QUARTERLY EXAM

1. Republic of the Philippines
Department of Education
Region IVA-CALABARZON
SCHOOLS DIVISION OF LAGUNA
LOS BAÑOS BAYOG SENIOR HIGH SCHOOL
Address: Tagpuan St., Bayog, Los Baños, Laguna
Contact No.: 0932 199 7325
Email Address: bayogshs@gmail.com
ENTREPRENEURSHIP
1ST QUARTERLY EXAM/SY 2022 – 2023
Multiple Choice. Read each question carefully and choose the letter of the best answer. Write your
answer on a separate sheet of paper.
1. A person who works for someone else:
A. Aptitude B. Employee C. Entrepreneurs D. Entrepreneurship
2. What is evaluation of your strengths and weaknesses?
A. Self-Assessment B. Employee C. Entrepreneurship D. Entrepreneur
3. People who own, operate, and take risk of a business venture:
A. Aptitude B. Employee C. Entrepreneurs D. Entrepreneurship
4. The ability to learn a particular job:
A. Aptitude B. Employee C. Entrepreneurship D. Entrepreneur
5.Which is NOT a disadvantage of Entrepreneurship?
A. Risky B. Uncertain Income C. You are the boss D. Work long hours
6. Which is NOT an advantage of Entrepreneurship?
A. Can choose a business of interest. C. Make a lot of money
B. You can be creative. D. You will make decisions alone.
7. What type of entrepreneurial business actually produce the products they sell?
A. Manufacturing B. Wholesaling C. Retailing D. Service
8. What type of entrepreneurial business sells products to people other than the final customer?
A. Manufacturing B. Wholesaling C. Retailing D. Service
9. What type of entrepreneurial business sells products directly to the people who use or consume them?
A. Manufacturing B. Wholesaling C. Retailing D. Service
10. What type of entrepreneurial business sells service instead of a product?
A. Manufacturing B. Wholesaling C. Retailing D. Service
11. What is an office memorandum?
A. Message from one person to another. C. Short speech
B. A short written form of business communication. D. Letter
12. If you own your own business you will need to know how to calculate your profit. Which one is a calculation of
profit?
A. Sales-months in a year B. Sales-expenses C. Total sales-expenses D. Monthly sales expenses

2. Republic of the Philippines
Department of Education
Region IVA-CALABARZON
SCHOOLS DIVISION OF LAGUNA
LOS BAÑOS BAYOG SENIOR HIGH SCHOOL
Address: Tagpuan St., Bayog, Los Baños, Laguna
Contact No.: 0932 199 7325
Email Address: bayogshs@gmail.com
13. Which one is NOT a step in the problem-solving method?
A. Define the problem B. Gather information C. Identify solutions D. Ignore the problem
14. What type of economy allows the government to determine what, how, and whom products and services are
produced?
A. Command B. Market C. Both D. None
15. This economy is about personal choice. Individuals decide what, how, and for whom products and services are
produced.
A. Market B. Command C. Both D. None
16. What is a fixed cost?
A. The cost that goes up and down. C. Measure the disadvantages of production.
B. The cost that remains the same. D. Measure advantages of production.
17. What is the variable cost?
A. Cost that goes up and down. C. Measures the disadvantages of production.
B. Cost that remains the same. D. Measures advantages of production.
18. What is the opportunity cost?
A. Going with your first option. C. Choosing the best alternative.
B. Going with the easiest option. D. All of these
19. An individual who starts, creates and manages a new business can be called
A. A leader B. A manager C. A professional D. An entrepreneur
20. Trademarks relate to .
A. Practice and knowledge acquired through experience
B. The protection of proprietary information of commercial value
C. The right to reproduce ones own original work
D. Brand identity
21. Which could provide an individual with the motivation to start a new business venture?
A. The financial rewards. C. Risk taking
B. A desire to be independent. D. All the above.
22. Which of the following factors should not be included in PESTLE analysis?
A. Government re-cycling policy. C. Competitor activity.
B. Proposed reduction in interest rates. D. Demographic changes.
23. Which industrial sector promotes small-scale businesses and Entrepreneurship, and has lower barriers to market
entry?
A. Service. B. Manufacturing. C. Distribution. D. Agriculture.

