Republic of the Philippines
Department of Education
Region 02
LICERIO ANTIPORDA SR. NATIONAL HIGH SCHOOL
Centro, Buguey, Cagayan
QUARTERLY EXAMINATION IN ENTREPRENEURSHIP
2nd Quarter First Semester, SY 2018-2019
“If you want to be trusted, be honest.” – Steve Maraboli
Name: ________________________________________Year & Strand: _______________ Date: _______________
I. MULTIPLE CHOICE
Directions: Choose the letter that corresponds to the correct answer. Write the answer on the space provided before each item.
1. Which of the following is NOT a purpose of making a Business Plan when planning to enter any business?
a. To guide entrepreneurs throughout the process of building a business.
b. To guide the entrepreneurs on getting his or her business to become disorganized and chaotic.
c. To guide the entrepreneurs to focus on bringing the business to a higher level of growth.
d. To guide the entrepreneurs on which strategies would be most beneficial for the business.
2. Why do businesses need a clear and specific objective?
a. To know everything about the business and its control.
b. To make the business be well-known.
c. To guide the business on what should be achieved and its main purpose.
d. To give hope and determination on pursuing the business.
3. In implementing the Business Plan, the entrepreneur should have a very clear purpose in building the business. Which of the
following is the reason why the purpose of the business should be clearly stated?
a. For the sake of customers who will detest your product.
b. For the sake of investors who do not mind the money they invested.
c. For the sake of financers critiquing the business
d. For the sake of customers who are fond of your business.
4. All statements below are the following information that a business plan should contain EXCEPT
a. The business itself
b. Its competitors
c. Its market potential
d. Its projected sales, expenses and profit
5. When an entrepreneur decided to start operating the business, he/she should first register the business with the proper
authorities. He/she is required to secure what important license from municipal hall?
a. Barangay clearance
b. Fire safety clearance
c. Certificate of occupancy
d. Mayor’s permit
6. Which of the following situations show a partnership type of business structure?
a. Mr. Villanueva decided to build a poultry beside his house which he, himself is managing.
b. Mr. Oclos has 15 stockholders that have capital stocks divided into shares in his Shoe business.
c. Mr. Berbano and his other two colleagues have a contract to contribute money and expertise and divide the profit
among themselves.
d. Mr. Tolentino decided to invest his money in a form of stocks in a company that sells imported wines and whiskeys.
7. In operating a business, the manpower is very important. Which of the following should a businessman consider in hiring
his/her employees?
a. The employees should always contradict the decisions of their boss.
b. The employees should have a good character and competence.
c. The employees should be too confident to the point of ignoring other’s opinions.
d. The employees should be courteous to the customers only.
8. There are certain things that need to be considered in choosing a business partner. How do a businessman should choose a
business partner?
a. The business partner should be well-meaning who can contribute his/her expertise.
b. The business partner should be good looking to appeal the customers.
c. The business partner should be generous to always give discounts to the customers.
d. The business partner should know how to count money.
9. Why is determining a target market important?
a. Focusing on a target market makes it easier to develop products people want.
b. The less successful they will be in delivering products and services that are in demand.
c. It makes the promotion, pricing and distribution of your products and/or services harder and less cost-effective.
d. To have difficulty in identifying the proponents of the business of having the highest potential of support for the
product or service that the business will be offering.
10. Why is it there a need to analyse the need of target market?
a. To satisfy the wants and the needs of the consumer.
b. To satisfy the luxurious life of consumers.
c. To find additional burden to the life of consumers.
d. To acquire additional assets for some consumers.
11. In selling now your products to the target consumers, why do many entrepreneurs are targeting a strong brand name of the
business?
a. To ensure the success of the product because of its performance.
b. To discourage customers in buying the product.
c. To make sure that the product will be famous.
