Miriams Academy of ValenzuelaFirst Quarter ExaminationHELE 4NAME: ______________________________________________________ DATE: ____________________

GRADE & SECTION: ______________________________________ SCORE: _________________

I. Encircle the letter of the correct answer.

1. These are people who own, run, and take risks of a business undertaking.a. workersb. employeesc. entrepreneursd. entrepreneurship

2. Those are people who possess skill that turn good idea into business.a. workersb. employeesc. entrepreneursd. entrepreneurship

3. An entrepreneur puts up a business in order to earn ____________.a. carb. profitc. housed. salary

4. Which among the following statements is a disadvantage of becoming an entrepreneur?a. can decide aloneb. make a lot of moneyc. making of new ideasd. risky

5. Who is the most important person in entrepreneurship?a. workersb. employeesc. entrepreneursd. business

6. Entrepreneurs in putting up business bring benefits to people such as:a. employeesb. employmentc. employerd. employed

7. Innovative and creative entrepreneurs help in the growth of the economy through:a. engaging in businessb. managing a storec. offering services to customersd. providing job for employed

8. Improvement in the quality of life means:a. ability to travel abroadb. building a housec. capability in buying products or availing service neededd. purchase of cloth and toys

9. The following tells us about contribution of an entrepreneur, which one is not?a. improves quality of lifeb. make a lot of moneyc. provide employmentd. provide social benefits

10. Entrepreneurs provide social benefits, which among the following choices is not an example of social benefits?a. buildingc. hospitalb. educationd. school service

11. The French word of entrepreneur, which means, to undertakea. entreprendrec.entreprenteeb. entreprenturd. entrepreneur

12. The following is types of small business which is not?a. micro-businessc. small businessb. medium businessd. large business

13. In this type of business, the owner is the one manages the business and employs one or two individuals to help him/her.a. micro-businessc. small businessb. medium businessd. large business

14. In _____________, owner and managed by an individual or group with only enough resources to continue its operation.a. micro-businessc. small businessb. medium businessd. large business

15. In _______________, owned and managed by a single person, two business partners or a corporation.a. micro-businessc. small businessb. medium businessd. large business

16. It defined as a result gained by efforta. achievementb. failurec. disappointmentd. discouragement

17. Entrepreneurs possess a characteristic of discovering new of different ideas that can salable in the market.a. opportunity seekingb. commitment to the work contractc. demand for quality and efficiency d. persistent

18. Entrepreneurs must believe in themselves that they can do things despite the overwhelming odds.a. opportunity seekingb. commitment to the work contractc. demand for quality and efficiency d. persistent

19. An entrepreneur accepts final accountability for completing a work for the customers.a. opportunity seekingb. commitment to the work contractc. demand for quality and efficiency d. persistent

20. Entrepreneur assesses and study possible business ventures before committing themselves and resources. a. opportunity seekingb. commitment to the work contractc. demand for quality and efficiency d. persistent II. Use the personal entrepreneurial characteristics from the word bank below and match each to the correct statement.

a. opportunity seekingd. persistentb. commitment to the work contracte. risk-takingc. demand for quality and efficiency

____ 1. Entrepreneurs possess a characteristic of discovering new of different ideas that can salable in the market.____ 2. Entrepreneurs do not give up easily.

____ 3. Entrepreneurs value commitment to work.

____ 4. Entrepreneurs calculate and study possible business venture.

____ 5. Entrepreneurs find ways to do things better faster, cheaper in meeting standard of excellence from themselves.

III. Write the answer in the space provided.

____ 1. Specific goals will help you focus you effort.A. specific

____ 2. Measurable goals include clear criteria to measure the progress.B. measurable

____ 3. Its better to set goals that is attainable period of time.C. attainable

____ 4. Relevant goals must be realistic challenging but not overwhelming.D. relevant

____ 5. Goal is set for the next day, week, year or 5.E. time-bound

IV. Identify the personal entrepreneurial characteristic, write your answers in the space provide.

_________________________ 1. It is an intellectual process, conscious determination of course of action, the basing of decision on purpose, and facts and considerate estimated._________________________ 2. It defined as a result gained by effort_________________________ 3. It is the ability to cause or prevent an action, make things happen: the discretion to act or not to act._________________________ 4. It defined as a change made in the established way of things._________________________ 5. This objective established in setting goals.

V. Fill in the black. Write the missing word to complete the sentence.a. goald. entrepreneurialb. find wayse. continuous c. newf. entrepreneurs

1._________________________ is set for the next day, week, year or 5.

2. Entrepreneurs _________________________to do things better faster, cheaper in meeting standard of excellence from themselves.

3. Innovation is a change made in the _______________________ way of things.

4. The Personal __________________________ characteristics are need in building a business.

5. Planning is a __________________________ process, conscious determination of course of action, the basing of decision on purpose, facts and considerate estimated.

VI. Write true if the statement is true and false if not.______________ 1. The Personal entrepreneurial characteristics are need in building a business.

______________ 2. Measurable goals include clear criteria to measure the progress.

______________ 3. Entrepreneurs find ways to do things better faster, cheaper in meeting standard of excellence from themselves.______________ 4. An entrepreneur accepts final accountability for completing a work for the customers.

_______________ 5. Entrepreneurs possess a characteristic of discovering new of different ideas that can salable in the market.

VII. Enumerationa. Three types of small business1.________________________________________________________

2. ________________________________________________________

3. ________________________________________________________

b. The three Personal Entrepreneurial characteristics that divided into 3 Cluster

1. ________________________________________________________

2. ________________________________________________________

3. ________________________________________________________c. Give the Achievement Cluster

1. ________________________________________________________

2. ________________________________________________________

3. ________________________________________________________

4. ________________________________________________________

5. ________________________________________________________d. Give at least 5 government agencies that need to have their permit for you to build business.

1. ________________________________________________________

2. ________________________________________________________

3. ________________________________________________________

4. ________________________________________________________

5. ________________________________________________________