Republic of the Philippines

Department of Education
Region V – Bicol
SCHOOLS DIVISION OFFICE OF CAMARINES NORTE
BATOBALANI NATIONAL HIGH SCHOOL
Paracale

ENTREPRENEURSHIP
1st Quarterly Assessment

“Do not wait for success, create it. Good luck!”

GENERAL DIRECTIONS: No erasures alloweD. All erasures will be automatically treated

as incorrect answer. Write your answer in a separate sheet of paper.

MULTIPLE CHOICE: Choose the letter of the correct answer.

1. What are the advantages of creating a business plan?
A. To secure financing.
B. Allows the entrepreneur to focus on what they want to accomplish.
C. To set better objectives and benchmarks.
D. All of the above.
2. Who should prepare the business plan?
A. Anyone C. Someone on the business
B. Entrepreneur D. Stakeholder
3. What section of the business plan can you find the Proposed Name of the Business, Address of
the Business, Name of the Owner or Owners, Description of the Business, Location of the
Business, Funding Requirement and Source?
A. Introduction C. Production Plan
B. Organizational Plan D. Operation Plan
4. Which of following is the LEAST factor to be considered when deciding on the location of the
proposed business?
A. Distance from the sources of raw materials, labor, and utilities.
B. Peace and order situation.
C. The geographic and climatic conditions.
D. Proximity to the house of the owner of the business.
5. Which of the following BEST described a business plan?
A. A gallery of photos that explains the location and construction of the business.
B. A written plan that is a description of all the aspects of the business and includes the
business's goals.
C. A collection of plans that are combined from different business and then analyzed and
compared to your business.
D. A list of guidelines that tell successful business's how to run their company in order to
make a profit.

