Republic of the Philippines

Department of Education
Negros Island Region
Division of Sagay City
North Negros Integrated School
S.Y. 2016-2017
First Periodical Exam
T.L.E. 9 (Entrepreneurship)

Name: ____________________________
______________Score:________

Year Section: ___________

Date:

I.DIRECTIONS: True/False: Read each statement correctly. Write T if the statement is TRUE.
Write F if it is FALSE. Write the correct answer on the space provided for in each number.

_____ 1. The easiest and fastest way to reach your goal is to get involved with entrepreneurial
activities.
_____ 2. Successful entrepreneurs continuously develop and improve their Personal
Entrepreneurial Activities (PECs).
_____ 3. In starting a business, you need to undergo training on entrepreneurial skills.
_____ 4. Opportunity seeker is considered as a characteristic of being an entrepreneur.
_____ 5. Successful entrepreneur do not take initiative.
_____ 6. Successful business people base their works to others.
_____7. As an entrepreneur, you must always consider the satisfaction of costumer in such a way
that qualitative service/product is ensured all the time.
_____ 8. Once a person enters in a line of business, he must understand that he is in a nonstop
contract that an entrepreneur should understand.
_____ 9. As an entrepreneur, you must be well versed in all aspects of business schemes.
_____ 10. An entrepreneur is a futuristic.
II.DIRECTIONS: Multiple Choice: Read and understand each question/statement carefully.
Write the letter of the correct answer on the space provided before each number.
_____ 11. What activities are substantially different depending on the type of organization and
activity involved?
A. business activities
B. entrepreneurial activities
C. market activities
D. social activities
_____ 12. What do you call to the person who notice opportunities and take the initiative to mobile
resources to make new goods and services?
A. businessman
B. costumer
C. employee
D. entrepreneur
_____ 13. According to him, entrepreneurship placed an emphasis on innovation, such as new
products, new production methods, new markets and new forms of organization.
A. James Backer
B. Joseph Schumpeter
C. Karl Marx
D. Peter Drucker
_____ 14. What do you call to the process of exploring the opportunities in the market place and
arranging resources required to exploit these opportunities for long term gain?
A. accounting
B. business
C. entrepreneurship

D. marketing
_____ 15. What do you call to the process of researching, promoting, selling, and distributing a
product or service?
A. accounting
B. business
C. entrepreneurship
D. marketing
____16. How to become a successful entrepreneur?
A. begin with yourself
B. involve yourself with the entrepreneurial activities
C. ask yourself if you are ready to enter into the world of business
D. try to examine yourself and compare with the PECs of a successful entrepreneur
_____17. One of the characteristics of entrepreneur is trustworthiness. How would you show this
kind of character in the world of business?
A. play the rules
B. build a good reputation
C. follow the Golden Rule
D. be accountable for your choices
_____18. In what way should an entrepreneur be responsible in the world of business?
A. by using self-control
B. by listening to others
C. by expressing gratitude
D. by following the laws and rules
_____ 19.
A.
B.
C.
D.

In what way should an entrepreneur show respect to others?

by showing care
by showing honesty
by showing all your best
by showing good manners

_____ 20. If you are determined to run your own business, you must concentrate on your work
either as a producer or a seller. What competency should be developed or showed?
A. hard-working
B. opportunity seeking
C. persistence
D. risk-taking
_____ 21.
A.
B.
C.
D.

As an entrepreneur you must be goal-oriented ____________.

by learning new things
by using logical or step-by-step plan
by developing goal to build a secure job and income
by advancing preparation for the success of your business

_____ 22.
A.
B.
C.

As a new entrepreneur, how will Leah demonstrate initiative?

She must use strategies to influence or persuade others.
She must have a strong faith in her ability despite the problems she encountered.
She must be concerned to know how well she is doing and keep track of her
performance.
D. She must put herself in position where she personally responsible for failure or success
of her business venture.

