An operating method of a terminal based on multiple inputs and a portable terminal supporting the same are disclosed. The operating method includes: receiving a sensor signal in a state that a touch-down event having at least one touch point is being maintained, generating respective distinct commands according to at least one of a number of touch points of the touch-down event, and a type and a form of the certain sensor signal, activating one of a user function or controlling an operation of a currently activated user function according to the generated commands; and controlling variation in a screen output on a display panel according to the activation or the control of the user function.