St.

Ferdinand College
Cabagan Campus
Cabagan, Isabela
College of Business Education
1ST Semester SY 2020-2021

THE
ENTREPRENEURI
AL MIND
COURSE MODULE
FOR: BSBA 1 , CRIM 1A, 1B, 1C

Prepared by;
ROSARIO_EDA B. MILLARES JEMALYN D. TURINGAN
Instructor Instructor

FINALS
QUIZ 1
Name: _____________________________ Course/Yr./Section________ Score: _______

I. MULTIPLE CHOICE: Read the questions carefully. Choose the best answer and write it
on the space provided before the number.

______1. A documents that helps the SBO determine what resources are needed to achieve the
objectives of the firm and the like:
a. financial plan b. marketing plan
c. human resource plan d. business plan
______2. Part of Business plan that indicates the name of the business, names of the proponents,
address and others.
a. title page and contents b. executive summary
c. description of the business d. the product or service
______3. The part of the business plan which contains information on the capital needs of the
business, how the money will be spent, what benefits will be derived by the business from the
loan or investment, among others:
a. executive summary b. description of the business
c. the product or service d. market strategies
______4. When the SBO is determining which part of the total potential market will be served
by the firm, he is actually developing a market strategy referred to as:
a. definition of the market b. determination of the market share
c. position strategy d. pricing strategy
______5. When the SBO wants to know what the customers really want to buy from the firm, he
is starting to develop a:
a. pricing strategy b. positioning strategy
c. distribution strategy d. promotion strategy
______6. A method of pricing where the firm sets prices based on buyer desires
a. cost plus pricing b. demand pricing
c. competitive pricing d. mark up pricing
______7. They sell directly to the consumers
a. brokers b. wholesalers c. manufacturer d. retailers
______8. This portion of the promotion strategy is a detailed presentation of the publicity
strategy of the firm:
a. advertising aspects b. packaging
c. public relations d. sales promotions
______9. That portion of the business plan that contains the organizational structure, operating
expenses, capital requirements and cost of goods sold:
a. market strategies b. operations and management
c. analysis of the competition d. financial data
______10. The financial statement that shows the financial condition of the business as of a
given date:
a. Income Statement b. Cash flow Statement
c. Balance Sheet d. Statement of planning premises
______11. Current assets which includes cash checking, savings and short term investments
accounts
a. cash b. accounts receivables
c. inventory d. investments
______12. Part of liabilities where all expenses incurred by the business that are purchased on an
open account from suppliers and are due for payment.
a. bonds payable b. mortgage payable
c. accounts payable d. notes payable
______13. It is used for operational planning and estimates the amount of cash inflows and
outflows of the business during specified period of time
a. Income Statement b. Balance Sheet
c. Cash Flow Statement d. T Balance
______14. The sum of each cash, cash sales, receivable and other income
a. total incomeb. total net c. gross income d. all
______15. Refers to the funds requirements to obtain any equipment needed to generate income.
a. expenses b. taxes c. capital d. loans

II. IDENTIFICATION

______________________1. A sort of a business blueprint and it keeps the entrepreneur on the

right track.
______________________2. Portion of business plan indicating the capital needs of the
business, how the money will be used, among others.
______________________3. Market strategies are formulated after undertaking market ()?
______________________4. It is where the firm identifies a target market segment and
develops a unique strategy mix to address to desire of the segment.
______________________5. A pricing method that covers all costs, plus an extra increment to
deliver profit.
______________________6. The most effective channel if the plan is to move goods directly to
the ultimate user.
______________________7. A means used to support the sales message like special sales,
coupons, contests and the like.
______________________8. The costs of goods of trading firms consist of product purchased
for ()?
______________________9. It shows the incomes, expenses and profits of a firm over period of
time.
______________________10. A Financial Statement that shows the financial condition of the
business as of a given date.

Activity 2
Name: _____________________________ Course/ Yr. Sec. ______________ Score: ___________
 A. Identify what type of accounts is listed below. (Assets, Liabilities, Owner’s Equity). Write
your answer on the space provided before the number.

_______________1. Cash
_______________2. Cash on hand
_______________3. Cash on bank
_______________4. Building
_______________5. Accounts payable
_______________6. Interest payable
_______________7. Taxes payable
_______________8. Prepaid Rent
_______________9. Owner’s capital
_______________10. Unearned revenue
_______________11. Common stock
_______________12. Land
_______________13. Salaries payable
_______________14. Petty cash
_______________15. Investment

B. Using the information below, prepare a Balance Sheet of ABC Company.

Accounts Amount (in pesos)

Cash 696, 708.75
Accounts receivable 199, 680.00
Computer units 400, 000.00
Printer 6, 000.00
Computer tables 33, 000.00
Computer chairs 3, 000.00
Office tables 3, 000.00
Office chairs 900.00
Aircon 18, 000.00
Steel cabinet 5, 500.00
Accumulated Depreciation 78, 387.00
Income tax payable 332, 195.52
ABC Capital Beginning 549, 290.75
Net Income 705, 915.48
Dividend 300, 000.00

C. Using the information below, prepare an Income Statement of ABC Company.

Accounts Amount (in pesos)

Gross sales 1, 996, 800.00
Cost of sales 553, 920.00
Salaries and wages 90, 000.00
Fringe benefits 22, 500.00
13th month pay 7, 500.00
Advertising and promotion 12, 000.00
Repairs and maintenance 2, 400.00
Stationaries and Office Supplies 14, 082.00
Telephone, fax and postage 14, 400.00
Rentals 7, 500.00
Electric and water 60, 000.00
Depreciation 78, 387.00
Miscellaneous expenses 6, 000.00
Income tax 332, 195.52