GOV. ROQUE B. ABLAN SR.

MEMORIAL ACADEMY INC

SOLSONA, ILOCOS NORTE
Final Examination

Entrepreneurship / Principles of Marketing

Grade 12 ABM

Name: Year & Section: Score: ________________

I. Multiple Choices. Choose the letter of the best answer.
1. It is the act of creating a business or businesses while building and scaling it to generate a profit.
a. Employment b. Entrepreneur c. Entrepreneurship d. Marketing
2. He/She is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to
do so.
a. Architect b. Employee c. Entrepreneur d. Politician
3. The following are the common and core competencies of an entrepreneur, EXCEPT ONE.
a. Indecisive b. Proactive c. Risk Taker d. Sociable
4. He/She is the one applying for a job and is interviewed by the company’ hiring committee.
a. Owner of the business b. Employee c. Entrepreneur d. a & c
5. The following are our basic needs EXCEPT
a. Clothing b. Food c. Television d. Shelter
6. The following are the proper uses of technology EXCEPT
a. To obtain information c. To access different digital contents
b. For social interaction d. To bash others.
7. It is a process by which companies create value for customers and build strong customer relationships to capture value from
customers in return.
a. Entrepreneurship b. Funding c. Marketing d. Training
8. It is something that you decide to get but without which you can survive and exist; car, cellphone and etc.
a. Demand b. Need c. Supply d. Want
9. When an entrepreneur starts a new business, ______ is involved. ______ is the chance of losing something.
a. Money b. Need c. Risk d. Want
10. He/She is the one who provides jobs and owner of the business and conducts the talent selection.
a. Architect b. Employee c. Entrepreneur d. Politician

II. True or False. Write TRUE if the statement is correct and write FALSE if the statement expresses wrong information.
11. An employee prepares policies, procedure and memoranda for the business.
12. An example of a need is food.
13. Diamond Necklace is an example of want.
14. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an
ever changing and increasingly competitive global marketplace.
15. Entrepreneurs commonly face many obstacles when building their companies.
16. Entrepreneurship disperses the economic power and creates inequality.
17. Entrepreneurship produces more jobs that equate to an increase in national income.
18. In a market full of uncertainty, it is the entrepreneur who can actually help clear up uncertainty, as he makes judgments or
assumes the risk.
19. Some of the core competencies of an entrepreneur are proactive, balanced, innovative and sociable.
20. Marketing includes advertising, selling, and delivering products to consumers or other businesses.
21. Marketing is principally about communication.
22. Price refers to an item or items the business plans to offer to customers.
23. Rice refers to how much the company will sell the product for.
24. Technopreneur is an entrepreneur who puts technology at the core of his or her business model.
25. The word “entrepreneur” has French origin and was coined from the word entire, which means “all”.

Prepared by:

GERALD RYAN M. BARTOLOME

Teacher