GOVERNOR FERRER MEMORIAL INTEGRATED NATIONAL HIGH SCHOOL

Pinagtipunan, City of General Trias, Cavite

FIRST QUARTER EXAMINATION

(ENTREPRENEURSHIP, ATS 6)

NAME: _______________________________________ GRADE & SECTION: _______________

TEACHER: _______________________________________ DATE: ________________

Multiple Choices:
Directions: Choose the letter of the correct answer the write the chosen letter on a separate sheet of paper.

__1. Entrepreneurship derived from the two French words entre and predre. What are the English translations of the two
French words in the statement?
A. Between & intake B. Between & To take C. In between & Intake D. In between & to take

__2. Entrepreneurship is described as a proactive process of creating a profitable business venture. Aside from the given
statement, which of the following also described entrepreneurship?
A. Creating and walking a business around the opportunity
B. Evaluating its risks and rewards through careful observation of the operations
C. It entails outlooking for market opportunities
D. All the above

__3. Which of the following is also known as “Corporate Entrepreneur”?

A. Entrepreneur B. Extrapreneur C. Intrapreneur D. Ultrapreneur

__4. Who among the given options is an enterprising or entrepreneurial person, his innovations start within the organization
and may have an impact on organizations from which he or she is not directly descended?
A. Entrepreneur B. Extrapreneur C. Intrapreneur D. Ultrapreneur

__5. Who among these people use their skills not only within their own organization but also outside of it, working with other
organizations, then applying what they’ve learned internally?
A. Entrepreneur B. Extrapreneur C. Intrapreneur D. Ultrapreneur

__6. A career in entrepreneurship which is present in almost all neighborhoods, offer nearby communities and affordable
basic retail products. What typical business is known as one of the simplest businesses to start up because it requires little
startup money and can be run from the owner's home?
A. Buy-and-sell business B. Food cart business C. Tutorial business D. Sari-sari store

__7. Which of the following businesses is made up of experts in a particular field who charge clients to benefit from their
knowledge and helps students who are behind in their studies or who simply want to get ahead in class?
A. Buy-and-sell business C. Tutorial business
B. Food cart business D. Video and photography business
__8. Theoretically, anyone can sell, even without a legitimate business. The growth of this industry has altered how Filipinos
exchange goods in the most effective and practical manner. Which of these choices known as one of the country's booming
industries, and it is conducted online as well as conventionally in brick-and-mortar stores?
A. Buy-and-sell business C. Tutorial business
B. Food cart business D. Video and photography business

__9. What type of business is usually found outside or inside of malls, schools, parks, and train stations offices, stations, etc.
Dumplings (siomai) boiled fertilized duck eggs, and quail eggs deep-fried in batter are common foods found in food carts
(tokneneng and kwek-kwek), burgers, fried noodles, shawarma, hotdogs, sandwiches, pizza, pastries, donuts, and fish and
squid balls. Sago't gulaman (tapioca pearls and jelly), soft drinks, mineral water, milk tea, and other beverages?
A. Buy-and-sell business C. Tutorial business
B. Food cart business D. Video and photography business

__10. Gartner (1990) identified 90 attributes that showed up in definitions of entrepreneurs and entrepreneurship provided
by entrepreneurs and other experts in the field. What attributes where individuals with entrepreneurial mindsets are often
drawn to opportunities and new value creation?
A. Activities C. Innovation
B. Creation of a not-profit business D. Starts an innovative venture within an established organization

__11. Who works within an existing business that they don’t own and be considered an entrepreneur?
A. Business minded person C. Innovator
B. Creator of a not-profit business D. Pioneering venture within an established organization

__12. What possible trait of an entrepreneur, if you have talents for acknowledging the chances and know how to assess
and decide intelligently?
A. Agent of Change C. Proactive
B. Have a sharp eye for opportunities D. Sociable

