SUMMATIVE TEST I

ENTREPRENEURSHIP MODULE 1 & 2

Name : _______________________________________ Grade and Section: ____________ Score:______

Directions: A. Read carefully the questions and choose the the letter that corresponds to your most accurate
answer
________ 1. What do you call a purposeful activity to initiate and develop a profit – oriented business ?
A. Business Venture B. Entrepreneur
C. Entrepreneurship D. Investment
________ 2. Which of the following behavior or trait signify an entrepreneur who always seek for the best product
to be offered to the market to gain competitive advantages?
A. Alertness B. Bossy
C. Creative D. Determined
________ 3. Who is called the person responsible for leading a project from its inception to execution?
A. Sales Manager B. Business Consultant
C. Advertising Sales Agent D. Project Manager
________ 4. Given the factors in opportunity recognition EXCEPT one .
A. Connections B. Market Awareness
C. Entrepreneurial Readiness D. Opportunity
________ 5. What do you call the highest – ranking executive in a company?
A. Advertising sales Agent B. Sales Manager
C. Chief Executive Officer D. Chief Operator Officer
________ 6. When does entrepreneurship improve the quality of life?
A. When products and services are available in the market.
B. When the company employs individual in the business.
C. The time entrepreneur stirs the curiosity of individuals to make investment.
D. The time products and services developed provides and contribute to the increase of personal
benefit and convenience to the community.
________7. If an entrepreneur uses her/his idle and unused resources to meet its need. What do you think is the
advantage of this action?
A. Cost Minimization B. Shortage of raw materials
C. Dependency to imported products D. Scarcity of raw materials
________8. Which is called an exploitable set of circumstances with uncertain outcomes requiring a commitment of
resources and involving exposure to risk?
A. Opportunity B. Precondition
C. Realization D. assessment
________9. In what form does an entrepreneurs help the government in providing social benefits or services for the
people?
A. Through creation of employment.
B. Paying taxes , licenses and permits
C. By donations in money and in kind.
D. Supporting government by being a sponsor with a certain project.
________10. What do you call a person that someone who inspire students how to increase their entrepreneurial
intention?
A. Talent Recruiter B. Teacher
C. Business Reporter D. Sales Manager
B. Identify what is being asked by choosing the answer inside the box.

Businessman Introduces Innovation Sales manager

Connections Realization Visioning Opportunity

___________________ 11. It can be something ordinary or technological or break through, open for change and
that changes oftentimes begin with the outside forces.
___________________12. Start business from existing idea or concepts.
___________________13. Someone who manage accounts and follow-up on lack of a company.
___________________14. Refers to personal exposure to market and its components .
___________________15. It can only be considered as a possibility of realizing your objective since they are
elements of uncertainties in its realization.
___________________16. This is the stage when the mental construct or idea is now felt in its tangible or physical
form.
___________________17. This third stage provides the individual a hunch that can serve as an opportunity for
business.
C. Match column A with B. Write the letter of the correct answer before the number.
A B

______ 18. Dyck and Newbert A. Systematic planning and monitoring

______19. Creates employment B. Convert the opportunity into reality
______20.Hard working C. They will hire or employ individuals who will be
______21. Fundraiser asset to the business.
______22. Teacher D. Person who provides education for pupils and
Students.
E. Raises for a specific purpose.
D. Answer the following questions
23. What piece of advice would you give to college graduates who want to become entrepreneurs?
____________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
24. What makes a “ small business owner” different from an entrepreneur?
____________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
25. When does entrepreneurship improve the quality of life?
____________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

Parent’s Signature: _______________________ Date : _____________________

 SUMMATIVE TEST II
ENTREPRENEURSHIP MODULE 3 & 4

Name : _______________________________________ Grade and Section: ____________ Score:______

I. True or False
Direction: Write T if the statement is true and F if the statement is false.

______ 1. Services are the intangible goods wherein you will be paid according to your profession ,skill and talents.
______ 2. In products , there is a capacity to purchase a products/service that can be variable as it can expand or
contact depending on certain factors.
______ 3. Potential market is used in a business proponent that is precisely false with the target customers , target
market and or target audience.
______4. Satisfaction is to ensure the maximum customer value and satisfaction, entrepreneurs and marketers
must: balance product or service quality and price.
______5. Durable products have stronger repeat purchases because they are consumable.
______6. Not all changes in the external environment provides business opportunities.
______7. The variables in the physical environment include the economic forces.
______8. New business ideas provide business opportunities.
______9. Industry environment of business is under technological discovery and advance sources of opportunities.
______10. Entrepreneurial gut game refers to the ability of the entrepreneur of being intuitive.

