Concepcion National High School

Hilongos, Leyte
rd
3 quarter exam in Entrepreneurship Grade 11

Name: ______________________________Yr./Sec.:___________ Date: __________ Score:_________

I. Multiple Choice: Encircle the correct answer. (2 points each)

1. It shows the future and long term prospects of the enterprise.it is composed of the vision,
mission, objectives, key result areas, and performance indicators of the enterprise.
a. Business goals b. project plan c. business plan
2. It includes the explicit communication strategy adopted by an enterprise to elicit the
patronage, loyalty, and support of the customers.
a. Promotion b. People c. Price
3. It includes all natural resources and the ecosystem that defines the habitat of man,
animals, plants and minerals.
a. Political environment b. social environment c. ecological environment
4. It defines the governance system of the country or the local area of the business.
a. Political environment b. social environment c. ecological environment
5. It plays a crucial role in the success of the enterprise.
a. Promotion b. People c. Place
6. it is mainly driven by supply and demand forces.
a. Political environment b. social environment c. economic environment
7. It includes the tangible and intangible service that the enterprise offers to its customers to
satisfy their needs.
a. People b. Product c. Positioning
8. It refers to the big forces that affect the area, the industry, and the market which the
enterprise belongs to.
a. Socio- cultural environment b. macro environment c. industrial environment
9. It refers to the specific target market segment of a particular enterprise.
a. Macro market b. public market c. Micro market
10. It refers to the location often recited as mantra of sales people who have the best access
to their customers.
a. Place b. people c. ppromotiom
11. Which would you prepare first in dealing fast food chain business?
a. Capital b. location c. target market
12. If you are assigned to make a new product proposal, which would you considered most?
a. Product Price b. product design c. materials
13. Which is not belong to the group?
a. Salon b. vulcanizing shop c. coffee shop
14. Piggery – meat: firm - ________
a. Enterprise b. Services c. client
15. Land – Capital – Business - _______
a. Manager b. Owner c. Entrepreneur

II. Enumeration:

16-22. 7P’s of Marketing

23- 34. The 12 Rs of opportunity screening

 Concepcion National High School
Hilongos, Leyte
Mid-term Exam in Applied Economics Grade 12

Name: ______________________________Yr./Sec.:___________ Date: __________ Score:_________

I. Multiple Choice: Encircle the correct answer. (2 points each)
1.It is a natural resources and the starting point for production.
a. Land b. Capital goods c. Labor d. Entrepreneurship
2. It is important because they help us produce efficiently that is cheaper and faster like machines, tools,
trucks, and offices.
a. Land b. Capital goods c. Labor d. Entrepreneurship
3. It is a short name for human resources, or workers. Often uses capital to convert natural resources into
goods and services.
a. Land b. Capital goods c. Labor d. Entrepreneurship
4. It is someone who takes the risk of starting and managing a business.
a. Land b. Capital goods c. Labor d. Entrepreneurship
5. which of the following basic question in economics does not belong to the group?
a. what to produce b. how to produce c. whom to produce d. when to produce
6. It is the money producers have left after selling their goods and services and paying all of their
expenses.
a. demand b. supply c. profit d. income
7. It is the amount of goods and services consumers are willing and able to buy at a certain time.
a. demand b. supply c. profit d. income
8. The amount of goods or services producers are willing to sell at one time.
a. demand b. supply c. profit d. income
9. In a market economic system, producers and consumers come together to sell or buy goods and
services.
a. Factoryb. store c. streets d. market place
10. A rise in supply will cause prices to drop. A drop in supply will cause prices to rise.
a. Law of supply b. Law of demand c. supply and demand

Income, retailer, innovation, manufacturer, monopoly, franchise,

distributor, service firm, competition, sole proprietorship, partnership

II. Filling the blank. Find the answers from the box.

_____________11. Two or more businesses selling similar product.

_____________12. A type of business that sells goods directly to the consumer.

_____________13. A business that has no competition.

_____________14. A business that sells activities directly to consumers.

_____________15. A business that moves goods and services from one company to another.

_____________16. A business that makes goods.

_____________17. The invention of new products or services.

_____________18. The money a business takes in.

_____________19. The right of one company to use the name, employ the same business methods, and
benefit from the advertising and purchasing power of another company.

_____________20. A business owned and operated by a single person.

III. Enumeration:

21-23. Three basic economic question answered in the market place.

24-27. four basic resources that our production must have.

28-30 role of the government in our economy.

 Concepcion National High School
Hilongos, Leyte
Semi-Finals in Applied Economics Grade 12

Name: ______________________________Yr./Sec.:___________ Date: __________ Score:_________

I. Multiple Choice: Encircle the correct answer. (2 points each)
1.Economists call goods and services that only government can provide.
a. public goods b. market goods c. economic goods
2. This law prevents one company from making and selling a product that belongs to another company.
a. civil law b. patent and copyright law c. antitrust law
3. producers of goods and services should pay more attention to consumer views.
a. The right to safety b. The right to be informed c. the right to be heard
4. Product should not harm the user and should do what the manufacturer says they can do.
a. The right to safety b. the right to be informed c. the right to choice
5. A characteristic of a goods and services that it can be used by more than one person at the same time.
a. public goods b. shared consumption c. non- exclusion
6. Getting money or other gains through some kind of deception
a. Fraud b. shoplifting c. fear sell
7. Pressuring a consumer into buying something by warning about dangerous consequences if the
consumer doesn’t buy it right away.
a. Fraud b. shoplifting c. fear sell
8. A court that deals with minor legal matters involving limited amounts of money
a. Attorney general b. small-claims court c. department of consumer affairs
9. It is commonly used by economists to measure the size of our economy.
a. gross national product b. inflation c. gross domestic product
10. The total GNP of a country divided by its population.
a. Per capita b. stagflation c. prosperity
11. Generally rising prices for goods and services.
a. inflation b. stagflation c. business cycle
12. A period of economic health, when business are expanding production and new homes are being built.
a. recovery b. prosperity c. business cycle
13. A kind of unemployment occurs because people are changing jobs.
a. structural unemployment b. frictional unemployment c. seasonal unemployment
14. It is an unemployment caused by changes in the organization of the economy.
a. structural unemployment b. frictional unemployment c. seasonal unemployment
15. It is an unemployment caused by a timely needs of wok for a specific period of production of the year.
a. structural unemployment b. frictional unemployment c. seasonal unemployment
II. Enumeration: (2 points each)

16-18 Role of the Government in our economy

19-22 most common frauds
23-26 basic rights of a consumer
27- 30 kinds of unemployment