Republic of the Philippines

Department of Education
Region V – Bicol
SCHOOLS DIVISION OFFICE OF CAMARINES NORTE
CARINGO HIGH SCHOOL
MERCEDES DISTRICT
Barangay Caringo, Mercedes, Camarines Norte

ENTREPRENEURSHIP
(Grade 12)
st
1 Quarter Examination

Name: __________________________________________________ Score: ________________________

Directions: Read the questions or statements carefully. Write only the letter of the correct
answer on the space provided.
______1. It is defined as the ability to be able to know what products and services are needed by
the people provide things in the right time.
a. Economics b. Entrepreneurship c. Business Cycle d. Management
______2. Does entrepreneurship always involve an opportunity?
a. Yes, because opportunity is where can make a profit
b. Yes, because opportunity is once.
c. No, because opportunity depends in time.
d. No, because opportunity never look to an entrepreneurship.
______3. Does entrepreneurship always involve something new?
a. Yes, because of new technology.
b. Yes, because entrepreneurship involves something new or so called innovation.
c. No, because of competition
d. No, because it involve buyer and seller.
______4. He created a whole new industry for gadgets such as iTunes and iPod even the Apple
Company.
a. Bill Gates b. Steve Jobs c. Henry Sy d. Marx Melencio
______5. Which of the following is the example of existing concept of giving rise to new business?
a. Jollibee b. Catering Services c. Carenderia d. Event organizer
______6. How much the total income of microenterprises businesses?
a. Php 3 Million and employ less than 10 people. c. Php 3-5 Million and employ
less than 15 people.
b. Php 10 Million and employ less than 20people d. Php 15 Million and employ
less than 20 people
______7. How much the total assets of small enterprises.
a. Php 3 Million and employ between than 10-15 people. c. Php 5 Million and employ
between 15-20 people.
b. Php 3-15 Million and employ between 10-99 people. d. Php 10-15 Million and
employ between 10-99 people.
______8. How much the total assets of medium enterprises.
a. Php 10-15 Million and employ 30 people and more.
b. Php 15-20 Million and employ 40 people and more.
c. Php 20-30 Million and employ 50 people and more.
d. Php more than 15 Million and employ more than 100 people and more.
_____9. What are the types of enterprises according to the goals?
a. Enterprise can be categorized in many forms.
b. Enterprise can be broadly categorized in two groups, business enterprises and
social enterprises.
c. Enterprise involve in many ways.
d. Enterprise aims to promote products.
______10. One of the skills of a good entrepreneur is a good relation to people in and out of
business.
a. Good planner c. People skills
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 b. Profit oriented d. talents
______11. It refers to a tangible, physical good that a person or society creates in expectation that
will use to improve, or increase future production.
a. Liabilities b. Capital c. Assets d. Profit
______12. It is the first money used in the Philippines.
a. Reyales c. Money c. Centemo d.Peloncitos
______13. It is old system of business enterprises in the Philippines.
a. Barter b. Money c. Exchange d. Peloncitos
______14. One of the important characteristics of a good entrepreneur is working diligently for a
long Period.
a. Decision making b. Self-confidence c. Committed d. Discipline
______15. It is property, resources, or advantage that is a value.
a. Liabilities b.. Risk c. Assets d. Customer
______16. It is one that purchases or buys a product or services.
a. Entrepreneur b.Customer c. Seller d. Owner
______17. Which is NOT belong to group of developed countries in very High human Development.
a. Japan, China, Singapore, and Canada c. Austrila, New Zealand, and France
b. Japan, Hongkong, Singapore and Malaysia d. United Kingdom, Germany and Norway
______18. Which of the following of a group of Low Human Development country is Correct?
I. Pakistan, Bangladesh, Nepal, and Myanmar
II. Kenya, Nigeria, Uganda, and Sudan
III. Ivory Coast, Zimbabwe, Chad and Chile
IV. Ivory Coast, Zimbabwe, Ethiopia and Congo
a. I, II, III c. II, III, IV
b. I, III, IV d. I, II, IV
_______19. It is one of the eight Millennium Development Goals.
a. Eradicate extreme poverty and hunger. C. Produce more products
b. Sustain global competition d. Provide business in the community
_______20. He is the founder of J.G Holdings
a. Marx Melencio b. Henry Sy c. John Gokongwei Jr.  d. Edgar Sia
_______21. He is one of the fifteen Filipino Billionaire also CEO of SM Shoemart
a. Jo Goconghe b.. Henry Chua c. Henry Sy d. Henry Lee
_______22. She is the owner of National Book Store
a. Julie Ramos b. Socorro Ramos c. Susan Ramos d. Josefa Ramos
_______23. He is the owner of Mang Inasal
a. Jane Santos b. Mariano Que c. Edgar Sia d. Henry Sy
_______24. He is the owner of “ Mercury Drug”
a. Marx Melencio b. Mariano Que  c. Karl Melencio d. Marx Felencio
_______25. It is a unique set traits and characteristics that make up a person.
a. Identity b. Power c. Personality d. Achievement
_______26. It is the act or process of making or carrying out plans.
a. Setting b. Achievement c. Solution d. Planning
_______27. Which of the following is a customer need that an Entrepreneur should consider?
a. Usability b. Occupation b. Income d. Savings
_______28. Which is referred to as the production of an essentially intangible benefit?
a. . Items b.. Service c. Company d. . Market
_______29. It refers to the diffusion of fluctuations in aggregate economic activities all over the
economy and not just on a single industry.
a. Business System b. Business Cycle
c. Business Economy d. Business Entrepreneur
_______30. It is the ability or capacity to start things or actions, or to be originator of actions.
a. Resilience b. Optimistic c. Risk Tolerance d. Initiative
_______31. It is the example of Marketing Strategy.
a. One-on-One b. Public Relation c. Face-to-Face d. Writing
_______32. In every day routine, we make a checklist like a business they HAVE create some
Planning Strategy therefore what is planning?
a. It is the act of process of making or carrying plan o idea.
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 b. It refers to a person who create a product
c. It refers to the mechanics of promotion
d. It is knowledge about the product
_______33.Why should an entrepreneur write a business plan?
a. To have a good idea regarding the business.
b. To have organize, successful and profitable business.
c. To have pattern about the business.
d. To create something new, even if the business not successfully.
_______34. Which of the following does NOT belong to the major constructing business plan?
a. The process of putting a business plan together forces the person preparing the plan
to look at business.
b. It help to focus ideas and serve as a feasibility study of the business chances for
success and growth.
c. It can help you to become a popular than other entrepreneur.
d. It is a strong communication tool for a business.
_______35. Who should write a business plan?
a. Management team b. Owner or entrepreneur c. Labor d. Personnel
_______36. What makes your product or service unique?
a. Create a promotional package
b. Base of the concept goal, create marketing strategy to promote and patronize your
products.
c. Call for a meeting about your idea regarding for a promotional needs.
d. Create another plan.
_______37. It refers to person who works for another person or look for services at a company.
a. Employee c. Manufacturer
b. Buyer d. Marketing Team
_______38. Which of the following is an example of marketing strategy?
a. Trade shows, TV, Public Relation c. Telephone Sales, Seminar
b. Print, Radio, invitation d. Online, direct selling, invitation
_______39. It refers to the activity of making, buying or selling goods or providing services in
for a money.
a. business b. profit c. capital d labor
_______40. It is the heart of any business operation is the accounting system.
a. Financial income b. Financial system c. Financial data d. Financial
security
________41. Which is referred to as a marketing offering?
a. Product/Service b. Company c. Sales d. Goals
_______42. What is the purpose of business Plan?
a. It creates opportunity for new entrepreneur.
b. A business plan is very specific to each particular business.
c. It gave better plan for elite entrepreneur.
d. The plan also serves as an effective communication tool for financing proposal.

