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Diagnostic Test TVL-CSS-12

This document contains a 25 question multiple choice test on entrepreneurship topics for a Grade 12 learner. The questions cover definitions of entrepreneurship, characteristics of entrepreneurs, differences between goods and services, and factors to consider when providing products and services to customers.

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Narpie Jay Delubio
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200 views5 pages

Diagnostic Test TVL-CSS-12

This document contains a 25 question multiple choice test on entrepreneurship topics for a Grade 12 learner. The questions cover definitions of entrepreneurship, characteristics of entrepreneurs, differences between goods and services, and factors to consider when providing products and services to customers.

Uploaded by

Narpie Jay Delubio
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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ENTREPRENEURSHIP 12

Name of Learner: Score:

Section/grade: _____________________________

Multiple Choice: Read and answer each statement carefully then write the letter of the best answer.

1. Who acts as a coordinating agent in a capitalist economy?


A. Manager C. Entrepreneur B. Finance Officer D. Broker
2. Which of the following is not a definition of Entrepreneurship?
A. It creates opportunities, ensures social justice, instills confidence and stimulates the economy.
B. It is an important part of the economic growth strategies of many local and national governments around
the world.
C. It refers to a person who sets up a business with the aim of making a profit.
D. The act of creating a business or businesses while building and scaling it to generate a profit.
3. Which of the following has relevance of Entrepreneurship to SHS Grade 12 students?
A. It generates new wealth in an economy.
B. It aids students from all socioeconomic backgrounds to think outside the box.
C. It creates opportunities and ensures social justice.
D. It creates job.
4. Which statement is not correct about the status of entrepreneurship in the Philippines?
A. The number of business establishments formed every year would generally show an increasing trend.
B. Entrepreneurs are people who can secure resources such as technology and information to gain distinct,
sustainable, competitive advantages.
C. In 2005, the top 50 Philippine corporations in terms of sales could be broken down into 25 private
domestic firms, 20 foreign firms, and 5 government-owned and/or controlled corporations.
D. The 22 companies could be identified with 11 families and individuals, mostly Filipinos of Chinese ethnic
background.
5. Which of the following words is not associated with entrepreneur?
A. Innovative C. Collaborative B. Impulsive D. Creative
6. What is the most common reason given to people who choose to become entrepreneurs?
A. To make a lot of money. B. To escape the long hours associated with corporate jobs.
C. To be their own boss. D. To be able to retire early.
7. All of the following are characteristics shared by successful entrepreneur EXCEPT:
A. Passion C. Risk averse B. Product/customer focus. D. Tenacity despite failures
8. Which of the following is NOT a common myth about entrepreneurs?
A. Everyone has the potential to be an entrepreneur. B. Entrepreneurs are born, not made.
C. Entrepreneurs are gamblers. D. Entrepreneurs love the spotlight.
ENTREPRENEURSHIP 12

9. Influence on innovation and job creation best typifies entrepreneurial firms _________.
A. Impact on society B. Impact on larger business
C. Economic impact D. Impact on the Government
10.The customers you would most like to attract are referred to as your.
A. Competition C. Market segments B. Target market D. Market
12. The process of creating something new that makes life better is called...
A. Technology B. Innovation C. Brand recognition D. Opportunity cost
13. Which of the following is the BEST definition of knowing your products and services?
A. When an employee knows which product is better than the others.
B. When an employee can explain the basic aspects of the services the company offers
C. When an employee can explain specific details of their products and express the value it has over others.
D. When an employee is able to discuss what type of product or services they sell and to whom.
14. Which of the following is the BEST explanation of why knowing your products and services creates value?
A. It helps the customer to see why the product or service stands out and how it is beneficial to them.
B. It helps manipulate the customer into thinking the product or service is of good value.
C. It identifies all the characteristics about the product or service so customers can fully evaluate it.
D. It shows passion, which means that it must be a good product or service.
15. What are the typical characteristics of services?
A. Services confer benefits; are tangible; are time- and place-dependent; are consistent; cannot be owned;
and providers and consumers form part of the service.
B. Services confer no benefits; are intangible; are time- and placedependent; are inconsistent; cannot be
owned.
C. Services are intangible; are time- and place-dependent; are inconsistent; cannot be branded; and
providers and consumers form part of the service.
D. Services confer ownership; are intangible; can be consumed at any time or place; are inconsistent; and
providers form part of the service.
E. Services confer benefits; are intangible; are time- and place-dependent; are inconsistent; cannot be
owned; and providers and consumers form part of the service.
16. Which is an example of a good?
A. Candy bar B. Hair cut C. Dental visit D. Having the car oil changed
17. Which is an example of a service?
A. Candy bar C. Hamburgers B. Having your hair cut D. Computers
ENTREPRENEURSHIP 12

18. A good is something you buy and consume. Tell which is a good.
A. You buy cookies from Mrs. Jenny in the cafeteria.
B. Mrs. Priester asks you to wash the tables.
C. You hire someone to braid your hair.
D. You ask a friend to shampoo your living carpet.
19. When someone sales a good or provides a service they _____________ money.
A. Earn B. Spend C. Consume D. Produce
20. Anything made or grown to be sold is a ___________.
A. Service B. Good C. Consumer D. Producer
21. Work done for people is a ____________.
A. Service C. Consumer B. Good D. Produce
22. The banking and hotel services are example of _____________________.
A. Products B. Commodities C. Barter system D. services offered
23. In providing products and services to supply the need in the market, the following are most preferred factors to
consider except_____________.
A. Self-preferences and interest only of the entrepreneur. B. Taste and preferences of target market.
C. Target market cultures. D. Norm and status of target market.
24. Which activity is addressed in the product/service management function?
A. Setting discounts to clear products from inventory.
B. Determining where products will be offered for sale.
C. Focusing promotional activities on a new-product release.
D. Eliminating products that are slow sellers.
25. Which of the following is the BEST definition of a good?
A. A tangible item which can be owned, stored, and evaluated.
B. A tangible item which cannot be owned, stored, and evaluated.
C. An item that can only be bought at an in-person store.
D. An intangible item which can be owned, stored, and evaluated.
ENTREPRENEURSHIP 12

Direction: Identify the parts of a router.


ENTREPRENEURSHIP 12

Prepared by: Validated by:

HERRO SHALOM T. HERNAEZ MARIO A. DEJITO, PhD.


Name of Writer Education Program Supervisor

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