Republic of the Philippines

Department of Education
REGION II – CAGAYAN VALLEY
SCHOOLS DIVISION OF CAGAYAN
BAGGAO NORTH DISTRICT
BAGGAO NATIONAL AGRICULTURAL SCHOOL
FIRST QUARTERLY EXAMINATION
ENTREPRENEURSHIP
"One of the huge mistakes people make is that they try to force an interest on
themselves. You don't choose your passions; your passions choose you."
- Jeff Bezos
Name: _______________________________ Date: ___________
Section: ______________________________ Score: __________

I. MULTIPLE-CHOICE:
Directions: Read each sentence carefully. Choose the letter of your choice from
the options provided. All types of ERASURES are considered wrong.

1. Jose completed a brief curriculum in NC II bread and pastry production,

which involves baking various breads. He made the decision to open his own
baking establishment after completing the program. What type of entrepreneur
that best described to Jose?
a. social entrepreneur
b. hustler entrepreneur
c. scalable startup entrepreneur
d. small business entrepreneur
2. When it comes to communication, s/he prefers to deal with issues and
questions pertaining to the company by speaking only to one of the employees.
a. supervisor b. owner
c. manager d. entrepreneur
3. This trait of an entrepreneur shows that he or she makes an extra effort to
cultivate relationships with his or her potential customers, employees,
partners, and suppliers that would help the business succeed.
a. synergy b. heart flame c. gut game d. passion
4. Arrange the following process when creating a new business.
i. research ii. testing iii. launch iv. Design
v. idea generation vi. screening
a. iv, ii, vi, i, iii, v b. v, vi, i, iv, ii, iii
c. iv, vi, i, iii, v, ii, d. v, ii, iii, vi, i, iv
5. What section of the business plan should the mission and vision be stated in
as an important component of establishing a business that acts as the
direction of a company?
 a. chapter 1 b. chapter 2 c. chapter 3 d. chapter 4
6Marian had a strong intestinal fortitude but desired to run its own business
without using any of the five senses. A Marian is...
a. risk taker b. heart flamer

