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    First Asian International Systems College, Inc

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    Melanie Miranda
    This document appears to be a quiz on entrepreneurship concepts for a third quarterly examination. It contains multiple choice, true/false, identification, and essay questions testing understanding of key entrepreneurship terms and ideas. Some of the topics covered include the definition of entrepreneurship, the purpose and components of a business plan, characteristics of successful entrepreneurs like risk-taking and innovation, and myths related to entrepreneurship.

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    First Asian International Systems College, Inc

    Uploaded by

    Melanie Miranda
    117 views4 pages
    This document appears to be a quiz on entrepreneurship concepts for a third quarterly examination. It contains multiple choice, true/false, identification, and essay questions testing understanding of key entrepreneurship terms and ideas. Some of the topics covered include the definition of entrepreneurship, the purpose and components of a business plan, characteristics of successful entrepreneurs like risk-taking and innovation, and myths related to entrepreneurship.

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    ENTREPRENEURSHIP_3RD_PERIODICAL_TEST[1]

    Original Title

    ENTREPRENEURSHIP_3RD_PERIODICAL_TEST[1]

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    This document appears to be a quiz on entrepreneurship concepts for a third quarterly examination. It contains multiple choice, true/false, identification, and essay questions testing understanding of key entrepreneurship terms and ideas. Some of the topics covered include the definition of entrepreneurship, the purpose and components of a business plan, characteristics of successful entrepreneurs like risk-taking and innovation, and myths related to entrepreneurship.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    117 views4 pages

    First Asian International Systems College, Inc

    Uploaded by

    Melanie Miranda
    This document appears to be a quiz on entrepreneurship concepts for a third quarterly examination. It contains multiple choice, true/false, identification, and essay questions testing understanding of key entrepreneurship terms and ideas. Some of the topics covered include the definition of entrepreneurship, the purpose and components of a business plan, characteristics of successful entrepreneurs like risk-taking and innovation, and myths related to entrepreneurship.

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    FIRST ASIAN INTERNATIONAL SYSTEMS COLLEGE, INC.

    2nd & 3rd Flr., Agustin Bldg., Poblacion, Cabiao, Nueva Ecija
    Partnership with San Antonio High School, Poblacion, Cabiao, N.E.
    Tel. No. (044) – 333 – 1462

    THIRD QUARTERLY EXAMINATION


    ENTREPRENEURSHIP

    Name: _____________________________Grade: __________________ Date: ______________


    Instructor: Ms. Melanie D.R. Miranda
    General Direction: Read carefully each sentence/phrases given. Write on the blank provided the concept being
    describe/discuss.
     Huwag kang lilingon sa katabi mo, baka magkatitigan pa kayo ma-inlove ka pa…Eww di’ba?
     Mas madali tong sagutin kesa sa tanong ng manlolokong gf/bf mo sa’yo na “Mahal mo pa ba ako?”
     DO NOT CHEAT. Naranasan mona ang maloko. ANG SAKIT DI’BA? All caps yan para ramdam mo.
     Relax ka lang. EXAM lang to. Mas malaki ang chance na pumasa ka dito kesa pumasa sa puso ng crush mo.
    Take note: Wrong spelling will NOT be given a point and ERASURES are NOT accepted.

    I. IDENTIFICATION: Identify what is being defined or described. (15 pts.)

    ____________________1. It is a formal statement of business goals, reasons they are attainable, and plans for
    reaching them.
    ____________________2. Entrepreneurship the advent of new venture particularly small ventures in order to
    materialize the innovative ideas of the entrepreneurs.
    ____________________3. A businessman or woman must be able to guide others in carrying out business and
    make a success of it.
    ____________________4. A businessman or businesswoman has to be sure of him or herself about reaching the set
    targets of success.
    ____________________5. Entrepreneurship is innovation and hence the innovated ideas of goods and services
    have to be tested by experimentation.

    ____________________6. It is considers those who have no option other than to go into business for themselves.
    ____________________7. A businessman or woman must be willing to undertake any matters concerning their
    business venture.
    ____________________8. Entrepreneurship firms contributed a large share of new jobs. It provides entry-level jobs
    so necessary fur training or gaining experience for unskilled workers.
    ____________________9. It is exist at all times, because people need goods and services to survive.
    ____________________10. It is one who organizes, manages, and assumes the risks of a business or enterprise.
    ____________________11. Who’s Austrian economist said the definition of entrepreneurship placed an emphasis
    on innovation, and the creation of new products, new production methods, new markets, and new form of
    organization
    ____________________12. The word Entrepreneur is derived from the French word , which means
    “to undertake.”
    ____________________13. Entrepreneurship is the nursing ground for new inexperienced adventurists.
    ____________________14. The collapse of large industry almost has irresistible damage to the development of
    state and to the state of economy and to the financial condition of the relevant persons.
    ____________________15. It has traditionally been defined as the process of designing, launching and running a
    new business, which typically begins as a small business, such as a start-up company, offering a product,
    process or service for sale or hire.

