High School Department

Baguio Siloam Christian Academy

# 99A, Tacay Road, Pinsao Proper, Baguio City, 2600
S.Y. 2021-2022
1 Summative Assessment in Entrepreneurship
st

NAME: ______________________________________ SCORE: _______/30

DATE: ___________________________

GENERAL INSTRUCTION:
1.Read the following questions carefully. Do not write anything on this test questionnaire.
2. Use black or blue ballpen only.
3. Make sure to observe correct spelling. In IDENTIFICATION, wrong spellings will be
considered wrong.
4. If the space provided is not enough, you can attach a sheet of paper.

I. IDENTIFICATION: Supply what is being asked in each number. (10pts.)

___________________________1. It involves seeking opportunities for a market, establishing

and operating a business out of the opportunity, and assessing its risks and rewards through close
monitoring of the operations.
___________________________2. In this level of entrepreneurial development entrepreneurs
fully learned, and continue to practice, a four-step process of thinking-starting with idealization,
visualization, verbalization, and materialization.
___________________________3. The French word “prendre” means___________.
___________________________4. Like other vocations, being an entrepreneur is also
a_______.
___________________________5. He or she is an individual who actively form or lead their
own business and nurture them for growth and prosperity.

___________________________6. It is a step-by-step procedure in establishing any kind of

business that an entrepreneur has to undergo. It is composed of four aspects.
___________________________7. It is a business arrangement wherein the franchisor, who is
the owner of the business, acquires distribution centers through the franchisees or the affiliated
dealers.
___________________________8.This is a macroenvironmental sources that represents the
general environment where the entrepreneur can identity business opportunities from and where
the future business is about to operate.
___________________________9. It is an entrepreneur’s business idea that can potentially
become a comercial product or services in the future.
___________________________10. It is the first step and the most difficult process of all due to
the number of options that the entrepreneur will have to choose from.
II. Directions: Using the chart, differentiate entrepreneurship and employee according to the
given factors. (10pts.)
IMPORTANT ENTREPRENEUR EMPLOYEE
CAREER FACTORS
1. INCOME

2. Hiring and Firing,

Organizational Set-up,
and Major Key Result
Areas

3. Daily Task

4. Leisure Time and

Vacations
 5. Taxation

III. Short Essay: Define the following small businesses and give examples or illustrations for
each number. (10pts.)
1. Direct Selling business
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2. Street foods business

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3. Flea market business

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4. Tutorial business
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5. Video and photography business

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Proverbs 4:7 
“The beginning of wisdom is this: Get wisdom, and whatever you get, get
insight.”