_____ 23.
A.
B.
C.
D.

If youre an entrepreneur, how will you build on your strengths?

by obtaining useful feedback
by utilizing business and personal contacts
by understanding a long-term goal for business
by showing the ability to make and use of network of contacts

_____ 24. As an entrepreneur, you must be firm, strong-willed and stick to your own belief? What
PECs of an entrepreneur you must be developed?
A. persistence
B. risk-taking
C. self-confidence
D. setting own standard

_____ 25. How to be prepared to the world of business?

A. You should start remaking something old for entrepreneurial.
B. You should possess the desirable characteristics of an entrepreneur.
C. You should know what characteristics are needed to become one entrepreneur.
D. You should wait for an open-handed person to fund and help you set up your own
business undertaking.
For no. 26-30. Read and understand the given situation. Choose the appropriate answer. Write
the letter of the correct answer on the space provided before each number.
Mrs. Gene Magtibay formerly a practitioner of her profession, a nurse. For so many years of
exercising his profession, she decided to go into business venture. Let us guide her to become an
entrepreneur by answering the following questions:
_____ 26.
A.
B.
C.
D.

What should she do in starting a business?

She should undergo training on entrepreneurial skills
She should study the concepts and principles of entrepreneurial skills
She should know what characteristics are needed to become one entrepreneur
All of the above are possible answers.

_____ 27.
A.
B.
C.
D.

How does Mrs. Magtibay fund her future business?

She will borrow money from friends and relatives.
She will seek for assistance of the financial institutions.
She will avail the government program on financing micro-macro business.
All of the above are possible answers.

_____ 28. If her business idea is day care center, what qualities of a future entrepreneur she must
possess?
A. handworker
B. patient
C. risk-taker
D. All of the above are possible answer.
_____ 29. Which of the following is NOT considered as her characteristic of being an
entrepreneur?
A. coping with failure
B. irritated
C. opportunity seeker
D. persistent
_____ 30.
A.
B.
C.
D.

If she wants to expand her business, what characteristics she must possess?
opportunity seeking
goal setting
futuristic
All of the above are possible answer.

_____31.
A.
B.
C.
D.

The following are the reasons for writing a business plan except ___________.
to attract employees
to attract investors and get financing
to understand the goal setting in a small range planning
to explain the business to other companies with which it would be useful to create an
alliance or contract

_____32. Liza plans for a business. The following can help her to become a successful
entrepreneur, EXCEPT ONE.
A. attract employees
B. handle unexpected problems
C. make good business decisions
D. allocate resources appropriately
_____33. Which of the following would help Rex to shape his original vision into a better
opportunity?
A. business plan
B. marketing plan
C. operating plan

D. project plan
_____34. Jane wants a good business plan. She wants to encourage people to read this section to
decide whether to read the rest.
A. business summary
B. executive summary
C. judiciary summary
D. legislative summary
_____ 35. In writing a business plan, the following are the things need to be done by an
entrepreneur EXCEPT ONE?
A. find for fund assistance
B. outline your financing needs
C. plan what you'll do with your plan
D. determine your goals and objectives
_____ 36. Often, entrepreneurs find themselves discouraged in the beginnings of a start-up. What
would be the possible problem encountered by them?
A. employee motivation
B. misplaced purpose
C. negative mindset
D. overestimating Success
_____ 37. Entrepreneurs lose sight of the importance of motivating team members. What would
be the possible challenge encountered by them?
A. employee motivation
B. misplaced purpose
C. negative mindset
D. overestimating Success
_____ 38. Many entrepreneurs have a bad habit of overestimating initial success, and for some
this means disappointment. What would be the possible challenge encountered by them?
A. employee motivation
B. misplaced purpose
C. negative mindset
D. overestimating Success
_____ 39. Some entrepreneurs have negative mindset. Failure and lackluster achievements
almost always have that affect. How to eliminate this kind of challenges?
A. Dont spread yourself too thin, recruit and hire the best for the job.
B. Dont let this discourage you if it was easy everyone would be doing it.
C. Dont let yourself fall in to the mindset that you cant accomplish your goals.
D. Dont get discouraged if your endeavor isnt initially as successful as you thought it
would be.
_____ 40. All entrepreneurs will at some point feel overwhelmed with the many responsibilities
that fall on their shoulders. As an entrepreneur, how should you overcome these kinds of
challenges?
A. I will engage myself to a positive business.
B. I will maintain order and responsibility when developing my organization.
C. I will keep pushing forward and that load, at some point, will begin to lighten up.
D. I will build something that everyone affiliated with my organization will benefit from.
III.DIRECTIONS: Essay: Read and understand the questions. In a good paragraph, state your
answer. Youll be scored in the following criteria; Content=5pts, Organization of thoughts=3pts,
and Mechanics (grammar, spelling) =2pts.
41-50. What are the biggest challenges faced by entrepreneurs? If you are an entrepreneur, how
will you going to accept this kind of challenges?