4th QUARTER SUMMATIVE EXAMINATION IN ENTREPRENEURSHIP 9

Name ___________________________________ Adviser ________________________

Grade and Section_________________________ Score ________________________

1. It is the process of setting up goals for a particular business.

a. business b. business plan c. business planning d. planning
2. It is thinking ahead of what to do, how to do it, when to do it, and what to expect in the future.
a. business b. business plan c. business planning d. planning
3. It means any plan that works for a business to look ahead.
a. business b. business plan c. business planning d. planning
4. It means very small/limited in quantity (business term)
a. macro b. micro c. nano d. tiny
5. It means an effort to do a task.
a. attempt b. endeavor c. strive d. try

6-15. Choices are provided inside the box for items 6-15.
Analyze the situations ranging from 6 to 15 and try to fit in with the correct planning principles within the box.

6. Planning should be adjusted to changes to be effective and relevant.

7. Planning should fit the needs of the people in the community.
8. Planning must be based on available resources.
9. Planning should be responsive to the trends in consumer tastes and preferences.
10. It needs simple and few resources.
11. It requires very simple management and technology.
12. Any planning which is not supported by adequate resources is likely to fail.
13. It provides a good training experience for operating a business.
14. It can make the difference between success and failure for small businesses.
15. Allows managers to plan the team's workload and resources more accurately while running multiple projects.
a. Planning must be based on the needs of the community
b. Planning must be flexible
c. Planning must be realistic
d. Planning must start with simple projects

16. A feasibility study has its components, except:

a. Financial study c. Marketing study
b. Management study d. Technological study
17. The component of a business plan which identifies the available raw materials in your community.
a. behavior of the product c. location of the business
b. environment d. organizational plan
18. Why is an organizational plan needed in planning a business?
a. To coordinate the activities of the work force towards the company’s goals
b. To determine the needs of the community
c. To find out what products and services are available and which of these can be improved
d. To identify the market trends in the community
19 It deals with the selling and buying activities of the business.
a. business enterprise c. marketing
b. business operation d. planning
20. The component of a business plan which identifies the available raw materials in your community.
a. behavior of the product c. location of the business
b. environment d. organizational plan
21. There are several factors to consider in selecting the location of your business. Which of these factors is not included?
a. the availability of transportation facilities, c. the cost and availability of land communication,
water, electricityand labor d. the quality of the product
b. the behavior of the product
22. In this study, you must consider the manufacturing process, plant size, production schedule, machinery, plant location
and layout structure, raw materials, utilities and waste disposal.
a. feasibility study c. social desirability
b. marketing study d. technical study
23. This is measured by economic benefits to the people living in the community and its vicinities.
a. feasibility study c. social desirability
b. marketing study d. technical study
24. It is a written plan for a business on how it will be managed. It is a tool to represent a certain venture anticipating its
future.
a. business plan c. feasibility study
b. concept paper d. project proposal
25. This is the initial document that converts an idea or policy into the details of a potential project.
a. business plan c. feasibility study
b. concept paper d. project proposal

26-40 Choices are provided inside the box for items 26-40.
Analyze the following guide questions in developing a business plan that you must follow and select your answer from
the options inside the box

26. What customer policies will you adapt?

27. What human resource development program will you undertake?
28. Are you acquainted with the laws, policies and requirements of your business organization?
29. Will you improve the quality of the existing product?
30. Does your budget determine how you will spend your money?
31. How soon can you recover your investment?
32. Are facilities such as electricity, water, transportation and communication available?
33. Is the place accessible to raw materials and other supplies?
34. How many competitors are there in the market?
35. Are raw materials available?
36. What are your sources of funds?
37. In case your first choice is not available, do you have a good alternative?
38. Could you possibly offer a better-quality product or service at a lower price?
39. How many competitors are there in the market?
40. Do you have good personal relations with other people?

a. Conduct an analysis or survey of your market.

b. Make a financial plan.
c. Make a management plan.
d. Make a production plan.
e. Make an evaluation of your personal resources, interests, available raw materials, and
available specialized technical skills in your community.
f. Make an organizational plan.
g. Select a proper business location.

41. It involves manpower, money, machinery, materials, and methods to use in production.
A. Financial plan C. Organizational plan
B. Management Plan D.Production plan
42. It allows you to formalize your management structure and operations.
A. Financial plan C. Organizational plan
B. Management Plan D.Production plan
43. It provides information on amount of capital needed, source of funds, anticipated income and expenses, and estimate of
resources.
A. Financial plan C. Organizational plan
B. Management Plan D.Production plan
44. This plan includes the members of the team and the team’s contribution to the business.
A. Financial plan C. Organizational plan
B. Management Plan D.Production plan
45. It refers to a group of persons who use and patronize the products/services that specifically fits their needs/wants.
A. employees C. people
B. manager D. target market

TRUE OR FALSE. Write D if the statement is correct, otherwise write R.

_____46. Planning should be based on the felt needs of the community.

_____47. It is necessary to anticipate any unfavorable situations that he/she encounters in the future.
_____48. The business plan should be realistic
_____49. A business plan can also minimize the costs of production.
_____50. Planning is indispensable in putting up a business.