1. An enterprise manage by its ownera. large business c. small businessb. micro business d. medium business

2. A feature of a small business enterprisea. personalized services c. public serviceb. greater capital d. lesser work

3. Manager of a small businessa. owner c. small businessb. entrepreneur d. businessmen

4. The ability to create something new, or to think of new ways of doing things.a. discovery c. innovationb. invention d. restoration

5. Refers to seed money, equipment, machines and materialsa. capital c. supplyb. demand d. liability

6. Expertise in business management and operationa. creativity c. innovativenessb. entrepreneurial d. salesmanship

7. President of various business enterprises and that manufactures of passenger jeeps.a. Leonardo Sarao c. Leonardo da Vincib. Leonardo Leonardo d. Leonardo Madrazo

8. Part of the national budget comes from taxes paid by _________.a. wealthy families c. entrepreneursb. poor families d. foreigners

9. ______________helps solve unemployment among the people.a. innovators c. business managementb. inventors d. business enterprise

10.It exist at all times, because people need goods and services to survive.a. demand c. business needsb. business opportunities d. supply

11.Factor in searching for business opportunities that ask: What products are in demand?a. the need of the community c. available resourcesb. skills and interests d. market

12.Factor in searching for business opportunities that ask: Do you have money for capital?a. the need of the community c. available resourcesb. skills and interests d. market

13.Factor in searching for business opportunities that ask: Does the particular business activity meet your interest?a. skills and interests c. available resourcesb. the need of the community d. market

14.Factor in searching for business opportunities that ask: Who will buy your products?a. market c. suppliers of raw materialsb. manpower d. technology

15.Factor in searching for business opportunities that ask: Are materials always available?a. suppliers of raw materials c. marketb. manpower d. technology

16.Factor in searching for business opportunities that ask: Are expert workers available?a. suppliers of raw materials c. marketb. manpower d. technology

17.Factor in searching for business opportunities that ask: Is your product or service new or improved?a. suppliers of raw materials c. marketb. technology d. manpower

18.Includes all activities relating to the sale of goods and services direct to consumers.a. wholesaling c. retailingb. selling d. buying

19.The link between the producers and consumers.a. retailer c. wholesaler

a. buyer c. seller 20.An activity concerned with obtaining the right kind of goods in the right amount,

at the right time, at the right price and, from the right source.a. purchasing c. retailingb. buying d. selling

21.The value that a retailer sets for the article for sale. It is the amount of money paid for goods or services.a. ceiling c. priceb. mark-up d. sales

22.Margin of difference between cost price and selling price.a. selling price c. mark-downc. c.o.d. d. mark-up

23.Checking the quantity and quality of merchandise purchased.a. mark-up c. receivingb. purchasing d. price

24.An activity concerned with obtaining food of the right kind, at the right price from the right source.a. mark-up b. receivingb. purchasing d. price

25.Requires wise purchasing, vigilant checking, proper storage of goods, and reasonable pricing.a. wholesaling c. pricingb. purchasing d. retailing

26.This sales type requires the customers to pay for cash for the goods he/she buys and store delivers the goods to his/her home.a. Cash-Send or Cash Deliver Sale c. Cash-Take-Saleb. Charge-Send or Charge-Deliver d. Charge-Take-Sale

27.The customer pays for the goods and takes these homes with him/her.a. Cash-Send or Cash Deliver Sale c. Cash-Take-Saleb. Charge-Send or Charge-Deliver d. Charge-Take-Sale

28.The goods are charged to the customer and then deliver to his/her home.a. Charge-Send or Charge-Deliver c. Cash-Take-Saleb. Cash-Send or Cash Deliver Sale d. Charge-Take-Sale

29.The customer takes home the merchandise that has been charged to him/her.a. Charge-Take-Sale c. Cash-Take-Saleb. Cash-Send or Cash Deliver Sale d. Cash-Send or Cash Deliver Sale

30.Upon delivery of the merchandise to his/her home the customer pays cash for it.a. Lay-Away or Will-Call Sale c. C.O.D. Sale b. Installment Sale d. Part-Cash-Part Charge Sale

