______W/ Exam Permit

LA CONSOLACION COLLEGE BACOLOD ______W/O Exam Permit

SENIOR HIGH SCHOOL
Score:
________________
THIRD MONTHLY EXAMINATION
Entrepreneurship

(For St. Lucy, St. Lawrence, St. Drogo, St. Honorius, St. Elizabeth, St. Agatha, St. Nicholas, St. Anthony
de Padua, St. Christopher)

Name: ______________________________________________________________ Date: _______________

Section: _______________________________ Track/Strand: __________________

General Instructions:
 Please read all the questions carefully. Write legibly and be concise as possible. Use Black or Blue pen
only. Avoid erasures. Any form of cheating will result to Zero Score.

I. True or False: (Understanding).

Write your answers on the space provided. (15 items x 2= 30 points)
_______ 1. An entrepreneur is an owner of a business who invests his/her recources to bring an idea to life,
setting the direction that transforms that idea into reality.
_______ 2. Inventor is a person who introduces either a new process, product, service, or business model to
the marketplace that becomes commercially successful.
_______ 3. Money is the cash component that creates the cycle of waelth conversion and prosperity.
_______ 4. Advisers are the experienced advisers who can add value to the entrepreneur by giving sound
guidance to increase to competency, lessen the risks, and help open more opportunities for the
entrepreneur to succeed.
_______ 5. Preparation is the first gate. It is composed of the 3 M’s: Money, Model, and Mentors.
_______ 6. Coordination is the organization of different people or groups coming from various functions to
attain effeciency, effectiveness and/or impact.
_______ 7. Self- Leadership is the fourth gate. It is about Moving Forward, Mission and Mastery.
_______ 8. Mastery is about building capabilities, knowing the nuts and bolts of the business well, and
eliminating gaps in the know-how.
_______ 9. Making things happen entails getting quality information and making choices from these pieces
of information, mindful or heuristics as well as biases in decision-making.
_______ 10. Adding Value entails the need to ensure all the interdependent elements are in harmony to attain
defined goals.
_______ 11. Mission is about purpose of the reason why the business exists beyond making profit.
_______ 12. Execution is the fourth gate. It is about Machinery, Management Skills and Methods.
_______ 13. The four major gates every entrepreneur needs to enter to arrive at the House of Properity – the
preparation gate, the marketing gate, the execution gate, and the everybody gate.
_______ 14. Owner who invests resources entails risk taking, hence, a person can be an entrepreneur if he or
she has reasonable risk appetite, not just any risk but calculated risk taking.
_______ 15. Investment of cash is needed to bring the idea to life.

II. Enumeration. (Remembering)

Write your answers on the space provided. (15 items x 2 = 30 points)

4. ______________
3. 1.
________ ________
KFS

5. _____________

2. __________ 6. ______________

A. Wealth Conversion Principle B. C’s Key Factors to Successful Entrepreneurs

 C. House of Prosperity

Gate 4 HOUSE OF
Gate 3 PROSPERITY
10.
Gate 2 _________
9.
Gate 1 ____________
8.
_________
7.
__________

D. 5 Components of Entrepreneur

Components What it Involves Key Factors for Success

11. _______________________ Risk Taking Commitment

Turning an idea into revenue Competency

12. _______________________

Quality information and Competency

13. _______________________
making choices

14. _______________________ Interdependent elements are in Competency

harmony
Commitment
15. _______________________ Financial Understanding

"You have to see failure as the beginning and the middle, but never entertain it as an end."
-Jessica Herrin, founder and CEO of Stella & Dot

Prepared by: Mr. Rhon Dave P. Suarez, MBA

Entrepreneurship Instructor