Aiding Minors to become Dependable Empowered Citizens
Abra Mountain Development Education Center (AMDEC), Inc.
(Formerly Abra Mountain High School) Lamao, Bucloc, Abra
FOURTH QUARTER EXAMINATION
ENTREPRENEURSHIP 12. SY. 2024-2025
I-Multiple Choice
Instruction: Read the statement carefully and comprehensively. Select the letter that best
answer the questions. Write your answer before the number.
1. They are the ones who pay cash in exchange for your goods and
services.
A. Buyer
B. Competitors
C. Seller
D. Suppliers
2. Which among the following is the result of identifying entrepreneurial
opportunities?
A. Creation of entreprenuerial ideas
B. Opening of entrepreneurial venture
C. Sources of opportunity
D. Entrepreneurial process
3. Societal environment includes the following, except
A. Economic forces
B. Sociocultural forces
C. Political sources
D. Natural sources
4. The following are the forces competing within the industry except one:
A. Potential new entrants and substitute products
B. Buyers and suppliers
C. Rivalry amonv existing firms
D. Needs and wants
5. Which of the following good sources of entrepreneural ideas determine
the interest, hobbies and preferences of people.
A. Changes in the environment
B. Technological discovery
C. People’s interest
D. Past experiences
6. What variable of societal environment includes income level and
employment rate?
A. Economic forces
B. Sociocultural forces
C. Political forces
D. Technological forces
7. It is the ability of entrepreneur that can sense without using the five
senses, also known as intuition.
A. Entrepreneural mind frame
B. Entreprwneurial gut game
C. Entrepreneurial heart flame
D. Entrepreneurial flame
8. One of the essentials of entrepreneurs opportunity -seeking that refers
to the driven passion of an individual?
A. Entrepreneurial mind frame
B. Entrepreneurial gut game
C. Entrepreneurial heart flame
D. Entrepreneurial flame
9. This is essential to opportunity-seeking which allows the entrepreneur
to see things in a positive and optimistic light in the midst of crisis or
difficult situations.
A. Entrepreneurial mind frame
B. Entrepreneurial gut game
C. Entrepreneurial heart flame
D. Entrepreneurial flame
10. It is the process of considering, evaluating and pursuing market-
based activities that are believed to be advantageous for the firm.
A. Opportunity-seeking
B. Opportunity seizing
C. Opportunity-screening
D. Sources of opportunity
Test II. Direction: Arrange the scrambled letters to form a correct word.
1. PSIERSPL ________________ 6. UTSBETIUST ________________
2. NISSUBES ________________ 7. ICEVERS ________________
3. KERTAM ________________ 8. PECITIONMTO ________________
4. EDICRRSTO ________________ 9. IMCLTEA ________________
5. SUTEMOSRC ________________ 10. NTERTSAN ________________
TEST III. True or False. On the space provided before the number, write T if
the statement is true and F if the statement is false.
_____ 1. An entrepreneur enters a business because of its profitability.
_____ 2. New business ideas provide business opportunities.
_____ 3. The entrepreneurial process starts with identification of
entrepreneurial opportunities.
_____ 4. Not all changes in the external environment provides business
opportunities.
_____ 5. Discovery and advancement in the use of technology are additional
good sources of business opportunities.
_____ 6. Interest and hobbies of the people are possible good sources of
entrepreneurial ideas.
_____ 7. The industry environment of the business is under technological
discovery and advancement sources of opportunities.
_____ 8. The variables in the physical environment include the economic
forces.
_____ 9. Entrepreneurial heart flame refers to the ability of the entrepreneur to
sense without using the five senses.
____ 10. Entrepreneurial mind frame permits the entrepreneur to see things in
a very positive and optimistic light.
_____11. The business operates in the industry environment.
____ 12. Opening a Halo – halo business during summer season is ideal.
____ 13. Environmental scanning is conducted only when a new business is
opened.
____ 14. When the barriers to the competitive forces are high, the effect to the
growth of the business is likewise high.
_____15. Entrepreneurs need not observe and evaluate the priorities of the
government.
IV.
