2ND Long Test Fil

STO.
TOMAS NATIONAL HIGH SCHOOL

Sto. Tomas, Sasmuan, Pampanga
Long Test in Entrepreneurship
Applied Subject
Name: _______________________________________ Date: _____________________
Grade & Section;__________________________________ Prepared by: Mrs. Redchest M. Yumol
I. MULTIPLE CHOICES: Read and answer each statement carefully then write the letter of the best answer on the space provided before the number.
_____ 1. Which of the following is the index of entrepreneurship?
a. Developing a small elite class
b. Transforming ideas into economic opportunities
c. Searching, identifying and developing raw materials
d. Innovating and developing new products and services
_____ 2. Which of the following is NOT closely associated with entrepreneurship?
a. flexibility factors
b. change and creativity
c. knowledge and innovation
d. leadership
_____ 3. What happens when entrepreneurial activities slow down?
a. Income is evenly distributed
b. Tax revenues are increased
c. Quality of life is improved
d. Country’s unemployment rate goes up
_____ 4. Which of the following is NOT true about entrepreneurship?
a. Entrepreneurship contribute significantly to the continuous improvement of living standards
b. Entrepreneurship helps the development of a handful of people getting rich through enterprise
c. Entrepreneurship activities slow down the country’s unemployment rates
d. Entrepreneurship provides an opportunity for making unproductive use of capital resources
_____ 5. An entrepreneur is aware of ________________?
a. his family’s activities
b. his business competitors
c. the way he carries himself in public
d. the demand for products or services in his community
_____ 6. Self-discipline is important in putting up a business. Which statements below contribute to the success of an entrepreneur?
a. Develop the ability to get things done, even when you don’t feel like it
b. Dedicate yourself in improving your leadership, skills and abilities
c. Being able to appeal to other people’s emotions in selling your ideas, products or services
d. Identify a profitable market and then build your business
STO. TOMAS NATIONAL HIGH SCHOOL

