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ANSWER KEY APOLINAR B. MACIAS MEMORIAL HIGH HIGH SCHOOL Casile, Dauin, Negros Oriental T.L.E 10 First Periodic Test Instruction: Read the following questions and write the correct answer on your answer sheet. 1. The following are the fundamental characteristics characteristics of an entrepreneur EXCEPT. a. FUTURE ORIENTED b. COPES WITH UNCERTAINTY c. COMMITTED d. SMALL-MINDED 2. This involves developing and using logical, step-by-step plans or offering evaluation alternatives, monitoring progress and switching to successful strategies to achieve the goals you want. a. SET YOUR OWN STANDARD b. TAKE THE INITIATIVE c. WILLING TO LISTEN d. RESPONDS TO FEEDBACK 3. It refers to the ability to take measured or calculated risks. a. PERSISTENT b. RISK-TAKER c. HARDWORKING d. PROFIT-ORIENTED 4. Mr. Chavez believes that, in order to have successful business one should first believe in his/her self. What trait did he possess? a. PERSISTENT b. COMMITTED c. SELF-CONFIDENT d. HARDWORKING 5. It is considered as a major priority in the entrepreneurs life. a. WILLING TO LISTEN b. SET YOUR OWN STANDARD c. COMMITTED d. FLEXIBLE 6. What PEC’s must an entrepreneur if he/she is interested in money generation? a. PROFIT-ORIENTED b. FUTURE-ORIENTED c. GOAL-ORIENTED d. All of the above 7. Dianne is very flexible and open-minded, open- minded, she obtain useful feedback and advice from others. What PEC’s did she demonstrated? a. Sensitive b. Reliable c. Decision-maker d. Responds to Feedback
8. What does “PECs” stands for? a. PERSONAL ENTREPRENEURIAL CHARACTERISTICS b. PERSONAL ENTREPRENEURIAL COMPETENCIES c. PERSONAL ESTIMATED COMMUNITY d. PERSONAL ELECTRONIC COMPUTER 9. It is the ability to set a long-term goal needed for the preparation and production of the business. a. Trustworthy b. COMMITTED c. GOAL-ORIENTED d. All of the above 10. Which of the following PECs should an entrepreneur possess in order to be patient., strongwilled and follow his/her own belief despite of any rejection? a. COMMITTED b. HARDWORKING c. RISK-TAKER d. PERSISTENT 11. Mario works diligently and industriously, he spends so much time and effort to run a successful business. What PEC’s has been demonstrated by Mario? a. HARDWORKING b. FLEXIBLE c. COMMITTED d. STRONG-MINDED 12. It is the ability in which an entrepreneur set his/her realistic targets to have an advanced preparation for his/her business. a. GOAL ORIENTED b. COPES WITH FAILURE c. TAKE THE INITIATIVE d. BUILDS ON STRENGTH 13. What PEC’s must be apply in order to handle unusual events that may happen in business? a. COPES WITH UNCERTAINTY b. TAKE THE INITIATIVE c. SET OWN STANDARD d. RESPONDS TO FEEDBACK 14. It is the ability to be trustworthy, honest and being fair. a. RISK-TAKER b. PERSEVERING c. RELIABLE AND HAS INTEGRITY d. FLEXIBLE 15. Rolly learns to work all by himself without the help of others. What PECs has been demonstrated by Rolly? a. HARDWORKING b. INDEPENDENT c. RESOURCEFUL d. RISK-TAKER 16. It is a trait in which an individual can easily adopt to any situations. a. FLEXIBLE b. DECISIVE c. CREATIVE d. SENSITIVE
17. What PECs must be apply if there are problems in the demand and production of the goods and services? a. COMMITTED b. HARDWORKING c. SELF-CONFEDENCE d. COPES WITH UNCERTAINTY 18. Which of the ff. Statements is correct? a. An entrepreneur exerts time and effort b. An entrepreneur is concern of his/her income c. An entrepreneur is forward looking d. All the above 19. Which of the ff. PECs where people base their works on strengths? a. RISK-TAKER b. RELIABLE c. BUILDS STRENGTHS d. OBSERVANT 20. It is the ability of an entrepreneur to build a good reputation and courage to do the right thing. a. RELIABLE AND HAS INTEGRITY b. COMPETENT c. DECISIVE d. EFFICIENT 21. Which of the ff. is the important trait of an entrepreneur? a. EFFICIENT b. CREATIVE c. INDEPENDENT d. ALL OF THE ABOVE 22. It is the way in how to deal with failures and use these into productive learning experiences. a. COPES WITH FAILURE b. HARDWORKING c. PERSISTENT d. NONE OF THE ABOVE 23. Nelly takes her time to listen to the advice, suggestions and recommendations of her friends. What PECs did she demonstrated? a. PERSISTENT b. TAKE THE INITIATIVE c. WILLING TO LISTEN d. ALL OF THE ABOVE 24. It is the ability in putting yourself in a position where you are responsible for the failure or success of your business. a. TAKE INITIATIVE b. COMMITTED c. FLEXIBLE d. COMPETENT 25. The ff. are guides on how to strengthen your own PECs except; a. BEING PASSIVE AND TOO AGGRESSIVE b. ACQUIRE SPECIFIC SKILLS c. BE RESPONSIBLE d. DEMONSTRATE POSSITIVE ATTITUDE
26. These are essential to every individual so he/she may be able to live with dignity and pride. a. Basic needs b. Wants c. Desire d. Recreation 27. It is the desires, luxury and extravagance that signify wealth and an expensive way of living. a. Basic needs b. Wants c. Services d. Recreation 28. Which of the ff. is an example of our basic needs? a. Laptop b. Cellphone c. Food d. None of the above 29. The ff. are example of wants of the individual except; a. EDUCATION b. PERFUME c. JEWELRY d. ACCESORIES 30. Which of the ff. pair is incorrect? a. Food-needs b. Clothing-needs c. Education-wants d. Shoes-wants 31. Which of the given is classified as wants? a. Luxurious cars b. Shelter c. Education d. Food 32. It is the process of gathering, analyzing and dispensing information for tactical or strategic purposes a. Generating ideas b. Entrepreneurship c. Technology d. Environmental scanning 33. Which of the ff. sets of decisions that you need in order to responds to the needs and wants of people? a. What to produce b. How to produce c. How to share/sell out the product to the market d. All of the above 34. Which of the ff. statements is correct? a. Needs are desires of individuals b. Wants are needed for survival c. Wants signify wealth and expensive way of living d. None of the above
35. In order to generate ideas for business, Mr. Tan should consider? a. Examine the existing goods and services b. Examine only the present needs c. Examine the wants of the individual not their needs d. All of the above 36. What would you do to become a successful entrepreneur? a. Identifying the opportunities around you b. Developing character and personality and how to respond to some business challenges and opportunities c. Thinking what do people need d. Using products for specific purpose 37. _________________ in a business are important things that every individual cannot do without in a society. a. Needs b. Health c. Wants d. All of the above 38. What are the two basic indicators in doing a business? a. Education and relaxation b. Needs and wants c. Health and shelter d. All of the above 39. __________________ are ways in improving o r enhancing the product. a. Services b. Wants c. Desires d. Innovation 40. __________________ are ways in introducing an entirely new product to replace the old on e. a. Invention b. Innovation c. Desires d. Wants
