LILOAN NATIONAL HIGH SCHOOL
Poblacion, Liloan, Cebu
Senior High School Department
S.Y. 2022- 2023
SUMMATIVE TEST IN ENTREPRENEURSHIP
2ND SEMESTER S.Y 2022-2023
Name: ____________________________________ Score: _____________________
Grade and Section: ________________ Parent’s Signature: __________
General Instructions
1. Avoid erasures, you are allowed to use at least 3 erasures. If you exceed, it will be a deducted from your total
score.
2. Using of cellphones and any gadgets are strictly prohibited unless emergency.
3. Refrain from lifting your test papers as your classmates at the back may see your answers.
4. If you have any question about the test, just raise your right hand.
GOD BLESS!
I. Multiple Choice. Read and understand each question carefully. Write the letter that corresponds to the correct answer before
the number.
1. Which of the following refers to the human workforce involved in the manufacture of products?
a. Materials b. Method c. Machine d. Manpower
2. The 4M’s of production are as follows except ONE. Which one is it?
a. Management b. Manpower c. Method d. Machine
3. Which of the following refers to the manufacturing equipment used in the production of goods or delivery of services?
a. Machine b. Manpower c. Method d. Materials
4. It refers to the process or technique of converting raw materials to finished products.
a. Machine b. Manpower c. Method d. Materials
5. It simply refers to the raw materials needed in the production of a product.
a. Machine b. Manpower c. Method d. Materials
6. Statement I - Skills and expertise are not important in considering manpower.
Statement II - Benefits are the reasons why customers will decide to buy the products.
a. Only Statement I is true. c. Both Statements are true.
b. Only Statement II is true. d. Both Statements are false.
7. Statement I - Educational qualifications and experience is one of the criteria in considering manpower.
Statement II - Product to produce is one of the factors to be considered in method or production method.
a. Only Statement I is true. c. Both Statements are true.
b. Only Statement II is true. d. Both Statements are false.
8. Statement I - In selecting the type of equipment to purchase, the entrepreneur may consider cost and capacity of the
equipment.
Statement II - The purpose of a product description is to supply customers through details around the features and benefits of
the product.
a. Only Statement I is true. c. Both Statements are true.
b. Only Statement II is true. d. Both Statements are false.
9. This refers to the amount added to the cost of a product to determine the selling price.
a. Revenue b. Cost c. Mark Up d. Mark Down
10. It is a planning tool that helps the entrepreneur copes with uncertainties in the future operation of the business.
a. Revenue b. Selling c. Benchmarking d. Forecasting
II. True or False: Write T if the Statement is True, otherwise F if it is False.
_____ 11. Manpower is the human labor force involved in the manufacture of products.
_____ 12. Materials are equipment used in the production of goods or delivery services.
_____ 13. Method represent the day-to-day operation of a business.
_____ 14. Machines include but is not limited to raw and processed material component, parts and tools.
_____ 15.The 4Ms of Production is the process, testing and commercializing a product or services with ultimate objective of solving
the problem of the primary target market.
III. Give what is asked: READ all the statements FIRST before answering. STRICTLY NO ERASURES.
1. Draw a square below.
2. Inside the square, write a small triangle.
3. Inside the triangle, write the name of your favorite teacher.
4. Below the name of your favorite teacher, write your favorite subject.
5. Beside the square you draw, draw a circle.
6. Inside the circle write the name of your best friend.
7. Write the learnings you’ve learn in the given modules.
8. Write the 4M’s of Productions.
9. Write the at least 3 components of Business Plan
10. Do only numbers 7,8,9 and 10.
4Ms of Productions Components of Business Plan
1. 1.
2. 2.
3. 3.
4.
The things I’ve learned
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Prepared by:
LOIE LYNDON B. JUGAN
