Have an account?
Skip to Content
30 questions
Show Answers
See Preview
- Multiple ChoicePlease save your changes before editing any questions.
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?
A. 4Ms of production
B. Supply Chain
C. Value Chain
D. Business Model
- Multiple ChoicePlease save your changes before editing any questions.
Benjie is engaged in buying and selling shoes in his neighborhood. He gets his stocks from a local shoes dealer. Suppose each pair costs 1,200.00 and Benjie add 50% mark-up. How much is the mark-up price?
A. 500.00
B. 600.00
C. 700.00
D. 800.00
- Multiple ChoicePlease save your changes before editing any questions.
Which section of a business plan is generally first but written last?
A. Business description and vision
B. Appendices
C. Executive summary
D. Description of market
- Multiple ChoicePlease save your changes before editing any questions.
Costs incurred through payment of utilities such as electricity and water –
A. Revenue
B. Mark-up
C. Free
D. Operating Expenses
- Multiple ChoicePlease save your changes before editing any questions.
Gross profit less expenses is known as:
A. Total drawings
B. Cost of goods sold
C. Net turnover
D. Net profit
- Multiple ChoicePlease save your changes before editing any questions.
What is typical timeframe that a business plan addresses?
A. One year
B. the anticipated life of the business
C. At least three to five years
D. At least five years
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is a replica of a product as it will be manufactured, which may include such details as color, graphics, packaging and instructions?
A. Prototype
B. Materials
C. Supplies
D. Outputs
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?
A. Business Model
B. Suppliers
C. Supply chain
D. Value Chain
- Multiple ChoicePlease save your changes before editing any questions.
The selling price of an item or merchandise is computed by adding cost per unit and __________?
A. Revenue
B. Mark Up
C. Discount
D. Number of Items
- Multiple ChoicePlease save your changes before editing any questions.
It is a tool that allows managers to make educated estimates on revenue and costs of the business in order to cope up with uncertainties of the future –
A. Estimating
B. Guessing
C. Forecasting
D. Benchmarking
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following would not appear in the profit and loss account?
A. Drawings
B. Carriage outwards.
C. Cash expenses
D. Rent received
- Multiple ChoicePlease save your changes before editing any questions.
What is the biggest mistake you can make when preparing a business plan?
A. Not telling a compelling story
B. Forgetting the executive summary
C. Failing to include at least one appendix
D. Failing to have a clear vision of the business
- Multiple ChoicePlease save your changes before editing any questions.
This section will discuss information about your business, your goals and the customers you plan to serve.
A. Executive summary
B. Company description
C. Marketing plan
D. Financial projection
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following best describes recruitment?
A. tools to produce goods or to generate services
B. process by which a business seeks to hire the right person for a vacancy
C. marketing copy that explains what a product is and why it's worth purchasing
D. rationale of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is a set of procedures and instructions?
A. Value chain
B. Supply chain
C. Manpower
D. Methods
- Multiple ChoicePlease save your changes before editing any questions.
Claire is a fish vendor selling at the local public market. He gets his fish from a supplier at 100.00 pesos per kilo and sells it at160.00 per kilo to his customers. How much mark-up did Claire add to his selling price?
A. 40.00
B. 50.00
C. 60.00
D. 70.00
- Multiple ChoicePlease save your changes before editing any questions.
What is an entrepreneur?
A. Someone who invests time and money to start a business.
B. Someone who makes a lot of money.
C. Someone who takes a risk to make a profit.
D. Both A & C.
- Multiple ChoicePlease save your changes before editing any questions.
This section of your business plan will show that you know the ins and outs of the industry and the specific market you are planning to enter.
A. Executive summary
B. Marketing plan
C. Competitive analysis
D. Market analysis
- Multiple ChoicePlease save your changes before editing any questions.
Your rival in the industry is called?
A. Competitor
B. Suppliers
C. Lending firms
D. Board of directors
- Multiple ChoicePlease save your changes before editing any questions.
Merchandise or goods purchased are referred to as –
A. Costs
B. Purchases
C. Expenses
D. Loss
- Multiple ChoicePlease save your changes before editing any questions.
Gross profit is the
A. Amount of money you get for profit lab.
B. Amount of money collected from selling products
C. Amount of money your product costs to produce
D. Has nothing to do with money
- Multiple ChoicePlease save your changes before editing any questions.
Net profit is the:
A. Amount of money you get for profit lab.
B. Amount of money collected from selling products.
C. Amount of money your product costs to produce.
D. Has nothing to do with money
- Multiple ChoicePlease save your changes before editing any questions.
Promotional activity is found in which section of your business plan?
A. Management section
B. Financial section
C. Marketing section
D. Company description section
- Multiple ChoicePlease save your changes before editing any questions.
Which of the following is the marketing copy that explains what a product is and why it's worth purchasing?
A. Production method
B. Product description
C. Business model
D. Prototyping
- Multiple ChoicePlease save your changes before editing any questions.
Mang Antolin sells bottled water in nearby public bus terminal, every day he can sell 30 pieces of bottled water at 20 pesos each. How much is his daily revenue?
A.900.00
B. 700.00
C. 800.00
D. 600.00
- Multiple ChoicePlease save your changes before editing any questions.
All of the following is an income statement accounts, except.
A. Rent expense
B. Service fees
. Accounts receivable
D. Insurance expense
- Multiple ChoicePlease save your changes before editing any questions.
Refers to amount paid to transport goods or merchandise purchased from the supplier to the buyer.
a. Merchandise Inventory, end
b. Merchandise Inventory, beginning
c. Expenses
d. Freight-in
- Multiple ChoicePlease save your changes before editing any questions.
Jean purchased 5 baskets for P 30.00 each. According to her calculation, P 10.00 shall be added to the cost as mark-up. How much is the selling price of each basket?
a. 35.00
b. 40.00
c. 50.00
d. 60.00
- Multiple ChoicePlease save your changes before editing any questions.
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 per kilo to his customers. How much mark-up was Mang Berting adding to his selling
price?
a. 25.00
b. 30.00
c. 15.00
d. 20.00
- Multiple ChoicePlease save your changes before editing any questions.
The 4M’s of production are as follows except ONE.
A. Management
B. Manpower
C. Method
D. Machine