Direction: Encircle the letter of the correct answer.

1. Known as world trade

a. export and import of goods among nations
b. circulation of money in the early times
c. exchange of goods with other tribes
d. exchange foods for other things
2. Used to pay goods and services and is the medium of exchange in trading with
other countries.
a. other goods c. foods
b. money d. things
. !he system of exchange through which goods and services are traded in the
community" using the medium of money.
a. barter economy c. money economy
b. economy d. technology
#. !he system of exchange through which goods and services are traded in exchange
for land" clothing for food" and food for services.
a. barter economy c. money economy
b. economy d. technology
$. %eople with some money to start with" put up small stores that sell food and other
needs of the people in the community.
a. micro entrepreneurs c. medium entrepreneurs
b. large entrepreneurs d. small entrepreneurs
&. 'n organi(ed tas) of people to produce and sell goods and services is
a. business c. industry
b. economy d. technology
7. *ho ta)es the ris) of organi(ing and operating a certain )inds of business is an
a. entrepreneurship c. entrepreneur
b. small business d. business owner
+. ' very small business in which the owner is the principal wor)er
a. micro business c. medium business
b. macro business d. small business
,. -wned and manage by an individual or group and has only enough resources to
continue operating. .rocery" ba)eshop and restaurant belong to
a. large business c. small business
b. medium business d. micro business
1/.0usiness owned and operated by a single person" two business partners or a
corporation.
a. large business c. small business
b. medium business d. micro business
11.%ersons engaged in selling goods and services
a. entrepreneur c. owner
b. business people d. traders
12.'n enterprise manage by its owner
a. large business c. small business
b. micro business d. medium business
1.' feature of a small business enterprise
a. personali(ed services c. public service
b. greater capital d. lesser wor)
1#.1anager of a small business
a. owner c. small business
b. entrepreneur d. businessmen
1$.!he ability to create something new" or to thin) of new ways of doing things.
a. discovery c. innovation
b. invention d. restoration
1&.2efers to seed money" e3uipment" machines and materials
a. capital c. supply
b. demand d. liability
14.Expertise in business management and operation
a. creativity c. innovativeness
b. entrepreneurial d. salesmanship
1+.%resident of various business enterprises and that manufactures of passenger
5eeps.
a. 6eonardo 7arao c. 6eonardo da 8inci
b. 6eonardo 6eonardo d. 6eonardo 1adra(o
1,.%art of the national budget comes from taxes paid by 999999999.
a. wealthy families c. entrepreneurs
b. poor families d. foreigners
2/.99999999999999helps solve unemployment among the people.
a. innovators c. business management
b. inventors d. business enterprise
21.:t exist at all times" because people need goods and services to survive.
a. demand c. business needs
b. business opportunities d. supply
22. ;actor in searching for business opportunities that as): *hat products are in
demand<
a. the need of the community c. available resources
b. s)ills and interests d. mar)et
23. ;actor in searching for business opportunities that as): Do you have money for
capital<
a. the need of the community c. available resources
b. s)ills and interests d. mar)et
24. ;actor in searching for business opportunities that as): Does the particular
business activity meet your interest<
a. s)ills and interests c. available resources
b. the need of the community d. mar)et
25. ;actor in searching for business opportunities that as): *ho will buy your
products<
a. mar)et c. suppliers of raw materials
b. manpower d. technology
2&.;actor in searching for business opportunities that as): 're materials always
available<
a. suppliers of raw materials c. mar)et
b. manpower d. technology
24.;actor in searching for business opportunities that as): 're expert wor)ers
available<
a. suppliers of raw materials c. mar)et
b. manpower d. technology
2+.;actor in searching for business opportunities that as): :s your product or service
new or improved<
a. suppliers of raw materials c. mar)et
b. technology d. manpower
2,.:ncludes all activities relating to the sale of goods and services direct to consumers.
a. wholesaling c. retailing
b. selling d. buying
30. !he lin) between the producers and consumers.
a. retailer c. wholesaler
a. buyer c. seller
1.'n activity concerned with obtaining the right )ind of goods in the right amount" at
the right time" at the right price and" from the right source.
