AIM HIGH COLLEGES INCORPORATED

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ENTREPRENEURSHIP 12
First Periodical Examination
S.Y. 2024-2025

Read and analyze each question, choose the letter of the correct answer and write it on the space
provided. NOTE: Erasure is NOT allowed.

____1. What kind of entrepreneurs who create ____9. All except one does NOT belong to the
new ideas in business? group. Which one is it?
A. Innovative C. Fabian A. Unfair trade practices C. Political
B. Imitating D. Drone protest
____2. It is the entrepreneur who lives on the B. Strikes D. Product
labor of others. ____10. The entrepreneur who is skeptical
A. Innovative C. Fabian about the changes in the company is called?
B. Imitating D. Drone A. Fabian C. Drone
____3. These are entrepreneurs who are to B. Social Entrepreneur D. Imitating
follow the path shown by innovative ____11. Which is NOT a career for an
entrepreneurs entrepreneur?
A. Innovative C. Fabian A. Business Consultant
B. Imitating D. Drone B. Sales
____4. Which of the following does not belong C. Research and Development
to the group? D. Domestic Helper
A. Skills management C. Conduct ____12. They are entrepreneurs who drive
research social innovation and transformation in various
B. Risk Taking D. Make no fields.
changes with his A. Drone C. Fabian
product B. Social Entrepreneur D. Imitating
____5. What is the meaning of the word ____13. Which of the statements below is true?
“Entrepreneur”? A. Entrepreneurs have limited career
A. Risk taker C. To opportunities.
research B. Entrepreneurs are prone to constant
B. To undertake D. To high income.
improve C. Entrepreneurs are contributors to the
standard of living development of the society.
____6. It is a personality factor which means D. Entrepreneurs are the reason for the
“doing things even before being told”. unemployment problem.
A. Proactive C. ____14. Which of the statement s is NOT true?
Persuasion A. An Entrepreneur will patiently wait for
B. Perseverance D. Initiative his efforts to bear fruit.
____7. It is personality factor which means B. The profit of the entrepreneur is
convincing customers to buy the product. immediate.
A. Proactive C. Self- C. All Entrepreneurs are successful.
Confidence D. Entrepreneurs are researcher.
B. Persuasion D. Risk-Taker ____15. Which of the following is NOT true?
____8. Which of the choices is NOT part of the A. Entrepreneurship creates
environmental factors? organizations.
A. Political C. Weather B. Entrepreneurs improve the life of the
B. Climate D. Family background entrepreneur alone.
of the manager C. Entrepreneurs improves the economy.
D. None of the choices.
____16. It is the process of considering, ____23. They are the ones who pay cash in
evaluating, and pursuing market-based activities exchange for your goods and services.
that are believed to be advantageous for the A. Buyers C. Sellers
firm. B. Competitors D. Suppliers
A. Opportunity- seeking ____24. The intensity of rivalry among existing
B. Opportunity-seizing firms is characterized to the following factors
C. Opportunity- Screening except one:
D. Sources of opportunity A. Diversity of rivals
____17. This is essential to opportunity-seeking B. Number of completing firms
which allows the entrepreneur to see things in a C. Characteristics of the products or
positive and optimistic light in the midst of crisis services
or difficult situations. D. The product represents a high
A. Entrepreneurial mind frame percentage of the buyer’s cost.
B. Entrepreneurial gut game ____25. The following are the forces competing
C. Entrepreneurial heart flame within the industry except one:
D. Entrepreneurial idea A. Potential new entrants and substitute
____18. It is the ability of the entrepreneur that products
can sense without using the five senses, also B. Buyers and suppliers
known as intuition. C. Rivalry among existing firms
A. Entrepreneurial mind frame D. Needs and Wants
B. Entrepreneurial gut game ____26. Which of the following good sources of
C. Entrepreneurial heart flame entrepreneurial ideas determine the interest,
D. Entrepreneurial idea hobbies and preferences of people.
____19. One of the essentials of entrepreneur’s A. Changes in the environment
opportunity-seeking that refers to the driven B. Technological discovery
passion of an individual. C. People’s Interest
A. Entrepreneurial mind frame D. Past experiences
B. Entrepreneurial gut game ____27. Societal environment includes the
C. Entrepreneurial heart flame following, except:
D. Entrepreneurial idea A. Economic forces
____20. What variable of societal environment B. Political forces
includes income level and employment rate? C. Sociocultural forces
A. Economic forces C. Political forces D. Natural resources
B. Sociocultural forces D. ____28. Which among the following is the result
Technological of identifying entrepreneurial opportunities?
forces A. Creation of entrepreneurial ideas
For questions 21 and 22 refer to the following B. Opening of entrepreneurial venture
statements: C. Sources of opportunity
A. Preferences and tastes of the D. Entrepreneurial process
customers easily change. ____29. What entrepreneurial idea will you
B. The buyer has the potential for recognize if you consider the new discovery and
backward integration. advancement of technology as source of
C. The cost of switching the supplier cost opportunity?
is minimal. A. Changes in the environment
D. Product differentiation is highly B. Technological discovery and
noticeable. advancement
____21. Which are the factors of the substitute C. Government’s thrust, programs, and
product that pose a great threat in the industry policies
environment? D. People’s interest
A. A, B, C, D C. A and D ____30. A source of entrepreneurial idea where
B. A and C D. B and C expertise and skills developed by a person from
____22. Which are the factors that influence its previous work can lead to the opening of a
the buyer to have a less threats because of the related business enterprise.
bargaining power? A. Government’s thrust, programs, and
A. A only C. A and D policies
B. A and C D. B and C B. Past experience
C. People’s interests
D. Technological discovery and D. Cooperative
advancement
___31. What is entrepreneurship? ___38. What is an entrepreneur's role in
innovation?
A. Managing a business
B. Starting and running a new business A. To maintain traditional methods
C. Investing in stocks B. To implement new ideas and technologies
D. Selling products C. To copy existing products
D. To focus solely on profits
___32. Which of the following is a key trait of
successful entrepreneurs? ___39. Which term refers to the willingness to
take risks in business?
A. Risk aversion
B. Strong leadership skills A. Caution
C. Indecisiveness B. Entrepreneurship
D. Preference for routine C. Risk tolerance
D. Investment
___33. What is a business plan?
___40. What is a franchise?
A. A marketing strategy
B. A document outlining business goals and A. A partnership between two businesses
plans B. A license to operate a business using another
C. A financial statement company's brand
D. A product prototype C. A government grant for starting a business
D. A type of cooperative
___34. Which of the following is NOT a source
of funding for entrepreneurs? ___41. What is the break-even point?

