1.The following are examples of peoples’ basic needs, except:
A. clothing B. food C. recreation D. shelter

2. Which of the following should be considered first by a prospective
entrepreneur in choosing the right location for his/her store?
A. Type of merchandise
B. The access of the target customers
C. The attractiveness of the store layout
D. The prevailing prices of goods in the area

3. Thong plans to put an electrical supply in their locality. Which of the following
will help him determine his plan for a successful setting up of his business?
A. Conduct a SWOT analysis
B. Survey of consumer associations
C. Getting feedback on the quality of service
D. Checking for similar business to avoid competition

4. Caesar studies the population in his immediate community. He is doing this to
A. predict his biggest buyer.
B. identify his would be “suki”.
C. select his favorite customers.
D. determine whom to sell his product or service.

5. When an entrepreneur improves and alters products to make it more appealing
to target consumers, he/she is doing an ____________ of the product.
A. alteration B. invention C. innovation D. improvisation

6. Which of the following is an example of the basic needs of man?
A. Car B. Cellphone C. Food D. TV

7. Which of the following is a factor to consider in choosing the right location?
A. Accessibility C. Demography
B. Advertisement and promotion D. Product

8. What is the meaning of S in the acronym SWOT?
A. Sample B. Simple C. Strength D. Sworn

9. W in SWOT stands for
A. Weaknesses B. Wire C. Word D. Worth

10. What is the meaning of T in SWOT?
A. Threats B. Technical C. Technique D. Time