Department of Education

Region X
Division of Misamis Oriental
KINOGUITAN NATIONAL AGRICULTURAL HIGH SCHOOL
Kinoguitan, Misamis Oriental
Entrepreneurship 9
First Quarter Examination

I. Direction: Encircle the letter of the correct answer.

1. The system by which the production and consumption of goods and services is
organized in a country or community.
a. Enterprise c. Entrepreneurship
b. Economy d. employment
2. It is the uprightness of character; honesty.
a. Innovation c. Passion
b. Integrity d. Obstacle
3. Transforming ideas into economic opportunities is the ___________.
a. Capacity for innovation c. Index of entrepreneurship
b. Eradication of poverty d. Important factor of economic
4. What happens when entrepreneurial activities slow down?
a. Unemployment c. Improve quality of life
b. Increase tax revenues d. Even distribution of income
5. Which of the following is not included in the Planning Cluster of PEC’s?
a. Goal setting c. Self-confidence
b. Information- Seeking d. Systematic Planning and Monitoring
6. Which PEC’s behavioral indicator meets or beats existing standards of excellence to
improve performance?
a. Opportunity seeking c. Persuasion and networking
b. Demand for quality and efficiency d. Commitment to the wotk contract
7. A management function that clusters the activities into departments or job positions,
and designating the personnel to head and compose each department.
a. Directing c. Organizing
b. Planning d. Staffing
8. It is the most basic management function that tells you where to go and how to get
there.
a. Directing c. Organizing
b. Planning d. Staffing
9. The manager has direct command over workers who accomplish the tasks.
a. Functional staff organization c. Line and staff organization
b. Line organization d. Assembly
10. Refer to the documents of ownership of a business.
a. Legal forms c. Business
b. Proprietorship d. Liabilty
11. ______________ is a business form owned by two or more persons.
a. Corportion c. Patnership
b. Sole-proprietorship d. Cooperative

For items 12-14, read the story of Jane and Rose.

Jane and Rose

Jane and Rose are best of friends working in the same agency. While they were having their coffee
break one day, Rose having three children going to school complained to Jane how difficult to make
ends meet to the meager salary they are receiving. When Jane heard her friend, she sais “ why dont you
put-up a sideline? You are a good cook. You can sell peanut adobo, brittle, peanut butter or other food
products. I am sure you will not have problems in terms of raw materials because these raw materials
are abundant in our community.
 Rose is sold to the idea and persuaded her friend to be her partner. The two friends contributed P
2,000.00 each to start the business. They agreed to have equal profit. Rose would take care of
production while Jane will concentrate on marketing.

Jane started getting orders while Rose concentrated in cooking. When they succeeded on getting
big orders they decided to register their business as a partnership under the name R & J Food Products.
From then on, their customers have regular orders and even becoming bigger.

After six months of operation, the partners earned P 20,000.00 and they decided to devide it
equally between them. Meanwhile, Rose was exhausting herself with her production efforts, while
Jane’s life went on very casually because once the first orders have been booked, most of the buyers
placed repeated orders.

Before the business reached its first year anniversary, Rose got sick and advised to rest. Rose can no
longer cook and Rose husband’s forbade her to continue the business.

 What went wrong with the business?

 What type of business organization did Jane and Rose entered?
 Were the partners right in splitting the profits equally?

15. which of the following best describe entrepreneurship?

a. has the capacity for innovation, investment and creation of markets, products and techniques
b. empowers citizens, generates innovation and changes mindsets
c. creates employment
d. a, b,and c
16. The initial step in identifying the needs of the community is through _____________.
a. employment rate c. Environmental scanning
b. determining objectives d. Physical aspects
17. When you identify the demands of the people then you are identifying the _______________
a. community needs b. Industrial information
c. local specialized skills d. Technology
18. How will you determine the needs of the people in your community?
a. conduct an environmental scanning c. Make use of surveys and referrals
b. make use of observations d. All of the choices
19. As an entrepreneur, how will you make your product more useful and of good quality?
a. change the brand of the product into a new one
b. seek assistance from the government
c. use your creativity and imagination
d. none of the above
20. The growth of industry always creates opportunities for establishing an eterprise. What does this
imply?
a. Industrial information c. Synchronization of plans
b. Review of ild projects d. Technology
21. Refer to the planning tool used to understand the stregths, weaknesses, opportunities, and threats
Involved in a project or in a business.
a. Analysis c. SWOT analysis
b. EnvironmentAL Scanning d. Quality control
22. When there is competition, then there is a ______________ in business.
a. opportunity c. Strength
b. threat d. Weakness
23. If the people in the community patronize your product, then your business has ________________.
a. operation c. Strength
b. threats d. Weakness
24. The statistical study of human population and its distribution is called_______________.
a. demography c. Ecology
b. photography d. Psychology
25. Anything that can be offered to a market that might satisfy a want or need.
a. package c. Service
b. product d. Technology
26. Which of the following is not an ingredient that defines a product?
a. brand promises c. Description and features
b. delivery processes d. Tangible element
27. He is the person who makes a proposal or a proposition for a product concept.
a. market c. Packaging
b. price d. Proponent
28. A ___________________ is owned by 25 or more individuals who, like in a corporation buy shares in
the business.
a. Corporation c. Cooperative
b. Sole-proprietorship d. Partnership
29. It is the gain or recurrent benefit usually measured in money that derives from capital or labor.
a. enterprise c. Liability
b. transaction d. Income
30. A diagram that shows the relationships of the position and their corresponding authority,
Responsibility, and accountability is _______________.
a. Functional type organization c. Line and staff organization
b. Line organization d. Organizational chart

II. Enumeration:

31-35. Management Functions of Entrepreneurs

36-40. Five Ingredients that Define a Product
III. Matching Type:

1. Achievement cluster a. Stakeholders

2. PEC’s b. Putting plans into effect
3. Possibility of suffering harm/loss c. Independently owned/ operated by
owner
4. Environmental scanning d. Persistence
5. Planning Cluster e. Goal setting
6. Product concept f. Personal entrepreneurial
Characteristics
7. Corporation g. Risk
8. SWOT h. Idea generation
9. Directing i. Entrepreneur
10. Small business j. Interview
k. strength, weaknesses, opportunities
and threats

GOOD LUCK !!!!

Prepared by:

Catheryn C. Tagupa
Teacher I