Entrepreneurship

MINDANAO MISSION ACADEMY

Accountancy, Business and Management
Semi-Final Examination
September 5-6, 2019

Name:_____________________________________ Section: ______________ Score:_____________________

General instructions
º No calculator, no exam
º No borrowing/exchanging of calculators while taking the exam
º Ask directly from the teacher in-charge if you have questions
º Talking to your seatmates is considered cheating

I. Identification: Identify what is being described in each statement.

______________1. A mark of distinction that is utilized for the purpose of identifying and distinguishing goods or services of one
provider from another.
______________2. Aside from the actual logo, brands can also be represented with distinctive visual identifiers.
______________3. Someone who coordinates and oversees the work of other people in order to accomplish organizational goals.
______________4. Involves coordinating and overseeing the work activities of others so that their activities are completed efficiently
and effectively.
______________5. Getting the most output from the least amount of inputs.
______________6. concern with ends(result) of organizational goal achievement
______________7. Ability to work well with other people both individually and in group.
______________8. The visual symbol or image that will identify the product.
______________9. A management function in which a manager will arrange tasks and other resources to accomplish organization’s
goals
_____________10. The primary component of the 7P.

II. Multiple Choice: Encircle the letter of the best answer.

1. John a graduate of UST was hired by a big corporation. He was assigned to a department where he will be recording the revenues,
expenses, and preparing the financial statements. In what functional area of business does John belong?
a) Research and Development d) Production
b) Marketing e) Finance
c) Human Resource

2. Cookchow, a noodle company, was alarmed when they heard that there is a new noodle sold in the market which was healthier and
cheaper than their noodles. With this information, the president of Cookchow instructed Lester Chan to design and develop a new
noodle which is healthier than the competitor’s noodles. In what functional area of business does Lester Chan belong?
a) Research and Development d) Production
b) Marketing e) Finance
c) Human Resource

3. After three years of scouting and applying, Emma was able to find a job which was aligned with her course. Mr. Seth hired her as
the new secretary for the president. According to the contract sent by Mr. Seth, Emma will receive her monthly salary from the
contract date until the end of her term. While her other benefits will start after her one year service in the company. In what functional
area of business does Mr. Seth belong?
a) Research and Development d) Production
b) Marketing e) Finance
c) Human Resource

4. Before the customer will receive their ordered item, Mr. Manny will check the ordered product if there are any defects. He is in-
charged as well in maintaining the quality control of the products produced. In what functional area of business does Mr. Manny
belong?
a) Research and Development d) Production
b) Marketing e) Finance
c) Human Resource

5. Because of her dedication, Miss Alex maintains the sales of Zing Company in good standing. Her distribution ideas and strategy
catches more customer. In return, Zing Company awarded her as the Employee of the Year. In what functional area of business does
Ms. Alex belong?
a) Research and Development d) Production
b) Marketing e) Finance
c) Human Resource
Entrepreneurship
III. Problem Solving
Alexa, a chef, plans bake a pizza. The following are the costs in making a pizza.

Items Quantity Price per unit

Pizza Dough 30 pcs 33.50
Tomato sauce 1 bottle 57.00
Cheese (mozzarella) 1 pack 120.00
Cheese (cheddar) 2 packs 45.00
Pepperoni 2 kilos 33.00
water 200 per month
Pizza tray 4 pcs 64.00
Additional Information:
 Alexa can produce 30 units of pizza from the total cost above. However, she only produced 23 units.
 Alexa wants a 51% profit margin.

Requirement:
A. Determine the price per unit of a pizza based on the following pricing method.
1. Cost based Pricing

2. Cost Plus Pricing

3. Food Cost Pricing

B. Find the break-even in units using the price in Cost based pricing

IV. Draw and label: Draw and label a Fruit Juice packaging that will show the 7 elements of the brand (Logo, visual cues, trade
name, Generic category, Tagline, Shape, colors). Use the box provided for your drawing. 10