Republic of the Philippines

DEPARTMENT OF EDUCATION
Region IV- MIMAROPA
Division of Puerto Princesa City
STA. MONICA HIGH SCHOOL
City of Puerto Princesa

ENTREPRENUERSHIP
I. Multiple Choice. Read the question/statement carefully and choose the
appropriate/correct/best answer.

_______1. What do you call the process of inventing, innovating, and creating new ideas and turning
them into action with a purpose of satisfying the needs and wants of the consumers?
A. Entrepreneurship B. Entrepreneur C. Enterpriser D. Enterprise

_______ 2. What do you call a person who creates the idea and makes an enterprise?
A. Owner B. Innovator C. Entrepreneur D. Businessman

_______ 3. What do you call this core competency of entrepreneurship which involves a continuous
searching and creating new ideas to offer in the market?
A. Surplus B. Risk bearing C. Profit Potential D. Innovation

_______4. What is the difference between the enterprise and the entrepreneur?
A. Enterprise is the product, and entrepreneur is the services.
B. Enterprise is the product, and entrepreneur is the person.
C. Enterprise is the process, and entrepreneur is the product.
D. Enterprise is the practice, and entrepreneur is the person.

_______ 5. Which of the following is NOT considered a reason why people become an
entrepreneur? A. Flexible and freedom of work hours. C. Want to have a boss.
B. Your passion is your source of income. D. Innovate as you like.

_______ 6. What is the first thing to do to determine the demand for a certain product?
A. Conduct a business plan C. Make a hypothesis
B. Conduct a market survey D. Observe the market

_______ 7. JB Corporation is located at Puerto Princesa City, Palawan. It manufactures

approximately 100,000 diapers per month. Who are its target markets?
A. Adolescents B. Babies C. Fathers D. Mothers

_______ 8. Which of the following is NOT essential to improve the products available in the market?
A. Brainstorming C. Research and Development
B. Market Research D. Self-Intuition

_______9. What refers to the place where buying and selling happened?
A. Business scenario C. Market
B. Channel D. Outlet

______ 10. Which refers to an estimated proportion of the total market that a new business can
penetrate?
A. Market research C. Market survey
B. Market share D. Market value

______ 11. Which of the following is NOT a tangible product?

A. Alcohol B. Car C. Face mask D. Massage

______ 12. What is referred to motivating force that compels action for its satisfaction?
A. Dreams B. Goals C. Needs D. Wants
______ 13. Which one best defines service?
A. Anything that we cannot offer to the market to satisfy needs, wants and expectations.
B. Includes services, events, persons, places, organizations or even ideas.
C. Intangible in nature and very difficult to attain quality standards.
D. Tangible in nature and very easy to attain quality standards

______14. What refers to as production of an essentially intangible benefit?

A. Items B. Company C. Market D. Service

______15. Which of the following is a tangible product?

A. Alcohol B. Manicure C. Massage D. Teaching

______16. What business ability pays off current liabilities with current assets?
A. liquidity B. profitability C. solvency D. viability

______17. Which one is measured by the long-term survival and its ability to sustain profits over a
period of time?
A. liquidity B. profitability C. solvency D. viability

______18. Which is referred to an enterprise capacity to meet its long-term financial commitments?
A. liquidity B. profitability C. solvency D. viability

From the below table, answer questions 19-20

PRODUCT TOTAL REVENUE TOTAL EXPENSES PROFIT

19. Umbrella 18,820.00 ________________ 4,360.00
20. Soda 7,530.00 4,920.00 _______________

______19. How much the total expenses?

A. (P 23,180.00) C. P 23,180.00
B. (P 14,460.00) D. P 14,460.00
______20. How much is the profit?
A. P 2,610.00 C. P 4,920.00
B. P 12,450.00 D. P 7,530.00