Philippine Christian University

SENIOR HIGH SCHOOL

SY 2023 – 2024

LONG TEST
Entrepreneurship

Name: Nolan Napoleon L. AbanDate: 03/12/2024 Grade Level & Section: 12-Simon

Rating:

I. Multiple Choice: Choose the letter that corresponds to the best answer. Write
the letter of your answer on the space provided.

D. 1. Which of the following is true about Entrepreneur?

a. An entrepreneur is someone who manages a business.
b. An entrepreneur is someone who owns a business and makes profits from
that business.
c. An entrepreneur is someone who creates a business and potentially makes
money and runs the business.
d. An entrepreneur is someone who takes risks and may lose the money they
invested.

B. 2. Which of the following is NOT considered a risk of being an entrepreneur?

a. Financial insecurity c. potential business failure

b. long hours and hard work d. providing value to others

A.3. Esther is thinking about opening a bakery. Which of the following would NOT be a good
early step?
a. Immediately put down a deposit for storefront property
b. Get a mentor
c. Create a business pitch
d. Estimate the target market

A.4. Which of the following ensures a good idea for a business is an actual business
opportunity?
a. The idea solves a unique need or want in the market that a group of customers
is willing to buy.
b. The idea is something that no one has ever thought of before.
c. The entrepreneur is really passionate about the idea
d. The entrepreneur will have to spend a lot of money and time to implement the idea

D.5. Which of the following is an advantage of starting your own business? a. You
are in charge of the decision making so there is little to no risk
b. During the startup phase, you do not have to think about funding.
c. As long as you make a business plan, you will know what obstacles to
expect.
d. You have control over where and when you work.

A.6. It is a type of ownership where a business formed under state or federal statutes is authorized
to act as a legal person.
a. Corporations
b. Limited Liability Partnership
c. Partnerships
d. Sole Proprietorship

A.7. In the context of entrepreneurship, this means coming up with new and imaginative ideas,
making ventures stand out and thrive.
a. Skill of Creativity c. Skill of Experimentation
 b. Skill of Empathy d. Skill of Play

D.8. This is a kind of skill that helps entrepreneurs innovate and grow their business by being open
to new ideas and learning from both successes and failures.
a. Empathy b. Experimentation c. Play d. Reflection
page 2…

C.9. Ariel encountered various challenges when starting his cookie empire, except for which one
of the following?
a. Attracting customers c. Small salaries early on
b. Making enough revenue d. Start-up money

C.10. Which of the following contributions does entrepreneurship make to Filipinos?

a. It aids in improving social life only.

b. It brings about happiness, productiveness and success in entrepreneur’s
life.
c. It facilitates ease of money flow in the local market.
d. It promotes a harmonious and loving community.

II. TRUE OR FALSE.

Write the word “TRUE” if the statement is correct; Otherwise, “FALSE” on the
space provided. (10 items)
TRUE11. Entrepreneurship offers opportunities for employment in the community
. FALSE12. Market competition is not important in business success.
FALSE13. Effective communication is not needed in the smooth flow of operations in business.
TRUE14. Entrepreneurship provides guidance for entrepreneurs in their endeavors to create wealth.
TRUE15. The entrepreneurial process is a step-by-step procedure in establishing any kind of
business.
FALSE16. Entrepreneurs are passive rather than proactive.
TRUE17. Being a handworker means habitually working diligently for long period of hours.
TRUE18. Entrepreneurship can improve the life of entrepreneur only.
TRUE19. Commitment in entrepreneurship is characterized by solid dedication.
TRUE20. In business world, capitalizing on positive changes will help a business survive and even
prosper.

III. MATCHING TYPE. Match the statement in column A with the correct terminology in column
B. Write the letter of your answer on the space provided. (10 items)

21 B.
22 A.
23 C.
24. I.
25 H.
26 K.
27 E.
28 G.
29 D.
30J.

ESSAY

If I were to start my own business, I would establish a piso printing service. Piso printing allows individuals to
access affordable printing services for their documents and projects, catering especially to students and small
businesses with limited budgets. By offering low-cost printing solutions, I aim to support education and
entrepreneurship in my community while also generating a sustainable income for myself.

1. Introduction: Business Name: Piso Printing

Location: Near/inside the school
2. Description of Business: Piso Printing offers affordable printing services for students, teachers, and small
businesses. Services include black and white printing, color printing, photocopying, scanning, and binding.
3. Target Market: Students: Printing assignments, reports, and projects