Sto. Tomas, Sasmuan, Pampanga
Long Test in Entrepreneurship
Applied Subject
Name: _______________________________________ Date: _____________________
Grade & Section;__________________________________ Prepared by: Mrs. Redchest M. Yumol
I. MULTIPLE CHOICES: Read and answer each statement carefully then write the letter of the best answer on the space provided before the number.
_____ 1. Which of the following is the index of entrepreneurship?
a. Developing a small elite class
b. Transforming ideas into economic opportunities
c. Searching, identifying and developing raw materials
d. Innovating and developing new products and services
_____ 2. Which of the following is NOT closely associated with entrepreneurship?
a. flexibility factors
b. change and creativity
c. knowledge and innovation
d. leadership
_____ 3. What happens when entrepreneurial activities slow down?
a. Income is evenly distributed
b. Tax revenues are increased
c. Quality of life is improved
d. Country’s unemployment rate goes up
_____ 4. Which of the following is NOT true about entrepreneurship?
a. Entrepreneurship contribute significantly to the continuous improvement of living standards
b. Entrepreneurship helps the development of a handful of people getting rich through enterprise
c. Entrepreneurship activities slow down the country’s unemployment rates
d. Entrepreneurship provides an opportunity for making unproductive use of capital resources
_____ 5. An entrepreneur is aware of ________________?
a. his family’s activities
b. his business competitors
c. the way he carries himself in public
d. the demand for products or services in his community
_____ 6. Self-discipline is important in putting up a business. Which statements below contribute to the success of an entrepreneur?
a. Develop the ability to get things done, even when you don’t feel like it
b. Dedicate yourself in improving your leadership, skills and abilities
c. Being able to appeal to other people’s emotions in selling your ideas, products or services
d. Identify a profitable market and then build your business
_____ 7. To communicate effectively is one quality of a good entrepreneur. Which of the options below is the most important?
a. Sales ability c. Strong work ethics
b. Self - discipline d. Strong leadership qualities
_____ 8. In business, it is the survival of the fittest that counts. Which of the statements below best describes competitiveness?
a. Identify a profitable market and build your business
b. Make an effort to genuinely like, respect and appreciate other people
c. Learn self - discipline with the right information and conscious efforts
d. Play to win, but never to sacrifice your integrity for the sake of a few pesos.
_____ 9. Which PECs behavioral indicator meets or beats existing standards of excellence to improve performance?
a. Opportunity seeking c. Demand for quality and efficiency
b. Persuasion and networking d. Commitment to the work contract
_____10. Which of the following statements is not a good PECs indicator?
a. Developing and using alternatives to monitor progress
b. Ready to adopt to alternatives or strategies when necessary
c. Developing systematic plans and monitoring activities and performance
d. Accomplish business objectives and use of network of friends and acquaintances
_____11. The term legal form refers to the type of business ownership. Which type of business ownership is the simplest and most common?
a. Corporation c. Partnership
b. Cooperative d. Sole proprietorship
d. Sole proprietorship
_____12. Partnership is a business form owned by two or more persons. Which among the choices below is NOT an advantage of partnership
a. Partners have to be consulted each time a decision and action is made.
b. No income tax is levied on the partnership itself but on the owners as individuals.
c. Partners decide as to who shall pay debts in case the business is unable to pay its liabilities.
d. If one partner commits mistake, the other has to suffer the consequences.
_____13. Which of the following is NOT an advantage of a corporation?
a. Corporation continue to exist for a maximum of 50 years
b. Continuity of existence is not affected by death of a stockholder
c. Each stockholder shares in the ownership of the company, together with the incorporators
d. Subject to a more government control.
_____14. Which of the choices below is NOT true about a cooperative?
a. Each member is entitled to only one vote
b. Responsibility for paying liabilities is borne equally by the members
c. Owned by twenty-five or more individuals
d. Initiated by individuals numbering from a minimum of five to a maximum of fifteen
_____ 7. To communicate effectively is one quality of a good entrepreneur. Which of the options below is the most important?
a. Sales ability c. Strong work ethics
b. Self - discipline d. Strong leadership qualities
_____ 8. In business, it is the survival of the fittest that counts. Which of the statements below best describes competitiveness?
a. Identify a profitable market and build your business
b. Make an effort to genuinely like, respect and appreciate other people
c. Learn self - discipline with the right information and conscious efforts
d. Play to win, but never to sacrifice your integrity for the sake of a few pesos.
_____ 9. Which PECs behavioral indicator meets or beats existing standards of excellence to improve performance?
a. Opportunity seeking c. Demand for quality and efficiency
b. Persuasion and networking d. Commitment to the work contract
_____10. Which of the following statements is not a good PECs indicator?
a. Developing and using alternatives to monitor progress
b. Ready to adopt to alternatives or strategies when necessary
c. Developing systematic plans and monitoring activities and performance
d. Accomplish business objectives and use of network of friends and acquaintances
_____11. The term legal form refers to the type of business ownership. Which type of business ownership is the simplest and most common?
a. Corporation c. Partnership
b. Cooperative d. Sole proprietorship
d. Sole proprietorship
_____12. Partnership is a business form owned by two or more persons. Which among the choices below is NOT an advantage of partnership
a. Partners have to be consulted each time a decision and action is made.
b. No income tax is levied on the partnership itself but on the owners as individuals.
c. Partners decide as to who shall pay debts in case the business is unable to pay its liabilities.
d. If one partner commits mistake, the other has to suffer the consequences.
_____13. Which of the following is NOT an advantage of a corporation?
a. Corporation continue to exist for a maximum of 50 years
b. Continuity of existence is not affected by death of a stockholder
c. Each stockholder shares in the ownership of the company, together with the incorporators
d. Subject to a more government control.
_____14. Which of the choices below is NOT true about a cooperative?
a. Each member is entitled to only one vote
b. Responsibility for paying liabilities is borne equally by the members
c. Owned by twenty-five or more individuals
d. Initiated by individuals numbering from a minimum of five to a maximum of fifteen

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TOMAS NATIONAL HIGH SCHOOL

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