__13. Which of the following statements is NOT TRUE about risk takers?
A. They are willing to do things that involve danger or risk to achieve a goal
B. They do not just grab opportunities left and right
C. They push through with the venture and let the opportunity pass, if they think that there is a big chance of succeeding.
D. They will not be successful if they do not take risks

__14. What do you think is the MOST important competencies of an entrepreneur?

A. Agent of Change B. Have a sharp eve for opportunities C. Proactive D. Sociable

__15. According to the sayings of Simon Rogerson, in today’s challenging world, the real drivers and innovation are people
with bold and pioneering ideas. What common trait of an entrepreneur is explained in that saying?
A. Agent of Change B. Proactive C. Risk Taker D. Sociable
__16. Issues, problems, challenges must be addressed before they come rather than when they already happened. Which of
the following traits of an entrepreneur assessed the risk factors and plans in a timely and most efficient way?
A. Agent of Change B. Proactive C. Risk Taker D. Sociable

__17. Which of the following important career factors is generated actively and passively even when entrepreneur is resting?
A. Daily Task B. Leisure time and vacation C. Income D. Taxation

__18. What are the necessary variable tasks to establish and manage a start-up business, which are usually takes most of
the entrepreneur’s time; spend more hours on work than a regular employee and sometimes gets no sleep?
A. Memoranda for the business C. Both A & B
B. Preparation of policies and procedures D. None of the choices

__19. In hiring and firing, organizational setup, and major key result areas. Which of the subsequent options is NOT consider
as an advantage to the employer?
A. Can venture into expansion of business such as franchising and buying other similar businesses.
B. Fully responsible for serving customers, making the business profitable/sustainable and providing employee satisfaction
C. Has the power to disengage performing employees applying the due process policy of disengaging personnel
D. Provides job and conduct talent selection

__20. What should be the benefit of an employee in terms of comfort level at work?
A. Comfortable in doing multiple and challenging tasks C. Takes accountability with the risks and profits of the
business
B. Comfortable with routines and minimal risks D. Thinks outside the box or sometimes thinks there is no box

__21. What entrepreneurial process begins with the idea generation, wherein the entrepreneur identifies and evaluates the
business opportunities?
A. Developing a business plan B. Discovery C. Managing a company D. Resourcing

__22. What should be the major components of a business plan?

A. Benchmarking B. Goals and objectives C. Product itself D. Promotional strategies

__23. Which of the following entrepreneurial processes wherein the entrepreneur identifies the sources from where the
finance and the human resource can be arranged?
A. Developing a business plan B. Discovery C. Managing a company D. Resourcing

__24. What is the MOST promising framework for entrepreneurs that is used to come up with the ultimate product or
service suited for a specific opportunity?
A. 1 “S” of opportunity spotting and assessment C. 3 “S” of opportunity spotting and assessment
B. 2 “S” of opportunity spotting and assessment D. 4 “S” of opportunity spotting and assessment
__25. Which of the following steps in opportunity spotting and assessment is the MOST difficult process of all due to the
number of options that the entrepreneur will have to choose from?
A. Screening B. Seeking C. Seizing D. Servicing

__26. Micro market refers to the specific target market segment of a particular enterprise. These are the target customers
that represent the immediate customers of an enterprise. What should be the current needs and wants of potential
customers that should be discovered right away by a budding entrepreneur?
A. Interests B. Perceptions C. Preferences D. All the choices

__27. Business opportunities do not just come from outside forces, but also from within the entrepreneur. Which of the
following is NOT a source of business opportunity?
A. Capital B. Expertise C. Hobbies D. Skills & Talents

__28. Which of the following is NOT an example of Talents, Hobbies, Skills, and Expertise?
A. If the entrepreneur is an artist, why not sell his or her paintings?
B. If he or she is an expert in home interior design, why not make it his own house?
C. If he or she is a musician, why not put-up a bar and perform there?
D. None of the above

