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SEAT B

Score:

Southern Philippines College


J. Pacana St., Cagayan de Oro City

MIDTERM EXAMINATION in
Development of Enterprise
1st Sem, SY 2018-2019

Name: _____________________________ Date of Exam: _____________


Course/Year level: ___________________ Permit No.: _______________

READ the instructions carefully. Strictly NO ERASURES. If there is/are erasure/s your answer
for that item will not be counted. (Applicable for test I, II and III)

Test I. True or False


Instructions: Write C if the statement is true and W if false. Write your answer on the space
provided before each number.

1. In every opportunity there is no competition. F


2. Advisors help the entrepreneurs in expanding their networks, leadership skills and
expertise. T
3. Talent triangle includes business acumen, domain knowledge, and operational
experience. T
4. Being able to distract talent is a powerful talent in and of itself. F
5. Customers require thick skin and elastic egos. T
6. Entrepreneurship is a not calling and not a job. F
7. A product is an aspirin if it becomes optional to customers. F
8. The 10x rule is about creating a product that is more than the existing product. T
9. A team that doesn’t have conflict will always make it to success in making hard
decisions. F
10. People are the hardest elements to change and often the slowest to evolve. T

Test II. Identification


Instructions: Identify the terms being referred to below. Write your answer on the space
provided before each number.

1. Refers to the goodwill contained within your social network.


2. These are entrepreneurs who have created more than one company.
3. These types of people in an organization give regular feedback on issues and
initiatives.
4. Refers to the entrepreneur’s openness to review, questioning and advice.
5. Being referred to as co-creators.
6. A new approach where customers become a source of key funding for many
innovative products.
7. Typically experienced entrepreneurs or domain experts.
8. Companies selling to the same customers a slightly different solution.
9. It is obtained by working in the industry in which you are building your
opportunity.
10. Continuous hindrance that deters a competitor from entering your market.

Test III. Matching Type


Instructions: Match column A with column B. Write the letter of your answer before each
number.

“If you only do what you can do, then, you will never be more than you are now”

Prepared by: Mary Grace G. Payla, MBM


Column A Column B
a. Bounded
1. Company's confidential information Rationality
2. Legal rights commonly applied to written materials, music, and videos. b. Creative
3. pushing a product into market destruction
4. It gives the owner the exclusive rights to use a phrase or symbol. c. Product/market
5. Set of legal rights. fit
d. IP rights
6. Allows the owner exclusive rights to do specific thing in a particular way
e. Trade secrets
for a
f. Patents
limited time such as medicinal inventions. g. Copyrights
7. human problem-solving ability h. Ambush exposure
8. It occurs when a startup has found a product that the market will buy. i. Trademarks
9. A possibility that an invisible competitor dives into your market and help j. Outbound sales
themselves to your customers. effort
10. Exponential level of disruption k. Nondisclosure
agreement

Test IV. Draw and explain the diffusion of innovations theory for 20 points.

“If you only do what you can do, then, you will never be more than you are now”

Prepared by: Mary Grace G. Payla, MBM