c. gut gamer d. positive thinker

7. This refers to the process or technique of converting raw materials to
finished goods.
a. materials b. machine
c. method d. manpower
8. The venture's ownership structure—sole proprietorship, partnership, or
corporation—is described in this plan. It also includes the various personnel
that the business owner needs, along with their appropriate qualifications.
a. chapter 1 b. chapter 2
c. chapter 3 d. chapter 4
9. It is the process of establishing financial guidelines for the acquisition,
administration, and management of an organization's financial resources.
Additionally, money must be employed to make the firm practical and
operational.
a. operational plan b. organizational plan
c. marketing plan d. financial plan
10. In what section of article xii highlights the role of private enterprises in
supporting equitable distribution of income and wealth, sustaining production
of goods and services and expanding productivity, therefore raising the quality
of life?
a. 1 b. 2 c. 3 d. 4
11. Among the 4m’s of production, one of these refers to the raw materials
needed in the production of a product.
a. materials b. machine
c. method d. manpower
12. To earn at least some money, Robin applied to be a rider to transport items
online. Robin is regarded as...
a. social entrepreneur
b. hustler entrepreneur
c. scalable startup entrepreneur
d. small business entrepreneur
13. What kind of businessperson would replicate an old product while adding
new features?
a. buyer entrepreneur
b. imitator entrepreneur
c. innovative entrepreneur
d. cautious entrepreneur
14. Liza has always wanted to create a new, high-end watch product with
capabilities that other brands don't, such as the ability to record daily
conversations, alert users of daily activities, access online banking, manage
and monitor someone else's home, and other features. What entrepreneurial
mind best encapsulated Liza?
a. business mind b. technical mind
c. creative mind d. mind frame
15. This part of the business plan describes how the product/s and/or
service/s will be known to the market, especially to the target clients.
a. operational plan b. organizational plan
c. marketing plan d. financial plan
16. This refers to the total value of all the goods and services produced by the
residents and businesses of a country, irrespective of the location of
production.
a. economy
b. gross national product
c. culture
d. technology
17. Which of the following should not be considered while creating a business
plan?
a. consumer b. lawyer
c. accountant d. consultant
18. A business plan is defined as a written document prepared by the
entrepreneur that involves both internal and external elements in starting a
new venture. Which of the options provided best represents the underlined
word?a. employees b. owner
c. partners d. suppliers
19. In crafting a business plan, who among the following should read the plan
only except:
a. investors b. customers
b. advisors d. competitors
20. How many companies are owned by Mr. Richard Brandon's company
globally?
a. 300 b. 400 c. 500 d. 600
21. The world-famous brands like Amazon, Google, and Shopify are owned by
what type of entrepreneur?
a. social entrepreneur
b. hustler entrepreneur
c. scalable startup entrepreneur
d. small business entrepreneur
22. Big earnings or unrestricted money aren't a worry for this kind of
entrepreneur. Instead, they are dedicated to promoting social good.
a. social entrepreneur
b. hustler entrepreneur
c. scalable startup entrepreneur
 d. small business entrepreneur
23. Before starting her firm, Ms. Berta wishes to create her own goods that are
supported by evidence, statistics, and reason. What type of entrepreneur is Ms.
Berta?
a. digital nomad b. cautious
c. buyer d. large entrepreneur
24. Mr. Martin is an online instructor who works from home. Outside of the
real classroom, he teaches his students through online platforms. What type of
entrepreneur is Mr. Martin?
a. digital nomad b. cautious
c. buyer d. large entrepreneur
25. The owner of Gamboa Grocery wants to migrate to the USA for good and
instead of closing the business they want to sell the business to someone who
is willing to continue operating the business. If you are interested in this, you
are considered to be…
a. digital nomad b. cautious
c. buyer d. large entrepreneur
26. The flow of goods and services from manufacturing to the final consumer is
described in this section of the business plan.
a. operational plan b. organizational plan
c. marketing plan d. financial plan
27. In Chinese writing, the word crisis is composed with two characters these
are…
a. danger & opportunity b. failure& opportunity
c. good & success d. danger & failure
28. This is a special form of product that is intangible, value-added services
that a business offers to its clients.
a. product b. extra service
c. activities d. service
29. In business, intangible assets that cannot be seen or touched. Which of the
following can be an example of an intangible asset?
a. machine b. vehicle c. building d. internet
30. The following are the three perspectives that an entrepreneur should
consider when preparing a business plan only except:
a. perspective of an entrepreneur
b. marketing perspective
c. perspective of the competitors
d. perspective of the investors
31. An entrepreneur who is committed to solving a business problem or
reinventing a product or service exhibits a ________________.
a. openness to experimentation
b. creativity
c. suspicion of predictions
d. functional humility
32. What quality defines an entrepreneur who is motivated by the enviable
ability to identify market gaps and create solutions to address them?
a. openness to experimentation
b. creativity
c. suspicion of predictions
d. functional humility
33. Someone who has an idea and who works to create a product or service
that people will buy, as well as an organization to support that effort is called
_____________.
a. buyer b. entrepreneur
c. supplier d. manager
34. In the midst of a crisis or challenging scenario, this enables the
entrepreneur to view things in a highly positive and hopeful manner.
a. business mind b. technical mind
c. creative mind d. mind frame
35. The most important component of product quality is the capacity to have
trial and error with materials, procedures, and results, regardless of the
direction that the results may take. This connotes one of the characteristics of
an entrepreneur and that is?
a. openness to experimentation
b. creativity
c. suspicion of predictions
d. functional humility
36. Once you are business-minded, you are also expected to have this mindset
that aside from the knowledge this becomes useless when you don’t have the
capability to convert this to highly functional or operational. Thus, it suggests
that you should possess…
a. business mind b. technical mind
c. creative mind d. mind frame
37. As they conduct their due diligence and study and only move forward with
their plans when they are confident they will succeed; this type of entrepreneur
is also referred to as a researcher entrepreneur.
a. digital nomad b. cautious
c. buyer d. large entrepreneur
38. The owner of Microsoft is considered to be…
a. digital nomad b. cautious
c. buyer d. large entrepreneur
39. A filipino entrepreneur and engineer by profession who created the PC
chipset and the Windows Graphics accelerator chip.
a. Diosdado Binarao b. Diosdado Bunuan
c. Diosdado Banatao d. Diosdado Danao
40. He defines entrepreneurship as the process of discovering new ways of
combining resources.
a. Russel S. Sobel b. Diosdado Binarao
c. Mark Zuckerberg d. Henry C
41. In identifying customers’ needs creates satisfied customers, satisfied
customers are more likely to have a reason to take legal action. Customers’
demands aren’t clear about what they need and don’t know what they want.

