Score

Score

Repubic of the Philippines

Department of Education
Region VI – Western Visayas
Schools Division of Iloilo
DUEÑAS GENERAL COMPREHENSIVE HIGH SCHOOL
Poblacion B, Dueňas, Iloilo
SUMMATIVE TEST (Midterm)
GRADE 12 - ENTERPRENEURSHIP
Name ___________________________________________ Date: ________________________

Section _________________________________________ Parent’s Signature ______________

I. Multiple choice
Directions: Read each item carefully and select the best answer, writing the letter that corresponds to your
answer before the number.
_____ 1. The entrepreneurs who create new ideas are called?
a. Innovative b. Imitating c. Fabian d. Drone
_____ 2. There are entrepreneurs who are to follow the path shown by innovative entrepreneur.
a. Innovative Social Entrepreneurs c. Imitating d. Fabian
_____ 3. Which of the following is not a function of an entrepreneur?
`a. Skills management b. Risk taker c. Conduct research d. Make no changes with his product
_____ 4. Entrepreneur means:
a.. Risk taker b. To research c. To undertake d. to improve standard of living
_____ 5. It is a personality factor which means “doing things even before being told”
a. Proactive b. Perseverance c. Persuasion d. Initiative
_____ 6. It is a personality factor which means convincing customers to buy the product.
a. Proactive b. Risk-taker c. Persuasion d. Self-confidence
_____ 7. Which of the following is true about entrepreneurs.
a. Entrepreneur has limited career opportunities c. Entrepreneurs are contributor to the development of the society.
b. Entrepreneurs are prone to constant high income d. Entrepreneurs are the reasons for unemployment problem.
_____ 8. Which of the following is a good characteristic of an Entrepreneur?
a. Dependent b Action Oriented c. Greed d. Lazy
_____ 9. It is the process of considering, evaluating, and pursuing market-based activities that are believed
to be advantageous for the firm.
a. Opportunity seeking b. Opportunity seizing c. Opportunity screening d. Source of opportunity
_____ 10. It is the ability of entrepreneur that can sense without using the five senses, also known as intuition.
a. Entrepreneurial gut game c. Entrepreneurial mind frame
b. Entrepreneurial heart flame d. Entrepreneurial heart frame
_____ 11. It is a variable of societal environment includes income level and employment rate.
a. Economic forces b. Political forces c. Sociocultural forces d. Technological forces
_____ 12. One of the essentials of entrepreneur’s opportunity seeking that refers to the driven passion of an individual.
a. Entrepreneurial mind frame c. Entrepreneurial heart flame
b. Entrepreneurial gut game d. Entrepreneurial heart frame
_____ 13. The ability of the entrepreneur of being intuitive, confidence in one’s self and the firm believes that everything you
aspire can be reached.
a. Entrepreneurial mind frame c. Entrepreneurial heart flame
b. Entrepreneurial gut game d. Entrepreneurial heart frame
_____ 14. They are the one that pays cash in exchange to your goods and services.
a. Buyers b. Competitors c. Sellers d. Supplier
_____ 15. Which of the following good sources of entrepreneurial ideas determine the interest, hobbies and
preferences of people.
a. Change of the environment b. Technological discovery c. People’s interest d. Past experiences
_____ 16. Most entrepreneurs have special characteristics, which of the following is the best that makes
them different from other people?
a. Inspiration b. Service c. Satisfaction d. Security
_____ 17. It is the process of gathering, analyzing and interpreting the information about the product or the
services to be offered for sale in the market.
a. Market research b. Primary research c. Secondary research d. Data gathering
_____ 18. A data gathering technique where it can be moderated to group interviews and brainstorming
sessions that provide information on user’s needs and behaviors.
a. Survey b. Focus Group Discussion c. Personal interview d. Data Gathering
_____ 19. The following are the P’s in financial part of a business plan except:
a. People b. Promotion c. Price d. Place
_____ 20. Which type of business is a non-profit business?
a. Salon b. Resort c. Bank . d. Homeless shelter

II. TRUE or FALSE

Directions: Write True if the statement is correct and False if otherwise.

