Casa Del Niño Schools System, Inc.

Region 02
CASA DEL NIÑO MONTESSORI SCHOOL OF ILAGAN
Guinatan, City of Ilagan, Isabela
S.Y 2020-2021

Second Summative Test

Entrepreneurship12

Name: _____________________________ Section : _____________ Date: ____________

I.Multiple Choice: Read carefully each question/ statement. Write the letter that corresponds to
your answer on the space before the number.
_____ 1. It is a document containing the marketing objectives , marketing
strategies, and the activities that will be undertaken to execute these
strategies.
a.Marketing Plan c. Organizational Plan
b. Action Plan d. Business Plan
_____ 2. This refers to the marketing strategies that the entrepreneur will execute must
be base on the intelligent assesment of the business environment.
a. Distribution Strategies c. Marketing Mix
b. Competitor analysis d. Marketing Plan

______ 3. This is an important consideration for many buyers, and must therefore
be given appropriate attention by the entrepreneur.

a. product c. value
b. price d. service

______ 4. What element of the marketing mix is being described if the

entrepreneurs must make sure that they calculate both variable cost
and fix cost?

a. Pricing c. cost- base pricing

b. product d. fixed cost

______ 5. These are those incurred on each unit that is produced, such as direct
labor, raw materials, commission given to a sales person, or cost of
packaging.

a. competition based pricing c. variable cost

b. value- based pricing d. fixed – cost

_______ 6. This refer to costs of things such as facilities and equipment that do
not change with the number of units that are produced.

a. cost based pricing c. value – based pricing

b. variable costs d. fixed- costs

______ 7. What section of the business plan identifies the form of ownership the
business venture will take?

a. Business Plan c. Financial Plan

 b. Organizational Plan d. Marketing Plan

______ 8. What is the simplest form of business ownership?

a. sole proprietorship c. corporation

b. partnership d. stockholder
_____ 9. What form of business ownership is relatively easy and inexpensive
to set up?
a. corporation c. partnership
b. stockholder d. sole proprietorship

_____ 10. What is the form of business ownership if there is no limit on number of
stockholders?

a. sole proprietorship c. corporation

b. partnership d. ownership
_____ 11. What section of the organizational plan will show the reader of the
business plan?

a. organizational plan c. organizational structure

b. marketing plan d. marketing structure

II. Identify what form of business ownership is being described in each sentences. Choose the best
answer inside the box. Write the letter only
A. Sole proprietorship
B. Partnership
C. Corporation

______ 12. They usually share the amount of personal liability regardless of their
capital contribution.
_______ 13. He/she is liable for all aspects of the business.
_______ 14. One gets to keep all the profits of the business, and carries all the
losses if the business does not perform well.
_______ 15. Owners are liable only up to the amount of their investment, unless
there is negligence or fraud involved.
_______ 16. Profits are distributed to stockholders through dividends.
_______ 17. The entrepreneur has great control and flexibility in making
decisions.
_______ 18. The most option in terms of raising capital.
_______ 19. The entrepreneur has the right to sell the assets of the business or to
transfer its ownership to other individual.
_______ 20. Death or withdrawal of a share holder does not affect the existence
of the business.
III. II. Matching Type: Match Column B with Column A. Write the letter of the
correct answer on the space provided.
Column A Column B
______21. This income statement includes an estimate of the cost a. Assets
of good sold. b. Liabilities
______ 22. It summarizes the assets, liabilities, and net worth of c. Projected Income
the business. d. Projected Balance Sheet
e. Break – even Quantity
the business own and can be used to create value. f. Break Even Analysis
______ 24. These represent everything that a business owes to
banks and other creditors.
_______ 25. It refers to the volume of sales at which the bussiness
neither makes a profit nor incurs a loss.

IV.Arrange the steps recommended in preparing the marketing plan.Write 1-5 on the space
provided before the number.

_____ 26. Setting the marketing goals and objectives .

_____ 27. Preparing the budget for the action plan.
_____ 28. Assesing the business situations.
_____ 29. Developing the marketing goals and objectives .
_____ 30. Defining the target market.

V. Explain the fallowing in not less than 5 sentences.

1. Why is it important for a new business venture to prepare financial production.
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
____________________________________________________________________________________
2. What is the difference between cost- based pricing and value – based pricing?
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
____________________________________________________________________________________

3. Why is it important to define the target market when preparing a marketing plan?
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
____________________________________________________________________________________
4. How does pandemic ( flood) affect the entrepreneurial activity in the community?
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Prepared by:
ROSEMARIE S. VILLANUEVA