BONIFACIO D. BOREBOR SR.

HIGH SCHOOL
TAWOG, CARAMOAN, CAMARINES SUR
3rd GRADING PERIODICAL EXAM
ENTREPRENEURSHIP- GRADE 12-KALAGIKHIK

NAME:_____________________________ DATE:__________________
GRADE & SECTION:___________________

I. MULTIPLE CHOICE. Encircle the letter of the correct answer.

1. It is the art of observing correct practices in managing and operating a self-owned wealth-creating business
enterprise by providing goods and services that are valuable to the customers.
a. Entrepreneur c. ordinary small business
b. Small business d. entrepreneurship
2. It is a business venture operated by an entrepreneur who strongly advocates and correctly practices the concepts and
principles of entrepreneurship in operating and managing a self-owned business.
a. Merchandising c. Service
b. Enterprise d. Trading
3. It is owned by one person with a limited workforce of not more than 20 persons.
a. Small business c. ordinary small business
b. corporation d. partnership
4. Pertains to a business enterprise managed and operated by an owner who is not an advocate of and does not practice
the concepts and principles of entrepreneurship.
a. small business c. ordinary small business
b. corporation d. partnership
5. It is a business endeavor where the resources of the enterprise have been utilized fully to maximize the investment of
the entrepreneur.
a. wealth-creating c. risk-taking
b. profit generating d. income-generating
6. It is a generalization that explains a set of facts or phenomena.
a. theory c. concept
b. hypothesis d. facts
7. Refers to the theory that puts so much emphasis on the role of the government in entrepreneurial and economic
development, most especially when the economy was experiencing depression.
a. innovation theory c. Keynesian theory
b. Alfred Marshal theory d. risk and uncertainty-bearing theory
8. The advocate of this theory strongly asserted that there are four factors in production those are the land, labor, capital
and organization.
a. Alfred Marshal theory c. Keynesian theory
b. Weber’s sociological theory d. Kaldor’s technological theory
9. It is proposed in this theory that the primary role of entrepreneurship in any economic activity is to fill the existing gap.
a. Weber’s sociological theory c. Kaldor’s technological theory
b. Leibenstein’s gap-filing d. Alfred Marshal theory
10. This theory considers innovation as the primary factor affecting development.
a. Innovation theory c. Keynesian theory
b. risk and uncertainty-bearing theory d. Alfred Marshal theory
11. Gives importance to the advancement of technology as an element in production.
a. Weber’s sociological theory c. kaldor’s technological theory
b. Leibenstein’s gap-filing theory d. innovation theory
12. These are the factors that are primarily caused by the changes or movements in the Philippine economy that have
direct or indirect effects on the entrepreneurial venture.
a. economic forces c. cultural forces
b. political forces d. social forces
13. Comprises of political parties, political systems and other related political groups substantially influence the political
stability of a country.
a. Social forces c. cultural forces
b. economic forces d. political forces
14. Basically referes to the integrated characteristics of a group of a people or ethnic group in a particular society.
a. cultural forces c. social forces
b. political forces d. economic forces
15. Basically refers to the trends and developments in computer and information technology that have impact on
business.
a. technological forces c. social forces
b. political forces d. cultural forces
II. ENUMERATION:
1-5 Give the first five theories on entrepreneurship.
6-10 Give four other theories on entrepreneurship.
11-15 Enumerate the five misconceptions on entrepreneurship.
16-18 Give three physical environment of the business.
19-22 Give four societal environment or forces of the business.
23-27 Give five industry environment of the business.
28-30 Give at least three sources of entrepreneurial ideas.

End
GOODLUCK

Prepared By:
Joan C. Pineda