DEPARTMENT OF EDUCATION

Region IV-A CALABARZON

First Periodical Test in Entrepreneurship 12

Name:_______________________________ Date:_______________
Grade & Section:______________________ Teacher:____________

Direction: Write the letter of the correct answer on your answer sheet.

1. In environmental changes it includes all the laws, rules, and regulations that govern business practices as well as
the permits, approvals, and licenses necessary to operate the business.
a.Economic forces b.Political forces c.Sociocultural forces D.Technological environment
2. It refers to the physical environment, societal environment, and industry environment where the business
operates.
a.External environment b.Physical environment c.Societal environment D.Political forces
3. The word “entrepreneur: drive from the French verb_____________, which means to undertake.
a.Entreprende b.Profit c.Capital d.Entepreneural
4. Pursue things to get done regardless of challenges.
a.Persuation b.Problem solver c.Perseverance d.Planner
5. Means that he can entice people to buy even if they don’t want to.
a.Persuation b.Problem solver c.Perseverance d.Planner
6. Doing things even before being told.
a.Iniative b.Proactive c.Problem solver d.Persuation
7. This allow the entrepreneur to see things in a very positive and optimistic way in the minds of difficult situation.
a. Entrepreneural heart frame b.Entrepreneurial mind frame
c.Entrepreneurial gut game d.Changes in environment
8. Entreepreneurial are driven by passion: they are attracted to discover satisfaction in the act and process of
discovery.
a. Entrepreneural heart frame b.Entrepreneurial mind frame
c.Entrepreneurial gut game d.Changes in environment
9. This refers to the ability of the entrepreneurship of being intuitive. This also known as intuition.
a. Entrepreneural heart frame b.Entrepreneurial mind frame
c.Entrepreneurial gut game d.Changes in environment
10. A person who is willing to gamble but he will calculate it first.
a.Iniative b.Proactive c.Problem solver d.Risk-taker
11. The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for
. his business.
a.Creativity b.Innovative c.Decisive d.Problem solving skills
12. An entrepreneur can develop new ideas and to discover new ways of looking at problems and opportunities.
a.Creativity b.Innovative c.Decisive d.Problem solving skills
13. An entrepreneur must be firm in making decisions.
a.Creativity b.Innovative c.Decisive/Problem solving skills d.Self-confidence
14. An entrepreneur must have this traits in themselves and in their business. They believe in their ability and ideas .
. even they face rejection along their way.
a.Creativity b.Innovative c.Decisive/Problem solving skills d.Self-confidence
15.It is the act or process of trying to get or win something.
a. Substitute b.Competition c.Supplier d.Buyers
16. The one that pay cash in exchange for your goods and services.
a. Substitute b.Competition c.Supplier d.Buyers
17. They create a big picture the purpose, goals and market to the business.
a. Planner b.Optimistic c.With clear vision d.Patience
 18.A __________is defined as companies or businesses that have the ability to penetrate or enter into a particular
……… industry.
a. Buyers b.Rivalry c.Substitut products d.New entrants
19. Traits of successful entrepreneurs which are able to bounce back from a setback.
a. Agility b.Resilience c.Passion d.Flexibility
20. Entrepreneurs are able to treat every problem they encounter and address it without taking too long.
a. Agility b.Resilience c.Passion d.Flexibility
21. Entrepreneurs work hard for their business, they put their long hours doing job that love to do.
a. Agility b.Resilience c.Passion d.Flexibility
22. ________is a state or situation wherein business organization are competing with each other in a particular market.
a. Buyers b.Rivalry c.Substitute products d.New entrants
23. An entrepreneur must have a convincing power.
a. Opportunity seeker b.Communicator c.Leader d.Proactive
24. An entrepreneur must have the charisma to be obeyed by his employee.
a. Opportunity seeker b.Communicator c.Leader d.Proactive
25. An entrepreneur must have the ability to be the first to see business chances.
a. Opportunity seeker b.Communicator c.Leader d.Proactive
26. An entrepreneur can control a situation by making things happen or by preparing for possible future problems.
a. Opportunity seeker b.Communicator c.Leader d.Proactive
27. Entrepreneurship is an economic activity because it involves the creation and operation of an enterprise with a view
. to creating value or wealth by ensuring optimum utilization of limited resources.
a. Economic and Dynamic Activity b.Profit Potential c.Innovative d. Risk bearing
28. ________ is one that serves the same purpose as another product in the market.
a. Buyers b.Rivalry c.Substitute products d.New entrants
29. The entrepreneur can be compensated by his profit coming from the operation.
a. Economic and Dynamic Activity b.Profit Potential c.Innovative d. Risk bearing
30. The entrepreneurship needs to gamble but wise enough to offset the risk.
a. Economic and Dynamic Activity b.Profit Potential c.Innovative d. Risk bearing
31. The _______are the one that provide something that is needed in business operations such as office spplies and
………equipment.
a. Buyers b.Rivalry c.Suppliers d.New entrants
32. It includes all the laws, rules, and regulations that govern business practices as well as the permits, approvals, and
……….licenses necessary to operate the business.
a.Political forces b. Technological forces c.Economic forces d.External environment
33.Refers to physical environment, societal environment and industry environment when the business operates.
a.Political forces b. Technological forces c.Economic forces d.External environment
34. Which of the following is NOT true?
a. Entrepreneurship creates organizations.
b.Entrepreneurs improve the life of the entrepreneur alone.
c.Entrepreneurs improves the economy.
d. None of the choices
35. 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.Sources of Opportunity
36. What variable of societal environment includes income level and employment rate.
a. Economic Forces B.Sociocultural forces c. Political Forces d. Technological Forces
37. These are entrepreneurs who are to follow the path shown by innovative entrepreneurs.
a.Innovative b. Imitating c. Social Entrepreneurs d. Fabian
38. Which of the following does not belong to the group?
a.Skills Management b.Risk taking c. Conduct Research d. No Changing Products
39. Entrepreneur means _____
a.Risk Taker b.To undertake c. To research d. To Improve Standard of Living
40. It is a personality factor which means “doing things even before being told”.
a.Proactive b. Perseverance c. Persuasion d. Initiative
41. It is a personality factor which means convincing customers to buy the product.
a.Proactive b.Persuation c. Self-Confidence d. Risk-Taker
42. Which of the choices is NOT part of the environmental factors?
a.Political b. Climate c. Weather Condition d. Family Background of the manager
 43. All except one does NOT belong to the group. Which one is it?
a.Unfair Trade Practices b.Strikes c. Political Protest d. Product
44. Which is NOT a career for an entrepreneur?
a.Business Consultant b.sales c. Research and Development d. Domestic Helper
45. They are entrepreneurs who drive social innovation and transformation in various fields.
a.Drone b.Social Entrepreneur c. Fabian d. Imitating
46. The following are the forces competing within the industry except one:
a.Potential new entrants and Substitute Products
b.Buyers and Suppliers
c.Rivalry among Existing Firms
d.Needs and Wants
47. Societal Environment includes the following, except:
a.Economic Forces b.Sociocultural forces c. Political Forces d. Natural Resources
48. A source of entrepreneurial idea where expertise and skills developed a person from its previous work can lead to the
opening of a related business enterprise.
a.Government thrust, programs and policies
b.Past Experiences
c.People’s Interests
d.Technological discovery and advancement
49. Service requirement is a/an ____ thing or product that cannot be touched but customer can feel the fulfillment
a.Tangible b.Intangeble c. Servic ed. Output
50. Tangible things that can be seen refers to:
a.Service Requirement b.Output Requirement c. Customer Requirement d. Entrepreneur’s Output