Sta.

Cruz Institute
Sta. Cruz, Ilocos Sur
S.Y. 2021-2022

GRADE LEVEL: GRADE 12

NAME: GRADE AND SECTION:

EVALUATION:

DIRECTION: Encircle the letter of your choice.

1. It is the process of considering, evaluating, and pursuing market-based activities that are

believed to be advantageous for the firm.

A. Opportunity seeking C. Opportunity screening

B. Opportunity seizing D. Sources of opportunity

2. This is essential to opportunity seeking which allows the entrepreneur to see things in a

positive and optimistic light in the midst of crisis or difficult situations.

A. Entrepreneurial mind frame C. Entrepreneurial heart flame

B. Entrepreneurial gut game D. Entrepreneurial heart frame

3. It is the ability of entrepreneur that can sense without using the five senses, also known as

intuition.

A. Entrepreneurial mind frame C. Entrepreneurial heart flame

B. Entrepreneurial gut game D. Entrepreneurial heart frame

4. One of the essentials of entrepreneur’s opportunity seeking that refers to the driven passion

of an individual.

A. Entrepreneurial mind frame C. Entrepreneurial heart flame

B. Entrepreneurial gut game D. Entrepreneurial heart frame

5. What variable of societal environment includes income level and employment rate?

A. Economic forces C. Political forces

B. Sociocultural forces D. Technological forces

A. Preferences and tastes of the customers easily change.

B. The buyer has the potential for backward integration.

C. The cost of switching the supplier cost is minimal.

D. Product differentiation is highly noticeable.

6. Which are the factors of the substitute product that pose a great threat in the industry

environment?

A. A, B, C, D C. A and D

B. A and C D. B and C

7. Which are the factors that influenced the buyer to have a less threats because of the

bargaining power?

A. A only C. A and D

B. A and C D. B and C

8. They are the one that pays cash in exchange to your goods and services.

A. Buyers C. Sellers

B. Competitors D. Suppliers

9. The intensity of rivalry among existing firms is characterized to the following factors except

one:

A. Diversity of rivals. C. Characteristics of the products or services.

B. Number of competing firms. D. The product represents a high percentage of the buyer’s cost.

10. The following are the forces competing within the industry except one:

A. Potential new entrants and Substitute Products C. Rivalry among existing firms

B. Buyers and Suppliers D. Needs and Wants

11. Which of the following good sources of entrepreneurial ideas determine the interest,

hobbies and preferences of people.

A. Changes in the environment C. People’s interest

B. Technological discovery D. Past experiences

12. Societal environment includes the following, except:

A. Economic forces C. Political forces

B. Sociocultural forces D. Natural resources

13. Which among the following is the result of identifying entrepreneurial opportunities?

A. Creation of entrepreneurial ideas C. Sources of opportunity

B. Opening of entrepreneurial venture D. Entrepreneurial process

advancement of technology as source of opportunity?

A. Changes in the environment C. Government’s thrust, programs, and policies

B. Technological discovery and advancement D. People’s interest

15. Source of entrepreneurial idea where expertise and skills developed by a person from its

previous work can lead to the opening of a related business enterprise.

A. Government’s thrust, programs, and policies C. People’s interests

B. Past experiences D. Technological discovery and advancement

II.

ENRICH:

Why do you think for you as a business owner to conduct a survey/ assessment on your product?
Explain your answer in 3-5 sentences.