a. purchasing c. retailing
b. buying d. selling
2.!he value that a retailer sets for the article for sale. :t is the amount of money paid
for goods or services.
a. ceiling c. price
b. mar)=up d. sales
.1argin of difference between cost price and selling price.
a. selling price c. mar)=down
c. c.o.d. d. mar)=up
#.>hec)ing the 3uantity and 3uality of merchandise purchased.
a. mar)=up c. receiving
b. purchasing d. price
$.'n activity concerned with obtaining food of the right )ind" at the right price from
the right source.
a. mar)=up b. receiving
b. purchasing d. price
&.2e3uires wise purchasing" vigilant chec)ing" proper storage of goods" and
reasonable pricing.
a. wholesaling c. pricing
b. purchasing d. retailing
4.!his sales type re3uires the customers to pay for cash for the goods he?she buys
and store delivers the goods to his?her home.
a. >ash=7end or >ash Deliver 7ale c. >ash=!a)e=7ale
b. >harge=7end or >harge=Deliver d. >harge=!a)e=7ale
+.!he customer pays for the goods and ta)es these homes with him?her.
a. >ash=7end or >ash Deliver 7ale c. >ash=!a)e=7ale
b. >harge=7end or >harge=Deliver d. >harge=!a)e=7ale
,.!he goods are charged to the customer and then deliver to his?her home.
a. >harge=7end or >harge=Deliver c. >ash=!a)e=7ale
b. >ash=7end or >ash Deliver 7ale d. >harge=!a)e=7ale
#/.!he customer ta)es home the merchandise that has been charged to him?her.
a. >harge=!a)e=7ale c. >ash=!a)e=7ale
b. >ash=7end or >ash Deliver 7ale d. >ash=7end or >ash Deliver 7ale
41. Upon delivery of the merchandise to his?her home the customer pays cash for it.
a. 6ay='way or *ill=>all 7ale c. >.-.D. 7ale
b. :nstallment 7ale d. %art=>ash=%art >harge 7ale
#2.!he customer and the storeowner agree that a certain amount be paid on a
specified date until the merchandise is fully paid.
a. 6ay='way or *ill=>all 7ale c. >.-.D. 7ale
b. :nstallment 7ale d. %art=>ash=%art >harge 7ale
43. !his type of sale re3uires the customer to order a merchandise and re3uest the
store to lay=it away until he?she calls for it at the near future. !he customer
ma)es a deposit" and the store agrees to hold the merchandise for a specified
period of time.
a. %art=>ash=%art >harge 7ale c. >.-.D. 7ale
b. :nstallment 7ale d. 6ay='way or *ill=>all 7ale
##.' part of the amount of the merchandise is paid in cash by the customer" and the
rest of the amount is charged to his?her account.
a. %art=>ash=%art >harge 7ale c. >.-.D. 7ale
b. :nstallment 7ale d. 6ay='way or *ill=>all 7ale
#$.%roduction of goods and services.
a. manufacturing b. retailing
b. wholesaling d. purchasing
#&.'ctivities?benefits offered for sale.
a. services c. installment
b. retailing d. wholesaling
#4.'nyone who engages in entrepreneurial activities?enterprises.
a. entrepreneur c. services
b. entrepreneurship d. retailing
#+.>ustomer and storeowner agreement on the amount to be paid by the customer to
the latter on specified dates.
a. selling price c. mar)=up
b. installment d. mar)=down
#,.>ustomer pays for the merchandise upon its delivery to him?her.
a. c.o.d. c. mar)=up
b. mar)=down d. installment
$/.1anufacturing activity that has a continuous production.
a. >ontinuous 1anufacturing or ;low 7hop c. :ntermittent 1anufacturing
b. 0atch 1anufacturing d. %ro5ect 1anufacturing
$1.1anufacturing activity that is characteri(ed by a drop out in production for a
certain period of time.
a. >ontinuous 1anufacturing or ;low 7hop c. 0atch 1anufacturing
b. :ntermittent 1anufacturing or @ob -rders d. %ro5ect 1anufacturing
$2.1anufacturing activity that falls midway between continuous flow and the 5ob
order type.
