REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF EDUCATION
REGION III
SCHOOLS DIVISION OF NUEVA ECIJA
PEÑARANDA NATIONAL HIGH SCHOOL
SENIOR HIGH SCHOOL
Poblacion 1, Peñaranda, Nueva Ecija 3103

THIRD PERIODICAL TEST IN ENTREPRENEURSHIP

Name: Grade & Section: Date:

GENERAL DIRECTION:
1. Follow the direction in each part of the examination carefully. Failure to do so will make your answer incorrect.
2. Use ONLY black or blue ball pen.
3. Put your answer in the space before the number.
4. No erasure or superimposition of answer, otherwise it will render your answer void.
5. Strictly NO CHEATING. Anyone who will be caught on the act will automatically receive a score of 0.
6. Ask only your teacher whenever there is any question regarding the examination.
7. PRAY before you start.

I. Multiple Choice: Select the best answer from among the choices given. Write the letter of your answer on
the answer sheet.
1. A written document prepared by the entrepreneur that describes all the relevant internal and external elements
and strategies for starting a new venture.
a. Business Goals c. Executive Summary
b. Business Plan d. Mission and Vision
2. The business plan is written_______________.
I. prior to setting up an enterprise, which are similar to a prefeasibility study and a feasibility
study.
II. during the first few years of the enterprise in order to guide the entrepreneur on which
strategies would be most beneficial for the enterprise to take.
III. after a period where the enterprise has already reached its peak and would want to enter into
another endeavor by recreating and re-establishing itself.
a. I & II only c. I & III only
b. II & III only d. I, II & III
3. Who should write the Business Plan?
a. The president of the board of directors. c. The manager.
b. The entrepreneur d. The business proponents
4. Who reads the Business Plan?
I. Customers
II. Investors
III. Business Proponents
IV. Employees
a. II only c. III only
b. II & III d. I, II, III & IV
5. Which is NOT a part of the Business Plan?
a. Business Goals c. The business methodology
b. The product and service offerings d. Executive Summary
6. Which enterprise has an asset size that does not exceed P50,000?
a. Cottage Enterprise c. Small Enterprise
b. Micro Enterprise d. Medium Enterprise
7. Which enterprise is often owned and managed by a corporation?
a. Small Enterprise c. Large Enterprise
b. Medium Enterprise d. Cottage Enterprise
8. What do you call an association of two or more persons who act as co-owners of a business?
a. Single Proprietorship c. Corporation
b. Partnership d. Cooperative

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9. Partnerships are registered in the _______________________.
a. Department of Trade and Industry c. Securities and Exchange Commission
b. Bureau of Internal Revenue d. Social Security System
10. Which enterprise is created by operation of law to be an artificial being having a legal existence?
a. Single Proprietorship c. Corporation
b. Partnership d. Cooperative
11. What enterprise where members contributes equity capital, and shares in the control of the firm on the basis of
one-member, one-vote principle?
a. Single Proprietorship c. Corporation
b. Partnership d. Cooperative
12. Which is NOT an advantage of Partnership?
a. Relatively easy to set up c. Availability of more capital and credit
b. Limited liability d. Retention of profits to fewer owners.
13. Which is NOT a disadvantage of a Corporation?
a. Complicated setting-up process
b. Individual stockholders may have limited influenced on management
c. Unlimited liability
d. Strictly regulated and supervised by the government
14. All are characteristics of a Cottage Industry EXCEPT:
a. asset of P250,000 to P500,000,
b. home based,
c. often managed and operated by members of family
d. employs 10 to 20 people
15. It defines the company's business, its objectives and its approach to reach those objectives.
a. Vision Statement c. Key Result Area
b. Mission Statement d. Performance Indicators
16. The qualitative manifestations that the objectives are being achieved.
a. Performance Indicators c. Vision Statement
b. Mission Statement d. Key Result Area
17. __________________ is the quantified performance measurements.
a. Key Result Area c. Mission Statement
b. Performance Indicators d. Vision Statement
18. A _________________ describes the desired future position of the company.
a. Performance Indicators c. Vision Statement
b. Mission Statement d. Key Result Area
19. “To provide quality food and passenger convenience that would generate sufficient profits for stockholders and
improve the lives of its employees.”
The statement above is a:
a. Vision Statement c. Either a or b
b. Mission Statement d. Neither a or b
20. “To establish a commanding presence and market leadership as a food chain servicing major bus terminals in
Central Luzon within the next five years.”

The statement above is a:

a. Vision Statement c. Either a or b
b. Mission Statement d. Neither a or b
21. "We work hard every day to make American Express the world's most respected service brand."

The statement above is a:

a. Vision Statement c. Either a or b
b. Mission Statement d. Neither a or b
22. "To offer designer eyewear at a revolutionary price, while leading the way for socially-conscious businesses."

The statement above is a:

a. Vision Statement c. Either a or b
b. Mission Statement d. Neither a or b
23. "To be the company that best understands and satisfies the product, service and self-fulfillment needs of
women - globally."

