CANARVACANAN NATIONAL HIGH SCHOOL

Brgy. Canarvacanan, Alcala, Pangasinan

SUMMATIVE EXAMINATION IN ENTREPRENEURSHIP

1. It is a symbol that legally presented by a business.

a. Logo b. Trademark c. Values d. Signage
2. A business mission statement serves as a statement of___________.
a. Fact b. Values c. Purpose d. Financial goals
3. What a FAB Strategy stands for?
a. Features- Advance-Benefits c. Features-Advantage- Benefits
b. Funds-Accounts- Benefits d. Finance-Advertisement-Benefits
4. Which of the following is the first step in implementing the business?
a. Set objectives c. develops brand name
b. Defines common mission d. plan marketing strategies
5. Which is considered as a comprehensive and effective blueprint to guide an
entrepreneur in business venture?
a. Resume b. portfolio c. business plan d. insurance plan
6. The acronym SWOT analysis stands for?
a. Strengths- Weakness- Options- Timeliness
b. Strategies- Weakness- Operations- Time
c. Strengths- Weakness- Opportunities- Threats
d. Strong- Weak- Options- Tactics
7. It is a memorable phrase that provides customers with quick indicators of
product, brand and market position.
a. Logo b. Brand Name c. Tagline d. USP
8. What is the tagline of the famous bank in the Philippines- BDO?
a. Landbank b. BPI c. DBO d. Chinabank
9. The right to be protected against fraudulent/ dishonest/ misleading
advertisement/labeling promotion.
a. Right to redress c. right to representation
b. Right to safety d. right to consumer education
10. The key ingredient of entrepreneurship is?
a. Discoveries made c. innovation
b. Organization study d. service offered
11. Which of the following is not a market-oriented business definition?
a. To deliver new prices c. to make buying experience happy
b. To sell improvement tools d. to bring innovation
12. Which of the following statement is INAPROPRIATE in starting business?
a. Study the concepts and principles of entrepreneurial skills
b. Cope with other failures of the business
c. Undergo training on entrepreneurial skills
d. Know what characteristics are needed to become an entrepreneur
13. Which of the following is not a source of fund for Mr. Belasco’s future business?
a. Seek assistance from the central bank of the Philippines
b. Borrow money from friends and relatives
c. Avail of the government program on financing micro-macro business
d. Use part of his retirement benefit
14. Which of the following is the most effective way in naming your micro-business
product?
a. Memorable b. meaningful c. likable d. humorous
15. The financial record that tells you how much your business worth is
that_________.
a. Cash flow report c. income statement
b. Cash report d. balance sheet
16. Assets are something a business owns/ control. All of the following are
examples of assets EXCEPT:
a. Mortgage b. cash c. land d. equipment
17. It is also known as Profit and Loss Statement.
a. Statement of financial Position c. income statement
b. Balance Sheet d. assets
18. Which of the following is not appropriate in running a small-scale business?
a. Keeping clear records c. managing cash flows
b. Verifying profit and loss d. distribution channels
19. Menchie is busy working with other manager evaluating the product and
businesses making up to their organization. Menchie is engage in _____.
a. Portfolio analysis c. portfolio creating
b. Portfolio selecting d. portfolio identifying
20. This is considered as internal element of SWOT analysis.
a. Strength- Weakness c. Threats- Weakness
b. Opportunities- Strength d. Strength- Threats
21. This is considered as external element of SWOT analysis.
a. Strength- Weakness c. Weakness-Opportunities
b. Opportunities- Threats d. Threats- Strength
22. An analysis that provides the details for opportunities and threats of a business
to make better decisions regarding marketing plan is termed__________.
a. Environmental analysis c. Competitor analysis
b. SWOT analysis d. FAB strategy
23. What do you call the right of consumer that focuses in protecting each
consumer against the marketing of goods or the provision of services that are
hazardous to health and life?
a. The right to basic needs c. the right to information
b. The right to safety d. the right to choose
24. When a customer pays cash upon delivery of the goods to their homes, this is
known as_________.
a. Cash on hand c. Cash on delivery
b. Cash on bank d. cash take sale
25. When creating a brand name, it is very significant that your brand name would
be EXCEPT ONE ____________.
a. Memorable b. meaningful c. likable d. serious
26. It is a word that fulfill and satisfies that customer wants and needs is called?
a. Customer value c. customer needs
