ALEJANDRO FIRMEZA MEMORIAL NATIONAL HIGH SCHOOL

Aguiauan, Miagao, Iloilo

ENTREPRENEURSHIP
3rd Quarter EXAMINATION

Name:____________________________ Grade/Section:___________Date:___________Score:_______
PART I
Direction: Read the sentence/s carefully and write the letter of the correct answer.
1. As a businessman, Mr. Caesar Lim wants to hire people to help him run his business. What word/s describe the
entrepreneurial development of Mr. Lim?
a. The Self-Employed c. The Leader
b. The Manager d. The Investor
2. As everything in this world change, terms or terminologies in entrepreneurship also evolved. Which of the following is NOT
a new term in the field?
a. Intrapeneur b. Sociable c. Extrapreneur d. Technopreneur
3. Henry Go address issues, problems, and challenges before they come rather when they already happened. Which of the
following best describes Mr. Go?
a. Proactive b. Specialist c. Decisive d. Balanced
4. Northern Builders as a leading construction company established relationships among workers, leaders, and to their customers.
What common trait do the company possess?
a. Balanced b. Agents of change c. Specialist d. Sociable
5. Entrepreneurs at this point take note of interesting trends in their environment.
a. Developing a business plan c. Opportunity spotting and assessment
b. Running the business d. Determining the capital needed
6. A method of generating ideas that allows the participants to share creative ideas.
a. Brainstorming c. Brainwriting
b. Focused group discussion d. Internet brainstorming
7. Economic factors play a vital role in the scanning of marketing environment. Entrepreneurs should take note of the following
EXCEPT.
a. Inflation rates b. Labor costs c. Fiscal policies d. Buying habits
8. Ecological factors served as a guide for the entrepreneurs if the business they are entering will comply with the environmental
standards. Which of the following is an example of the things to be considered with these factors?
a. Recycling b. Business cycle c. Emphasis on safety d. Trade flows
9. Demographic factors are the characteristics of people in the target market. Entrepreneur should take note of the following
factors EXCEPT.
a. Social classes b. Family size c. Minorities d. Bureaucracy
10. Simply defined as what business should do in the future.
a. Vision statement b. Mission statement c. Value proposition d. Unique selling proposition
11. The reason why a customer should buy a certain product or avail service to you business.
a. Vision statement c. Value proposition
b. Mission statement d. Unique selling proposition
12. Mr. Johann Lee addresses the customer’s wants and desires in selling with his products. Which of the following refers to the
way on how he will sell the product or service?
a. Vision statement c. Value proposition
b. Mission statement d. Unique selling proposition
13. The process of positively improving an existing product or service and a key driver of economic growth.
a. Innovation b. New trends c. Marketing d. Entrepreneurship
14. After a thorough study, Ms Elleanna discovered that her business idea is feasible enough. Which of the following
entrepreneurial process refers to the “pushing through” of chosen business?
a. Business implementation c. Running the business
b. Opportunity attractiveness test d. Opportunity seizing
15. Demographic factors are the characteristics of people in the target market. Entrepreneur should take note of the following
factors EXCEPT.
a. Social classes b. Family size c. Minorities d. Bureaucracy
16. Mr. Johann Lee addresses the customer’s wants and desires in selling with his products. Which of the following refers to the
way on how he will sell the product or service?
 a. Vision statement b. Mission statement c. Value proposition d. Unique selling proposition
17. The size the arena where the entrepreneur’s business will play.
a. Market size b. Market share c. Market space d. Market universe
18. It is a comprehensive process of understanding the customers’ intricacies and the industry the revolved in.
a. Marketing plan b. Marketing strategy c. Marketing research d. Marketing intelligence
19. The approximate number of customers that will buy the product or avail the service.
a. Market size b. Potential market c. Market share d. Market profit
20. It is considered as the lifeblood of the business.
a. Manpower b. Customer c. Businessman d. Entrepreneurs
21. They are the customers who don’t have enough purchasing power or have fewer demands.
a. Primary target market c. Essential target market
b. Secondary target market d. Ancillary target market
22. Market segmentation is the process of grouping similar or homogeneous customer according to the following EXCEPT.