a. ;low 7hop c. %ro5ect 1anufacturing
b. @ob -rders d. 0atch 1anufacturing
$.!he products are brought to it instead of the products moving from one area to
another.
a. %ro5ect 1anufacturing c. ;low 7hop
b. 0atch 1anufacturing d. @ob -rder
$#.!he creation of goods" services or utility.
a. utility c. manufacturing
b. manufacturer d. processing
$$.1eans satisfying human wants and needs.
a. utility c. manufacturing
b. manufacturer d. processing
$&.!he process of converting raw materials into products" where the entrepreneur
leads production.
a. manufacturer c. processing
c. manufacturing d. utility
$4.:s developed through factors that influence the person. 'llowing the person
freedome to express his?her own ideas and to try these out.
a. innovative c. creativity
b. decisiveness d. optimism
$+.' conducive setting which includes natural resources and location.
a. land c. labor
b. demand d. capital
$,.2efers to seed money" e3uipment" machines" and materials.
a. land c. capital
b. demand d. labor
&/.!he extent of the current need for the product.
a. demand c. capital
b. labor d. entrepreneurial s)ills
&1.-ccupational and managerial capabilities.
a. demand c. entrepreneurial s)ills
b. labor d. capital
&2.!he product currently needed in the community is
a. in demand c. oversupply of products
b. wanted only by a few d. ade3uate supply
&.%ertains to the physical and mental tas)s and efforts of wor)ers
a. capital c. labor
b. demand d. supply
&#.2efers to activities an individual performs for other people for which he?she is
paid.
a. labor c. services
b. capital d. demand
&$.Extent to which people patroni(e a product.
a. good location c. human resources
b. mar)et demand d. capital
&&.7ite of business enterprise.
a. good location c. human resources
b. mar)et demand d. capital
&4.!alents" s)ills and diligence of people.
a. good location c. human resources
b. mar)et demand d. capital
&+.!he most important factor in choosing a business enterprise. !he )ind of
enterprise" its si(e" location and operation depend upon the availability of funds.
a. good location c. current business trends
b. mar)et demand d. capital
&,.>urrent demand of the people.
a. current business trends c. human resources
b. mar)et demand d. capital
4/.!he first step in entrepreneurial activity.
a. planning c. staffing
b. directing d. organi(ing
41.:n planning you have to determine what you want to achieve in putting=up a
business in order to give direction to your actions.
a. establish your goals c. determine your capital
b. study your mar)et d. analy(e your managerial s)ills
42.:n planning you have to )now how much money or funds you have for your
business plan.
a. establish your goals c. study your mar)et
b. determine your capital d. analy(e your managerial s)ills
4.Aou need to determine the buying capacity of your customer.
a. establish your goals c. analy(e your managerial s)ills
b. study your mar)et d. determine your capital
4#.Aou must determine your )nowledge to handle business records and transactions.
a. analy(e your managerial s)ills c. determine your capital
b. establish your goals d. study your mar)et
4$.Determining what is to be done or what business to put up.
a. planning c. organi(ing
b. staffing d. directing
4&.Deciding on procedures to be implemented. *hat tas)s to perform and how to
accomplish them.
a. plannning c. organi(ing
b. staffing d. directing
44.Employing 3ualified persons to assist in the business operation.
a. staffing c. organi(ing
b. planning d. directing
4+..uiding people in the implementation of the plan through direct supervision"
orientation and development programs.
a. staffing c. directing
b. planning d. organi(ing
4,.'ssessing the flow of the business" to find out whether it is ma)ing good or not.
a. staffing c. evaluating
b. planning d. directing
+/.:n choosing the best location for your business: it should be near the source of
supply.
a. cost of labor c. accessibility
b. reliability of transportation facilities d. availability of water and waste
disposal facilities
+1.:n choosing the best location for your business: it should be near the source of
supply.
a. cost of labor c. reliability of transportation facilities
b. accessibility d. availability of water and waste
disposal facilities
+2.:n choosing the best location for your business: it should be near the source of
supply.
a. reliability of transportation facilities c. accessibility
b. cost of labor d. availability of water and waste
disposal facilities
+.:n choosing the best location for your business: it should be near the source of
supply.