3. Republic of the Philippines
Department of Education
Region IVA-CALABARZON
SCHOOLS DIVISION OF LAGUNA
LOS BAÑOS BAYOG SENIOR HIGH SCHOOL
Address: Tagpuan St., Bayog, Los Baños, Laguna
Contact No.: 0932 199 7325
Email Address: bayogshs@gmail.com
24. Why are small businesses important to a country's economy?
A. They give an outlet for entrepreneurs.
B. They can provide specialist support to larger companies.
C. They can be innovators of new products.
D. All the above.
25. A business arrangement where one party allows another party to use a business name and sell
its products or services is known as ______________.
A. A cooperative. B. A franchise. C. An owner-manager business. D. A limited company.
26. Which of the following is the reason for business failure .
A. Lack of market research. B. Poor financial control. C. Poor management. D. All the above.
27. The use of informal networks by entrepreneurs to gather information is known as.
A. Secondary research. B. Entrepreneurial networking. C. Informal parameters. D. Marketing
28. Good sources of information for an entrepreneur about competitors can be obtained from .
A. Websites. C. Company reports and published accounts.
B. Product information leaflets. D. All the above.
29. A new venture's business plan is important because .
A. It helps to persuade others to commit funding to the venture.
B. Can help demonstrate the viability of the venture.
C. Provides a guide for business activities by defining objectives.
D. All the above.
30. Primary data is ___________________ .
A. the most important data. C. new data specifically collected for a project.
B. the data that is collected first. D. data that is collected second.
31. Innovation can best be defined as _________________________.
A. the generation of new ideas. C. the opposite of creativity.
B. the evolution of new ideas. D. the successful exploitation of new ideas.
32. Which of these statements best describes the context for entrepreneurship?
A. Entrepreneurship takes place in small businesses.
B. Entrepreneurship takes place in large businesses.
C. Entrepreneurship takes place in a wide variety of contexts.
D. Entrepreneurship does not take place in social enterprises.
33. Entrepreneurs are motivated by ________________________ .
A. money. B. personal values. C. pull influences. D. All the above.
34. Which of the following are described as one of the Big Five personality traits?
A. tolerance of others. B. need for achievement. C. propensity to leadership. D. locus of control.

4. Republic of the Philippines
Department of Education
Region IVA-CALABARZON
SCHOOLS DIVISION OF LAGUNA
LOS BAÑOS BAYOG SENIOR HIGH SCHOOL
Address: Tagpuan St., Bayog, Los Baños, Laguna
Contact No.: 0932 199 7325
Email Address: bayogshs@gmail.com
35. Which of the following is least likely to influence the timing of new business births?
A. Government policies. B. Profitability. C. Consumer expenditure. D. Weather conditions.
36. Which of the following statements is false?
A. Market segmentation is a useful process for small businesses to undertake.
B. Selling is essentially a matching process.
C. A benefit is the value of a product feature to a customer.
D. It is a good idea for small businesses to compete solely on price.
37. The purpose of all good small business strategy is _________________________ .
A. to increase turnover. C. to achieve competitive advantage.
B. to increase profitability. D. to achieve stated objectives.
38. Which of the following is a recognized disadvantage of setting up as a start-up as compared with other routes to
market entry?
A. less satisfaction of the owners. C. there are more funds required
B. less help from various agencies. D. there is a high failure rate.
39. Someone legally appointed to resolve the financial difficulties of an insolvent firm is called________________ .
A. an administrator. B. a predator. C. an auditor. D. a turnaround consultant.
II. Identification ( 40-50 )
A. Write the 7P’s of Marketing Mix
B. Give the 4M’s of operations in relation to business opportunity
“For I know the plans I have for you,” declares the LORD, “plans to prosper you and not to harm you,
plans to give you hope and a future”
Jeremiah 29:11
GOD BLESS!!! 😊