a. Psychographic b. Ethnographic c. Geographic d. Behavior
23. Can only be obtained through meticulous market segmentation process.
a. Market analysis c. Marketing plan
b. Market intelligence d. Marketing strategy
24. Socioeconomic variables include the following EXCEPT.
a. Income range b. Social class c. Religion d. Inclination
25. It is .face-to-face contact between the researcher/entrepreneur and a respondent where the researcher asks pertinent questions
that will give him significant information about the problem to be solve
a. Interview b. Focus Group Discussion c. Observation d. Traditional survey
26 An online tool that tracks the performance of a web by checking the number of visitors and the contents they usually access.
a. GPS Technology b. Web Analytics c. Traffic Counters d. Visitors Log
27. Ecological factors served as a guide for the entrepreneurs if the business they are entering will comply with the environmental
standards. Which of the following is an example of the things to be considered with these factors?
a. Recycling b. Business cycle c.. Emphasis on safety d. Trade flows
28. The economic process of converting raw materials into products suitable for exchange
a. Production b. Manpower c. Materials d. Method
29. Market segmentation is the process of grouping similar or homogeneous customer according to the following EXCEPT.
a. Psychographic b. Ethnographic c. Geographic d. Behavior
30. Refers to the workforce who will produce the product.
a. Production b. Manpower c. Materials d. Method
31. Any physical good, service, or idea that is created by an entrepreneur.
a. Business b. Venture c. Market d. Product
32. Promotion involves presenting the products or services to the public. Key marketing messages can be he following EXCEPT.
a. Value proposition b. Product image c. Business image d. Owners image
33. This is a type of communication that influences the behavior of a customer o choose the product or service of the entrepreneur
over the competitors
a. Promotion b. Advertising c. Selling d. Public relations
34. The testing method wherein the participants provide insights about the new product or service.
a. Safety test b. Focus group discussion c. Brainstorming d. Component test
35. After a thorough study, Ms Elleanna discovered that her business idea is feasible enough. Which of the following
entrepreneurial process refers to the “pushing through” of chosen business?
a. Business implementation c. Running the business
b. Opportunity attractiveness test d. Opportunity seizing
36. The major differentiator of the entrepreneur against the competitors.
a. Brand name b. Company name c. Company logo d. Packaging
37. These machines help researchers understand the purchase behavior of the customers by reading the product codes and generate
relevant sales information.
a. GPS Technology b. Barcode Readers c. Traffic Counters d. Visitors Log
38. It is the result of maintaining satisfied customers.
a. Loyalty b. Rewards c. Excellency d. Branded
39. It represents the day-to-day operations of a business.
a. Methods b. Process c. Flow chart d. None of the above
40. The process of translating raw materials into finished goods that are acceptable to the customer’s standards.
a. Process b. Creation c. Manufacturing d. Packaging
41. Mr. Suazon prepared a flowchart of his business. What is the other term used for flowchart in the service businesses?
a. Standard operating procedure b. Input, output and process c. Service blueprint d. Service method
42. Hiring suitable employees for the job needed, entrepreneurs will have to look for the following criteria EXCEPT.
a. Educational background b. Ethnicity c. Work experience d. Work attitude
43. In businesses it is described as the “best friend” of manpower in producing goods and offering services.
a. Machines b. Materials c. Robots d. Models
44. It is the output of a sale wherein the sales price exceeds the cost to produce the product or render the service.
a. Revenue b. Capital c. Collateral d. Net profit
45. Responsible for every element of your sales, marketing strategies, and activities.
a.Packaging b. 7 P’s Model c. Marketing Mix d. People

Part II. Complete the Business Plan Outline

Executive Summary or Statement of Purpose

Section One: 2.___________

Section Two: Financial Data

Section Three: Supporting Documents Historical financial statements, tax returns, resumes, reference letters,
personal financial statements, facilities diagrams, letters of intent, purchase orders, contracts, etc

Prepared by :

Miss Jonadhe C. Mondeja

EntrepL/2023/[email protected]
#3rd Periodical Exam/5-19-2023