PERPETUAL HELP PARAMEDICAL COLLEGE

Happy Homes Subdivision, Tagas,Tabaco City

SENIOR HIGH SCHOOL DEPARTMENT

2nd Quarter Examination in Entrepreneurship

GENERAL DIRECTIONS: Read and understand each of the following questions. Write your answers on your answer test booklet/ answer sheet.
I. Multiple Choice: Read and understand the following questions then choose the best option form the choices.
1. Which of the following is the most basic of all management functions?
a. Controlling b. directing c. organizing d. planning
2. What are considered as positive factors of a business venture?
a. Opportunities and weaknesses c. strengths and opportunities
b. Strengths and threats d. strengths and weaknesses
3. Which is NOT true in a business plan?
a. It does not detect defect b. it eliminates risk c. it forecasts future situations d. it minimizes costs
4. What is the most likely the cause of failure of Filipino entrepreneurs?
a. Crab mentality b. failure to meet deadline c. weaknesses d. “bahala na” attitude
5. The financial statement that shows the financial condition of the business as of a given date.
a. Income statement b. cash flow statement c. balance sheet d. statement of planning premises
6. The portion of the business plan that contains the organizational structure, operating expense, capital requirements and cost of goods sold.
a. Market strategies b. analysis of the competition c. operations and management d. financial data
7. This portion of the promotion strategy is a detailed presentation of the publicity strategy of the firm.
a. Advertising aspects b. packing c. public relations d. sales promotion
8. They sell directly to consumers.
a. Brokers b. wholesalers c. retailers d. manufacturer’s representatives
9. The part of the business plan that indicates the name of the business, the names of the proponents, address and others.
a. Tittle page and contents b. executive summary c. description of the business d. description of the product or service

II. Identification: Read and analyze the following incomplete statements. Choose the right term to make the statement correct or complete.

a. Actual business e. Poor management i. Risks

b. Business plan f. Production plan j. SWOT
c. Capital g. Goals
d. Bloodstream h. Gold

1. _______________________ serves as your guide in managing your enterprise.

2. A business plan is anticipated before _____________________ is assumed.
3. Lack of __________________ is one of the entrepreneur’s problems to finance business.
4. _________________- is the parallel effect of lack of planning in business.
5. An organizational plan is responsible on how to execute plans, objectives and _____________ of an enterprise.
6. Planning can minimize _____________.
7. In business, time is ______________.

III. TRUE OR FALSE:

Directions: Read and understand the following statements and identify whether it is correct or not. Write HAPPY is the statement is correct if not
write SAD.
1. Income statement is a portion of balance sheet lists the assets of the firm in order of liquidity.
2. Balance sheet is a type of financial statement that shows the financial condition of the business as of a given date.
3. Income is a portion of financial data which shows the income, expenses and profits of a firm over a period of time.
4. Money represents the fund requirements to obtain any equipment needed to generate income.
5. Cash flow refers to the difference between total income and total expenses.
6. A well-defined and realistic organizational structure is not an important element of the business plan.
7. The small business operator will find it difficult to compete if his competitors are unknown to him.
8. Public relations are means used to support the sales message like special sales, coupons, contests, premium awards, trade-in, among others.
9. Market strategies refer to what the SBO plans to do to achieve the market objective of the firm or business.

IV. Essay:
1. Explain the importance of customer relationship management in achieving a well business venture. (10 points)
2. What supporting documents may be included in the business plan? Give at least 5.
3. How important is the business plan to the owner? To the prospective investors and lenders? (5 points)
4. What components are indicated in the operations and management sections of the business plan? (5 points)

I can do all things through Christ which strengthened me. – Philippians 4:13
And all things, whatsoever ye shall ask in prayer, believing, ye shall receive. – Matthew 21:22

Enjoy your SUMMER vacation!!!!

Prepared by: VLADIMIR BARCENAS