31.The customer and the storeowner agree that a certain amount be paid on a specified date until the merchandise is fully paid.a. Lay-Away or Will-Call Sale c. C.O.D. Sale b. Installment Sale d. Part-Cash-Part Charge Sale

32.This type of sale requires the customer to order a merchandise and request the store to lay-it away until he/she calls for it at the near future. The customer makes a deposit, and the store agrees to hold the merchandise for a specified period of time.a. Part-Cash-Part Charge Sale c. C.O.D. Sale b. Installment Sale d. Lay-Away or Will-Call Sale

33.A 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. Part-Cash-Part Charge Sale c. C.O.D. Sale b. Installment Sale d. Lay-Away or Will-Call Sale

34.Production of goods and services.a. manufacturing b. retailingb. wholesaling d. purchasing

35.Activities/benefits offered for sale.a. services c. installmentb. retailing d. wholesaling

36.Anyone who engages in entrepreneurial activities/enterprises.a. entrepreneur c. servicesb. entrepreneurship d. retailing

37.Customer and storeowner agreement on the amount to be paid by the customer to the latter on specified dates.a. selling price c. mark-upb. installment d. mark-down

38.Customer pays for the merchandise upon its delivery to him/her.a. c.o.d. c. mark-upb. mark-down d. installment

39.Manufacturing activity that has a continuous production.a. Continuous Manufacturing or Flow Shop c. Intermittent Manufacturing b. Batch Manufacturing d. Project Manufacturing

40.Manufacturing activity that is characterized by a drop out in production for a certain period of time.a. Continuous Manufacturing or Flow Shop c. Batch Manufacturingb. Intermittent Manufacturing or Job Orders d. Project Manufacturing

41.Manufacturing activity that falls midway between continuous flow and the job order type.a. Flow Shop c. Project Manufacturingb. Job Orders d. Batch Manufacturing

42.The products are brought to it instead of the products moving from one area to another.a. Project Manufacturing c. Flow Shopb. Batch Manufacturing d. Job Order

43.The creation of goods, services or utility.a. utility c. manufacturingb. manufacturer d. processing

44.Means satisfying human wants and needs.a. utility c. manufacturingb. manufacturer d. processing

45.The process of converting raw materials into products, where the entrepreneur leads production.a. manufacturer c. processingc. manufacturing d. utility

46.Is developed through factors that influence the person. Allowing the person freedome to express his/her own ideas and to try these out.a. innovative c. creativityb. decisiveness d. optimism

47.A conducive setting which includes natural resources and location.a. land c. laborb. demand d. capital

48.Refers to seed money, equipment, machines, and materials.a. land c. capitalb. demand d. labor

49.The extent of the current need for the product.a. demand c. capitalb. labor d. entrepreneurial skills

50.Occupational and managerial capabilities.a. demand c. entrepreneurial skillsb. labor d. capital

51.The product currently needed in the community isa. in demand c. oversupply of productsb. wanted only by a few d. adequate supply

52.Pertains to the physical and mental tasks and efforts of workersa. capital c. laborb. demand d. supply

53.Refers to activities an individual performs for other people for which he/she is paid.a. labor c. servicesb. capital d. demand

54.Extent to which people patronize a product.a. good location c. human resourcesb. market demand d. capital

55.Site of business enterprise.

a. good location c. human resourcesb. market demand d. capital

56.Talents, skills and diligence of people.a. good location c. human resourcesb. market demand d. capital

57.The most important factor in choosing a business enterprise. The kind of enterprise, its size, location and operation depend upon the availability of funds.a. good location c. current business trendsb. market demand d. capital

58.Current demand of the people.a. current business trends c. human resourcesb. market demand d. capital

59.The first step in entrepreneurial activity.a. planning c. staffingb. directing d. organizing

60.In 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 capitalb. study your market d. analyze your managerial skills

61.In planning you have to know how much money or funds you have for your business plan.a. establish your goals c. study your marketb. determine your capital d. analyze your managerial skills

62.You need to determine the buying capacity of your customer.a. establish your goals c. analyze your managerial skillsb. study your market d. determine your capital

