Victorias National High School

PRETEST
Entrepreneurship

Directions: Read the statements carefully and choose the letter of the correct answer that corresponds to the statements.

1. This is refer to the demographics and cultural dimensions that govern the relevant entrepreneurial behavior.
a. Social environment b. political environment c. Economic environment d. ecological environment
2. This is refer to the natural resources and the ecosystem that defines the habitat of man, animals, plants and minerals.
a. political environment b. technological environment c. ecological environment d. social environment
3. This is mainly driven by supply and demand forces.
a. economic environment b. political environment c. technological environment d. social environment
4. This is the transformation process where input are converted to output.
a. throughput b. output c. input d. end put
5. They are the kind of people who are innovative opportunity seekers.
a. teachers b. entrepreneurs c. engineers d. doctors
6. It allows the entrepreneur to see things in a very positive and optimistic light in the midst of crisis or difficult situations.
a. entrepreneurial mind frame b. entrepreneurial gut c. entrepreneurial feeling d. entrepreneurial heart
7. This refers to the ability of the entrepreneur to sense without using the five senses.
a. entrepreneurial heart frame b. entrepreneurial gut game
c. entrepreneurial mind frame d. entrepreneurial feeling
8. This is refers to the “big or macro forces” that affect the area, the industry, and the market which the enterprise belongs to.
a. tiny environment b. micro environment c. macro environment d. big environment
9. This refers to the demographical and cultural dimensions that govern the relevant entrepreneurial endeavor.
a. socio-cultural environment b. ecological environment c. political environment d. economic environment
10. It defines the governance system of the country or the local area of business.
a. ecological environment b. social environment c. economic environment d. political environment
11. This defines the supply and demand forces that mainly drive the macroeconomic environment.
a. technological environment b. cultural environment c. social environment d. economic environment
12. This is refer to the specific target market segment of a particular enterprise.
a. Micro market b. macro market c. target market d. market sources
13. It refers to the tastes of particular groups of people.
a. consumer’s choice b. consumer product c. consumer preferences d. consumer’s want
14. It refers to the things that irritate the customers.
a. consumer dislike b. consumer need c. consumer want d. consumer prefer
15. It states that the opportunity must be aligned with what you have as your personal vision, mission, and objectives for the
enterprise you want to set up.
a. revenues b. returns c. relevance d. reach
16. It states that the opportunity must match the values and desired virtues that you have or wish to impart.
a. risk b. resonance c. range d. reach
17. It states on how the opportunity resonate with the entrepreneur’s personal interest, talents, and skills.
a. reinforcement of entrepreneurial interest b. revolutionary impact
c. relative ease of implementation d. resource required
18. It refers to the importance in determining the sales potential of the products or services you want to offer.
a. reach b. range c. revenues d. risks
19. It states that if the opportunity that you want to pursue addresses the unfulfilled or undeserved needs and wants of
customers, then you have a better chance of succeeding.
a. responsiveness b. relevance c. resonance d. returns
20. This states that the opportunities that have good chances of expanding through branches, distributorships, dealerships,
or franchise outlets in order to attain rapid growth are better opportunities.
a. range b. resonance c. reach d. risks
21. It refers to the opportunity that has potential to lead a wide range of possible product or service offerings, thus, tapping
many market segments of the industry.
a. relevance b. range c. risks d. resonance
22. It is based on the estimated number of possible customers who might avail of the product or service.
a. market potential b. market segment c. market vendor d. market assurance
23. This would determine the needed capacity of operations.
a. quantities demanded b. price expectations c. specific demand d. capita investment
24. These are the costs related to the preparation for the launch of the business.
a. demand b. pre-operating costs c. capital d. production
25. This refers to the long-term investment for the actual business establishments.
 a. production/service facilities investment b. capital investment c. working investments d. operational
investments
26. This includes the investment needed to operationalize the business, composed of cash, accounts receivable, and
inventories.
a. working capital investments b. pre-operating cost c. quantities demanded d. production investments
27. This is a financial statement that measures an enterprise’s performance in terms of revenue and express over a certain
period.
a. tally sheet b. income statement c. balance sheet d. asset
28. It represents all the investments in the enterprise including the initial investments that you considered in the pre-feasibility
study.
a. balance b. finance c. assets d. equity
29. It represents the enterprise’s debts to suppliers, to banks, to government, to employees, and other financiers.
a. liabilities b. assets c. equity d. income
30. It represents the investor’s investments in the stock of the business.
a. income b. finance c. asset d. stockholders’ equity
31. This is one of the best ways of gathering data about customers in their natural setting without having to interact or talk to
them.
a. observation technique b. group discussion c. needed information d. flexibility
32. This is the most preferred instrument for in-depth quantitative research.
a. questionnaire b. survey c. observation d. demonstration
33. This is a type of sampling technique where the respondents are randomly selected from a population.
a. variability b. estimation c. probability sampling d. non-probability sampling
34. It refers to the technique that is resorted to “when it is difficult to estimate the population of the study because they are
mobile or transitory in a given location”.
a. non-probability sampling b. proportion c. probability sampling d. variability
35. These refers to factory foremen, doctors, taxi drivers, nurses, and teachers who determine the kinds of goods and services
these people would buy.
a. occupations b. lifestyle c. social classes d. business
36. It refers to habitats or areas of residence and environmental surroundings, oftentimes, define and limit the choices
available to customers.
a. Domiciles b. references c. perception d. demography
37. It defines the customer’s motivations, perceptions, preferences and lifestyle.
a. Psychographics b. social classes c. motivation d. occupations
38. It goes to the roots of customer’s needs and wants.
a. motivation b. needs c. wants d. areas
39. This is the way a person chooses to receive or interpret information from the external world.
a. perception b. senses c. motivation d. wants
40. It lays out what is important to the different customer segments from their differing points of view.
a. attitude b. latitude c. altitude d. magnitude
41. It represents the marketing map of product features and attributes of competitors in the marketplace.
a. latitude b. attitude c. longitude d. altitude
42. It refers to the tangible good or the intangible service that the enterprise offers to its customers in order to satisfy their
needs and to produce their expected results.
a. product b. consumer c. enterprise d. investments
43. This try to claim a new space in the mind of the customer different from the space occupied by existing products.
a. differentiated products b. breakthrough products c. niche products d. copycat products
44. This kind of product will not make much impression on the consumer’s mind.
a. copycat products b. niche products c. differentiated products d. breakthrough products
45. This kind of product do not intent to compete directly with the giants (business).
a. Breakthrough product b. copycat product c. niche product d. differentiated product
46. This is the often-recited mantra of salespeople who wants to have the best access to their customers.
a. investment b. product c. finance d. location
47. This refers to the physical look of a location, sanitary conditions, and crime and safety levels.
a. image and location conditions b. place c. fiscal and regulatory d. future area
48. This refers to the state or condition of the environment, which affects the mind and mood of customers, either in a positive
or negative way.
a. atmosphere b. place c. location d. investments
49. It means that the enterprise has the goods or services on hand.
a. accessible b. availability c. acceptable d. affordable
50. It means the price and payment terms are right.
a. affordable b. accessible c. availability d. adequate