Department of Education

Region X – Northern Mindanao

Division of Misamis Occidental
District of Lopez Jaena
SIBUGON INTEGRATED SCHOOL
ENTREPRENEURSHIP
1st QUARTER EXAMINATION

NAME:_________________ YEAR & SECTION:________ SCORE:_______ DATE: _____

Test I. Multiple Choice. Instructions: Read and analyze each statement carefully. Encircle the letter of the
correct answer.

1. The entrepreneur who lives on the labor of others is called?

a. Drone b. Fabian c. Imitating d. Innovative
2. The entrepreneurs who create new ideas are called?
a. Innovative b. Imitating c. Fabian d. Drone
3. These are entrepreneurs who are to follow the path shown by innovative entrepreneur.
a. Innovative b. Imitating c. Social Entrepreneurd. Fabian
4. Which of the following is NOT a function of an entrepreneur?
a. Skills Management b. Risk-taking
c. Conduct Research d. Make no changes of his product
5. It is a personality factor which means “doing things even before being told”.
a. Proactive b. Perseverance c. Persuasion d. Initiative
6. Which of the choices is NOT part of the environmental factors?
a. Political b. Weather condition
c. Climate d. Family background of the manager
7. Which is NOT a career for an entrepreneur?
a. Business Consultant b. Salesman
c. Research and Development d. Domestic Helper
8. Which of the statements below is true?
a. Entrepreneur has limited career opportunities
b. Entrepreneurs are prone to constant high income
c. Entrepreneurs are contributor to the development of the society
d. Entrepreneurs are the reasons for unemployment problem
9. Which of the statement is NOT true?
a. An entrepreneur will patiently wait for his efforts to bear fruit.
b. The profit of the entrepreneur is immediate.
c. All entrepreneurs are successful
d. Entrepreneurs are researchers
10. Which of the following is NOT true?
a. Entrepreneurship create organizations
b. Improves the life of the entrepreneur alone
c. Entrepreneurs improves the economy
d. None of the choices
11. The following are the forces competing within the industry except one:
a. Potential new entrants and Substitute Products b. Buyers and Suppliers
 c. Rivalry among existing firms d. Needs and Wants
12. They are the one that provides something that is needed or wanted.
a. Buyers b. Customers c. Competitors d. Sellers
13. It refers to the physical environment, societal environment, and industry environment
where the business operates.
a. Entrepreneurial mind frame c. Entrepreneurial heart flame
b. External Environment d. Entrepreneurial heart frame
14. They are the one who enters something.
a. Buyers b. Suppliers c. new entrants d. Sellers

For questions 15 to 16 refer to the following statements:

A. Substantial capital requirement.
B. Substitute products are not readily available in the market
C. Difficulty in accessing distribution channels.
D. The product or service is unique.
E. Characteristics of the products or services.
F. Increased capacity

15. In Potential New Entrants the intensity of its threat will be affected by the presence of the
following barriers.
A. A and C B. A, B, C and D C. A only D. All of the above
16. In rivalry among existing Firms the industry is attributable to the following factors.
A. E and F B. A, B, C and D C. A and B D. All of the above
17. Which of the following includes industry environment of the business?
A. Competitors B. Customers C. Creditors D. All of the above
18. It is the process of considering, evaluating, and pursuing market based activities that are
believed to be advantageous for the firm.
A. Opportunity seeking C. Opportunity screening
B. Opportunity seizing D. Sources of opportunity
19. This is essential to opportunity seeking which allows the entrepreneur to see things in a
positive and optimistic light in the midst of crisis or difficult situations.
A. Entrepreneurial mind frame C. Entrepreneurial heart flame
B. Entrepreneurial gut game D. Entrepreneurial heart frame
20. It is the ability of entrepreneur that can sense without using the five senses, also known as
intuition.
A. Entrepreneurial mind frame C. Entrepreneurial heart flame
B. Entrepreneurial gut game D. Entrepreneurial heart frame

Test II. Evaluate each picture according to its USP,VP, Method of Segmentation and Customer
Requirement. (21-30)

USP & VP Method of Customer

Segmentation Requirement

“Ma-GOO GOOLAT KA SA SARAP”

 “ EGGSpert Provider in the City”

Test III. Instruction: Read the statements carefully then write True if the statement is correct. Underline the
word/phrase that make the statement false, identify and write the correct answer in the space before the
number.(NO ERASURES)
___________________31. Interview is the most common way to gather primary research with the use of
questionnaires or interview schedule.SURVEY
____________________ 32. Survey is the traditional method of data collection which is normally done on
a face-to-face manner with the respondents.PERSONAL INTERVIEW
____________________33. Exploratory refers to a type of focus group discussion where it obtains
information on general attitudes, understand the circumstances under which customers might require
your product, or service, understand their desired outcomes.TRUE
____________________34. Comparative Analysis is a type of FGD where customers go to get similar
information, services or products and what attracts them to those resources.TRUE
____________________35. FGD is a data gathering technique where it can be moderated to individual
interviews and brainstorming sessions that provide information on user’s needs and behaviors.TRUE
_____________________36. Survey refers to information gathered indirectly from the respondents who
answered set of questions.DIRECTLY
_____________________37. Feature Prioritization is a type of discussions in FGD if trade-offs have to be
made among various customer needs. TRUE
_____________________38. Survey is a data gathering technique where it can be done via direct mail,
over the phone, internet or e-mail.TRUE
_____________________39. Market Segmentation is the process of gathering, analyzing and interpreting
the information about the product or the services to be offered for sale in the market, the market and
about past, present and any potential consumers for the products.MARKET RESEARCH
_____________________40. Data collection is an important aspect of any type of research study, it can
impact the results of a study and ultimately lead to valid or invalid results.TRUE

Test IV. Enumeration & Essay

41-45. Give the 7P’s of Marketing Mix

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 _______________________________

46-50. Why do entrepreneurs need to conduct a Market Research?

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51-53. Given that you have your business plan, how are you going to promote your product/s?
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54-57. How important is the business plan?
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58-60. How important it is to develop a brand name?
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You are so close to the victory, don’t you dare give up now!

DATE CHECKED: ______________

Parent’s Signature: _______________