FOURTH QUARTERLY ASSESSMENT IN

TECHNOLOGY AND LIVELIHOOD EDUCATION GRADE 8

S.Y. 2022-2023

Name: _________________________________ Section: ______________ Score: ____

Parent’s signature: ____________________ Date Taken: ________________________

DIRECTIONS: Each item in this test consists of a question, situation, and illustration
with four options lettered A, B, C, and D. Choose the letter which
corresponds to the best answer. Write it on the blanks provided before
each number. USE CAPITAL LETTERS ONLY.

I. MARKET AND ENVIRONMENT

______ 12. It is generated by examining the goods and services sold in the community.
A. SWOT Analysis C. Wants
B. Needs D. Business Idea

______ 13. Why is it important to identify the needs of the community when seizing
business opportunities?
A. It helps in identifying the needs of the community.
B. It limits the resources available to the business.
C. It avoids the use of appropriate technology
D. It ignores the available raw materials.

______ 14. What does it mean to take calculated risks in business?

A. Taking a chance without proper planning and analysis.
B. Making impulsive decisions based on emotions and gut feeling.
C. Evaluating possible risks and their likelihood of success.
D. Avoiding all risks and sticking to familiar strategies.

______ 15. A potential entrepreneur is researching the business environment in a new

market. What should the potential entrepreneur be looking for?
A. Business Constraints
B. Business Opportunities
C. Neither business constraints and opportunities
D. Both business constraints and opportunities

______ 16. What is the purpose of a SWOT analysis?

A. To evaluate the internal and external environment of an
organization
B. To gather important information for operational tasks
C. To assess the financial performance of an organization
D. To identify potential customers for the business

______ 17. Which of the following is an example of a weakness in a SWOT analysis?

A. An increase in market demand for the company's product
B. Limited financial resources for expansion
C. Skilled and motivated workforce
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D. Access to the latest technology

______ 18. What does the term "internal" mean in the context of SWOT analysis?
A. Factors within an organization that can be controlled
B. Factors within the macroeconomic environment
C. Factors related to political and legal issues
D. Factors related to technological advancements

______ 19. How can strengths and weaknesses impact the success of a business?
A. Strengths and weaknesses are not significant to business
success.
B. Strengths can lead to missed opportunities, while weaknesses
can lead to success.
C. Weaknesses can lead to missed opportunities, while strengths
can lead to success.
D. Both strengths and weaknesses have a neutral impact on
business success.

______ 20. In a SWOT analysis, what do threats refer to?

A. Internal factors that limit business growth.
B. External factors that may be used for a business to expand.
C. External factors that may limit business growth.
D. Internal factors that may be used for a business to expand.
______ 21. Which of the following is NOT an example of an opportunity in a SWOT
analysis?
A. Growing market demand for the product.
B. An access to availability of skilled labor force.
C. A strong competition in the industry.
D. Favorable government policies for a newly designed product.

______ 22. What are the two problems that can arise in the process of generating a
business idea?
A. Lack of resources and funding.
B. Difficulty in finding a target market and limited time.
C. Inability to create a unique product and poor marketing strategy.
D. Excessive generation of ideas and a lack of interest.

______ 23. How can existing goods and services be improved?

A. By keeping them the same as they are.
B. By reducing the quality of materials used.
C. By not considering customer feedback.
D. By introducing new ways of using the product.

______ 24. You are an aspiring entrepreneur who wants to develop a new business
idea. You are considering examining the present and future needs to
identify potential business opportunities. What should you do to BEST
identify the present and future needs for potential business opportunities?
A. Look for products and services that are already being sold
outside the community.
B. Conduct a SWOT analysis to gather important information.
C. Improve the materials used in crafting a product.
D. Look and listen to what the customers, institutions, and
communities are missing in terms of goods and services.
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