SET A

CRIMINOLOGY DEPARTMENT
Entrepreneurship Mind
First Pre-lim Examination

GENERAL INSTRCUTION:
1. DO NOT write anything on the Test Questionnaire; just write your answers on your Answer Booklet.
2. Read and understand the instructions and questions before answering.
3. If you do have some clarifications/questions, KINDLY APPROACH your instructor.
4. You only have 1 hour to answer the following questions.
5. Wrong spelling is wrong.
6. CHEATING is a crime, mind your own answer

I. Identification. NO ERASURES ALLOWED. (2pts. each)

1. The one who identifies an economic need, considers offering a business solution, proceeds to
assemble the resources required, and assume the risk of either succeeding or failing.
2. It refers to the economic activity of a person who starts, manages, and assumes the risk of a
business enterprise.
3. It refers to the discovery or devising of new products and processes.
4. The person who undertakes entrepreneurial activities.
5. A scheme aimed at improving the living standards of the nation’s citizenry.
6. One factor that does not prevent one from engaging in entrepreneurship.
7. It may be defined by using any of the two approaches: market share and total assets.
8. It is a type of a small business that covers all activities involved in the sale of goods and/ or services
to the final consumers.
9. A small service business that provides service to the person.
10. A type of small business that involved in the conversion of raw materials into products needed by
society.
11. It is the study of moral obligation involving the distinction between right and wrong.
12. The rules about how entrepreneurs ought to behave.
13. A formal document indicating the entrepreneurship’s adapted principles of appropriate behavior.
14. It is one of the rights of the customers that customers have the right to communicate their concerns
to entrepreneurships they patronize.
15. It is one of the entrepreneur’s responsibilities to employees that they should keep the workplace
free from sexual harassment and where everybody is treated fairly.

II. Enumeration. (1pts. each)

1-5 Types of small business

6-9 resource elements
10-13 factors influencing ethical behavior
14-15 kinds of business according to size
 III. Match column A with column B.

A B
1. Rent A. Hire people, acquire funds
2. Economic growth and the like
3. assembling B. Follows after the
required resources establishing feasibility
4. Innovation C. New process of
5. Invention production
6. Profits D. Entrepreneur questions
7. Prestart-up stage the feasibility
8. Small business Of a product
9. Early growth stage E. Labor
10. Wages F. Has the advantages of
11. Wholesaling switching
12. Manufacturing business to another business
13. Benefit of a small business G. Market share approach
Operation H. Manufacturing business
14. Disadvantages of small I. Wholesaling
Business operation J. Discovery of new products
15. Market share approach and processes
K. Landowner
L. Benefit of small business
operation
M. Effective and efficient
utilization
Of the various resources
elements
N. Disadvantages of small
Business operation
O. entrepreneur

IV. Essay (5pts. Each)

Case. Rose Restaurant: What Now My Love?

On any given day, Rose Restaurant is full of customers. It is not surprising because of the two factors:
first, its location in the center of the commercial district of Pagadian City, and second, the dynamism of its owner
and manager, Ms. Rosemarie Ginez. She owns the building and the lot she used to rent. Served in its large air-
conditioned function hall are native and Chinese delicacies. The place has ample parking space for 20 cars.

It was in the restaurant where she met her future husband. He is a government employee and is
assigned to work in a nearby town. Rose’s husband is a native of Zamboanga City and his widowed mother is
operating a big palay trading firm. Apart from owning 10 cargo trucks, his mother also owns one and half
hectares of commercial land in the city’s business district.
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Just as Rose was considering opening a branch of her restaurant in Dipolog City, her mother-in-law died.
Two weeks later, her husband informed her that being the heir, he needs to move quickly to Zamboanga City and
manage his mother’s business and other properties.

Even If her husband operates her mother’s business, Rose could still continue managing her restaurant.
Both of them, however, are aware of the difficulty of maintaining the two businesses which are 5 hours away by
car from each other. They will miss each other for days every week if they decide to keep both businesses. Her
husband is indifferent, however, on whatever Rose’s decision will be.

Rose is now mulling over her family’s chances in succeeding in business if she decides on maintaining
only the paly trading firm. Her decision-making is made more complicated when her assistant reported a 49
percent increase in last year’s profit of her restaurant.

Guide Questions

1. Should Rose stop her restaurant?

2. If you were Rose, what additional information would you need before making a decision?