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1.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

2.People 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 entrepreneursb.large entrepreneurs d.small entrepreneurs

3.An organized task of people to produce and sell goods and services is

a.business c.industry

b.economy d.technology

4.Who takes the risk of organizing and operating a certain kinds of business is an

a.entrepreneurship c.entrepreneur

b.small business d.business owner

5.A very small business in which the owner is the principal worker

a.micro business c.medium business

b.macro business d.small business

6.Owned and manage by an individual or group and has only enough resources tocontinue operating. Grocery, bakeshop and restaurant belong to

a.large business c.small business

b.medium business d.micro business

7.Business owned and operated by a single person, two business partners or a

corporation.


b.medium business d.micro business

8.Persons engaged in selling goods and services

a.entrepreneur c.owner

b.business people d.traders9.An enterprise manage by its owner


b.micro business d.medium business

10.A feature of a small business enterprise

a.personalized services c.public service

b.greater capital d.lesser work

11.Manager of a small business

a.owner c.small business

b.entrepreneur d.businessmen

12.The ability to create something new, or to think of new ways of doing things.

a.discovery c.innovation

b.invention d.restoration

13.Refers to seed money, equipment, 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

15.President of various business enterprises and that manufactures of passenger

jeeps.

a.Leonardo Sarao c.Leonardo da Vincib.Leonardo Leonardo d.Leonardo Madrazo

16.Part of the national budget comes from taxes paid by _________.

a.wealthy families c.entrepreneurs

b.poor families d.foreigners

17.______________helps solve unemployment among the people.

a.innovators c. business management

b.inventors d.business enterprise

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18.It exist at all times, because people need goods and services to survive.

a.demand c.business needs

b.business opportunities d.supply

19.Factor in searching for business opportunities that ask: What products are in

demand?

a.the need of the community c.available resources

b.skills and interests d.market20.Factor in searching for business opportunities that ask: Do you have money for

capital?

a.the need of the community c.available resources

b.skills and interests d.market

21.Factor in searching for business opportunities that ask: Does the particular

business activity meet your interest?

a.skills and interests c.available resources

b.the need of the community d.market

22.Factor in searching for business opportunities that ask: Who will buy your

products?

a.market c.suppliers of raw materialsb.manpower d.technology

23.Factor in searching for business opportunities that ask: Are materials always

available?

a.suppliers of raw materials c.market

b.manpower d.technology

24.Factor in searching for business opportunities that ask: Are expert workers

available?


b.manpower d.technology

25.Factor in searching for business opportunities that ask: Is your product or servicenew or improved?


b.technology d.manpower

26.Includes all activities relating to the sale of goods and services direct to consumers.

a.wholesaling c.retailing

b.selling d.buying

27.The link between the producers and consumers.

a.retailer c.wholesaler

a.buyerc. seller

28.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.retailing

b.buying d.selling

29.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.price

b.mark-up d.sales

30.Margin of difference between cost price and selling price.

a.selling price c.mark-down

c.c.o.d. d.mark-up

31.Checking the quantity and quality of merchandise purchased.a.mark-up c.receiving

b.purchasing d.price

32.An activity concerned with obtaining food of the right kind, at the right price from

the right source.

a.mark-up b.receiving

b.purchasing d.price

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33.Requires wise purchasing, vigilant checking, proper storage of goods, and

reasonable pricing.

a.wholesaling c.pricing

b.purchasing d.retailing

34.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-Sale

b.Charge-Send or Charge-Deliver d.Charge-Take-Sale

35.The customer pays for the goods and takes these homes with him/her.

a.Cash-Send or Cash Deliver Sale c.Cash-Take-Sale

b.Charge-Send or Charge-Deliver d.Charge-Take-Sale

36.The goods are charged to the customer and then deliver to his/her home.

a.Charge-Send or Charge-Deliver c.Cash-Take-Sale

b.Cash-Send or Cash Deliver Sale d.Charge-Take-Sale

37.The customer takes home the merchandise that has been charged to him/her.

a.Charge-Take-Sale c. Cash-Take-Sale

b.Cash-Send or Cash Deliver Sale d.Cash-Send or Cash Deliver Sale38.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

39.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

40.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 oftime.

a.Part-Cash-Part Charge Sale c.C.O.D. Sale

b.Installment Sale d.Lay-Away or Will-Call Sale

41.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

42.Production of goods and services.

a.manufacturing b.retailing

b.wholesaling d.purchasing

43.Activities/benefits offered for sale.

a.services c.installment

b.retailing d.wholesaling

44.Anyone who engages in entrepreneurial activities/enterprises.

a.entrepreneur c.services

b.entrepreneurship d.retailing

45.Customer and storeowner agreement on the amount to be paid by the customer to

the latter on specified dates.

a.selling price c.mark-up

b.installment d.mark-down

46.Customer pays for the merchandise upon its delivery to him/her.a.c.o.d. c.mark-up

b.mark-down d. installment

47.Manufacturing activity that has a continuous production.

a.Continuous Manufacturing or Flow Shop c.Intermittent Manufacturing

b.Batch Manufacturing d.Project Manufacturing

48.Manufacturing activity that is characterized by a drop out in production for a

certain period of time.