_______43. What is the character trait of good entrepreneur?

a. Good communication b. Confidence c. Permissive d. authoritarian
_______44. It is one of the fastest solutions to solve a food processing?
a. Manufacturer c. Services
b. Technology d.Raw material
________45. Which of the following is not a tangible product?
a. Car b.. Event organizer c. Alcohol d. Face mask
_______46. As an entrepreneur he makes a wise decision towards the set objectives.
a. Decision making c. Discipline
b. Committed d. Creative
_______47 How will you price your goods or services in the growing competitive market?
a. By creating promotional packages. c. according to the work
b. According to primary needs of people d. according to the ability of buyer
_______48. Does Marketing strategy help to the entrepreneur?
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 a. Yes, it will grow the business
b. Yes, it will increase the sales of a product, consumers will encourage patronizing.
c. No, because it is a waste of time
d. No, because some consumer think about what is good for them.
_______49. It is also called the profit and loss statement used to indicate how well the company is
Managing its cash.
a. CashFlow c. Income Statement
b. Break-Even-Analysis d. Financial Data
________50. These are people with skills and capabilities to see and evaluate business
opportunity.
a. Entrepreneurial c. Entrepreneur
b. Entrepreneurship d. Enterprise

G-O-O-D L-U-C-K!

Prepared by:

ALVIN ECHANO ASANZA

SHS Teacher II