2nd Periodical Test in Entrepreneurship
Quiz by Jocelyn S. Miranda
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- Q1
It represents the final products from the production process and distributed to the customers.
Supplies
Input
Materials
Output
60s - Q2
It is a replica of a product.
Prototype
Business Model
Product Description
Suppliers
60s - Q3
Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?
Value Chain
Business Model
Supply Chain
Prototype
60s - Q4
Which of the following is the process or activities by which a company adds value to an article, including production, marketing, and the provision of after-sales service?
Business Model
Value Chain
Supply Chain
Prototype
60s - Q5
It describes the rationale of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts.
Business Model
Supply Chain
Prototype
Value Chain
60s - Q6
It is an entity that supplies goods and services to another organization.
Products
Suppliers
Buyers
Prototype
60s - Q7
It refers to the process or technique of converting raw materials to finished products.
Methods
Materials
Manpower
Machine
60s - Q8
Which of the following refers to the manufacturing equipment used in the production of goods or delivery of services?
Machine
Materials
Manpower
Methods
60s - Q9
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.
Both Statements are true.
Only Statement I is true.
Both Statements are false.
Only Statement II is true.
60s - Q10
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.
Only Statement II is true.
Both Statements are false.
Only Statement I is true.
Both Statements are true.
60s - Q11
This refers to the amount added to the cost of a product to determine the selling price.
Revenue
Cost
Mark-up
Mark down
60s - Q12
Aling Marta sells bibingka in her neighbourhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?
450.00
1000.00
800.00
900.00
60s - Q13
It is a planning tool that helps the entrepreneur copes with uncertainties in the future operation of the business.
Selling
Forecasting
Benchmarking
Revenue
60s - Q14
Mang Berting is a fruit vendor selling at the local public market. He gets his mangoes from a supplier at 25 pesos per kilo and sells it at 45 pesos per kilo to his customers. How much mark-up is Mang Berting adding to his selling price?
25.00
15.00
20.00
30.00
60s - Q15
Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos, how much is the mark-up?
30.00
50.00
40.00
45.00
60s