Republic of the Philippines
DEPARTMENT OF EDUCATION
Cordillera Administrative Region
SCHOOLS DIVISION OFFICE OF ABRA
PANGTOD NATIONAL HIGH SCHOOL
Bucay, Abra
First Quarter Test for Entrepreneurship 11
General Directions:
a. This is a 50-item multiple choice type of test covering the learning competencies tackled during the
quarter. Go over these items first before answering.
b. Select the best answer from the given options. Write the letter of your choice on the answer sheet provided.
c. Do not write anything on this paper.
1.The entrepreneurs who create new ideas are called?
A. Innovative B. Imitating C. Fabian D. Drone
2. Which of the following is NOT a function of an entrepreneur?
A. Skills management
B. Risk taking
C. Conduct survey
D. Make no changes with his product
3. Entrepreneur means:
A. Risk taker
B. To undertake business
C. To research
D. To improve standard of living
4. It is a personality factor which means “doing things even before being told”
A. self-starter B.determination C. dicipline D. initiative
5. It is a personality factor which means convincing customers to buy the product
A. dicipline B. strong people skill C. Self-confidence D. strong work ethics
6. Joshua sees that the pandemic is an opportunity to start a business. What quality does
Joshua posses?
A. Passion
B. Dtermination
C. Open-minded
D. Dicipline
7. Andrea is a seller of clay pots. Out from the clay pots she sell, she come up with a flower
pots. What quality does Andrea posses?
A. Creativity B. open-minded C. Passion D. Strong work ethics.
8. The following are definition of a business plan, EXCEPT:
A. it is a blueprint of individuals, organizations or groups who would like to engage in a
business
B. it is the overall picture of the enterprise
C. it provides guidance for investment decisions and capital expenditures.
D. none of the above
9. It is a part of the business plan that contains a brief description of each part of the business
plan.
A. Executive Summary B. introduction C. Industry Analysis
10. This part of a business plan contains the target market and the size of th market.
A. Executive Summary B. Market Analysis C. Industry Anlysis
11. Mirasol created a plan of her envisioned Milktea House. She forgot to plan the financial
statement of her project. Is the business plan a success or not? Why?
A. Yes, because financial plan is not the crucial in the plan
B. Yes, because she have planned more parts of the plan
C. No, because financial statement is one of the most important part of the business plan.
D. No, because she is plannig to fail.
12. Martha planned a business and she included in her plan her name as the Company owner.
What part of the business plan can you see this?
A. Financial Plan
B. Executive Summary
C. Organizational plan
D. Introduction
13. Which of the following P in the 7Ps of marketing mix is defined as the amount being paid by
the consumer in exchange of goods or services.
A. Product
B. Positioning
C. Place
D. Price
14. This is the place in the market where the enterprise positioned in the hearts and minds of
the consumer.
A. Product
B. Positioning
C. Place
D. Price
15. The visual element of this P is one way of pomoting a product.
A. Promotion
B. Product
C. Packaging
D. Place
16. This term refers to the group of consumers or organizations that is interested in the product,
has the resources to purchase and permitted by law and other regulations to acquire the product.
A. Target market
B. Market
C. market Structure
D. Market System
17. this term refers to the market a company wants to sell its product.
A. Target market
B. Market
C. market Structure
D. Market System
18. The following are ways of segmenting the market, except:
A. geographic segmentation
B. geophysical Segmentation
C. Demographic Segmentation
D. Segmenting by age
19. Sex, age, income and occupation are the things to consider when ___________ of the
market.
A. geographic segmentation
B. geophysical Segmentation
C. Demographic Segmentation
D. Segmenting by age
20. the market involves are those in the income class A, B, C, D or E. what way of segmenting
this group og your market?
A. geographic segmentation
B. geophysical Segmentation
C. Demographic Segmentation
D. Segmenting by age
21. Which of the following situation applies the Demographic segmentation?
A. a group of students who are elementary, secondary and seniors
B. politicians
C. a group of people residing in the uplands
D. a group of senior high schools students divided into male and female group
22. The following situations shows the geographic segmentation of a market.
A. number of senior citizens residing in a village.
B. number of children who are sons and daugthers of politicians
C. number of LGBTQA+
D. the number of residents who are born in the early 80’s and 90’s
23. Pangtod National High School Canteen receives products from the supplier every
Wednesday. What term best describes the situation?
A. Target market
B. Market
C. market Structure
D. Market System
24. Amalia wants to build her skin care botique. Which among the fllowing is her target
market?
A. senior citizens
B. infants
C. teenagers
D. those who wants to take care of their skin.
25. Regine wants to assess and validate her customer’s satisfaction. What approach will she
use in order to get a complete attention from her consumer.
A. face-to-face interview
B. Telephone interview
C. FGD
D. Survey
26. Ana Marie wants to know the satisfaction of her customer. What approach is best for her to
use if she wanted to ask sets of questions and the customer can check the appropriate rate for the
product.
A. face-to-face interview
B. Telephone interview
C. FGD
D. Survey
27. The following are examples of a consumer products except:
A. shopping products
B. Specialty Products
C. Shoes
D. Cement
28. This type of consumer product includes themotion detector closed-circuit cameras.
A. shopping products
B. Specialty Products
C. Shoes
D. Cement
29. Which of the following is an example of unsought product?
A. life insurance
B. Face detector
C. Bags
D. Innova
30. Miley bought a car. What consumer product does Miley bought?
A. shopping products
B. Specialty Products
C. Shoes
D. Cement
Test II: Read and anlyze the following statements. Write TRUE if the statement is correct and
write FALSE if it is incorrect.
1. Innovation is one of the characteristics of a good entrepreneur.
2. An innovative entrepreneur take challenges as an opportunity to start a business.
3. People should not be considered in planning a business
4. A business without a plan is planning to fail in all situations.
5. Photos, contracts, forms, certificates, permits and other documents must be placed on the
last part of the business plan which is the Appendices.
6. Business plan must discuss th product and services that the future business will offer to it
target market.
7. Posting your product online is a way of plaingg your product to the hearts and minds of the
customers.
8. Flash sale is one way of promoting your product.
9. Giving gifts and give aways when someone bought your product is important in pricing your
product.
10. Stolls that sell fruits and vegeteble is an example of indirect competition.
11. Ana and Marie are rivals during their early chilhood. When Ana put up a BBQ stand, Marie
also do the same. This is an example of direct competition
12. Home appliances with different brands in a mall is an example of indirect competition.
13. Replacement competition is done when a seller create a class A product out from the
authentic product.
14. Selling different brands of cellphones is an example of replacement competition.
15. Products are tangible and consumable goods while services are tangible and unconsumabl
goods.
Test III:
Describe the following in 3-5 sentences. (ESSAY)
COMPETITION
PRODUCTS AND SERVICES