MODIFIED TRUE OR FALSE: Write the word TRUE if the statement is a fact. If it is
not, reconstruct the given statement to make it correct.
6. The introduction presents the general perspective of the business. It consists of one to
two pages. It includes, among others, the following sections:
1. Proposed Name of the Business
2. Address of the Business
3. Name of the Owner or Owners
4. Description of the Business
5. Location of the Owner’s House
6. Funding Requirement and Source
MULTIPLE CHOICE: Choose the letter of the correct answer.
7. If your executive summary is more than three pages it will most likely not be reaD.
A. True: too much is not needed when writing an executive summary, the readers will be boreD.
B. False: More is always needed when writing an executive summary.
C. Both of the above.
D. none of the above.
8. What is the most important part of a business plan?
A. Executive Summary C. Background
B. Table of Contents D. Financial Plan
9. What term is used to refer to that is commonly the last section to be written after all other major
parts have been completed?
A. Introduction C. Executive Summary
B. Environment Analysis D. Business Description
10. The parties that have a direct relationship with the business are as follows, EXCEPT:
A. Consumers C. Creditors
B. Shareholders and Investors D. Suppliers
11. What are the key variables affecting the societal environment that must be considered in
business planning?
A. Internal forces and technological forces
B. Environmental forces and legal forces
C. Political forces, economic forces, socioeconomic forces, technological forces, ecological forces,
and legal forces
D. Competitive forces and market positioning
12. In industry analysis, what is the primary purpose of conducting a critical evaluation?
A. To identify all possible forces affecting the industry.
B. To provide a detailed description of the industry's history.
C. To determine the most appropriate business strategy.
D. To evaluate and describe forces that have substantial effects, either positive or negative, on the
proposed business.
13. What is the primary purpose of the business and product position section in a business plan?
A. To provide a detailed history of the business.
B. To describe the parties supporting the business.
C. To determine the external and internal factors affecting the business.
D. To explain the competitive advantage and target market share of the business and product.
14. In the "Wealth Improvement Approaches" section, what are the key areas that the business
intends to address?
A. Maintaining a competitive advantage and enhancing environmental analysis.
B. Assessing the profitability level of the industry and describing the global business situation.
C. Positioning the business in the market and maximizing the utilization of resources.
D. Reviewing the legal forces and ecological forces affecting the business.
15. Who are the parties that are typically described in the "Parties Supporting the Business"
section of an executive summary?
A. Global consumers and regulatory agencies
B. Creditors, competitors, and industry analysts
C. Consumers, creditors, suppliers, and employees
D. Government agencies and non-profit organizations
16. What is the primary focus of the "Environmental Analysis" section in a business plan?
A. Describing the global business situation.
B. Analyzing the history of the business.
C. Assessing the profitability of the industry.
D. Evaluating external and internal factors affecting the business's performance.
17. Which of the following are the key variables typically considered in a societal analysis for a
business plan?
A. Market share and competition analysis
B. Political forces and economic forces
C. Environmental factors and technological innovations
D. Legal forces and ecological considerations
18. Which of the following best describes the impact of the expected increase in the interest rate to
15 percent on the proposed new business, as mentioned in the text?
A. It has no effect on the business since it's funded by the owners.
B. It significantly enhances the financial operation of the business.
C. It reduces the profitability of businesses with high financial leverage.
D. It leads to the immediate closure of the business.
19. Given a total population of 500 and a desired margin of error (e) of 8%, what is the calculated
sample size using Slovin's formula?
A. 50 C. 125
B. 80 D. 160
20. What is the formula to calculate the population growth rate, where "Present" represents the
current population, "Previous" represents the population at an earlier time, and the result is
multiplied by 100?
A. Population Growth Rate = (Present - Previous) / Previous
B. Population Growth Rate = (Previous - Present) / Present
C. Population Growth Rate = (Present + Previous) / Previous
D. Population Growth Rate = (Previous + Present) / Present
21. What is the primary purpose of the executive summary in a business plan?
A. To provide a detailed overview of the business plan's major sections.
B. To offer a simplified, attention-grabbing overview of the business plan.
C. To outline the funding requirements for the business.
D. To describe the business location and its advantages.
22. Which of the following is NOT a section that should be included in the executive summary?
A. Vision, mission, goals, and objectives of the business.
B. Business model.
C. Business and product position.
D. Detailed financial projections.
23. Who typically proceeds to read the details of the business plan after finding the executive
summary interesting?
A. Competitors C. Investors, creditors, and significant parties
B. Potential customers D. Government regulators
24. What is the main purpose of the feasibility study in the context of preparing a business plan?
A. To test the possibility of the business idea.
B. To secure financing.
C. To determine the market size.
D. To create an executive summary.
25. How many suggested trade names should be submitted to the department of Trade and
Industry for approval and registration?
A. One C. Three
B. Two D. Four
26. What factor is NOT considered when deciding on the location of a proposed business?
A. Proximity to target customers. C. Peace and order situation.
B. Availability and cost of transportation. D. Number of competitors in the area.
27. In a corporate business venture, who are the incorporators?
A. The primary customers
B. The government regulators
C. The individuals who originally formed the corporation
D. The employees
COMPUTATION: Solve the given problems below then complete the tables by computing
what is asked in every item.

Historical Population
YEAR Total Population Margin of Error
2021 2023 8%
2022 10% decrease from previous year 2%
2023 20% increase from previous year 5%

• Respondents who said yes in survey question #1: 310

• Respondents who said yes in survey question #3: 304
• Total demand tabulation in survey question #2: 44,300
• Total demand tabulation in survey question #4: 56,300
• Competitor – Milkteahan sa Batobalani

1. Compute all the n for each year

2. Complete the Historical Population Table
3. Compute the Population Growth Rate
4. Complete the Projected Population Table
5. Complete the Historical Demand Table
6. Complete the Projected Demand Table
7. Complete the Historical Supply Table
8. Complete the Projected Supply Table
9. Compute the Demand and Supply GAP

28. n = 29. n = 30. n =

Historical Population Table

Year Total Population
31.
32.
33.

34. PGR =

Projected Population Table

Year Total Population
35.
36.
37.
 Historical Demand Table
Year Total % Market Annual Total
Population Average Annual
Consumption Demand
38.
39.
40.

Projected Demand Table

Year Total % Market Annual Total
Population Average Annual
Consumption Demand
41.
42.
43.

Historical Supply Table

Competitor
44.

Projected Supply Table

Competitor
45.

Demand and Supply Gap

46.
47.
48.
49.
50.

Prepared by:

JHOWEN M. NORTE

Teacher II

Checked by:

RHODORA P. SALEN, MaEd

Head Teacher III

Approved by:

MARIA ELVIRA E. LOPEZ

Principal I
“You are in charge of your future so be a better version of yourself”
- Sir Jhowen =)