    II. MODIFIED TRUE OR FALSE


    Direction: Write TRUE if the statement is correct but if it’s FALSE, change the underlined word or a
    group of words to make the whole statement true.
    ____________________1. Entrepreneurs start new businesses and take on the safety and rewards of
    being an owner.
    ____________________2. Entrepreneurs you need to be hard-working, smart, creative, willing to take
    risks and good with people.
    ____________________3. We need a business plan to serve as an one-time guide for the proponent or
    entrepreneur.
    ____________________4. A business plan is a written document that describes in detail how a business,
    usually a new one, is going to achieve its goals.
    ____________________5. Planning must start with bigger projects.
    ____________________6. Preparing a business plan is easy.
    ____________________7. We need a business plan to determine/estimate the detailed technical and
    financial requirements.
    ____________________8. We need a business plan to show general picture of the business project.
    ____________________9. We need a business plan to serve as a instructions in implementing the
    business or project.
    ____________________10.Entrepreneurship is a science of converting ideas into business.

    III. MULTIPLE CHOICE


    Direction: Choose the letter of the correct answer and write it on the blank provided at the left side of the
    test paper.

    a. LEADERSHIP QUALITIES h. CONFIDENT


    b. WILLINGNESS i. DECISIVE
    c. UNPLANNED STAGE j. BUDGETING SYSTEM STAGE
    d. RISK-TAKING k. ENTERPRISING
    e. INNOVATIVE l. PLANNING MUST BE REALISTIC
    f. ANNUAL PLANNING STAGE m. STRATEGIC PLANNING STAGE
    g. PLANNING MUST BE FLEXIBLE n. PLANNING MUST BE BASED ON FELT NEEDS

    _____1. A businessman or woman must be willing to undertake any matters concerning their
    business venture.
    _____2. As the business enterprise becomes bigger, a long range planning is needed.
    _____3. A businessman or woman must be able to guide others in carrying out business and
    make a success of it.
    _____4. The owner-manager realizes the need to develop and use a budgeting system,
    estimated income I made to facilitate the orderly function of the growing enterprise.
    _____5. Planning should be adjusted to such changes to be effective and relevant.
    _____6. New ideas help make a business venture successful.
    _____7. His entire attention is devoted to the daily operations of his business in his intense
    desire to survive.
    _____8. It must be based on the available resources: human, financial, and physical resources.
    _____9. Business involves many risks, which a business person must not hesitate to take.
    _____10. A businessman or businesswoman has to be sure of him or herself about reaching the
    set targets of success.
    _____11. The owner-manager drafts an plan. He can use either the top down planning
    or bottom up planning.
    _____12. The objectives of an entrepreneur should fit the needs of the people in a community.
    _____13. He or she has to take many decisions sometimes on the spur of the moment.
    _____14. One has to be in order to achieve significant results in business.

    IV. ENUMERATION

    a) 3 KEY MYTHS IN ENTREPRENEURSHIP


    1.____________________________________________________
    2.____________________________________________________
    3.____________________________________________________

    b) 7 STEPS IN BUSINESS PLANNING


    1. ____________________________________________________
    2. ____________________________________________________
    3. ____________________________________________________
    4. ____________________________________________________
    5. ____________________________________________________
    6. ____________________________________________________
    7. ____________________________________________________

    c) 4 INTERPERSONAL COMPETENCIES
    1. 3._____________________________
    2. 4._____________________________

    d) 4 BUSINESS COMPETENCIES
    1. 3._____________________________
    2. 4._____________________________

    Set B
    e) 4 COMPONENTS OF BUSINESS PLANNING
    1. 3._____________________________
    2. 4._____________________________

    V. ESSAY (5PTS.)

    1. EXPLAIN THE QUOTATION OF Lloyd Shefsky ‘’Entrepreneur have to be born, not made’’ ?

    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________

    2. IN YOUR OWN OPINION WHAT IS THE IMPORTANT OF CREATING BUSINESS PLAN

    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________

    3. Write your HUGOT LINES about BUSINESS.

    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________
    __________________________________________________________________________________

    “If you believe in yourself anything is possible.”


    Set B
    BEST OF LUCK FOR EXAM

    Set B

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