II. Identification. Answer what is being asked.

___________________ 11. This allows the entrepreneur to see things in a very positive and optimistic way in the
midst of difficult situation.
___________________ 12. This refers to the physical environment ,societal environment and industry environment
where the business operates.
___________________ 13. The are the one that pays cash in exchange to your goods and services.
___________________ 14. Considered tangible goods wherein the goods can be seen and touched.
___________________ 15. These are the products which have long interval between repeat purchases because of
their long- lasting nature.

III. Choose the correct answer and write the letter before the number.
______16. Which of the following IS NOT societal environment?
A. Economic forces B. Political forces C. Sociocultural forces D. Natural forces

______17. Which of the following essentials of entrepreneur’s opportunity seeking that refers to the driven passion
of an individual?
A. Entrepreneurial mind frame B. Entrepreneurial heart flame
C. Entrepreneurial gut game D. Entrepreneurial heart frame
______18. What product has the lower risk and lower effort?
A. Convenience products B. Shopping products C. Specialty products D. Consumable products
______ 19. What do you call an intangible goods that no physical item involved?
A. Durables B. Non-durables C. Services D. Consumable products
______20. Which of the choices below requests for specific products that the buyer is willing and able to pay for
over a specific period?
A. Demand B. Wants C. Needs D. Products
IV. Enumerate the following:

21. Types of products: ______________________ , ______________________ , _______________________

22. The Physical Environment: _______________________ , ___________________ , _______________________

IV. Tell something about the following

23. Substitute Products –

24. Value –

25. Specialty products –

Parent’s Signature: _______________________ Date : _____________________

 SUMMATIVE TEST III
ENTREPRENEURSHIP MODULE 5 & 6

Name : _______________________________________ Grade and Section: ____________ Score:______

I. Directions: Word analogy

1. Product : Price : Place : _____________

2. ___________________ : Differentiated products : Copycat products : Niche products
3. Producer : __________________ : Retailer : Consumer
4. Advertising : _____________________ : Personal selling : Sales Promotion
5. _______________________ : Displays and promotes the products : Attract buyers : Differentiates the
products from competitors

II. Fill in the box with the correct answer:

6. The process of value exchange that is facilitated by the 4P’s.

7.This is about the distribution center of the products and the methods used in distributing it to the customer.

8. Anything that is being sold-a physical products , services or experience.

9.They regarded as the ultimate marketing strategy.

10. The use of a name , term , symbol or design or a combination of these.

III. Choose the best letter of the correct answer.

______ 11. When was the term “marketing mix” coined?
A. Marketing Mix B. Marketing Strategies C. Promotion D. Technology
______ 12. Why is digital marketing important?
A. It has low – cost C. Most convenient way to market your products or services
B. Business can get more audience D. More and more people are going online
______ 13. What do you call an element of a marketing mix considered to be the ultimate marketing strategy?
A. Packaging B. Promotion C. People D. Product
______ 14. Which of the following is an important of branding in an enterprise?
A. Branding B. Patent C. Copyright D. Trademark
______ 15. The following are the role of promotion in a business, except?
A. Advertising only C. Raising awareness to the brand
C. Encourage and persuade D. Make product known and acquire market
IV. Below are the brand names and write the products to be marketed in the market.
16. Jollibee Corporation = ______________________________
17. SM Supermalls = __________________________________
18. Lucky Me = _____________________________
19. Zeny’s Minimart = ________________________
20. Globe Telecom Inc. = ________________________

V. Using your creative thinking skills create a logo of the following products.

21. McDonald’s 22. Coca – Cola

VI. Answer the following questions

23. What is the role of marketing mix?

_______________________________________________________________________________________________
_______________________________________________________________________________________________
________________________________________________________________________________________24. Why
is branding is important in business?

_______________________________________________________________________________________________
_______________________________________________________________________________________________
________________________________________________________________________________________25. How
will you promote your products especially today , we are experiencing pandemic ?

_______________________________________________________________________________________________
_______________________________________________________________________________________________
________________________________________________________________________________________

Parent’s Signature : ___________________________________ Date : __________________________