WorksheetsENTREPRENEURSHIP SUMMATIVE TEST
Total questions: 30
Worksheet time: 15mins
Ryan is a nursing student who plans to work in a hospital. He asks, "Why do I need to learn Entrepreneurship?" Which is the most practical answer?
Because you might need to sell medicines to patients secretly.
Because it builds management and decision-making skills useful for any career.
Because hospitals only hire people with business degrees.
Because it teaches you how to avoid paying taxes on your salary.
After graduating, Sarah chose not to apply for a corporate job. Instead, she uses her skills in writing to accept articles from clients online while working from her home in Irosin. Sarah is a/an:
Informal Sector Worker
Intrapreneur
Freelancer / Digital Entrepreneur
Corporate Manager
Mr. Cruz owns a hardware store. He noticed his employee, Ben, organized the inventory in a new way that saved the company time and money. Ben is exhibiting traits of a/an:
Intrapreneur
Venture Capitalist
Business Consultant
Supplier
Which of the following creates the most "Value" in the local community?
A business that copies exactly what the neighbor is selling.
A business that solves a specific problem while earning profit.
A business that lowers prices to bankrupt all other competitors.
A business that imports everything and hires no locals.
Every day, jeepney drivers in the Bulan terminal complain that their coffee gets cold too quickly while waiting for passengers. From an entrepreneurial view, this complaint is:
A customer pain point that signals a business opportunity
A sign that drivers should stop drinking coffee.
A threat to local coffee shops.
Just a normal annoyance with no solution.
Lea noticed that no store near the Sorsogon State University sells affordable, healthy lunch options; they only sell junk food. This situation is called:
Market Saturation
Supply-Demand Gap
Operational Failure
Perfect Competition
Before opening a specialized Pili-flavored Donut shop, Rico gave free samples to 50 locals and asked if they would buy it for ₱25. Most said "Yes." Rico performed:
Product Manufacturing
Market Validation
Business Registration
Viability Screening
A survey in a farming barangay shows that farmers have back pain from carrying heavy tools. Which product directly addresses this need?
Selling them vitamin C supplements.
Selling them new trendy t-shirts.
Designing a lightweight, wheeled tool carrier.
Offering a loan service with high interest.
You want to open a 24-hour internet cafe in a remote island barangay. You have the money. You know computers. The island has electricity only from 6:00 PM to 10:00 PM. Does this pass Viability?
Yes, because you have the capital.
No, because the electricity cannot support the business model.
Yes, if you just use laptops.
No, because islanders don't use the internet.
Cost to make one burger: ₱30, Selling Price: ₱45, Monthly Rent & Bills: ₱5,000, Expected Sales: 200 burgers per month, Conclusion: (200 x ₱15 profit) = ₱3,000 Total Profit vs ₱5,000 Expenses.
The business is profitable because the selling price is higher than the ingredient cost.
The business fails screening because the volume of sales cannot cover the fixed expenses.
The business passes because burgers are popular.
The business fails because the burger is too cheap.
Three friends want to open a business in Gubat. Option A: Milk Tea (Profit ₱40k, but there are 15 competitors nearby). Option B: Laundry Shop (Profit ₱25k, High demand, only 1 competitor). Option C: Scuba Gear Rental (Profit ₱5k, No competitors, but very few customers). Which is the BEST choice?
Option A, because high profit is the only thing that matters.
Option C, because having No Competition is the rule.
Option B, because it balances good profit with low risk
Option A, because you can easily defeat 15 competitors.
Analiza wants to sell cakes. She has no oven. However, her aunt offered to let her use an oven for a small fee (₱50/day). This reduces her profit slightly, but she still earns money. What is the screening verdict?
Fail, because she doesn't own the equipment.
Pass, because she found a solution to the viability gap and is still profitable.
Fail, because paying the aunt is an operational risk.
Pass, but only if the aunt gives the oven for free.
Mark is choosing between two locations for his photobooth. Location X: Inside the mall (High rent, High traffic, High profit). Location Y: Beside a quiet park (Low rent, Low traffic, Low profit). Mark has very limited capital.
