Republic of the Philippines

Zamboanga Peninsula Polytechnic State University

Region IX, Zamboanga Peninsula
VITALI EXTENTION PROGRAM DELIVERING UNIT
Mialim, Vitali, Zamboanga City
Vitali, Zamboanga City
Email: vitaliextension@zcspc.edu.ph / Contact #: 0967-2641-822 / 0955-7143-446
FINAL EXAMINATION
Name: _________________________ Score: ______________
Year/Course: _________________ Date: _______________
Instructor: ____________________
Directions: Read carefully and understanding the statement given sentences. Please do not write anything in the test paper. Use the
answer sheet to answer the questions.

1. Used to pay goods and services and is the 8. An enterprise manage by its owner
medium of exchange in trading with other
a. large business
countries.
b. micro business
a. other goods
c. small business
b. money
d. medium business
c. foods
9. A feature of a small business enterprise
d. things
a. personalized services
2. The system of exchange
b. greater capital
through which goods and
services are traded in the
c. public service
community, using the d. lesser work
medium of money. 10. Manager of a small business is called
a. barter economy
a. owner
b. economy
b. entrepreneur
c. money economy
c. small business
d. technology
d. businessmen
3. People with some money
to start with, put up small
11. The ability to create something new, or to
think of new ways of doing things.
stores that sell food and
other needs of the
a. discovery
people in the community. b. invention
a. micro entrepreneurs
c. innovation
b. large entrepreneurs
d. restoration
c. medium entrepreneurs
12. Refers to seed money, equipment,
machines and materials
d. small entrepreneurs
a. Capital
4. An organized task of people to produce
and sell goods and services is
b. demand
a. business c. supply
b. economy d. liability
c. industry 13. Expertise in business management and
operation
d. technology a. creativity
5. Who takes the risk of organizing and
operating a certain kinds of business is
b. entrepreneurial
a. entrepreneurship c. innovativeness
b. small business d. salesmanship
c. entrepreneur 14. Who helps solve unemployment among the
d. business owner people?
6. Owned and a. innovators
manage by an b. inventors
individual or group
c. business management
and has only
d. business enterprise
enough resources
to continue 15. It exists at all times, because people need
goods and services to survive.
operating.
Grocery, bakeshop a. demand
and restaurant b. business opportunities
belong to c. business needs
a. large business d. supply
b. medium business 16. Factor in searching for business
opportunities that ask: What products are
c. small business
in demand?
d. micro business
a. the need of the community
7. Persons engaged in selling goods and
b. skills and interests
services
a. entrepreneur c. available resources
b. business people d. market
c. owner 17. Factor in searching for business
opportunities that ask: Do you have money
d. traders for capital?
 a. the need of the community 27. Who studied, the relationship between Big
b. skills and interests -5 characteristic and entrepreneurial
c. available resources intention?
d. market a. Zhao et al. (2010)
18. Factor in searching for b. Korunka et al. (2008)
business opportunities c. Singh and De Noble
that ask: Does the d. Zhao et al. (2005)
particular business
activity meet your
28. Which of the following is/are one of the
interest? three major type of risk attitudes?
I. Risk averse
a. skills and interests
II. Risk basic
b. the need of the community
III. Risk negative
c. available resources
a. I only
d. market
19. Factor in searching for business
b. I, II and III
opportunities that ask: Who will buy your c. II and III
products? d. III only
a. market 29. In economics, what is risk?
b. manpower
a. Uncertainty
c. suppliers of raw materials
d. technology
b. Something terrible
20. Factor in searching for business c. Certainty
opportunities that ask: Are expert workers d. Safety
available?
30. A person who is risk neutral is_________.
a. suppliers of raw materials
a. Indifferent about risk
b. manpower
c. market
b. Happy to take on a lot of risk.
d. technology c. Avoids risk most, but not all, of the
21. Includes all activities relating to the sale of time.
goods and services direct to consumers. d. Only going to take on certain events.
a. wholesaling 31. A situation in which a decision maker
b. selling knows all of the possible outcomes of the
c. retailing decision and also knows the probability
d. buying associated with each outcome is referred
22. The link between the producers and to.
consumers. a. Certainty
a. Retailer b. Risk
b. seller c. Uncertainty
c. buyer
d. Strategy
d. wholesaler
23. The value that a retailer 32. Which of the following methods of
sets for the article for selecting a strategy is consistent with risk
sale. It is the amount of averting behaviour?
