Republic of the Philippines

Pangasinan State University

BAYAMBANG CAMPUS
Bayambang, Pangasinan

Name: _____________________________________________________________________ Year & Section: ________________

Date: _____________________________________________________Score: _________________________________________

Quiz #5 in ENTREPRENEURIAL MIND

General Instruction: Read carefully the instruction on each type of quiz. Any form of erasure/alteration/mark will make your
answer invalid. Use pencil or friction pen is also restricted. Anyone who caught side glancing or any form of cheating may
invalidate his/her quiz. Choose the best answer.

I. Multiple Choice.

1. Juan dela Cruz works full time as the Executive Assistant to the Chief Marketing Officer of ABC
Technological Company, at the same time, owns and manage a small restaurant business in their area,
using his extra time at night and weekends to instruct his employees and advertise the business. Juan
dela Cruz is known to be a:
a) Full-Time Employee c) Hybrid Entrepreneur
b) Part-Time Entrepreneur d) All of the above

2. What does “moonlighting” refer to in employment?

a) Working during nighttime hours only
b) Holding a second job in addition to a primary one
c) Engaging in recreational activities under the moonlight
d) Participating in team-building exercises during the evening

3. Eddie thinks of having a business, but he is advised to pursue Part-time Entrepreneurship since he has
a very few knowledge in the different aspects of business. Thus, this situation makes better sense to
first undertake a part-time business to/because of:
a) Gain basic experience c) Narrow window of opportunity
b) Lack of resources d) Uncertain about the demands

4. What is the potential disadvantage of moonlighting?

a) Increased income and financial stability
b) Improve work-life balance
c) Potential conflict of interest
d) Enhanced professional development opportunities

5. Tournaments were announced to happen in a sports complex facility, Juana, living nearby the facility,
decided to pursue part-time business of selling clothing and memorabilia from selected teams as she
expects increase interest of sports lover and fans. Indeed, this situation makes better sense to first
undertake a part-time business to/because of:
a) Gain basic experience c) Narrow window of opportunity
b) Lack of resources d) Uncertain about the demands
6. There are number of considerations for part-time small business start-ups. The following statement is
ideal, except for:
a) For part-time business, entrepreneur wants a low cost of start-up, since entrepreneur probably
will not have a lot of money to invest and may not get great returns to pay off expensive start-up
efforts.
b) Time to start up is also best when shortest since entrepreneurs are looking for a basic idea of
what might and might not work.
c) The more time and energy you spend preparing for a small-scale part-time business, the
longer it takes to make a profit. Thus, the cost to start-up and the time to market have no
significant relationship.
d) Permanence is related to the concept of legitimacy. What customers want to know is that the firm
is likely to be around for a while, to provide customer service and future sales.

7. The following advice touches on many of the issues home-based entrepreneurs find most important to
running their business, except for:
a) Choose a work location inside your home that is away from noise, distractions, and family traffic.
It helps you concentrate and sound businesslike when on the phone.
b) Set the ground rules early and stick with them.
c) Be realistic about the amount of space, aim for equipment same with big businesses.
d) Set up your workday to minimize distractions from household or family chores and, as much as
possible, stick to the plan.

8. Type of website that informs possible customers about your firm. For a part-time entrepreneur, a
website can become a 24-hour-a-day, 7-day-a-week source of information and prospects, if not sales.
a) Educational Websites c) Search Engine Websites
b) Portal Websites d) Internet Informational Websites

9. This approach makes a highly attractive opportunity because it offers the advantages of a large market,
24/7 availability of your products, and a start-up that is quickly done and potentially inexpensive. For
many part-timers, it provides a great way to learn the business and the market, establish your reputation
and business track record, and lay a foundation for a full-time business.
a) Internet Informational Websites c) Home-based Business
b) E-Commerce and Online Shopping Sites d) Stand Retail

10. Jomar might have a loyalty to an employer and also loyalty to a his part-time business. Each of these
businesses expects the person to have its best benefit first. Jomar may tend to do work for his part-time
business while he is at his full-time job, blurring the boundary between them. Thus, this can happen both
personally and professionally:
a) Conflict of Interest c) Poisoning the Well
b) Cannibalizing d) Aggradizing

11. For a part-time small business, achieving legitimacy and business respect can become a driving force.
Occasionally, the entrepreneur sees an opportunity that is possible, but a stretch. If it looks like a stretch
to the customers, the entrepreneur may start thinking about making the firm seem bigger, more
substantial, or more capable than it really is. This misleading impression is called:
a) Conflict of Interest c) Poisoning the Well
b) Cannibalizing d) Aggrandizing

12. What is the common characteristic of part-time employment?

 a) Fixed working hours c) Limited weekly working hours
b) Consistent full-time benefits d) Lengthy probationary periods

13. Which of the following is a potential advantage of part-time employment?

a) Greater job security c) Flexibility schedule
b) More extensive benefits package d) Limited career advancement opportunities

II. TRUE or FALSE.

________________1. Part-time employment typically involves working fewer hours per week than full-time
employment.
________________2. Part-time employees are usually eligible for the same benefits as full-time employees.
________________3. Poisoning the well refers to creating a negative impression among your employers’
customers.
________________4. In most countries, full-time employment is typically defined as working 40 hours per
week.
________________5. Full-time employment often comes with more job security compared to part-time or
temporary positions.
________________6. Overtime pay is typically applicable to full-time employees who work beyond their
standard hours.
________________7. The advantage of stand businesses is that you can start with little investment.
________________8. A pop-up business is just a temporary business.
________________9. It is impossible to gain legitimacy for your small business if your ethics are in question.
________________10. Part-time entrepreneurship is important because it gives people a chance to learn the
ropes in business and to test out their ideas.
________________11. In some industries, full-time employees may be required to work irregular hours or
weekends.
________________12. Moonlighting is not inherently good or bad; it depends on the policies of the primary
employer and local employment laws.

1. True
2. False
3. True
4. True
5. True
6. True
7. -12 (TRUE)