Entrepreneurship Test Questionnaire - Third Quarter PDF

Republic of the Philippines Department of Education **ENTREPRENEURSHIP** Name:[                                                                ] Date:[                           ] Section:[                    ] Score:[                         ] I. **Multiple Choice**: Choose the BEST answer for...

Republic of the Philippines Department of Education **ENTREPRENEURSHIP** Name:[                                                                ] Date:[                           ] Section:[                    ] Score:[                         ] I. **Multiple Choice**: Choose the BEST answer for the following questions. Write only the letter of the correct answer.​ **ERASURE MEANS WRONG.** [          ]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. A source of entrepreneurial ideas where expertise and skills developed by a person from 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 [          ]4. Why is it important to identify the market problems? A. To ignore potential challenges in the market B. To address issues that may hinder the business growth C. To increase competition among business D. All of the Above [          ]5. They are the ones who pay cash in exchange for your goods and services. A. Buyers B. Competitors C. Sellers D. Suppliers [          ]6. Mr. Flores goes to the store to buy lemonade for their child\'s birthday party, and they discover that the grocery store is out of regular lemonade. They decide to purchase fruit punch instead. Fruit punch is a sweet fruit drink like lemonade, so it acts as what? A. Subtitute Products C. Buyer's Preferences B. Exchange Products D. Substitute Products [          ]7. Service requirement is a/an \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ thing or product that cannot be touched but the customer can feel the fulfillment. A. Tangible B. Intangible C. Service D. Output [          ]8. What is the first step in conducting strategic marketing? a\. Estimate the potential market b\. Estimate the customers who are probably dislike to buy your product c\. Estimate the market share d\. Estimate business funding [          ]9. Teacher Keith wants to ensure that his online tutoring sessions are interactive and joyful. Teacher Keith wants to meet his student's needs effectively by ensuring immediate access within a specific timeframe in every online session. What kind of service did Teacher Kieth do? A. Output Requirement C. Service Requirement B. Costumer Requirement D. Characteristics Requirement [          ]10. This refers to how you sell your products or services to your customer. A. Value proposition C. Selling proposition B. Unique selling proposition D. Marketing concept [          ]11. What kind of requirement if the customers receive a smile after delivering a product? A. Output Requirement C. Service Requirement B. Costumer Requirement D. Characteristics Requirement [          ]12. What kind of requirement if the costumer see the expected product? A. Output Requirement C. Service Requirement B. Costumer Requirement D. Characteristics Requirement [          ]13. It is the process of gathering, analyzing, and interpreting the information about the product or the services to be offered for sale in the market, the market, and about past, present, and any potential consumers for the products. A. Data Gathering C. Secondary Research B. Primary Research D. Market Research [          ]14. A data gathering technique where it can be moderated to group interviews and brainstorming sessions that provide information on user's needs and behaviors. A. Personal Interview C. Survey B. Focus Group Discussion D. Data Gathering [          ]15. A data gathering technique where it can be done via direct mail, over the phone, internet or e-mail. A. Data Gathering C. Focus Group Discussion B. Survey D. Personal Interview [          ]16. It is the most common way to gather data with the use of questionnaires or interview schedules. A. Interview B. Focus Group Discussion C. Survey D. Data Gathering [          ]17. It is the traditional method of data collection which is normally done in person with the respondents. A. Personal Interview B. Focus Group Discussion C. Survey D. Data gathering [          ]18. It is an excellent method for generating and screening ideas and concepts A. Data Gathering B. Survey C. Focus Group Discussion D. Personal Interview [          ]19. John is always conducting and calling interviews with his candidates to gather his data. What kind of interview did John do? A. Telephone Interviews C. Focus Group Discussion B. Survey D. Personal Interview [          ]20. Mary experienced a face-to-face interview with the researchers. What kind of interview did she experience? A. Telephone Interviews C. Focus Group Discussion B. Survey D. Personal Interview II\. **Identification**. Identify what is being asked in the following question. Write your answer in the space provided. ​**ERASURE MEANS WRONG.** [                            ]1. The expertise and skills developed by a person who has worked in a particular field may lead to the opening of a related business enterprise. [                            ]2. A person that have the ability to penetrate or enter into a particular industry. [                            ]3. If supplies and services being offered is unstable the intensity of the [ ] is strong in this kind of competitive force in the industry. [                            ]4. This is a state or situation in which people or groups are competing with each other. [                            ]5. It is the act or process of trying to get or win something [                            ]6. It refers to the physical environment, societal environment, and industry environment where the business operates. [                            ]7. It is a business or marketing statement that summarizes why a consumer should buy a company\'s product or use its service. [                            ]8. It refers to how you sell your product or services to your customers. You will address the wants and desires of your customers. [                            ]9. It is a sage in the market identification process that aims to determine the buyers with common needs and characteristics. [                            ]10. An intangible thing or product that cannot be touched but the customer can feel the fulfillment. [                            ]11. It is like a size of the arena where the entrepreneurs will play their business. It is the approximate number of sellers and buyers in a particular market. [                            ]12. It is information gathered directly from the respondents who answered a set of questions. [                            ]13. It is the traditional method of data collection which is normally done in person with the respondents. [                            ]14. It obtains information on general attitudes, and understands the circumstances under which customers might require your product or services and understand their desired outcomes. [                            ]15. It is one of the most reliable and credible ways of getting relevant information from target customers. [                            ]16. It is the most valuable tool in any type of research study. [                            ]17. A data gathering technique where it can be done via direct mail, over the phone, internet, or e-mail. [                            ]18. They also allow the researcher to clarify indefinite answers and when necessary, seek follow-up information. [                            ]It is an excellent method for generating and screening ideas and concepts. [                            ]20. It can be moderated group interviews and brainstorming sessions that provide information on user's needs and behaviors. **III. True or False**. In the space provided before the number, write **True** if the statement is true and **False** if the statement is false. **ERASURE MEANS WRONG.** \_\_\_\_\_ 1. An entrepreneur enters a business because of its profitability. \_\_\_\_\_ 2. New business ideas provide business opportunities. \_\_\_\_\_ 3. The entrepreneurial process starts with identification of entrepreneurial opportunities. \_\_\_\_\_ 4. Not all changes in the external environment provides business opportunities. \_\_\_\_\_ 5. Discovery and advancement in the use of technology are additional good sources of business opportunities. \_\_\_\_\_ 6. Interest and hobbies of the people are possible good sources of entrepreneurial ideas. \_\_\_\_\_ 7. The industry environment of the business is under technological discovery and advancement sources of opportunities. \_\_\_\_\_ 8. The variables in the physical environment include the economic forces. \_\_\_\_\_ 9. Entrepreneurial heart flame refers to the ability of the entrepreneur to sense without using the five senses. \_\_\_\_ 10. Entrepreneurial mind frame permits the entrepreneur to see things in a very positive and optimistic light. \_\_\_\_\_11. The business operates in the industry environment. \_\_\_\_ 12. Opening a Halo -- halo business during summer season is ideal. \_\_\_\_ 13. Environmental scanning is conducted only when a new business is opened. \_\_\_\_ 14. When the barriers to the competitive forces are high, the effect to the growth of the business is likewise high. \_\_\_\_\_15. Entrepreneurs need not observe and evaluate the priorities of the government. III\. **Essay: 5pts.** Answer the question to the best of your knowledge. If you are given a chance to become an entrepreneur. What kind of product do you want to sell to meet the customer's needs? Why?