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a.Continuous Manufacturing or Flow Shop c.Batch Manufacturing

b.Intermittent Manufacturing or Job Ordersd.Project Manufacturing

49.Manufacturing activity that falls midway between continuous flow and the job

order type.

a.Flow Shop c.Project Manufacturing

b.Job Orders d.Batch Manufacturing

50.The products are brought to it instead of the products moving from one area to

another.

a.Project Manufacturing c.Flow Shop

b.Batch Manufacturing d.Job Order

51.The creation of goods, services or utility.

a.utility c.manufacturing

b.manufacturer d.processing

52.Means satisfying human wants and needs.

a.utility c.manufacturingb.manufacturer d.processing

53.The process of converting raw materials into products, where the entrepreneur

leads production.

a.manufacturer c.processing

c.manufacturing d.utility

54.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.creativity

b.decisiveness d.optimism

55.A conducive setting which includes natural resources and location.a.land c.labor

b.demand d.capital

56.Refers to seed money, equipment, machines, and materials.

a.land c.capital

b.demand d.labor

57.The extent of the current need for the product.

a. demand c.capital

b.labor d.entrepreneurial skills

58.Occupational and managerial capabilities.

a.demand c.entrepreneurial skills

b.labor d.capital

59.The product currently needed in the community is

a.in demand c.oversupply of products

b.wanted only by a few d.adequate supply

60.Pertains to the physical and mental tasks and efforts of workers

a.capital c.labor

b.demand d. supply

61.Refers to activities an individual performs for other people for which he/she is paid.

a.labor c.services

b.capital d.demand

62.Extent to which people patronize a product.a.good location c.human resources

b.market demand d.capital

63.Site of business enterprise.

a.good location c.human resources


64.Talents, skills and diligence of people.

a.good location c.human resources

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65.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 trends


66.Current demand of the people.

a.current business trends c.human resourcesb.market demand d.capital

67.The first step in entrepreneurial activity.

a.planning c.staffing

b.directing d.organizing

68.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 capital

b.study your market d.analyze your managerial skills

69.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

70.You need to determine the buying capacity of your customer.

a.establish your goals c.analyze your managerial skills

b.study your market d.determine your capital

71.You must determine your knowledge to handle business records and transactions.

a.analyze your managerial skills c.determine your capital

b.establish your goals d.study your market

72.Determining what is to be done or what business to put up.

a.planning c.organizing

b.staffing d.directing73.Deciding on procedures to be implemented. What tasks to perform and how to

accomplish them.

a.plannning c.organizing

b.staffing d.directing

74.Employing qualified persons to assist in the business operation.

a.staffing c.organizing

b.planning d.directing

75.Guiding people in the implementation of the plan through direct supervision,

orientation and development programs.

a.staffing c.directing

b.planning d.organizing

76.Assessing the flow of the business, to find out whether it is making good or not.

a.staffing c.evaluating

b.planning d.directing

77.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


supply.a.cost of labor c.reliability of transportation facilities

b.accessibility d.availability of water and waste

disposal facilities


supply.

a.reliability of transportation facilities c.accessibility

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b.cost of labor d.availability of water and waste

disposal facilities


supply.

a.cost of labor c.accessibility

b.reliability of transportation facilities d.availability of water and waste

disposal facilities81.The recording and reporting of all business transactions for easy reference and for

use in making future business decisions.

a.bookkeeping c.accounting

b.management d.recording

82.A typewriter with bigger print

a.pica c.bica

b.elite d.delite

83.A typewriter with a center point of 50 on the scale and with small print.

a.pica c.bica

b. elite d. delite

84.The key 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

85.The lever at an end which allows the carriage to be moved by hand.

a.carriage return c.left carriage release

b.cylinder knob d.paper guide

86.A handle on both ends of the cylinder

a.cylinder knob c.paper guide

b.regulator d.card holder

87.A lever that controls space between linesa.paper bail c.paper guide


88.A rubber roller which makes the paper move around.

a.paper bail c.paper guide

b.platen or cylinder d.card holder

89.The blade against which the paper is placed.

a.paper bail c.carriage

b.paper guide d.card holder

90.The part where cards and envelops are pressed close to the cylinder.