a. cost of labor c. accessibility
b. reliability of transportation facilities d. availability of water and waste
disposal facilities
+#.!he recording and reporting of all business transactions for easy reference and for
use in ma)ing future business decisions.
a. boo))eeping c. accounting
b. management d. recording
+$.' typewriter with bigger print
a. pica c. bica
b. elite d. delite
+&.' typewriter with a center point of $/ on the scale and with small print.
a. pica c. bica
b. elite d. delite
+4.!he )ey or lever used to return the carriage to the right and start a new line.
a. carriage return c. left carriage release
b. platen d. paper guide
++.!he lever at an end which allows the carriage to be moved by hand.
a. carriage return c. left carriage release
b. cylinder )nob d. paper guide
+,.' handle on both ends of the cylinder
a. cylinder )nob c. paper guide
b. regulator d. card holder
,/.' lever that controls space between lines
a. paper bail c. paper guide
b. regulator d. card holder
,1.' rubber roller which ma)es the paper move around.
a. paper bail c. paper guide
b. platen or cylinder d. card holder
,2.!he blade against which the paper is placed.
a. paper bail c. carriage
b. paper guide d. card holder
,.!he part where cards and envelops are pressed close to the cylinder.
a. paper bail c. paper guide
b. regulator d. card holder
,#.!he )ey lever or button that is used to ad5ust the margin setting.
a. paper bail c. paper guide
b. regulator d. margin stop
,$.:t indicates the scale point where the machine is ready to print.
a. cylinder c. paper guide
b. printing point indicator d. card holder
,&.'d5ust the paper to the cylinder.
a. paper bail c. paper guide
b. regulator d. card holder
,4.6oosens the paper to straighten or remove it from the printer.
a. paper bail c. paper release
b. regulator d. card holder
,+.!he lever on the right that frees the carriage so it can be removed.
a. paper release c. paper guide
b. carriage release d. card holder
,,.!he top moving part that carries paper.
a. platen c. paper guide
b. carriage d. card holder
1//.1oves carriage one space at a time.
a. paper bail c. space bar
b. regulator d. bac) space )ey
1/1.%laces the tab stop at the desired point.
a. tabulator c. tab clear )ey
b. tab set )ey d. card holder
1/2.2eleases carriage to move to a point where a tab is set.
a. tabulator c. tab clear )ey
b. tab set )ey d. card holder
1/.'dvances the carriage one space at a time.
a. paper bail c. space bar
b. regulator d. bac) space )ey
1/#.2emoves the tab stops at a time.
a. tabulator c. tab clear )ey
b. tab set )ey d. card holder
1/$.Unloc)s the margin stop.
a. margin stops c. tab clear )ey
b. margin release d. card holder
1/&.Disengages the ribbon or any part of it if it has two colors.
a. ribbon regulator c. ribbon tab
b. ribbon color control d. ribbon holder
1/4.!he left hand guide )ey
a. ' 7 D ; c. @ K 6 B
b. 0 7 D ; d. 6 1 C
1/+.!he right hand guide )eys are
a. ' 7 D ; c. @ K 6 B
b. 0 7 D ; d. 6 1 C
1/,.!he 3ualities of a good typist.
a. speed and effort c. speed and accuracy
b. accuracy and effort d. mastery and speed
11/.!he first mechanical device developed to help man compute.
a. abacus c. step wheel machine
b. rotating wheel calculator d. 1ar) :
111.!he 999999 started the use of the abacus in computing.
a. >hinese c. @apanese
b. !ur)ish d. 8ietnamese
112.!he ;rench mathematician who made the rotating wheel calculator.
a. >harles 0abbage c. 0laise %ascal
b. .ottfried 8an 6iebi( d. @oseph 1arie @ac3uard
113.!he Drotating wheel calculatorE was invented during the %rocess data in
continuous 1&th century the 999999999999.
a. 'ge of 7cientific 2estoration c. 'ge of 7cientific 2enovation
b. 'ge of 7cientific 2evolution d. 'ge of 7cientific 2esolution
11#.!he mechanical device that could perform all the four operations such as
addition" subtraction" multiplication and division and could calculate s3uare roots.
