Republic of the Philippines

Department of Education
Region VII, Central Visayas
Schools Division of Bohol
Cataban Integrated School-Secondary
Talibon, Bohol

FIRST PERIODICAL TEST IN ENTREPRENEURSHIP 12

Test I. Identification: Read the sentence carefully. Select the answer
from the box below. Write your answers on your paper.
Specific goal setting Willingness to learn Willingness to take risks
Strong initiative Market Analysis Market Need target market
Self-efficacy Ambition Need for Achievement Adaptability and
flexibility
Interpersonal Skills Demographic Segmentation Entrepreneur is a missionary

1. Entrepreneurs should be motivated to set goals, particularly business

growth objectives.
2. Entrepreneurs must believe in their own ability or self-confidence.
3. Entrepreneurs must have a high need for achievement to take
responsibility for outcomes.
4. Entrepreneurs must be motivated, persistent, and persevere even in the
face of situation.
5. Is the statistical characteristics of human population used especially to
identify markets.
6. Is the process of dividing into segments with similar characteristics.
7. Is the type of customers that are focused within the market.
8. Refers to the demand or desire for a product or service within a particular
market.
9.It is a quantitative and qualitative assessment of a market ability to
respond positively.
10. Entrepreneurs should have a strong willingness to learn often pursue
opportunities to acquire new skills and competencies.
11. Entrepreneurs must have a high initiative are often to driven to work
hard.
12. Entrepreneurs must learn how to deal very well with a unique ability to
choose actions even without all necessary information.
13. Entrepreneurs are willing to take consequences; they can identify and
calculate risks.
14. Entrepreneurs must have a strong interpersonal skill of working with
people from different backgrounds.
15. The entrepreneur who perceives opportunities inherent in the exchange
of goods with great desire for profit.

TEST II. Multiple Choice. Read carefully the following statement and
choose the correct answer. Write only the letter.
16.All are job opportunities in entrepreneurship except one.
a. Franchise b. online seller c. store d. bank teller
17.The people who buy goods in the market are known as?
a. Business people b. Customers c. Seller d. Onliners
18.Entrepreneur must know how to determine the state to which a person
agreed that their actions can directly affect a situation.
a. Locus of Control b. Self-Efficacy c. Goal Setting d. Layers of
Competency
19.The ability to build professional relationship with business contacts.
a. Organizing b. Creative c. Planning d. Networking
20.The entrepreneur is capable in anticipating future problems thus solve
new problem that may arise in the business organization.
a. Strategic thinking b. Conceptual thinking c. Risk Taking d.
Optimism
21.This is the application of knowledge, skills, attitudes, values, and
behaviors in the workplace.
a. Planning b. Workplace competencies c. Marketing d.
Networking
22.They are individual who are alert to profitable opportunities for the
exchange of goods and services?
a. Buyers b. Entrepreneur c. Family d. Kids
23.Entrepreneurs must believe in their own ability. What is this?
a. Ambition b. Goal c. Objectives d. Self-Efficacy
24.A businessman or businesswoman has to be sure of him or herself about
reaching the set targets of success. Diffidence does not help. Self-image is
enhanced, when one is confident. What core competency is shown in the
statement?
a. Ambition b. Confidence c. Perseverance d. Selfless
25.The needs and wants of customers are properly identified and these are
propelling reason for him to take the opportunity to make profit.
a. The entrepreneur as a Marketing Man.
b. The entrepreneur as a Missionary.
c. The entrepreneur as a Goal Driven.
d. The entrepreneur as a Plan.
26.This refers to the basic physical appearance which can be a service or
idea precise specifications.
a. Augmented Product b. Tangible Product c. Generic Product
d. Product
27.It emphasizes the impact of the product to the costumer, not the seller.
a. Augmented Product b. Tangible Product c. Generic Product
d. Product
28.The following are examples of Services except one.
a. Appliances b. Car rental c. Car wash Salon or
spa
29.This refers to the sale of the physical products from the manufacturer to
the costumer of final ultimate user.
a. Goods B. Services c. Warranty d. Insurance
30.________ are intangible products that satisfaction can be measured in
future preferences.
a. Goods B. Services c. Warranty d. Insurance
Test III. True or False. Write your GIVEN NAME if the statement is True and
write your FAMILY NAME if the statement is false.
31.The technical and manpower complements are important factors in the
success of business.
32.Money is not needed to finance the activities of business.
33.The technology in the workplace is a motivating factor for employees to
produce more products or better service.
34.Banks are considered external source of funds to help the business for
capital.
35.It is not necessary to conduct marketing research to analyze the demand
and supply.
36.Good design can improve the marketability of the product through its
design and appearances.
37.Durable goods and non-durable goods are examples of tangible products.
38.Services are intangible products that satisfaction can be measured in
future preferences.
39.Shampoo, toothpaste, soap are good examples of Generic Product.
40.Product quality is a set of features and attributes of a product or service
that determine its ability to satisfy human needs.

“When you believe in yourself, anything is possible. Wishing you

the best of luck in your exam”---Teacher Jessa

ANSWER KEY:
1.specific goal setting
2. sel-efficacy
3. need for achievement
4. ambition
5. demographic
6. segmentation
7. target market
8. market need
9. market analysis
10. willingness to learn
11. strong initiative
12. adaptability and flexibility
13. willingness to take risks
14. interpersonal skills
15. entrepreneur is a missionary
16.D
17.B
18.A
19.D
20.C
21. B
22.B
23.D
24.B
25.A
26.B
27.A
28.A
29.A
30.B

III.
31.T
32.F
33. T
34. T
35. F
36. T
37. T
38. T
39. F
40. T