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2ND Summative Test in LS4

This document contains a 10-item summative test on life and career skills for an alternative learning system. The test examines key concepts related to entrepreneurship including the qualities of a successful entrepreneur, skills such as risk calculation, opportunity recognition, and perseverance. It also addresses challenges entrepreneurs face when starting a new business and the importance of passion, learning, and developing competencies for long term success.

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Bry Manipis
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0% found this document useful (0 votes)
215 views2 pages

2ND Summative Test in LS4

This document contains a 10-item summative test on life and career skills for an alternative learning system. The test examines key concepts related to entrepreneurship including the qualities of a successful entrepreneur, skills such as risk calculation, opportunity recognition, and perseverance. It also addresses challenges entrepreneurs face when starting a new business and the importance of passion, learning, and developing competencies for long term success.

Uploaded by

Bry Manipis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ALTERNATIVE LEARNING SYSTEM

2nd Summative Test


LEARNING STRAND 4- LIFE AND CAREER SKILLS

Directions: Read each item carefully and choose the letter of the best that completes each
statement or that answers each question. Use a separate sheet of paper for your answers.

1. Managing your own business is both _____________.


A. a talent and a responsibility
B. a blessing and a curse
C. an advantage and a disadvantage
D. a cause and an effect

2. The following are some of the qualities and traits of a successful entrepreneur except being
_________.
A. determined and persevering
B. easy-go-lucky and winsome
C. creative and visionary
D. disciplined and organized

Directions: Read each item carefully and choose the letter of the best that completes each
statement or that answers each question. Use a separate sheet of paper for your answers. (For
items 3-7). Identify what skill or quality of an entrepreneur is shown in each of the following
statements:

3. “Weigh the pros and cons of every decision you make. Plan things ahead and identify the
possible problems that you might encounter before coming to a decision. Everything will not
always turn out well, so make sure that you are ready for the consequences of your decisions.
A. knowing how to calculate risks
B. identifying and seizing opportunities
C. having determination and perseverance
D. being disciplined

4. “Thinking of selling something and earning a profit are not enough. You have customers that
you need to impress so that they will always come back to you. This is why you need to be
creative. You must also think of ways on how to keep your business running and how to keep
your customers coming back.”
A. knowing how to calculate risks
B. identifying and seizing opportunities
C. having determination and perseverance
D. being disciplined

5. “Bad days shouldn’t get in your as they are part of your journey. Instead, you should keep
your eye on your goal if you really want your business to succeed. No matter how difficult things
may get, you should be strong enough to reach your goal.”
A. identifying and seizing opportunities
B. being disciplined
C. being creative and visionary
D. having determination and perseverance
6. “It is the foundation of your success. You should learn that there are a few changes in your
life that you need to do so that your business can thrive. Let go of bad habits, be more organized,
set your schedule so you won’t miss due dates for your business. If you can manage yourself,
you
can definitely manage a business.”
A. identifying and seizing opportunities
B. being disciplined
C. being creative and visionary
D. having determination and perseverance

7. “Being your own boss means you will have to grow your business on your own. Thus, for it to
reach its full potential, you should know what you could use to your advantage. You must also
know how to connect to people who may help you improve your business.
A. identifying and seizing opportunities
B. being disciplined
C. being creative and visionary
D. having determination and perseverance

8. Entrepreneurs have a multitude of tasks that they have to handle on their own, especially
when their business is ____________.
A. new
B. established
C. bankrupt
D. none of the above

9. In order to keep the business running, an entrepreneur should be ____________.


A. all knowing C. close-minded
B. passionate D. pessimistic

10. As an entrepreneur, if you will not stop enhancing your personal


entrepreneurial competencies, you will likely ____________.
A. fail C. go bankrupt
B. succeed D. be hated

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