Republic of the Philippines

Department of Education
REGION IV-A
SCHOOLS DIVISION OFFICE OF CAVITE PROVINCE
GENERAL MARIANO ALVAREZ TECHNICAL HIGH SCHOOL

FIRST QUARTERLY EXAMINATION

in ENTREPRENEURSHIP 9

Name: ____________________________________________ Date : ________________________

Yr.&Sec.:_________________________________________ Teacher:_______________________

Directions: Read and analyze the statements carefully. Choose the letter of the correct answer. Write your answer on
your answer sheets.

1. Entrepreneurship is considered crucial to a dynamic economy. What do you think will happen when entrepreneurial
activities slow down?
a. Decrease tax revenues c. Unemployment
b. Improve quality of life d. Uneven distribution of income

2. Andrew wants to establish a computer shop in GMA. Which of the following characteristics must possess by
Andrew for him to become a good entrepreneur?
I. Integrity II. Well- organized III. Strong work ethics IV. Inflexible

a. I only b. I and II c. I, II, and III d. IV only

3. As an entrepreneur, being aware with your community is essential. Before Mr. Borja established his business, he
makes sure that he knows the conditions of his community. Why is there a need for an entrepreneur to explore the
economic, cultural, and social conditions of the community?
a. To determine the number of populations in the community
b. To discover the developed enterprise in the community
c. To find out the analytical skills among the professional in the community
d. To identify the problems, needs and business opportunities in the community

4. Many people admire Mr. Lim because of his significant skills in managing a business. In fact, he always received
recognitions for having such quality as a manager. Why does effective management important in running a business?
a. Employees will not be considerate of the organization or those of the other members.
b. Makes it possible for both the organization and the employees to work for a common goal, at the same time
satisfying their respective interest.
c. Misunderstanding and delayed works will take place
d. Without proper management people might just work to pursue their own interest.

5. Planning is the most basic management function that tells you where to go and how to get there.
Since Mr. Agcaoili owns a huge business company, he makes sure that he plans his business carefully and see to it
that he always followed the steps involved in strategic planning. What would be the steps involved in strategic
planning?
I. Formulate organization objectives III. Develop support plans
II. Analyze present resources IV. Implement the plan

a. I, II, IV, III b. I, II, III, IV c. II, III, IV, I d. IV, III, II, I

6. Mr. Cruz found out that there is a problem in quantity and quality of skills among his present personnel. What
solution should he adopt to solve the problem?
a. Advise the person to look for another job
b. Conduct a meeting and ask questions to establish what causes the employee to underperform
c. Consider recruiting from inside or outside the organization
d. Undertake training and skills development
 Republic of the Philippines
Department of Education
REGION IV-A
SCHOOLS DIVISION OFFICE OF CAVITE PROVINCE
GENERAL MARIANO ALVAREZ TECHNICAL HIGH SCHOOL
7. Helena is fond of making handmade scrunchies; in fact, she has made lots of colorful scrunchies at home. She
decided to engage in a business as a sole proprietor and sell her handmade scrunchies. Which of the choices below
makes sole proprietorship advantageous for her as an owner?
a. All profits goes to the owner
b. Minimal working capital required
c. Owner in direct control of decision-making
d. Owner shoulders any liability incurred in the business

8. Jason wants to start a business but he had no idea what kind of business should he put up. His friend advises him
that he should know first the needs of their community so that he will know what business he should establish. How
will Jason determine the needs of the people in his community?
a. Conduct an environmental scanning c. Make use of observations
b. Consider only your own ideas d. Make use of surveys and referrals

9. During the pandemic, Emma discovered that she was good at baking. Her family and even her friends really loved
the products that she baked. Because of this, Emma decided to open a pastry business to have an additional income.
Which of the following factors should she consider before she starts her business?
a. Location/ Accessibility c. Shop decorations
b. Start-up costs d. Target Customer

10. Tie-dye T-shirt becomes a trend that has made a comeback in the fashion industry, it is on a big hit nowadays,
and there is a surge in its demand. Chloe owns a Tie-dye T-shirt Business, and she noticed that there are lots of new
business like this had been appeared. As an entrepreneur, what should Chloe do to make sure that people will buy
the product that she had?
a. Provide a good quality product with a reasonable price
b. Offer Excellent Customer Service
c. Use different marketing strategies
d. Learn from Your Competitors

11. It is the practice of starting new business, generally in response to identified opportunities.
a. Economy c. Entrepreneur
b. Enterprise d. Entrepreneurship

12. Entrepreneurship becomes significant to the economy for a number of reasons. Which of the following is NOT
importance of entrepreneurship?
a. Entrepreneurship increases unemployment.
b. Entrepreneurship brings social benefits through government.
c. Entrepreneurship improves the quality of life
d. Entrepreneurship utilizes resources for national productivity.

