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Entrepreneurship Quarter 1 Summative Test 2

Quiz by C C

Grade 11-12
Entrepreneurship
Philippines Curriculum: SHS Applied Subjects (MELC)

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40 questions
Show answers
  • Q1
    Which of the following refers to a formal written document which consists of business goals, the steps or ways on how to attain the goals, and the time frame needed to achieve these goals?
    Feasibility Study
    Market Plan
    Business Plan
    Business Opportunity
    60s
  • Q2
    How many parts does a business plan have?
    3
    6
    5
    4
    60s
  • Q3
    Which part of the business plan indicates the mission and vision statements of the business?
    Product/Service Plan
    Executive Summary
    Management and Organization
    Financial Plan
    60s
  • Q4
    Which part of the business plan contains the start-up cost requirements needed in the business?
    Financial Plan
    Executive Summary
    Product/Service Plan
    Management and Organization
    60s
  • Q5
    Which part of the business plan includes the demand and supply vis-à-vis competitors?
    Market Plan
    Management and Organization
    Product/Service Plan
    Financial Plan
    60s
  • Q6
    Which part of the business plan includes the proposed business and business model?
    Product/Service Plan
    Executive Summary
    Management and Organization
    Financial Plan
    60s
  • Q7
    In what agency a sole proprietorship type of business must register?
    Cooperative Development Authority
    Department of Trade and Industry
    Department of Foreign Affairs
    Security and Exchange Commission
    60s
  • Q8
    What does BIR stand for?
    Bureau of Internal Revenue
    Bureau of Intensive Room
    Bureau of Internist Regulation
    Bureau of Instruction Resources
    60s
  • Q9
    Why do we need to plan our business?
    All options
    To encourage possible investors.
    To guide you in your business process .
    To attract possible clients/customers.
    60s
  • Q10
    What type of product has long interval in buying?
    Durables
    Merchandise
    Non-durables
    Service
    60s
  • Q11
    What type of product do we purchase often and in regular basis?
    Merchandise
    Non-durables
    Durables
    Service
    60s
  • Q12
    What type of product is intangible, but we provide to satisfy our customers’ need?
    Merchandise
    Non-durables
    Durables
    Service
    60s
  • Q13
    Which of the following products is a need?
    Television
    Laptop
    Food
    Gadgets
    60s
  • Q14
    What refers to physical approachability and to other means of communication and contact?
    Availability
    Accessibility
    Location
    Place
    60s
  • Q15
    What type of distribution is used when selling happens between the manufacturer and the customer?
    Delivery
    Intermediary
    Indirect
    Direct
    60s

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