__29. Recognizing and understanding the vast sources of opportunities is one difficult activity to do. Also, the methods of
generating ideas may be overwhelming to undergo. Which of these activities described as “the mulling over of ideas by one
or more individuals in an attempt to devise or find a solution to a problem.”?
A. Brainstorming C. Focused group discussion (FGD)
B. Brainwriting or Internet brainstorming D. Problem inventory analysis

__30. What is the process of cautiously selecting the best opportunity.?

A. Screening opportunity B. Seeking opportunity C. Seizing opportunity D. Servicing opportunity

__31. Which of the following should take into considerations by the entrepreneur in screening the opportunities at hand and
it should only be devoted to worthwhile opportunities?
A. Capital B. Effort C. Resources D. Time

__32. As an entrepreneur, what do you think is the main reason why sometimes we should say no to an opportunity?
A. Does match with entrepreneur’s skills, resources, and risk appetite
B. Has superior value to customers
C. It is not a potential cash cow
D. Solve a compelling problem, issue, a need, or a want

__33. Which of the following opportunity in spotting and assessment is also known as “pushing through” where the
entrepreneurs should make the best out of this opportunity, and they should exert effort and full dedication for the success
of the new venture.?
A. Screening opportunity B. Seeking opportunity C. Seizing opportunity D. Servicing opportunity
__34. If you are referring to innovations occur ordinarily as the name implies and commonly originating from market analysis
and technology. What innovation according to the degree of distinctiveness is explains in the statement?
A. Breakthrough innovation B. Market Innovation C. Ordinary innovation D. Technological innovation

__35. In the concept stage, the developed idea will undergo a consumer acceptance test. This test includes getting the
initial reactions of the primary target market and the distribution channel. What is the purpose of both favorable and
unfavorable test results?
A. To be used to devise an acceptable product or service.
B. To get the initial reactions of the primary target market.
C. To identify the physical evidence and the characteristics of a service.
D. To understand consumer preference on physical characteristics and attributes of a product.

__36. Commercialization stage is where the business launches its promotion campaign for the new product. What do you
think are the important factors to consider in this stage?
A. Distribution B. Marketing sales C. Production D. All the choices

__37. In product development stage, the entrepreneur leverages the information generated from the prospective customers
via concept stage and the participant’s task is to critique the actual product. According to Hisrich in 2010, Which of the
following is NOT a method basis for consumers’ preferences?
A. Intensity of preference analysis C. Risk analysis
B. Level of repeat purchase D. Single brand comparison

__38. Which of the subsequent options is FALSE information about idea stage?
A. The entrepreneur determines what are the feasible products and/or services that will perfectly suit the opportunity.
B. The market evaluation is conducted by the entrepreneur to assess whether the new product or service ideas will be
accepted by the market using values and benefits to consumers as metrics.
C. The products and services that are appealing to the market should be eliminated at this stage.
D. The value of the new products and/or services should also be assessed if these will benefit the entrepreneur.

__39. What stage is validating the work done from the first three stages to measure success in the commercialization of the
products or services?
A. Concept stage C. Product development stage
B. Commercialization stage D. Test marketing stage

__40. 7P’s are employed until the entrepreneur finds the right combination that will most effectively serve the customer’s
needs and wants and at the same time achieve the profitability objective, but before there were only four original P's. Which
of the following belongs to the original P’s?
A. Packaging B. People C. Place D. Process

For numbers 41-47 (From the following key questions, you are to identify the 7P’s of Marketing)
__41. What is the most effective tool to be used to drive awareness and increase sales?
A. Price B. Processing C. Product D. Promotion

__42. What is the most compelling feature of the product or the business that will make a difference in the lives of the
customers and what sets the product or service from the rest?
A. People B. Place C. Processing D. Promotion

__43. What is the most appropriate for the opportunity, and why will customers buy or avail?
A. Place B. Price C. Processing D. Product

__44. What is the most appropriate cost or rate, and what rating strategies will be used for the target customers?
A. Price B. Packaging C. Product D. Promotion

