Republic of the Philippines

Department of Education
Region X- NORTHERN MINDANAO
SCHOOLS DIVISION OF ILIGAN CITY

3rd QUARTER EXAMINATION

ENTREPRENEURSHIP 12
S.Y 2023-2024

Name: ________________________Yr.& Section: __________ Score: _______

Multiple Choice. Read and understand each item carefully. Encircle the correct answer.

1.It is the entrepreneur who assumes risks and is prepared for the losses that may arise because of
unforeseen situations in future.
a. Promotion b. Innovation
c. Staffing c. Bearer of risk and uncertainty
2. These are activities that provide some combination of time, location, form or psychological value.
a. Supply b Goods c. Services d. Purchasing
3. What do you call the 4 M’s of operation that examine what is the ideal number of people it will take to
perform these methods and what positions should they be in?
a. Machine b. Method c. Manpower d. Materials
4.It is one of the 4 M’s of operation that is needed to perform all parts of production.
a. Manpower b. Materials c. Method d. Machine
5.Which of the statement in NOT true?
a. An entrepreneur will patiently wait for his efforts to bear fruit.
b. The profit of the entrepreneur is immediate.
c. All entrepreneurs are successful
6. Who should write the Business Plan?
a. The president of the board of directors.
b. The entrepreneur
c. The manager.
d. The business proponents
7. Which of the following statements is true?
a. Entrepreneurship is the ability to create and build a vision from practically nothing.
b. Entrepreneurship is pure luck.
c. Entrepreneurship is simply obtaining financing and starting a business.
d. Entrepreneurship has nothing to do with creating incremental wealth.
8. This is an umbrella term covering all the media by which a business informs customers about its product
including advertising and public relations.
a. Packaging b. Place c. People d. Promotion
9.Which of the following in NOT a function of entrepreneur?
a. Skills management c. Conduct research
b. Risk taking d. Make no changes with his product
10.Entrepreneur means
a. Risk taker c. To research
b. To undertake d. To improve standard of living
11. Which of the statements below is true?
a. Entrepreneur has limited career opportunities.
b. Entrepreneurs are prone to constant high income.
c. Entrepreneurs are contributor to the development of the society.
d. Entrepreneurs are the reason for unemployment problem.
12.. It is a personality factor which means convincing customers to buy the product.
a. Proactive c. Self-Confidence b. Persuasion d. Risk-taker
13. Which is NOT a career for an entrepreneur?
a. Business consultant c. Research and Development
 b. Sales d. Domestic Helper
14.This refers not just to the way in which a product is wrapped, but also to its overall presentation.
a. Packaging b. Price c. People d. Place
15. 7. It is the most important of the 7 P’s of marketing mix that refers to a product’s status in relation to the
wider market, particularly how it lines up against competitors.
a. Promotion b. Packaging c. Positioning d. Price
16.It is a personality factor which means “doing things even before being told.”
a. proactive c. persuasion b. perseverance d. Initiative
17. What is the primary component of the 7P’s of the marketing?
a. Price b. Product c. Place d. promotion
18. Products are not only sold in shops they may also be sold door to door, online, or in trade fairs or
markets.
a. Packaging b. Place c. People d. promotion
19. This is a function of an entrepreneur is also seen as an innovator who tries to develop new
technology, products and markets.
a. Promotion b. Innovation
c. Staffing d. Bearer of risk and uncertainty
20. It is derived from the French word ‘entrepreneur’ which means ‘to undertake’.
a. Entrepreneur b. Intrapreneur
c. Enterprise d. Entrepreneurship
21. This is a creative and innovative response to the environment and the process of giving birth to a new
enterprise.
a. Entrepreneurship b. Entrepreneur
c. Enterprise d. Intrapreneur
22.It is to examine your facilities, vehicles and tools that you need to ensure the safety of the employees
while maximizing the efficiency and productivity of the department.
a. Materials b. Machine
c. Method d. Manpower
23. What do you call a step by step outline of how an entrepreneur or the owner of an enterprise expects to
turn ideas into reality?
a. Planning b. Business Plan
c. Marketing d. Process
24.It is the 4 M’s of operation in which the manager can determine the volume of product that need to be
processed and who will be responsible for each step of the process.
a. Manpower b. Method
c. Materials d. machine
25. These are physical items that include raw materials, parts, sub-assemblies, and final products.
a. Supply b. Goods
c. Services d. Purchasing
26. What is the primary component of the 7P’s of the marketing ?
a.Price b. Product c. Place d. Promotion
27. It is set for a product not only to determines the amount of profit the business will be able to make from
it but also affects the value of the product as perceived by the consumer.
a. Price b. People c. Place d.Promotion
28. Products are not only sold in shops they may also be sold door to door, online, or in trade fairs or
markets.
a.Packaging b. Place c. People d.Promotion
29.This is an umbrella term covering all the media by which a business informs customers about its product
including advertising and public relations.
a. Packaging b. Place c. People d. Promotion
30. It is the linchpin of a successful marketing strategy, without accurate customer profiling, none of the
other 7 P’s of marketing mix can be channeled, and the product may well fail to sell.
a. Positioning b. Price c. People d. Place
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