13. An entrepreneur is aware of _______________.

a. His family’s activities
b. His business competitors
c. The way he carries himself in public
d. The present demand for certain products or services in his community

14. “In business, it is the survival of the fittest that counts”. Which of the qualities of a successful entrepreneur is best
describes in the statement?
a. Competitiveness c. Sales ability
b. Integrity d. Strong leadership qualities
 Republic of the Philippines
Department of Education
REGION IV-A
SCHOOLS DIVISION OFFICE OF CAVITE PROVINCE
GENERAL MARIANO ALVAREZ TECHNICAL HIGH SCHOOL
15. “There’s no substitute for hard work when it comes to becoming a successful entrepreneur.”
Which of the qualities of a successful entrepreneur is best describes in the statement?
a. Passion c. Strong leadership qualities
b. People skills d. Strong work ethics

16. It is considered as the backbone of management, which involves clustering the activities together, and
designating the personnel to head and compose each department.
a. Controlling c. Organizing
b. Directing d. Staffing

17. This management function makes sure that what is done in the enterprise conforms to what has been planned.
a. Controlling c. Organizing
b. Directing d. Staffing

18. Plans are categorized in different ways. Which plans is used repeatedly as it covers policies, procedures, and
rules in management functions?
a. Organizational plans c. Single-used plans
b. Staffing plans d. Standing plans

19. This plan is essentially non-repetitious; since it is usually used within a short period of time. It compromises
programs, projects and budgets.
a. Improvement plan c. Single-used plans
b. Organizational plan d. Standing plans

20. Directing is a challenging task. The principal concern of directing as a management function is to______.
a. Assess the skills, strengths, weaknesses and potentials of personnel
b. Discover the problem in quantity or quality of skills of personnel
c. Influence subordinate to contribute to the attainment of the firm objectives
d. Make sure that what is done in the enterprise conforms with what had been planned

21. Which among the following statements below is NOT true about corporation?
a. It is relatively easy in form and management.
b. It is subject to a heavier taxation.
c. The incorporators put up the initial or starting capital of the business.
d. This is subject to more government control.

22. Partnership is a business form owned by two or more persons. Which among the choices below is NOT true
about partnership?
a. Partners should not be consulted each time a decision and action is made.
b. They agree as to how much will be the share of each one in the profits of the business
c. Partners will both decides what business responsibilities will be assigned to each.
d. If one partner commits mistake, the other has to suffer the consequences.

23. The term legal form refers to the type of business ownership. Which type of business ownership is the simplest
and most common?
a. Cooperative c. Partnership
b. Corporation d. Sole Proprietorship

24. The statistical study of human population and its distribution is called _________.
a. Demography c. Photography
b. Ecology d. Psychology
 Republic of the Philippines
Department of Education
REGION IV-A
SCHOOLS DIVISION OFFICE OF CAVITE PROVINCE
GENERAL MARIANO ALVAREZ TECHNICAL HIGH SCHOOL
25. As an entrepreneur, the first things that you should find out are the demands of the community.
This refers to___________.
a. Community needs c. Industrial information
b. Evaluation d. Technology

26. It refers to anything that can be offered to a market that might satisfy a want or need.
a. Package c. Service
b. Product d. Technology

27. The initial step in identifying the needs of the community is through environmental scanning. How do
environmental scanning done?
a. Interviews c. Reading and Observations
b. Sharing ideas with others d. All of the choices

28. When you identify the demands of the people then you are identifying the ______________.
a. Community Needs c. Local Specialized Skills
b. Industrial Information d. Technology

29. It refers to a for-profit business started and run by an entrepreneur.

a. Economy c. Entrepreneur
b. Enterprise d. Entrepreneurship

30. This refers to the work done for others as an occupation or business.
a. Package c. Service
b. Product d. Technology

31. The acronym SWOT means _________.

a. Strengths, Warehouse, Opportunities, Technology
b. Strengths, Weaknesses, Opportunities, Threats
c. Styles, Weaknesses, Opportunities, Threats
d. Styles, Weaknesses, Operation, Technology

32. If the people in the community patronize your product, then your business has ______________.
a. Opportunities c. Threats
b. Strength d. Weakness

33. When there is competition, then there is a___________ in business.

a. Opportunities c. Threats
b. Strength d. Weakness

34. It refers to a person who organizes, manages, and assumes the risks of a business or enterprise.
a. Economy c. Entrepreneur
b. Enterprise d. Entrepreneurship

35. It refers to the name of a product.

a. Brand c. Physical properties
b. Description/Features d. Service/warranty

36. The producer’s view of a product is called__________.

a. Feature of the product c. Product designing
b. Product concept d. Product formulation
 Republic of the Philippines
Department of Education
REGION IV-A
SCHOOLS DIVISION OFFICE OF CAVITE PROVINCE
GENERAL MARIANO ALVAREZ TECHNICAL HIGH SCHOOL
37. The following are the factors to consider in preparing a product concept EXCEPT:
a. The competitors c. The market
b. The costs d. The value-added features

38. This refers to what you are going to charge your customers for the products sold or services rendered.
a. Market c. Price
b. Packaging d. Proponent

39. Which of the following refers to the act of designing and producing the container for a product?
a. Market c. Price
b. Packaging d. Proponent

40. It refers to all of the direct and indirect costs businesses face from manufacturing a product or providing a service.
a. Expenses c. Production costs
b. Mark up d. Selling price