A. Venture capital A. When total sales equal total costs

B. Angel investors B. When profits are maximized
C. Personal savings C. When expenses exceed revenues
D. Tax refunds D. When the business closes

___35. What does a SWOT analysis help ___42. Which marketing strategy involves
entrepreneurs to assess? promoting products through social media?

A. Market trends A. Traditional marketing

B. Competitors B. Digital marketing
C. Strengths, Weaknesses, Opportunities, C. Direct mail marketing
Threats D. Telemarketing
D. Sales forecasts
___43. What does the term "scalability" refer to
___36. What is the primary purpose of market in a business context?
research?
A. The ability to increase production without
A. To identify competitors increasing costs
B. To understand consumer needs and B. The ability to hire more employees
preferences C. The size of the market
C. To set prices D. The diversity of products
D. To create advertisements
___44. What is the role of a mentor in
___37. Which legal structure limits personal entrepreneurship?
liability for business debts? A. To provide financial support
B. To guide and advise less experienced
A. Sole proprietorship entrepreneurs
B. Partnership C. To compete with the entrepreneur
C. Corporation D. To handle marketing strategies
___45. Which of the following is a common
reason for business failure?

A. Strong marketing
B. Lack of market demand
C. Adequate funding
D. Effective management

___46. What is the purpose of a pitch deck?

A. To create a marketing campaign

B. To present a business idea to investors
C. To outline company policies
D. To set employee salaries

___47. Which of the following best describes

"networking"?

A. Connecting with friends

B. Building relationships for business
opportunities
C. Joining online forums
D. Competing with other businesses

___48. What is e-commerce?

A. Selling products through physical stores

B. Buying and selling goods online
C. Providing services to other businesses
D. Exporting goods internationally

___49. What does "customer segmentation"

refer to?

A. Dividing customers based on demographics

or behavior
B. Grouping employees by department
C. Creating different products for each customer
D. Reducing customer numbers

___50. What is the significance of a unique

selling proposition (USP)?

A. It defines the target market

B. It differentiates a product from competitors
C. It describes the company's mission
D. It outlines the pricing strategy