Republic of the Philippines

Department of Education
Region II- Cagayan Valley
SCHOOLS DIVISION OFFICE OF ISABELA
Aurora Senior High School-342077

ENTREPRENEURSHIP
SUMMATIVE TEST 1

Name: ___________________________________________Section: ____________________

I. MULTIPLE CHOICE: Read the questions/statements carefully. Encircle the letter which corresponds to the
correct answer.

1. Entrepreneur means:
a. Risk taker b. To undertake c. To research d. To improve standard of living
2. The entrepreneurs who create new ideas are called ______________.
a. Innovative b. Imitating c. Fabian d. Drone
3. The entrepreneur who lives on the labor of others is called __________.
a. Innovative b. Imitating c. Fabian d. Drone
4. Which of the following does not belong to the group?
a. Skills management c. Risk taking
b. Conduct research b. Make no changes with his product
5. It is a personality factor which means “doing things even before being told.”
a. Initiative b. perseverance c. Persuasion d. Proactive
6. It is a personality factor which means convincing customers to buy the product.
a. Persuasion b. Proactive c. Risk-taker d. Self-confidence
7. Which of the choices is NOT part of the environmental factors?
a. Climate b. Political c. Weather condition d. Family background of the manager
8. Which is NOT a career for an entrepreneur?
a. Business consultant b. Domestic helper c. Research and Development d. Sales
9. 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
10. Which of the statements below is true?
a. Entrepreneurs have limited career opportunities.
b. Entrepreneurs have limited career opportunities.
c. Entrepreneurs are contributors to the development of the society.
d. Entrepreneurs are the reasons for the unemployment problem.

Address: Ballesteros, Aurora, Isabela

FB: Aurora Senior High School
Email Address: ashs.342077@gmail.com
Aim And Soar High Swiftly!
 Republic of the Philippines
Department of Education
Region II- Cagayan Valley
SCHOOLS DIVISION OFFICE OF ISABELA
Aurora Senior High School-342077

II. TRUE/FALSE: Read the statements carefully then write True if the statement is correct &
write False if you think the statement is not correct.
______________1. The entrepreneur could easily see the results of his efforts.
______________2. Entrepreneurship graduates can become business reporters.
_____________3. An entrepreneur can also become a salesman.
______________4. An entrepreneur can also be a researcher.
_____________5. An entrepreneur can become a business consultant.
________________6. Profit potential is the compensation of the entrepreneur.
________________7. Entrepreneurs are innovative.
_______________8. Entrepreneurship is not an economic activity
_______________9. An entrepreneur is a “Risk Taker”.
________________10. Coward people will become successful entrepreneurs.
__________________11. Entrepreneurship can improve the life of the entrepreneur only.
_________________12. Entrepreneurship will lead to the creation of organizations.
_________________13. The greatest significance of entrepreneurship is to help identify and develop the
managerial capabilities of entrepreneurs.
___________________14. Entrepreneurship is a process of actions of an entrepreneur who is always in
search of opportunities.
____________________15. Entrepreneur means “to undertake.”

Address: Ballesteros, Aurora, Isabela

FB: Aurora Senior High School
Email Address: ashs.342077@gmail.com
Aim And Soar High Swiftly!