Choose Location X because it makes more money.
Choose Location Y to minimize risk while capital is low.
Borrow huge money to afford Location X immediately.
Do not open the business at all.
Why is Low Competition often better than No Competition?
No Competition might mean there is no customer demand for the product.
Low Competition means you can copy exactly what the rival does.
No Competition is illegal.
Low Competition guarantees you will become a monopoly.
To sell more suman, Aling Nena started wrapping them in colorful, gift-ready boxes instead of just banana leaves. She can now sell them at a higher price to tourists. She improved the:
Place
Packaging
Price
People
Mang Juan's barber shop is famous not because it's fancy, but because Mang Juan tells funny stories and makes customers feel relaxed. This competitive advantage is under:
Promotion
People
Process
Product
A Coffee Shop sells a Student Friendly coffee for ₱50 and a Premium Arabica for ₱150. They are targeting different types of customers. This is an application of:
Branding
Market Segmentation & Pricing
Distribution
Operational Planning
Jollibee is positioned as a "family destination". Starbucks is positioned as a "third place" between work and home. Positioning refers to:
The physical location of the store.
The place the brand occupies in the customer's mind.
The arrangement of furniture in the shop.
The ranking of the business in Google Search.
Instead of just waiting for customers, a tricycle driver created a Facebook page called "Sorsogon Tour Trike" where tourists can book him in advance. He is innovating his:
Product
Promotion
Price
Packaging
If you sell luxury watches, selling them at a noisy wet market is a wrong decision regarding:
Place
Product
Promotion
People
A restaurant owner noticed customers hate waiting for the bill. She introduced a QR code payment system on the table to speed it up. She improved the:
Process
Price
Product
Promotion
Everyone sells regular Halo-Halo. How can you apply differentiation?
Sell it at the exact same price as everyone else.
Use the exact same ingredients as the neighbor.
Create a Spicy Halo-Halo or Salty Caramel Halo-Halo variant.
Stop selling Halo-Halo.
A resort in Matnog lowers its room rates during the rainy season when there are few tourists. This is done to:
Lose money intentionally.
Attract budget-conscious locals to maintain cash flow during off-peak.
Devalue the brand.
Confuse the customers.
A local weaver of abaca bags used to sell only in the market. Now, she partnered with a souvenir shop in the airport to carry her stocks. She expanded her:
Product Line
Place / Distribution Reach
Promotion Budget
Processing Time
You are naming your new fast-delivery courier service. Which name follows the best branding principles (Memorable, Easy to Spell, Relevant)?
RapidGo
The Transportation and Logistics Company of the Philippines South Luzon Branch
R.G. Services
SlowButSure
Why is a brand logo important?
It makes the receipt look pretty.
It serves as a visual identifier that separates you from competitors.
It is required by the Barangay.
It allows you to charge double immediately.
A tagline helps Position a brand. Which tagline suggests Affordability?
The Taste of Luxury
Quality you can taste, Price you can trust.
Exclusively for the Elite
World Class Engineering
Carla has two business options. Option 1: High Profit, but she hates the work (Selling fertilizer). Option 2: Moderate Profit, but she loves the work (Baking). Advice: Entrepreneurship requires long hours and resilience. Which should she likely choose for long-term sustainability?
Option 1, because money is the only goal.
Option 2, because passion helps you survive the hard days of business.
Option 1, then hire someone else to do everything immediately.
Neither
You identified that students need printing services. You have the capital. However, there are already 5 printing shops side-by-side in front of the school. What is your best strategic move?
Open the 6th shop and do exactly the same thing.
Open a shop that offers Online Sending & Delivery of printed files to skip the line
Give up because there is competition.
Burn down the other shops.
Final Screening Question: Business X: Viable (Yes), Profitable (Yes), Customer Interest (Low - 30%). Business Y: Viable (Yes), Profitable (Yes), Customer Interest (High - 90%). Which do you choose?
Business X, because it's a challenge.
Business Y, because high interest reduces the risk of failure.
Business X, because less customers means less work.
Both are equally good.
