LURAY II NATIONAL HIGH SCHOOL PASSED

Luray II, Toledo City

Summative No. 1.1

50 FAILED
Entrepreneurship SCORE

Name: _________________________________ Grade 12 Section: ____________ Date: June 27, 2017

I. Multiple Choice. (n x 1) 25 points
Direction: Read each question carefully. Encircle the letter of your chosen answer.
1. Mr. Dumdum was forced to close his business due to lack of financial support. But
despite being closed, he did not lose hope and continue to tap partners to start a
new business. He was very positive that this time, his business will surely work. Which
entrepreneurial trait was being shown?
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
2. Miss Lagnason did not have time to date anyone because all of her time was allotted
to her business. She devoted herself to her business. What entrepreneurial trait does
Miss Lagnason possess?
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
3. Many people hate rainy season but not to Miss Pielago. She used this season to sell her
hand made sweater. She neither sees rainy season a crisis nor a risk. She sees it as an
opportunity. Which entrepreneurial trait does she possess?
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
4. Mr. Diaz’ first love is cooking. It was his passion to feed the hungry; not just simply feed
but to leave happiness with every bite. Thus, he put up a cafe with him as the chef.
What entrepreneurial trait is being shown by Mr. Diaz?
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
5. Mr. Jestone has a bad feeling that putting up his hardware adjacent to Mr. Hwang’s
store would be difficult. Thus, he searched on another location where he can put up
his hardware with less rival. What type of entrepreneurial trait did Mr. Jestone show?
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
6. Ms. Ponce was confident that her design would be the next trend in fashion. Thus, she
made them, put them on and upload on facebook which went viral. Which trait does
she possess?
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
7. Mrs. Macan new that good governance is the key to a successful business. Thus, she
took care of her people and treat her like family. Without knowing, after a year, her
business grew and it was one of the largest fast food chain in Philippines. What trait is
being presented in the situation above?
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
8. Ms. Alfante was not easily shaken despite the obstacle they were facing regarding a
customer who was said to be food poisoned while drinking a milkshake in their café.
She was able to overcome this business obstacle and was able to imprison the culprit
who tainted the name of her café. What trait does she possess?
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
9. This refers to the total involvement of the entrepreneur in the exciting game of
business, demanding the keenest of intuitive abilities and the strongest intestinal
fortitude.
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
 10. This refers to the intuition or the ability to jump to insightful conclusions without rigorous
process of logical, systematic and sequential thinking.
a. Entrepreneurial heart flame c. Entrepreneurial gut game
b. Entrepreneurial mind frame d. none of the above
11. Below are the five macro-environment sources EXCEPT
a. Socio-cultural environment c. Political environment
b. Technological environment d. Natural environment
12. It regulates the use of natural resources, the disposal of wastes, the taxation of income,
the importation of goods and services, and the accounting and reporting of business
financial statements, public and private education and health programs, use of public
funds and other such concerns. What environment does this refer?
a. Socio-cultural environment c. Political environment
b. Technological environment d. Macro-economic environment
13. This environment is mainly driven by supply and demand forces.
a. Ecological environment c. Political environment
b. Macro-economic environment d. Socio-cultural environment
14. The entrepreneurs sets up a home for the aged in this city since there were many
senior citizens who need care. What environment does this refer?
a. Socio-cultural environment c. Political environment
b. Technological environment d. Macro-economic environment
15. Since Japan is not abundant for Oil, they produced electric cars and solar power.
What environment does this refer?
a. Ecological environment c. Political environment
b. Macro-economic environment d. Socio-cultural environment
16. Due to high-technology advancement, this provides entrepreneurs to create new
machinery and equipment which will improve the lives of the people. What
environment does this refer?
a. Socio-cultural environment c. Political environment
b. Technological environment d. Macro-economic environment
17. This refers to the tastes of particular groups of people.
a. Consumer preferences c. Customer dislikes
b. Consumer perceptions d. none of the above
18. It refers to things that would irritate customers.
a. Consumer preferences c. Customer dislikes
b. Consumer perceptions d. none of the above
19. It refers to how the customer sees your product and how their uses differ in yours.
a. Consumer preferences c. Customer dislikes
b. Consumer perceptions d. none of the above
20. It refers to the ability to know what products and services are needed by the people,
and to be able to provide these things at the right time, at the right place and to the
right people, and at the right price.
a. Consumer b. Asset c. Innovation d. Entrepreneurship
21. It is a source of supply or support or an available means.
a. Asset b. Resource c. Innovation d. Risk
22. It refers to a new idea, method, process or device.
a. Innovation b. Risk c. Resource d. Entrepreneurship
23. It refers to a property, resources, or advantage that is of value.
a. Resource b. Asset c. Innovation d. Customer
24. It is the one that purchases or buys a product or service.
a. Customer b. innovation c. Risk d. Resource
25. It refers to the possibility of loss or injury; something that creates a hazard.
a. Risk b. Asset c. Entrepreneurship d. Customer
II. Enumeration. (n x 1) 8 points
Direction. Write your answers on the space provided. Enumerate what is being asked:
26-28. Type of Enterprise according to concept
26.
27.
28.
29-31. Type of Enterprise according to size
29.
30.
31.
32-33. Type of Enterprise according to goals
32.
33.
III. Identification. (n x 1)10 points
Direction: Identify the entrepreneur’s characteristics as referred into each number. Pick your
answers on the words/phrases inside the box.
Flexibility goal setting confidence creativity
Having several motivating factors seeing the big picture
Passion for business tenacity despite failure self-determination
Management of risks tolerance for ambiguity Eye for detail
Seeing changes as opportunity initiative and need for achievement
_____________________1. Belief in oneself
_____________________2. Belief that one’s fate or destiny lies really on one’s self.
_____________________3. The perseverance with the effort of staying on course
_____________________4. Eagerness and enthusiasm for his business
_____________________5. Refusal to remain in their comfort zones but seek challenges to
change or improve the way things are.
_____________________6. Knowing the importance of the little things can determine the quality
of a product or service
_____________________7. Deriving a deep sense of satisfaction in accomplishing things
_____________________8. Not satisfied with just copying or doing the same routine or churning
out the same product.
_____________________9. Able to assess how particular decisions in certain areas can affect
other areas
_____________________10. Believe in the quote time is gold.

IV. Essay. 7 points

Direction: Read the questions carefully and answer them as concise as possible.
1. What is entrepreneurship for you? (2 points)
Answer:

2. What is the best trait/characteristic of an entrepreneur for him to be successful? Why

do you say so? (3 points)
Answer:

3. Why do we need to study consumer behavior? ( 3 points)

Answer:

mmc/06/21/17