a. the 1st statement is true

b. the 2nd statement is true
c. both statements are true
d. both statements are false
42. The Huyndai logo looks like the letter H that represents three people. The
apple logo was accidentally bitten that sounds like the computer term bike.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
d. both statements are false
43. In the logo of Amazon the orange arrow is similar to a smile. The Toyota
logo was based on the needle tip.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
d. both statements are false
44. The LG logo is stylized with an animal face. The Evernote logo design is
derived from the nose of the elephant.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
d. both statements are false
45. Large corporations are considered to be an opportunity for other
entrepreneurs. In business, if the venture is a form of partnership, the term
partnership should not be emphasized.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
d. both statements are false
46. In planning a business, entrepreneurs should only respond to the needs of
customers who cater to at least one season. Governments’ programs, projects,
and policies are good enough sources of ideas for creating a business.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
d. both statements are false
47. Products do not only include tangible goods. Services are intangible
products that aren’t seen or touched but we can feel it.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
 d. both statements are false
48. In the world of business, entrepreneurs must be sure that the idea they
choose has the same interest in the marketplace. Customers have the same
needs.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
d. both statements are false
49. Perishable goods are those that have a longer time to use. While
imperishable goods will last for a short period of time.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
d. both statements are false
50. Toblerone is the most famous chocolate in the Australia. The logo has a
silhouette of an animal.
a. the 1st statement is true
b. the 2nd statement is true
c. both statements are true
d. both statements are false

II. WORD ANALOGY:

Directions: The analogies below are the world-famous entrepreneurs with their
brands that consist of more than one-word pairs. Look at the first pair and
decide how the words relate to each other (vice-versa), then select the word/s
from the choices provided so the second pair of words has the same
relationship (vice-versa). Choose only the letter of your choice from the options
provided. All ERASURES are regarded as being incorrect.

51. ________________________: Alibaba:: Oprah Winfrey: Oprah Winfrey Show

a. Shiv Nadar b. Jack Ma
c. Mukesh Ambani d. Steve Ballmer
52. Ratan Naval: ______________________:: Jack Dorsey: Twitter
a. virgin group b. zerodha
c. tata group d. hlc
53. Vijay Sharma: eCommerce Payment System: __________________: NBA
a. Adolf Dassler b. Jack Ma
c. Mukesh Ambani d. Steve Ballmer
54. Larry Page: Google:: ___________________: Adidas
a. Adolf Dassler b. Jack Ma
c. Mukesh Ambani d. Steve Ballmer
55. Mark Zuckerberg: Facebook::__________________: OYO Rooms
a. Jeff Bezos b. Richard Branson
c. Larry Ellison d. Ritesh Agarwal
56. ________________________: Oracle::Elon Musk: SpaceX
 a. Jeff Bezos b. Richard Branson
c. Larry Ellison d. Ritesh Agarwal
57. Steve Jobs: Apple:: Nitin Kamath:____________________.
a. virgin group b. zerodha
c. tata group d. hlc
58. Reliance Industries: Mukesh Ambani::__________________: The Principles
a. Adolf Dassler b. Jack Ma
c. Rey Dalio d. Steve Ballmer
59. ________________________: Microsoft::Elon Musk: Tesla
a. Jeff Bezos b. Richard Branson
c. Larry Ellison d. Bill Gates
60. Adam D’Angelo: Q & A Platform::_________________: Vigin Group
a. Jeff Bezos b. Richard Branson
c. Larry Ellison d. Ritesh Agarwal
III. MODIFIED TRUE OR FALSE:
DIRECTIONS: Read and analyze each statement then identify if the statement
is TRUE. If the statement is incorrect write FALSE after which, write the
word/s that makes the statement wrong. (2-pts)
61. Not every entrepreneur needs capital to write an effective business plan.
62. Entrepreneur is a key driver of our economy.
63. In business, competitors are considered to be the greatest opportunity.
64. People’s interest is a good source of entrepreneurial ideas.
65. To be a successful entrepreneur, you must learn how to choose and provide
the good products or services according to your preference in a competitive
market.
66. According to Tracy, you begin with self-analysis before you have the
product
or service in mind.
67. To ensure customer happiness and loyalty, understanding customers'
demands are crucial.
68. A person who works for an organization does not have the opportunity to
launch their own business.
69. Any discovery or application of cutting-edge technology may present
commercial chances to someone with entrepreneurial interests. 760. It is
crucial that the entrepreneur talks about ways to maximize, prevent, or
address potential dangers to the company.

Prepared by:

ERIC B. AGOYAO
Subject Teacher