b. Customer services d. all of the choices
27. When is the best time to promote your products from the market with minimal
expenses?
a. Word of mouth c. flyers
b. Billboards d. affordable price
28. In SWOT analysis, this is somewhat resolve/ reduce in the business.
a. Strength b. Opportunities c. Weakness d. Threats
“We fuel success” is a famous slogan of what popular business in our country?
a. Caltex b. Petron c. shell d. Flying V
29. What financial reports reflect the net income sales?
a. Balance sheets c. statement of cash flows
b. Net income report d. income statement
30. What is the remainder after all expenses have been deducted from revenue?
a. Repair income c. net income
b. Gross income d. service income
31. The balance sheet provides information about__________.
a. All the sales of the firm
b. All the expenses of the firm
c. List of cash received and payment of the firm
d. List of all assets
32. What discounts should you offer to trade the customers.
a. High and low enough c. depends on the product
b. Medium price d. affordable price
33. Which of the following is the primary cause of failure in small business?
a. Poor financial control c. management mistake
b. Poor location d. improper inventory control
34. Which question is asked at the first stage in marketing planning process of
enterprise?
a. Where are we now? c. Are we on course?
b. Where are we heading? D. Where would we like to be?
35. Before starting a business, one should have a clear idea sometimes called a ____.
a. Descript of the project c. market feasibility
b. Details of the project d. rationale
36. An individual who can identify the various products or services with people
needs and deliver at the right time and place at the right price is______.
a. Capitalist b. entrepreneur c. contractor d. industrialist
37. An entrepreneur might select a target market probably because the target
market ___________.
a. Is attractive to the business and catch it supply capabilities
b. Is a large and well-served with existing product
c. Is firmly understood by the entrepreneur
d. Has a proven track record for buying product
38. John Smith, a world class management consultant, said that the first function of
a business enterprise is a economic performer.
Economic performer is measured in terms of________.
a. Affiliation b. popularity c. profit d. social approval
39. This method is also called as “cold turkey”.?
a. Referral c. cold canvassing
b. orphaned customer d. public exhibition
40. Which of the following is a mark of an entrepreneur who exudes self-
confidence?
a. Does not prioritize, embarrass and demean
b. Obeys just laws, exercises all democratic right and privileges
c. Is not scrupulous/ two face
d. Believes in himself and his own abilities
41. An electronic spread sheet is also known as _______.
a. Balance sheet c. graph
b. Data base d. worksheet
42. Which of the following best explains why goal-setting is important especially in
entrepreneurship?
a. It assures him of being able to attain his objectives
b. It helps make more enjoyable and satisfying
c. One is much more likely to get what he/she wants and if he is willing to
work for it.
d. It tells what is important to you
43. What is the meaning of first E in the ESCAPED strategy?
a. Economy c. eco-friendly
b. Ecology d. entreprenuerial
44. It is important because consumer can make a purchase decision based on how
products and services are branded.
a. Brand b. tagline c. logo d. None of the above
45. In sales process, it is otherwise known as “planning stage”.
a. Approach b. presentation c. pre-approach d. closing
46. Which type of Marketing functions enables that actual flow of commodities
through space and time producer to consumer and their transformation to a
from desirable to a customer.
a. Specific functions c. physical functions
b. External functions d. facilitating functions.
47. RA 7394 is somewhat called as?
a. Consumer Act of the Philippines
b. Traders Act of the Philippines
c. Costumers Act of the Philippines
d. Buyers Act of the Philippines
 48. Which is not belong to the group?
a. Executive summary c. Feasibility Plan
b. Company Description d. Financial Plan
49. Primary target market is ____________.
a. The most important purchasers and users of your product and will be the
main-stay of your business
b. The possible future buyers but may have less money or fewer demands for
your product.
c. The possible buyers that will buy your product because of its low price.
d. All of the above
50. An entrepreneur primary motivation for starting a business is
a. To make money c. to be famous
b. To be independent d. to be powerful

Prepared by:
MICHAEL ERVIN C. GUERZON
SHS Teacher II