__45. How would you be an asset to this organization, what are the basic skills needed for the job and what leadership style
will be applied?
A. People B. Place C. Processing D. Product
__46. What is best suited for the business where there are more potential customers can conveniently transact on-site or
online and how is the process distribution of products or performance of services?
A. Price B. People C. Place D. Price

__47. What is best for the product that is attractive enough to customers and cost efficient at the same time and what
physical evidence does the entrepreneur need to set up to sell service?
A. Price B. Packaging C. Product D. Promotion

__48. The main goal of promotion is to gain attention, when you have IMC, you can deliver powerful messages effectively.
What does IMC stand for?
A. Information Marketing Communication Plan C. International Marketing Communication Plan
B. Integrated Marketing Communication Plan D. Intrapreneurial Marketing Communication Plan

__49. The entrepreneur must choose the right promotion tools to deliver the messages to the target market. Based on the
survey conducted to all the marketers, what is the BEST or the MOST effective platform used for online advertisement?
A. Facebook B. Instagram C. TikTok D. Twitter

__50. The entrepreneur must list the criteria of the following job offers, as well as the requirements required for applicants.
What requirements allows you to feature the most prominent achievements in your professional life?
A. Academic background B. Attitude C. Job experiences D. Skills or expertise

__51. The process is the last addition in the marketing mix as marketers began to realize the importance of the internal and
external operations of the business to serve customers better. Which of the following internal processes are applied in the
back-office operation?
A. Post-processing B. Pre-processing C. Processing D. All the choices
__52. As an important element of a brand, the brand name is a major differentiator of the entrepreneur against the
competitors. Which of the following characteristics is BEST for the brand to be different and catchy?
A. Can describe the benefit of the product C. Extendable
B. Easy to remember D. Unique

__53. Who among the following scientists or political philosophers said, "If you fail to plan, you are planning to fail."?
A. Benjamin Franklin B. David Hume C. Immanuel Kant D. John Locke

__54. Which of the following statements is NOT a description of a business plan?

A. A written document describing a company's core business activities, objectives, and how it plans to achieve its goals.
B. A very important and strategic tool for entrepreneurs.
C. It does not help the entrepreneur to achieve short-term and long-term objectives.
D. It is not only helping entrepreneurs focus on the specific steps necessary for them to make business ideas succeed.

For numbers 55-60 (From the following statements, you are to identify the parts of a business plan)
__55. In order to develop a Business Plan, you must introduce the proponent, state the reason or inspiration of proposing a
new business venture, also write a short background or story of how you have come up with your business idea. What part
of the business plan is being described in the statement?
A. Business canvas B. Demand Gap C. Introduction D. Objectives and strategies

__56. An Opportunity Assessment plan, it focuses on the opportunity, not the venture. It will be the basis to make the
decision on whether to act on an opportunity or wait until another, better opportunity comes along. In preparation, how
opportunity assessment is similar to 7 P’s model of marketing?
A. Through Competition Analysis C. Through Industry Analysis
B. Through External Analysis D. Through Opportunity Analysis

__57. Which of the following is most likely a demand gap?

A. Acknowledging the estimated demand for your product on the first three years.
B. A place or area that the future businesses aren’t serving?
C. Gaps, which are opportunities, for the success of the business ventures.
D. It includes the internal assessment of the business

__58. To achieve your Mission and Vision, you need to carefully plan for your objectives and strategies. There are specific
steps that you and your company need to take to reach each of your goals. What do you need to use when you start
formulating your business objectives?
A. ARMTS objective B. MARTS objective C. SMART objective D. TRAMS objective

__59. Which of the following is an internal business document that lists the activities you must take within a certain
timeline, while running your business, to achieve a goal?
A. Action plan C. Demand Gap
B. Business and Product descriptions D. Objectives and Strategies
__60. What specific part of a business plan is known as the visual representation of a business model, where it highlights all
the key strategic factors?
A. Business canvas B. Demand Gap C. Introduction D. Objectives and strategies

-Good Luck-