_____ 1. An Entrepreneur would much rather create a job than to take a job created by someone else.
_____ 2. Entrepreneurship can improve the life of all the people around him.
_____ 3. Coward people will become successful entrepreneur.
_____ 4. Lawyers, doctors, cooks, childcare and housekeepers and examples of product
business/providers.
_____ 5. An entrepreneurs can also become a salesman.
_____ 6. The entrepreneur could easily see the results of his effort.
_____ 7. Entrepreneurship is not an economic activity
_____ 8. Interest and hobbies of the people are possible good source of entrepreneurial ideas.
_____ 9. Consumers have common wants, likes and needs.
_____ 10. Opening a halo-halo business during summer season.

III. Identification
Direction: Describe the thought of each statement. Choose the LETTER of your answer inside the
box.
A. Product D. Promotion G. Marketing mix J. Brand Name
B. Place E. People H. Branding
C. Price F. Packaging I. Positioning

_____ 1. A name, symbol, or other feature that distinguishes a seller’s goods or services in the marketplace.
_____ 2. The way you product or service appears from the outside.
_____ 3. It refers to how a business creates awareness in the market.
_____ 4.The amount of money that a customer pays for to enjoy it.
_____ 5. A powerful and sustainable high-level marketing strategy used to create or influence a brand.
_____ 6.The ultimate marketing strategy
_____ 7. The place occupied by products in the heart and minds of the customers.
_____ 8. It can be tangible as it can be in the form of services or goods.
_____ 9. It is a set of controllable and interrelated variables composed pf product, place, price and promotion that a
company assembles to satisfy a target group better than its competitor.
_____ 10. Where your product or service is actually sold.

III. Essay (10 pts.)

Directions: Answer the question properly. Write your answer inside the box.
Question: “ Imagine yourself as an Entrepreneur, who will start a business in Dueñas. Propose a possible income
generating business and elaborate why you have chosen such”.

Rubrics for essay : 5 pts. – Content

3 pts. – Clarity of ideas
2 pts. - neatness
Total 10 pts Prepared by:
 Miss Fe L. Bautista
Teacher II

Answer Key
1. a
2. c
3. d
4 .c
5. d
6. c
7. c
8. b
9. a
10. a
11. a
12. c
13. b
14. a
15. c
16 .a
17 .a
18. b
19. b
20. d

T or F.
1. T
2. F
3. F
4. F
5. T
6. F
7. F
8. T
9. F
10.T

III.
1. J
2. F
3. D
4. C
5. H
6. E
7. I
8. A
9. G
10. B
 Score

Repubic of the Philippines

Department of Education
Region VI – Western Visayas
Schools Division of Iloilo
DUEÑAS GENERAL COMPREHENSIVE HIGH SCHOOL
Poblacion B, Dueňas, Iloilo

SUMMATIVE TEST ( Finals )

GRADE 12 - ENTERPRENEURSHIP

Name ___________________________________________ Date: ________________________

Section _________________________________________ Parent’s Signature ______________

II. Multiple choice

Directions: Read each item carefully and select the best answer, write the letter that
corresponds to your answer before the number.