money paid for goods or a. If two strategies have the same
services. expected profit, select the one with the
a. ceiling smaller standard deviation.
b. mark-up b. If two strategies have the same
c. price standard deviation, select the one with
d. sales the smaller expected profit.
24. Activities/benefits offered for sale. c. Select the strategy with the larger
a. services coefficient of variation.
b. retailing d. All of the above are correct.
c. instalment 33. Which one of the following does measure
d. wholesaling risk?
25. Anyone who engages in entrepreneurial a. Coefficient of variation
activities/enterprises.
b. Standard deviation
a. entrepreneur
b. entrepreneurship c. Expected value
c. services d. All of the above measures risk
d. retailing 34. If a person’s utility double when their
26. Customer pays for the merchandise upon income doubles, then that person is risk. It
its delivery to him/her. refers to the sari- sari store performance
a. c.o.d. income?
b. mark-down a. Averse
c. mark-up b. Neutral
d. instalment c. Seeking
 d. There is not enough information given a. Self- efficacy
in the question to determine an b. Entrepreneurial self- efficacy
answer.
c. Innovativeness and productivity
35. Strategy A has an expected value of 10
d. Innovativeness domain specific
and a standard deviation of 3. Strategy B
general
has an expected value of 10 and a
standard deviation of 5. Strategy C has an 43. The students of ZPPSU are starting their
expected value of 15 and a standard entry of small capital for their
deviation of 10. Which one of the following performances. what is the improvement of
statement is true? the contruction field?
a. A risk adverse decision maker will a. Innovativeness and productivity
always proper. A to B, but may prefer b. Self –efficacy
C to A. c. Innovativeness domain specific
b. A risk neutral decision maker will general
always prefer C to A or B. d. Entrepreneurial self- efficacy
c. A risk seeking decision maker will 44. The Big -5 traits, known as
always prefer C to A or B. ________________.
d. All of the above are correct. a. Innovativeness and productivity
36. The coefficient of variation measures. b. Self- efficacy
a. The risk per unit of expected payoff. c. Innovativeness domain specific
b. The risk –adjusted expected value general
c. The payoff per unit of risk d. Entrepreneurial self-efficacy
d. A decision maker’s risk – return trade- 45. It is refer to innovativeness and initiative it
off consists of a composite measure of
37. A situation on which a decision maker ________ need, strength, need for
must choose between strategy that have achievement, and internal locus of control.
more than one possible outcome when the a. Self-efficacy
probability of each outcome is unknown is b. Entrepreneurial self- efficacy
referred to as.
c. Innovativeness domain specific
a. Diversification general
b. Certainty d. Innovativeness and productivity
c. Risk 46. The student innovativeness in marketing,
d. Uncertainty management, and financial have control
38. If a decision maker is risk averse, then the for daily living of the livelihood in the
best strategy is the one that yield the market places?
____________. a. Innovativeness and productivity
a. Highest expected payoff b. Entrepreneurial self- efficacy
b. Lowest coefficient of variation c. Self- efficacy
c. Highest expected utility d. Innovativeness domain specific
d. Lowest standard deviation general
39. Which circumstances that influence the 47. Who cannot anticipate the event in the
profitability of a decision are referred to as. environmental strategy?
_______________. a. Bandura, 1997, Forbes, 2995
a. Strategy b. Friedman, 2009
b. A payoff matrix c. Griffin, 1992
c. States of nature d. Gandry,2002
d. Marginal utility of money. 48. Who says, that there is characteristic of
40. The marginal utility of money diminishes the environmental belief (ILOC ) internal
for a decision maker who is locus of control in the entrepreneurial
_____________. activity?
a. A risk seeker a. Sharpero, 1975

b. Risk neutral b. b. Caliendo el at. 2009

c. Risk averse c. c. Hofslede 1980

d. In a situation of uncertainty d. d. Mueller, 2009

41. It is refer to work related performance of 49. Who founded the (ILOC) internal locus of
a career choice in a small business control as longitudinal data of self-
growths. employed?
a. Self- efficacy a. Evan and Leighton 1989

b. Entrepreneurial self- efficacy b. Gurol and atson 2006

c. Innovativeness and productivity c. Caliendo et al. 2014

d. Innovativeness specific general d. Rubenstien 2017

42. Which is probability of nascent 50. Who re-evaluate the traits of (LOC) locus
entrepreneur success of business found in of control in decision making?
the risk taking and clients? a. Caliendo et al. 2009
b. Hofslede, 1980
c. Thomas, 2000 Prepared by:
d. Mueller, 2009 Ana Liza Sunaz Paelmariano
Visiting Lecturer