Educational Systems Technological Institute

Murallon Boac, Marinduque

Prelim Examination
Entrepreneurship
Name: ________________________________
Date:_____________________
Yr/Section _____________________________
Score:____________________
Multiple choice:
Direction: Read and analyzed each question. Write the best answer on the space
provided before each number.
_______1. It refers to individual who takes initiative to bundle resources in innovative
ways and is willing to bear the risk and uncertainty to act.
a. Entrepreneurship
b. Entrepreneur

c. entrepreneurial action
d. entrepreneurial process

______2. It refers to the process of creating something new with value by devoting
the necessary time and effort ; assuming the accompanying financial, psychic, and
social risks and uncertainties; and receiving the resulting rewards of monetary and
personal satisfaction.
a. Entrepreneurship

c. entrepreneurial action

b. Entrepreneur

d. entrepreneurial process

______3. Refers to the behavior in response to a judgmental decision under

uncertainty about a possible opportunity for profit.
a.Entrepreneurship
b. Entrepreneur

c. entrepreneurial action
d. entrepreneurial process

______4. The process of creating something new with value by devoting the
necessary time and effort , assuming the accompanying financial , psychic , and
social risks and uncertainties and receiving the resulting rewards of monetary and
personal satisfaction.
a. Entrepreneurship

c. entrepreneurial action

b. Entrepreneur

d. entrepreneurial process

_____5. This refers to the process by which an entrepreneur comes up with the
opportunity for a new venture .
a. Entrepreneur
b. Entrepreneurial action

c. entrepreneurial process
d. opportunity identification

_____6. It is the time period available for creating new venture.

a. Opportunity identification
b. Entrepreneurial process

c. entrepreneurial action
d. window opportunity

_____7. It refers to the description of the future direction of the business.

a. Causal process
b. Effectuation process

c. business plan
d. window of opportunity

_____8. This process starts with desired outcome and focuses on the means to
generate that outcome.
a. effectuation process
b. causal process

c. entrepreneurial process
d. window process

_____9. This process starts with one has ( who they are , what they know , and
whom they know) and selects among possible outcomes.
a. Effectuation process
b. Causal process

c. entrepreneurial process
d. window process

_____10.This involves the ability to rapidly sense, act and mobilized even under
uncertain conditions.
a. Entrepreneurial mind-set
b. Cognitive adaptability

c. comprehension questions
d. connection tasks

_____11. This describes the extent to which entrepreneurs are dynamic, flexible, selfregulating , and engage in the process of generating multiple decisions frameworks
focused on sensing and processing changes in their environment and then acting on
them.
a. Entrepreneurial mind-set
b. Cognitive adaptability

c. comprehension questions
d. connection tasks

_____12. Questions designed to increase entrepreneurs understanding of the nature

of the environment.
a. Comprehension question
b. Cognitive question

c. connection question
d. reflection question

_____13. This is the tasks designed to stimulate entrepreneurs to think about the
current situation in terms of similarities to and differences from situations previously
faced and solved.
a. Comprehension question
b. Connection task

c. connection question
d. reflection task

_______14. This task designed to stimulate entrepreneurs to think about which

strategies are appropriate for solving the problem or pursuing the opportunity.
a. Connection task
b. Comprehension task

c. strategic task
d. reflection task

______15. This task designed to stimulate entrepreneurs to think about their

understanding and feelings as they progress through the entrepreneurial process.
a. Connection task
b. Comprehension task

c. strategic task
d. reflection task

_____16. This refers to an approach to negative emotions that involves working

through, and processing some aspect of the lost experience and as a result of this
process breaking emotional bonds to the object lost.
a. Restoration-orientation
b. Loss-orientation

c. dual process for coping

d. reflection tasks

______17. This is an approach to negative emotions based on both avoidance and

proactiveness toward secondary sources of stress arising from a major loss.
a. Loss-orientation
b. Dual process for coping

c. reflection tasks
d. restoration-orientation.

______18. It involves oscillation between a loss-orientation and restoration

orientation.
a.
b.
c.
d.

Dual process for coping with negative emotions

Dual process
Reflection tasks
Restoration-orientation

_____19. This is the study of behavior and morals in a business situation.

a. Dual process
b. Business ethics

c. iterative synthesis
d. ordinary innovations

______20. It is the process for developing and commercializing an innovation.

a. Dual process for coping
b. Ordinary innovations

c. iterative synthesis
d. product-evolution process

______21. This refers to the intersection of knowledge and social need that starts the
product development process.
a. Ordinary innovations
b. Iterative synthesis

c. technological innovations
d. break through innovations

______22.This innovations refer to new products with little technological change.

a. Ordinary innovations
b. Iterative synthesis

c. technological innovations
d. break through innovations

______23. It refers to the new product s with significant technological advancement.

a. Ordinary innovations

c. technological innovations

b. Iterative synthesis

d. break through innovations

______24. It refers to the new products with some technological change.

a. Ordinary innovations

c. technological innovations

b. Iterative synthesis

d. break through innovations

_____25. This is the motivational factors that influence individuals to pursue

entrepreneurial outcomes.
a. Ordinary innovations

c. technological innovations

b. Iterative synthesis

d. break through innovations

Enumeration:
I.

Write the four distinct phases of the entrepreneurial process.

1.
2.
3.
4.

II. Give the three nature of an entrepreneurs decision making environment.

1.
2.
3.
III. Give 10 procedure for bringing the product/ services to market by Kotler.

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Essay.
I.

Explain the rule of entrepreneurship in economic development. (5 points)

II.

