Republic of the Philippines

Department of Education
CARAGA ADMINISTRATIVE REGION
CITY DIVISION OF TANDAG
TANDAG NATIONAL SCIENCE HIGH SCHOOL

Business Enterprise Simulation (ABM 12)

Third Quarter Examination
SY: 2024-2025
Directions: Read the questions comprehensively. Choose the letter of the BEST answer. Write your answer on a ½
lengthwise sheet of paper.
scan the market and identify potential business opportunities to capitalize on
Remembering
1. What do you call a tool that helps you analyze business issues and structure your thinking?

A. Business enterprise C. Business plan

B. Business framework D. Business statements

2. Which of the following describes the process of gathering, analyzing, and dispensing information
for tactical or strategic purposes?

A. Business scanning C. Industry scanning

B. Environmental scanning D. Market scanning

Understanding
3. Environment in the community can be viewed according to all factors EXCEPT:

A. Economic C. Preference
B. Political D. Technological

4.What type of analysis an analytical framework that can help a business meet its challenges and identify new
markets?

A. MOST Analysis C. Porter’s Five Forces Analysis

B. PESTEL Analysis D. SWOT Analysis

Analyzing
5. Which of the following factors in SWOT analysis are considered negative factors because can be harmful for
your business and prevent your business success?

A. Strengths and weaknesses C. Strengths and opportunities

B. Opportunities and threats D. Threats and weaknesses

Evaluating
6. Lenny started a piggery business in her backyard. However, her neighbors started to complain about her business
and they petitioned to the barangay to have her business closed. Which factor in the SWOT analysis is this?

A. Strength C. Opportunity
B. Weakness D. Threat

use appropriate analysis framework and methodology in choosing a product which is feasible in terms of the
market, operations and financials;
Remembering
7. The letter “O” in SWOT analysis stands for __________.

A. Objectives C. Outcomes
B. Opportunities D. Output

8. What factors the strengths and weaknesses from SWOT analysis?

A. External C. Internal
B. Extrinsic D. Intrinsic

9. The following are among the Porter’s five forces of competitive analysis EXCEPT:
 A. Buyer power C. Possibility of substitution
B. Number of customers D. Supplier power

10. What do you call this terms serves as a protection from monetary loss or hardship?
A. Insurance C. Remittance
B. Loan D. Secured loan

Understanding
11. What type deposits earns a fixed interest rate when it each maturity?
A. Checking account C. Time Deposit
B. Remittance D. Unsecured loan

12. What type of loan requires a borrower to pledge an asset (such as a house or land) as a collateral for the loan?
A. Interest C. Secured loan
B. Stock D. Unsecured loan

13. Which of the following terms refer to transfer funds from one person to another (local or international) via a
bank facility?
A. Insurance C. Remittance
B. Loan D. Secured loan

14. Which of the following terms refer to the ability to provide products and services as or more effectively and
efficiently than the relevant competitors?

A. Competitiveness C. Profitability
B. Innovation D. Success

Applying
15. Jean plans to put a digi-print studio in their locality. Which of the following will help her determine her plans
for a success in setting up of her business?

A. Checking of similar business to avoid competition

B. Conduct a SWOT analysis
C. Getting feedback on the quality of service
D. Survey of consumer associations

16. John owner of the Massage and Spa shop, discovered a new shop opened within their community which offers
traditional hilot massage. Which among Porter’s five forces is this related to?

A. Buyer power C. Supplier power

B. Number of competitors D. Threat of substitute

Analyzing
17. Arvin’s supplier increased the price for Tea, which is the main ingredient for his milk tea shop. However, since
there are no other suppliers for Tea, Arvin has to agree with the supplier’s increase in price. What does the
statement describe above?

A. Buyer power C. Possibility of new entrants

B. Competitive rivalry D. Supplier power

18. Which of the following statement is NOT correct about Securities?

A. These are government issued and are sold by the government to raise funds.
B. These are fungible and tradable financial instrument.
C. When you store money in a savings account.
D. It is a form of treasury bill, notes and bonds.

Creating
19. How do you create and use business objectives?
A. Use the SMART format to create effective objectives.
B. Work through each objective based on your standard.
 C. Outline is not necessary to achieve the goal.
D. Create your objectives based on the market
choose the appropriate methodology (research, sampling and data processing) in determining the demand and
market acceptability of proposed product
Remembering
20. What type of loan does not require any collateral from the borrower and issued based only on the borrower’s
creditworthiness?
A. Interest C. Secured loan
B. Stock D. Unsecured loan

21. In this arrangement, the borrower promises to pay the money and its interest at an agreed period of time. Which
is described as?
A. Insurance C. Remittance
B. Loan D. Secured loan

22. All are the ability to search and discover business opportunities, Except.
A. Experience and exposure C. Special alertness
B. Knowledge and skills D. Miscommunication

23. This can be the form of treasury bill, notes and bonds.
A. Securities C. Money
B. Cash D. Accounting
Understanding
24. What factors influence the characteristics of consumers?
A. Personal and Social C. Political and Social
B. Cultural and Personal D. Economic and Political

25. Which of the following terms a strategy where you identify major competitors and research their products, sales,
and marketing strategies?

A. Business analysis C. Industry analysis

B. Competitive analysis D. Product analysis

26. What type of porter’s five forces when investors see that a market is profitable, they will desire to join the
bandwagon and get a share of the profits?