63.You must determine your knowledge to handle business records and transactions.a. analyze your managerial skills c. determine your capitalb. establish your goals d. study your market

64.Determining what is to be done or what business to put up.a. planning c. organizingb. staffing d. directing

65.Deciding on procedures to be implemented. What tasks to perform and how to accomplish them.a. plannning c. organizingb. staffing d. directing

66.Employing qualified persons to assist in the business operation.a. staffing c. organizingb. planning d. directing

67.Guiding people in the implementation of the plan through direct supervision, orientation and development programs.a. staffing c. directingb. planning d. organizing

68.Assessing the flow of the business, to find out whether it is making good or not.a. staffing c. evaluatingb. planning d. directing

69.In choosing the best location for your business: it should be near the source of supply.a. cost of labor c. accessibilityb. reliability of transportation facilities d. availability of water and waste

disposal facilities70.In choosing the best location for your business: it should be near the source of

supply.a. cost of labor c. reliability of transportation facilitiesb. accessibility d. availability of water and waste

disposal facilities71.In choosing the best location for your business: it should be near the source of

supply.a. reliability of transportation facilities c. accessibilityb. cost of labor d. availability of water and waste

disposal facilities72.In 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

73.The recording and reporting of all business transactions for easy reference and for use in making future business decisions.a. bookkeeping c. accountingb. management d. recording

74.A typewriter with bigger printa. pica c. bicab. elite d. delite

75.A typewriter with a center point of 50 on the scale and with small print.a. pica c. bicab. elite d. delite

76.The key or lever used to return the carriage to the right and start a new line.a. carriage return c. left carriage releaseb. platen d. paper guide

77.The lever at an end which allows the carriage to be moved by hand.a. carriage return c. left carriage releaseb. cylinder knob d. paper guide

78.A handle on both ends of the cylindera. cylinder knob c. paper guideb. regulator d. card holder

79.A lever that controls space between linesa. paper bail c. paper guideb. regulator d. card holder

80.A rubber roller which makes the paper move around.a. paper bail c. paper guideb. platen or cylinder d. card holder

81.The blade against which the paper is placed.a. paper bail c. carriageb. paper guide d. card holder

82.The part where cards and envelops are pressed close to the cylinder.a. paper bail c. paper guideb. regulator d. card holder

83.The key lever or button that is used to adjust the margin setting.a. paper bail c. paper guideb. regulator d. margin stop

84.It indicates the scale point where the machine is ready to print.a. cylinder c. paper guideb. printing point indicator d. card holder

85.Adjust the paper to the cylinder.a. paper bail c. paper guideb. regulator d. card holder

86.Loosens the paper to straighten or remove it from the printer.a. paper bail c. paper releaseb. regulator d. card holder

87.The lever on the right that frees the carriage so it can be removed.a. paper release c. paper guideb. carriage release d. card holder

88.The top moving part that carries paper.a. platen c. paper guideb. carriage d. card holder

89.Moves carriage one space at a time.a. paper bail c. space barb. regulator d. back space key

90.Places the tab stop at the desired point.a. tabulator c. tab clear keyb. tab set key d. card holder

91.Releases carriage to move to a point where a tab is set.a. tabulator c. tab clear keyb. tab set key d. card holder

92.Advances the carriage one space at a time.a. paper bail c. space barb. regulator d. back space key

93.Removes the tab stops at a time.

a. tabulator c. tab clear keyb. tab set key d. card holder

94.Unlocks the margin stop.a. margin stops c. tab clear keyb. margin release d. card holder

95.Disengages the ribbon or any part of it if it has two colors.a. ribbon regulator c. ribbon tabb. ribbon color control d. ribbon holder

96.The left hand guide keya. A S D F c. J K L ;b. B S D F d. L M N

97.The right hand guide keys area. A S D F c. J K L ;b. B S D F d. L M N

98.The qualities of a good typist.a. speed and effort c. speed and accuracyb. accuracy and effort d. mastery and speed

99.The first mechanical device developed to help man compute.a. abacus c. step wheel machineb. rotating wheel calculator d. Mark I