_____ 1. A type of business that is purely engage in providing all types of services such as medical or legal
services.
a. Service Business b. Merchandising Business c. Manufacturing Business d. Trading Business
_____ 2. A type of business that is engage in buying and selling of food products such as Grocery or
convenient stores
a. Service Business b. Merchandising Business c. Manufacturing Business d. Trading Business
_____ 3. It refers to the amount of merchandise or goods sold by the business for a given period of time
a. Operating expenses b. Deduction c. Cost of goods sold d. Sales
_____ 4. Which office will you go to secure Tax Identification Number (TIN)?
a. BIR b. SEC c. DTI d. Office of the Mayor
_____ 5. Which office will you visit to register partnership or corporation business?
a. BIR b. SEC c. DTI d. Office of the Mayor
_____ 6. To register your Business Trade name is done in the office of ?
a. BIR b. SEC c. DTI d. Office of the Mayor
_____ 7. Which of the following is NOT a benefit to the enterprise.
a. Plan and work more efficiently c. Can check if the business is doing good
b. Meet legal and tax requirements d. It cannot protect the rights of the owner
_____ 8. Rena sells fashion dress on line. She gets each dress for P 120.00 from her supplier. She adds
P 80.00 as mark-up for each dress. How much is the selling price of each dress?
a. P 200.00 b. P 250.00 c. P 120.00 d. 300.00
_____ 9. It is the amount you gain after selling your product.
a. Credit b. Profit c. Liabilities d. Asset
_____ 10. Which of the following is true?
a. Good record keeping is not important to the business owner
b. Good record keeping is important only to the accountant
c. Good record keeping gives benefits to the enterprise
d. Good record keeping gives no importance at all.
_____ 11. Tanya sells baye-baye in her neighborhood, everyday she can sell 70 pieces of baye-baye for
P 5.00. How much is her daily revenue?
a. P 300.00 b. P 375.00 c. P 275.00 d. P 350.00
_____ 12. Mr. Que is a practicing Doctor of Medicine. During the month of December 2020 he received
Professional Fees amounting to P 1,000,000.00 and total expenses of P 300,00.00. What is his net
income?
a. P 700,00.00 b. P 750,000.00 c. P 720,000.00 d. P 8000,000.00
_____ 13. Mang Tony sold 5 pairs of shoes. Suppose Mang Tony purchased the 5 pairs of shoes at P 200.00
each and pays P 100.00 freight. How much is the cost of goods sold?
a. P 1,000.00 b. P 1,100.00 c. P 300.00 d. P 1,500.00
_____ 14. Nena sells short at P 175.00 each. If each short cost P135.00. How much is the mark-up?
a. P 40.00 b. P 35.00 c. P 45.00 d. 30.00
_____ 15. Nathaniel sells bottled water in a nearby city bur terminal. Everyday he can sell 30 pieces of bottled
water at P 20.00 each. How much is his daily sales?
a. P 900.00 b. P 800.00 c. P 700.00 d. 600.00

III. Identification
Direction: Describe the thought of each statement. Choose the LETTER of your answer inside the
box.

A. Ledger F. Record K. Loss

B. Bookkeeper G. Purchases L. Revenue
C. General Ledger H. Freight-in M. Forecasting
D. Asset I. Bookkeeping N. Operating expenses
E. Liability J. Book of accounts O. Mark up

____ 1. Refers to the amount added to the cost of the product to determine the selling price.
____ 2. Refers to the cost incurred through payment of utilities such as electricity and water.
____ 3. It is a planning tool that helps entrepreneur copes up with uncertainties in the future operation of the
business.
____ 4. It is the result when sales exceed the cost to produce goods or render services.
____ 5. It is the result when cost to produce goods or render services is greater than the sales.
____ 6. It is called the sources of documents.
____ 7. Refers to the merchandise or goods purchased.
____ 8. Refers to the amount paid to transport goods or merchandise purchased from the supplier to the buyer.
____ 9. The process of recording business transaction in a systematic and chronological manner.
____ 10. The book that composed of the Journal and Ledger.
____ 11. Referred to as the book of final entry.
____ 12. The person who is in charge to record, maintain and update business records.
____ 13. It is a group of all accounts that can be fund in the chart of accounts.
____ 14. Refers to the resources with economic value that an individual, corporation or country owns or
controls with the expectation that it will provide a future benefit.
____ 15. Refers to something a person or company owes, usually a sum of money.

Prepared by:

Miss Fe L. Bautista
Teacher II