Entrepreneurship

Preliminary

Name: ___________________________________________Course:_____________ Date:___________ Score:______ ___/50

I - Direction: Select only the letter of your answer from choices below. Write only the letter on the space
provided before each statement.

A. Manufacturing F. Small & Medium Business K. Medium Business Enterprise

B. Trading Business Enterprise L. Cash In
C. Micro business G. Promotion M. Cash out
D. Agri & Aqua Business H. Micro Business Enterprise N. Advertisement
E. Personal Service I. Publicity O. Service Business
J. Price
1. ___ It is what you are going to charge your customers for products or services. It also includes the discounts you will
give and any terms of credit you will offer to your customers
2. ___ It is a type of business having employees of 10-199 and requiring seed capital of not more than 100 million.
3. ___ A type of SMBE providing various types of labor services in a wide variety of business sectors.
4. ___ It is the business of buying and selling commodities
5. ___ It is a type of small business, often unregistered, having five or fewer employees and requiring seed capital of
not more than 3 million.
6. ___ These are various businesses involved in food production, including farming and contract farming, seed supply,
agrichemicals, farm machinery, wholesale and distribution, processing, marketing, and retail sales.
7. ___ A category of MSME which involve a capital of up to 3 million which also consist of 1-9 employees.
8. ___ Another category of MSME which involve a capital of P15,000,001 - P100,000,000 which consist of 100-199
employees.
9. ___ It means informing and attracting the customers to buy your products or services.
10. ___ It gives information to your customers to make them more interested in buying your products or services using
posters, pamphlets, signs, pricelist and business cards.
11. ___ It refers to “Free promotion” which you can get through an article being written about your new business in the
local newspaper or in magazines; being featured on local radio will also help.
12. ___ It involves conversion of raw materials into products needed by society.
13. ___ These are usually payments for expenses such as materials, transportation, supplies, equipment, loans, and
others.
14. ___ These can come from Sales of products, a Loan, or Payments from people who owe you money for the business.
15. ___ A type of service which may involve: Tutorial, massage parlor, spa, beauty parlor, voice lesson, school bus, Skin
clinic, dental clinic, medical services, funeral parlor, flower arrangement
II – MATCHING TYPE: Use capital letter as your answer.
1. ___ Hardworking a. Ability to set realistic targets.
2. ___ Self-confident b. Interest in money generation.
3. ___ Profit-Oriented c. To succeed, one must believe in one’s self.
4. ___ Goal-Oriented d. Working diligently and industriously.
5. ___ Persistent e. Being able to listen to the advice of others.
6. ___ Respond to feedback f. Obtaining useful feedback and advice from
7. ___ Willing to listen others.
8. ___ Committed g. Being patient and strives to achieve the goal.
9. ___ Reliable and has integrity h. Ability to take measured or calculated risks.
10. ___ Risk-taker i. Being honest, fair and trustworthy.
j. A major priority in the entrepreneur’s life.

III – MULTIPLE CHOICE: Use capital letter as your answer.

1. ___ The following are examples of peoples’ basic needs, except.

 a. Recreation c. Shelter
b. Clothing d. Food
2. ___ Which of the following should be considered first by a prospective entrepreneur in choosing the right
location for his/her store?
a. Type of merchandise c. The attractiveness of the store layout
b. The access of the target customers d. The prevailing prices of goods in the area
3. ___ Thong plan to put a “digi-print” studio in their locality. Which of the following will help him determine
his plan for a success setting up of his business?
a. Survey of consumer associations c. Getting feedback on the quality of service
b. Checking for similar business to avoid d. Conduct a SWOT analysis
competition
4. ___ Ceasar studies the population in his immediate community. He is doing this to –
a. Identify his would be “suki”, d. Determine whom to sell his product of
b. Predict his biggest buyer. service.
c. Select his favorite costumers.
5. ___ When an entrepreneur improves and alter products to make it more appealing to target consumers,
he/she is doing an --------- of the product.
a. Alteration c. Innovation
b. Invention d. improvisation
6. ___ What PECs must be possess if there are customers who complain about the quality of her product?
a. Patience c. Versatile
b. Hardworking d. All of the above
7. ___ Which of the following is NOT considered as a characteristic of an entrepreneur?
a. Copes with failure c. Persistent
b. Dependent d. Opportunity seeker
8. ___ If she wants to ensure a profitable business operation, what characteristic will she maintain?
a. commitment c. futuristic
b. goal oriented d. opportunity seeker
9. ___ Mrs. Magno follows the advice of a friend to be flexible especially if she intends to open a retail
business.
What PECs has been demonstrated by Mrs. Magno?
a. Self-confidence c. Open to feedback
b. Reliable and has integrity d. persistent
10. ___ She tells Mary, her best friend that she has a strong will and does not give up to find a solution to a
business problem. What PECs has been demonstrated by Mrs. Magno?
a. Hard work c. Self-confidence
b. Persistence d. Risk-taking
IV - Enumeration:
1-7 Marketing Mix (7Ps) in relation to the business opportunity
8-10 Three types of an Entrepreneur.
11-14 4 Ms’ needed to operate a business
15 Give at least one characteristic of a good business

Trivia:
Who is the owner and founder of the Philippine multinational fast food chain restaurant, “Jollibee”.