subdivision,
_____ 21. Menu items that aren’t pizza Flores Family has the only one who own
have generally been unsuccessful. water refilling station in their area for 20
years. Aquino Family, after moving to the
______22. Anyone can get into the pizza said area, turns out to establish also
business with few barriers another refilling, same with Baretto
Family. What could be the best
______23. Possibility to expand explanation for this?
accompanied by sister companies like A. Water, as basic need, is one of the best
Jollibee, Chowking and MangInasal. sure-profit business.
B. There might be a possibility of having a
______24. Proven recipes water shortage in the area since more water
business popping out.
______25. Winner of “best pizza in town” C. New competitors will be coming since the
award for three consecutive years. market barrier is too weak
D. All of these.
______26. Poor at marketing and creative
promotions. _______ 35. Why packaging is important?
A. It creates brand to a product or service
______27. Trends around healthy eating, B. It creates trademark to a product or
organic ingredients and gluten free service
options. C. It secures the product
D. All of these
______ 28. New interest from local media.
_______36. Another entrepreneurial term
______ 29. High employee turnover due to for People.
end of contract A. Mankind
B. Manpower
______ 30. Expanded market because of C. Employee
the lifting of COVID – 19 restriction. D. Workers
_______ 37. They are willing to bear the
risk and/or uncertainty to act.
A. Entrepreneurship
B. Proprietorship
C. Entrepreneur
D. Employee
_______ 38. The following are the
characteristics of title proposal EXCEPT
A. Catchy but still professionally embodied
title proposal
B. Easy to remember
C. Aligned to the interest of the researcher/s
D. Even not up to date as long as resources
are available
________ 39. Because of the oil price hike,
some vegetables from the high mountains
like Benguet tends to increase their value
due transportation cost. If we aligned it
to marketing mix, on what 7Ps will
definitely affected?
A. Price
B. Product
C. Place
D. Positioning
_______ 40. Why do we need to identify our
market?
A. to check our potential customers
B. to see the viability of the location
C. to estimate for possible losses
D. Both A and B
For numbers 41 – 47, determine to what
part of business plan describes the
following description. Write the letters
only.
A. Introduction
B. Project Statement
C. Methodology
D. Pricing and Deliverable
_______41. Design for pricing strategies
_______42. Importance of stating the edge
of your business proposal.
_______43. Business interest and
specialties.
_______44. Sequencing your plan.
_______45. Proposition to solve the
problem by means of your business plan.
_______46. Stating your target dates and
schedules in your business proposal.
______47. Empathy for your potential
customers and future clients.
______48. It is a tangible item that is put
on the market for acquisition, attention,
or consumption.
A. Product
B. Services
C. Business
D. All of these
______ 49. Because of continuous
increasing of the price of pork, chicken
and beef in the market, UP Los Banos,
College of Agriculture introduced the
rabbit meat. This meat is rich in protein,
safe to consume by human and cheaper
than the present meat in the market. If
we based this on Porter’s Five Forces
Analysis, this situation will fall under
what category?
A. Bargaining Power of Suppliers
B. Threats to Substitute
C. Threats of New Entry
D. Bargaining Power of Customers
______ 50. Which of the following
intangible products is applicable for book
and reading publications?
A. Goodwill
B. Patent
C. Copyright
D. Trademark
___________________________________________
Parents Signature Over Printed Name
Date: _________________________
Prepared by:
________________________________
Mr. Glenn V. Ferolino, LPT
Teacher II
Checked By:

______________________________
Mrs. Charmaine S. Tumangan
Teacher II
Subject Group Head - ABM

Approved By

______________________________
Mr. Geosippi S. Layman
Asst. School Principal II, SHS Department