A. Buyer power C. Possibility of new entrants

B. Competitive rivalry D. Supplier power

27. Which of the following terms refers to a form of investment that can be purchased through the Philippine Stock
Exchange?
A. Exchange C. Interest
B. Investment D. Stocks

Applying
28. What makes a consumers choose a product or services?
A. the buying behavior of a consumer is influenced by four major factors cultural, social, personal
and psychological.
B. The customers choose a products based on thier wants and financial status
C. based on the acquisition of knowledge, information and experience.
D. Market competition help consumers to buy their needs.

29 Which of the following statement is CORRECT about methodology in business plan?

A. This is all about the research sampling and data gathering in business.
B. It is the application on how you create a business name.
C. It is just sa simply a technique in creating objectives.
D. It is how you analyze your strategy.
Analyzing
30. It means that there are other players in the market other entities selling similar or the same products.
A. Competition C. Strategies
B. Marketing D. Financial

31 At a higher price, a consumer is less willing to purchase a good. At a lower price, the produce is more willing to
purchase a good. Which of the terms describes?
A. Demand slope C. Law of demand
B. Law of supply D. Supply slope

Evaluating
32. What benefits does Porter’s Five Forces analysis provide?
A. It helps organizations to understand the factors affecting profitability in a specific industry.
B. It holds some type of monetary value.
C. Rights to ownership as represented by an option.
D. realized in the form of shares of capital stock

Draw conclusions and formulate recommendations

Remembering
33. When you pay bills and make purchases using a debit card or paper checks instead of paying cash. What does
the statement describe?
A. Checking Accounts C. Secured loan
B. Remittance D. Time deposit

34. Which of the following terms refers to an ideal group of prospective customers for a specific product or service
who share common characteristics that influence their buying behaviors?
A. Brand essence C. Market trends
B. Competitive landscape D. Target Market
Understanding
35. Which of the following words refer to focus on assignments in business enterprise planning, as well as in
execution and implementation of the business plan?
A. Accounting Management C. Organization and Management
B. Enterprise Simulation D. Principle of Marketing
Applying
36. How do you identify your target market?
A. Apply phase 1, phase 2 and phase 3 of business proposal
B. Survey, Interview and Research Provider.
C. Research, Execution and Documentation
D. Execuation, Survey and Implementation.
Evaluating
37. Purchase based on the emotional responses to product and promotions. What does the statement mean?
A. Business management C. Marketing strategies
B. Consumer buying behavior D. Sales startegy
prepare a strategic plan outlining the competitive environment and focusing on the appropriate competition strategy
Remembering
38. What do you call an activity where an optimum for some problem is searched for, while this is not usually the
aim of an educational game?
A. Simulation C. Management
B. Marketing D. Promoting

39. Which of the following terms refer as a situation that enables an entrepreneur to offer marketable products or
services to interested buyers or end users?
 A. Accounting C. Operation
B. Marketing D. Opportunity

40. What is the purpose of sales strategies?

A. to create the most effective path for turning interested prospects into paying customers.
B. a sales strategy may also address tactics for turning one-time customers.
C. changes to your budgets, tools, or team.
D. Both A & B

41. Who is responsible for marketing and sales strategies?

A. CMO or VP of marketing C. Receptionist

B. Clerk D. Secretary
Understanding
42. An agreement in which a person makes regular payments to a company and the company promises to pay
money if the persons is injured or dies, or to pay money equal to the value of something (such as a house or car)
it is damaged, lost or stolen. Which of the terms describes above?
A. Insurance C. Secured Loan
B. Security D. Unsecured loan

43. It is pertaining to the goods, product or services that an organization

produces.
A. Demand C. Law of demand
B. Remittance D. Supply

44. When the price lessens, the demand for the product or services increases. What do you call this process?
A. Law of demand C. Product and Services
B. Law of Supply D. Simulation Process
Applying
45. How should you document your marketing and sales strategies?
A. You should revisit strategic plans often to make sure your marketing efforts and sales processes
align with business objectives.
B. There should also be a focus on promoting the brand
C. Identify the right programs and advertising
D. Through Marketing channel strategy

46. Which of the following statement is CORRECT about the sales and marketing roadmaps?
A. This is usually true unless the sales team drives a significant percentage of its own opportunities
B. Useful for capturing strategy and aligning goals to your day-to-day work.
C. It will promote its product or service
D. Most on ease of buying location.

47. It might be helpful to try analyzing your position in the market by performing a SWOT analysis. What does the
statement describe above?
A. Competitive analysis C. Maket Growth
B. Market Research D. Market Trend
Analyzing
48. What business process of creating relationship with and satisfying customers?
A. Operation C. Marketing
B. Objectives D. Simulation

49. How should you build marketing and sales strategies?

A. A successful marketing strategy requires constant communication.
 B. Marketing strategy to adjust based on any changes.
C. marketing team helps drive it.
D. Supports by all competitors.
Evaluating
50. Ben is conducting a feasibility study for a new venture idea. Which of the following questions should Ben
answer in terms of the venture's financial considerations?
A. How will the business obtain the money it needs?
B. What regulations is the business likely to encounter?
C. Is there a real demand for the idea, good, or service?
D. How will the business communicate information about its products?