Department of Education

San Jose del Monte National Trade School

Fatima V area E City of San Jose del Monte, Bulacan
Entrepreneur 3rd Summative quiz
Name: _________________
Section: ___________

Choose the correct answer

1. Which of the following statements is true?

A. Professional advice is only needed before starting the business.
B. Professional advice is needed all throughout the life of the business.
C. Professional advice is made only by consultants.
D. Professional advice is only a waste of money

2. The tasks to be accomplished before operating the business should have:

A. design C. time allotment
B. decoration D. measurement

3. To register your Business Trade name is done in the office of?

A. SEC C. Mayor’s Office
B. DTI D. Philhealth Office
4. SSS, Philhealth and Pag-ibig fund contributions is made by __________.
A. employees only C. both Employees and Employers
B. employers only D. none of the choices

5. The Total Cost and Expenses is calculated by –

a. adding cost and expenses c. adding revenue and expense
b. subtracting expenses from costs d. subtracting expense from revenue

6. What refers to physical approachability and to other means of communication and contact?
a. availability b. accessibility
c. location d. place
7. What type of distribution is used when selling happens between the manufacturer and the consumer?
a. direct b. indirect c. intermediary d. delivery
8. What type of distribution is used when a manufacturer utilizes a wholesaler or retailer to sell their
products?
a. direct b. indirect c. intermediary d. delivery
9. Which does not happen when you have the right branding?
a. drive revenue b. steer people away c. stand out from competitors d. build equity
10 The costs incurred through payment of utilities such as water, electricity, internet connection is
considered as –
a. costs c. operating expenses
b. purchases d. personal Expense of the owner

II. a. In putting up a business what are things that need to consider?

b. How to deal with bankruptcy