The statement above is a:

a. Vision Statement c. Either a or b
b. Mission Statement d. Neither a or b
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24. “To become the world's leading Consumer Company for automotive products and services.”

The statement above is a:

a. Vision Statement c. Either a or b
b. Mission Statement d. Neither a or b
25. Any business that purchases products directly from a manufacturer for resale either to retail outlets, or directly
to the public.
a. Manufacturer c. Distributor
b. Retailer d. Franchise
26. Which type of business model can be a manufacturer, distributor or retailer, depending on what type of model
the enterprise purchased?
a. Retailer c. Manufacturer
b. Franchise d. Distributor
27. Which type of business model purchases product from a distributor or wholesaler, and then sells those products
to the public?
a. Manufacturer c. Distributor
b. Retailer d. Franchise
28. Which type of business model takes raw materials and creates a product, or assembles pre-made components
into a product?
a. Retailer c. Manufacturer
b. Franchise d. Distributor
29. Statement 1: “If the business plan readers are the financial backers, then they will want to know who else are on
the board to share the burden of raising money to see the whole thing through.”
Statement 2: “If the business plan readers are the technology providers, they will want to know if there will be
sufficient funds to pay for the technology.”
a. Statement 1 is TRUE while Statement 2 is FALSE.
b. Statement 1 is FALSE while Statement 2 is TRUE.
c. Both statements are TRUE.
d. Bothe statements are FALSE.
30. Statement 1: “If the business plan readers are the managers and staff, then they will want to know what to
know what strategies and performance indicators are being proposed.”
Statement 2: “If the business plan readers are the employees, they will want to know what programs, activities,
tasks, and resources would be in place.”
a. Statement 1 is TRUE while Statement 2 is FALSE.
b. Statement 1 is FALSE while Statement 2 is TRUE.
c. Both statements are TRUE.
d. Bothe statements are FALSE.
31. Which Macro Environmental Factors includes the structure, social status, and dynamics of the population at
large, as well as the people’s beliefs, tastes, mores, customs, and traditions dictate the major parameters of
market behavior?
a. Ecological environment c. Political Environment
b. Social Environment d. Economic Environment
32. It is the same factor that drives the interest and foreign exchange rates to fluctuate with the movement of the
market forces.
a. Ecological environment c. Political Environment
b. Social Environment d. Economic Environment
33. Which macro environmental factor defines the governance system of the country or the local area of business?
a. Ecological environment c. Political Environment
b. Social Environment d. Economic Environment
34. It includes all natural resources and the ecosystem that defines the habitat of man, animals, plants, and
minerals.
a. Ecological environment c. Political Environment
b. Social Environment d. Economic Environment
35. Which macro environmental factor includes new scientific and technological discoveries?
a. Ecological environment c. Political Environment
b. Social Environment d. Technological Environment

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 36. The transformation process where raw materials are converted into products/services.
a. Input c. Throughput
b. Output d. None of the above

37. It includes the resources that are process into a product or service.
a. Input c. Throughput
b. Output d. None of the above
38. Composed of the products and services offered by an enterprise.
a. Input c. Throughput
b. Output d. None of the above
39. This measure provides insight into how much profit is being produced per peso of sales.
a. Return on Sales c. Return on Equity
b. Return on Assets d. Either a, b or c
40. It is an indicator of how profitable a company is relative to its total assets.
a. Return on Sales c. Return on Equity
b. Return on Assets d. Either a, b or c
41. It is the amount of net income returned as a percentage of shareholders capital.
a. Return on Sales c. Return on Equity
b. Return on Assets d. Either a, b or c

For numbers 41-50 identify if the statement is a:

a. Strengths c. Opportunities
b. Weakness d. Threats
42. Our founders who are experienced individuals in the industry will go a long way to push our venture to the top
43. People go about their daily activities and most times they tend not to discover the new business.
44. People may not always have the time to cook due to their schedule, and will always decide to grab a cup of
lemonade or coffee on his way to the office.
45. We are competing with already established beverage stand in Subic, Zambales.
46. Don't pay much attention to marketing – dependent on word-of-mouth and website
47. Mobile grooming van has eye-catching logo and gives some exposure when performing on-site services
48. Mobile grooming van has eye-catching logo and gives some exposure when performing on-site services
49. Tax exemption of the 13th month pay.
50. Potential for online customer disappointments and netizen bashing due to poor product/ service delivery
brought about by intermittent technical glitches.

“Until you value yourself, you won’t value your time. Until you value your time, you will not do
anything with it.”

-M. Scott Peck

Prepared by: Checked by: Approved by:

RELLIE D. CASTRO ROGELIO C. DRAPIZA, PH.D. MIRIAM S. MONTEROSO

Teacher II Assistant School Principal II School Principal IV

JANUAR M. ABUTIN
Teacher II

ZARINAH JANE B. GERVACIO

Teacher II

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