100. The ______ started the use of the abacus in computing.a. Chinese c. Japaneseb. Turkish d. Vietnamese

101. The French mathematician who made the rotating wheel calculator.a. Charles Babbage c. Blaise Pascalb. Gottfried Van Liebiz d. Joseph Marie Jacquard

102. The “rotating wheel calculator” was invented during the Process data in continuous 16th century the ____________.a. Age of Scientific Restoration c. Age of Scientific Renovationb. Age of Scientific Revolution d. Age of Scientific Resolution

103. The mechanical device that could perform all the four operations such as addition, subtraction, multiplication and division and could calculate square roots.a. step wheel machine c. rotating wheel calculatorb. punch card machine d. abacus

104. The device that is used to automate weaving.a. step wheel machine c. rotating wheel calculatorb. punch card machine d. abacus

105. Considered as the “Father of Modern Computers”.a. Charles Babbage c. Blaise Pascalb. Joseph Marie Jacquard d. Howard Aiken

106. The first step in the development of the modern computer.a. Mark I c. ENIACb. EDVAC d. EDSAC

107. The first complete electronic digital computer.a. Mark I c. ENIACb. EDVAC d. EDSAC

108. The first computer to operate for internally stored instruction.a. Mark I c. ENIACb. EDVAC d. EDSAC

109. Process data in continuous forms at high speed.a. large scale computer c. medium size computerb. super computers d. analog computers

110. Largest and fastest machine with a capacity of 50 million operations per second.a. large scale computer c. medium size computerb. super computers d. analog computers

111. Provide reading numbers accurately than analog computers, because they measure and represent quantities in distinct variables.a. digital computer c. medium size computerb. excel computers d. analog computers

112. Programmed to perform many functions.

a. general purpose computer c. medium size computerb. special purpose computer d. analog computers

113. Capable of great operating speed, larger memory and high speed input and output devices.a. large scale computer c. medium size computerb. super computers d. analog computers

114. Performs only a specific set of operation.a. general purpose computer c. medium size computerb. special purpose computer d. analog computers

115. Is equivalent to 1 billionth of a second.a. millisecond c. secondsb. nanosecond d. minute

116. An electronic devise designed to generate useful information through proper manipulation of data.a. digital computer c. calculatorb. computer d. robots

117. The physical unit associated with computera. hardware b. software c. microchip d. application

118. A set of instructions or programs that are created by programmers to control the computer’s response to user input.a. hardware b. software c. microchip d. application

119. The heart and brain of the computera. hardware b. CPU c. primary storage d. application

120. Provides output in audio forma. hardware b. printer c. speech synthesizer d. cd

121. Supervises or monitors the activities performed by the entire computer system.a. primary storage b. control unit c. main storage d. storage

122. The memory or main storagea. primary storage b. software storage c. main storage

d. storage123. Performs arithmetical and logical operations. It is where data is manipulated.

a. arithmetic logic unit b. primary storage c. primary storage d. main storage

124. Prints processed data in a form people can read.a. printer b. scanner c. monitor d. c.p.u.

125. A television which like video screen supplies what is known as soft copy, since it does not give you a permanent record.a. printer b. scanner c. monitor d. c.p.u.

126. The bridge between the computer and the user a. operating system b. computer system c. application program d. control

127. Data gathered and entered into the computer in a form acceptable to the computer.a. processing b. input c. output d. control

128. This 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

129. The product of the processing stage.a. input b. processing c. output d. control

130. A collection of fieldsa. bit b. byte c. field d. record

131. A group of bitsa. file b. byte c. databank d. bit

132. The smallest unit

a. bit b. byte c. file d. databank

133. A collection of related recorda. data bank b. file c. record d. storage

134. A collection of logically related filesa. file b. databank c. field d. record

135. A combination of bytesa. bit b. byte c. field d. record

136. A computer is an _______________ device designed to generate useful information.a. electrical b. electronic c. perfect d. important

137. A computer is an __________ object which needs human intervention for its operation.a. animate b. amazing c. inanimate d. useful

138. If properly manipulated, a computer can produce __________ results.a. accurate b. perfect c. correct d. incorrect

139. A computer has the capacity to produce data ______ than any type of machine.a. faster b. heavier c. important d. slower