a. step wheel machine c. rotating wheel calculator
b. punch card machine d. abacus
11$.!he device that is used to automate weaving.
a. step wheel machine c. rotating wheel calculator
b. punch card machine d. abacus
11&.>onsidered as the D;ather of 1odern >omputersE.
a. >harles 0abbage c. 0laise %ascal
b. @oseph 1arie @ac3uard d. Foward 'i)en
114.!he first step in the development of the modern computer.
a. 1ar) : c. EC:'>
b. ED8'> d. ED7'>
11+.!he first complete electronic digital computer.
a. 1ar) : c. EC:'>
b. ED8'> d. ED7'>
11,.!he first computer to operate for internally stored instruction.
a. 1ar) : c. EC:'>
b. ED8'> d. ED7'>
12/.%rocess data in continuous forms at high speed.
a. large scale computer c. medium si(e
computer
b. super computers d. analog computers
121.6argest and fastest machine with a capacity of $/ million operations per second.
a. large scale computer c. medium si(e
computer
b. super computers d. analog computers
122.%rovide reading numbers accurately than analog computers" because they
measure and represent 3uantities in distinct variables.
a. digital computer c. medium si(e computer
b. excel computers d. analog computers
12.%rogrammed to perform many functions.
a. general purpose computer c. medium si(e computer
b. special purpose computer d. analog computers
12#.>apable of great operating speed" larger memory and high speed input and output
devices.
a. large scale computer c. medium si(e
computer
b. super computers d. analog computers
12$.%erforms only a specific set of operation.
a. general purpose computer c. medium si(e computer
b. special purpose computer d. analog computers
12&.:s e3uivalent to 1 billionth of a second.
a. millisecond c. seconds
b. nanosecond d. minute
124.'n electronic devise designed to generate useful information through proper
manipulation of data.
a. digital computer c. calculator
b. computer d. robots
12+.!he physical unit associated with computer
a. hardware b. software c. microchip d. application
12,.' set of instructions or programs that are created by programmers to control the
computerGs response to user input.
a. hardware b. software c. microchip d. application
1/.!he heart and brain of the computer
a. hardware b. >%U c. primary storage d. application
11.%rovides output in audio form
a. hardware b. printer c. speech synthesi(er d. cd
12.7upervises or monitors the activities performed by the entire computer system.
a. primary storage b. control unit c. main storage d. storage
1.!he memory or main storage
a. primary storage b. software storage c. main storage d. storage
1#.%erforms arithmetical and logical operations. :t is where data is manipulated.
a. arithmetic logic unit b. primary storage c. primary
storage d. main storage
1$.%rints processed data in a form people can read.
a. printer b. scanner c. monitor d. c.p.u.
1&.' television which li)e video screen supplies what is )nown as soft copy" since it
does not give you a permanent record.
a. printer b. scanner c. monitor d. c.p.u.
14.!he bridge between the computer and the user
a. operating system b. computer system c. application
program d. control
1+.Data gathered and entered into the computer in a form acceptable to the
computer.
a. processing b. input c. output d. control
1,.!his is the stage involved in the manipulation of data or the performance of
operations on the entered data" according to program or a list of instructions.
a. input b. processing c. output d. control
1#/.!he product of the processing stage.
a. input b. processing c. output d. control
1#1.' collection of fields
a. bit b. byte c. field d. record
1#2.' group of bits
a. file b. byte c. databan) d. bit
1#.!he smallest unit
a. bit b. byte c. file d. databan)
1##.' collection of related record
a. data ban) b. file c. record d. storage
1#$.' collection of logically related files
a. file b. databan) c. field d. record
1#&.' combination of bytes
a. bit b. byte c. field d. record
1#4.' computer is an 999999999999999 device designed to generate useful information.
a. electrical b. electronic c. perfect d. important
1#+.' computer is an 9999999999 ob5ect which needs human intervention for its
operation.
a. animate b. ama(ing c. inanimate d. useful
1#,.:f properly manipulated" a computer can produce 9999999999 results.
a. accurate b. perfect c. correct d. incorrect
1$/.' computer has the capacity to produce data 999999 than any type of machine.
a. faster b. heavier c. important d. slower