What is the rule of government in entrepreneurship?( 5 points)

Checked by: Mrs. Jenifer R. Molbog

VPAA
Prepared by: Mary Rose S.
Matimtim

Subject
teacher
Educational Systems Technological Institute
Murallon Boac, Marinduque
Prelim Examination
Economics
Name: ________________________________
Date:_____________________
Yr/Section _____________________________
Score:____________________
Multiple choice:
Direction: Read and analyzed each question. Write the best answer on the space
provided before each number.
_____1. Economics comes from the Greek word eikonomia which means ____.
a. Making a household
b. Building a house

c. running a household
d. ruin a household

____2. According to him economics is the science, which deals with the activities of
man in obtaining wealth for the satisfactions of his wants.
a. Collen
b. Walshad

c. Bingham
d. A.V. Castillo

____3. Person who refers economics as the study of production , distribution selling
and use of goods and services.
a. Collen
b. Walshad

c. Bingham
d. A.V. Castillo

____4. ____ means when there are not enough of resources to meet the needs of
everyone who want to used it.
a. Scars
b. Scarcity

c. iscarcity
d. escarcity

____5. It refers to the types of economics that can be seen in the family or ordinary
household.
a. Business economics

c. National economics

b. Household economics

d. International economics

____6. It refers to the sources of capital that may be personal property or any that is
converted into cash.
a. Profits of business recycled as new capital
b. Borrowed capital

c. assets
d. Fixed capital

_____7.It can be seen in a business, offices, company when a person or group of

persons begins to work.
a. Household economics
b. Business economics

c. national economics
d. international economics

_____8. This studies the total income and expenses of the population and
government of their country.
a. Household economics

c. national economics

b. Business economics

d. international economics

_____9.It scopes the economic activity of the business of one country with the other
countries.
a. Household economics

c. national economics

b. Business economics

d. international economics

_____10. Sources of capital that repaid with interest.

a. Assets
b. Borrowed capital

c. Personal savings
d. Profits

_____11. This capital may be defined as capital goods, which can be used for many
times.
a. Assets
b. Fixed

c. circulating
d. Borrowed

_____12. This types of capital used once or no more like a gasoline and has to be
replenished.
a. Assets
b. Fixed

c. circulating
d. Borrowed

_____13.An individual who takes initiative to bundle resources in innovative ways

and is willing to bear the risk and uncertainty to act.
a. entrepreneurial process

c. entrepreneurship

b. Entrepreneur

d. entrepreneurial action.

_____14. This refers to the fifth agent in production where the goods and services
are produced.
a. Governor
b. Law

c. labor
d. government

_____15. It is defined by economist as the creation of utility with wontedness and

desiredness.
a. Distribution
b. Production

c. consumption
d. exchange

____16. It is the division of the national income among the different factors of
production.
a. Distribution

c. consumption

b. Production

d. exchange

_____17. It refers to the utilization of goods in the direct satisfaction of human

wants.
a. Distribution

c. consumption

b. Production

d. exchange

_____18. This process refers to the mutual transfer of wealth that is produce.
a. Distribution

c. consumption

b. Production

d. exchange

_____19. It refers to the quantity of a commodity that the buyers are willing to buy
at the specific price.
a. Distribution
b. demand

c. consumption
d. exchange

______20. This refers to the quantity of a commodity that the sellers are willing to
sell at the specific time.
a. Distribution

c. supply

b. Production

d. exchange

______21. This refers to the amount of money in exchange for goods and services.
a. Consumption

c. supply

b. Demand

d. price

_____22. This refers to all business firms that undertake production includes, poultry
farming, vegetable and fruit farming and fishpond business.
a. Production
b. Manufacturing

c. trading
d. service

_____23. This refers to all firms which are not engaged in production or
manufacturing but with buying and selling of goods that are produce or
manufactured by other firms.
a. Production
b. Manufacturing

c. trading
d. service

_____24. A business firm that operates various plants that produce various types of
goods and services is called ___.
a. Manufacturing
b. trading

c. conglomerate
d. service

____25. It is owned and operated by two or more persons.

a. conglomerate
b. Production

c. partnership
d. trading.

_____26. It refers to an association of two or more persons who are actively involved
in the business and all of which have unlimited liabilities.
a. General partnership
b. Limited partnership

c. corporation
d. joint venture

_____27. Types of partnership where the encouragement of the liability of one or

more partners is limited to the amount invested in the business.
a. General partnership

c. corporation

b. Limited partnership

d. joint venture

_____28. It is made up of a group of individuals (stockholders) that registered with

the SEC and must have a board of directors responsible for controllers of the
company in behalf of the stockholders.
a. General partnership
b. Limited partnership

c. corporation
d. joint venture

_____29. It is a partnership established for a specific or limited time and is formed

when a foreign company finds a local partner to share the cost and operation of the
business.

a. General partnership
b. Corporation

c. joint venture
d. limited partnership

_____30. This refers to the voluntary organization of individual with the common aim
and interest of economic improvement for the group.
a. Corporation
b. Cooperatives

c. joint venture
d. general partnership

III.
Enumeration.
A. Give 3 basic problem in economics
1.
2.
3.
B. Five factors affecting consumer taste.
1.
2.
3.
4.
5.

C. Five main actors in the International Company.

1.
2.
3.
4.
5.
D. Give at least 5 subjects related to economics.
1.
2.

3.
4.
5.

Essay:
Why do you need to study economics?

Checked by: Mrs Jenifer R. Molbog

VPAA

Prepared by: Mary Rose S.

Matimtim
Subject
Teacher