91.The key lever or button that is used to adjust the margin setting.


b.regulator d.margin stop

92.It indicates the scale point where the machine is ready to print.

a.cylinder c.paper guide

b.printing point indicator d.card holder

93.Adjust the paper to the cylinder.



94.Loosens the paper to straighten or remove it from the printer.a.paper bail c.paper release


95.The 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

96.The top moving part that carries paper.

a.platen c.paper guide

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b.carriage d.card holder

97.Moves carriage one space at a time.

a.paper bail c.space bar

b.regulator d.back space key

98.Places the tab stop at the desired point.

a.tabulator c.tab clear key

b.tab set key d.card holder99.Releases carriage to move to a point where a tab is set.


b.tab set key d.card holder

100. Advances the carriage one space at a time.

a.paper bail c.space bar

b.regulator d.back space key

101. Removes the tab stops at a time.


b.tab set key d.card holder

102. Unlocks the margin stop.

a.margin stops c.tab clear keyb.margin release d.card holder

103. 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

104. The left hand guide key

a.A S D F c.J K L ;

b.B S D F d.L M N

105. The right hand guide keys are

a.A S D F c.J K L ;b.B S D F d.L M N

106. The qualities of a good typist.

a.speed and effort c.speed and accuracy

b.accuracy and effort d.mastery and speed

107. The first mechanical device developed to help man compute.

a.abacus c.step wheel machine

b.rotating wheel calculator d.Mark I

108. The ______ started the use of the abacus in computing.

a.Chinese c.Japanese

b.Turkish d.Vietnamese

109. The French mathematician who made the rotating wheel calculator.

a.Charles Babbage c.Blaise Pascal

b.Gottfried Van Liebiz d.Joseph Marie Jacquard

110. The rotating wheel calculator was invented during the Process data in

continuous 16th century the ____________.

a.Age of Scientific Restoration c.Age of Scientific Renovation

b.Age of Scientific Revolution d.Age of Scientific Resolution

111. 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 calculator

b.punch card machine d.abacus112. The device that is used to automate weaving.

a.step wheel machine c.rotating wheel calculator

b.punch card machine d.abacus

113. Considered as the Father of Modern Computers.

a.Charles Babbage c.Blaise Pascal

b.Joseph Marie Jacquard d.Howard Aiken

114. The first step in the development of the modern computer.

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a.Mark I c.ENIAC

b.EDVAC d.EDSAC

115. The first complete electronic digital computer.

a.Mark I c.ENIAC

b.EDVAC d.EDSAC

116. The first computer to operate for internally stored instruction.

a.Mark I c.ENIACb.EDVAC d.EDSAC

117. Process data in continuous forms at high speed.

a.large scale computer c. medium size

computer

b.super computers d.analog computers

118. Largest and fastest machine with a capacity of 50 million operations per second.


computer

b.super computers d.analog computers

119. Provide reading numbers accurately than analog computers, because they

measure and represent quantities in distinct variables.a.digital computer c.medium size computer

b.excel computers d.analog computers

120. Programmed to perform many functions.

a.general purpose computer c.medium size computer

b.special purpose computer d.analog computers

121. Capable of great operating speed, larger memory and high speed input and

output devices.


computer

b.super computers d.analog computers122. Performs only a specific set of operation.

a.general purpose computer c.medium size computer

b.special purpose computer d.analog computers

123. Is equivalent to 1 billionth of a second.

a.millisecond c.seconds

b.nanosecond d.minute

124. An electronic devise designed to generate useful information through proper

manipulation of data.

a.digital computer c.calculator

b.computer d.robots

125. The physical unit associated with computer

a.hardware b.software c.microchip d.application

126. A set of instructions or programs that are created by programmers to control

the computers response to user input.

a.hardware b.software c.microchip d.application

127. The heart and brain of the computer

a.hardware b.CPU c.primary storage d.application

128. Provides output in audio form

a.hardware b.printer c.speech synthesizerd.cd

129. Supervises or monitors the activities performed by the entire computer system.

a.primary storage b.control unit c.main storage d.storage

130. The memory or main storage

a.primary storage b.software storagec.main storage d.storage

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131. Performs arithmetical and logical operations. It is where data is manipulated.

a.arithmetic logic unitb. primary storage c.primary

storage d.main storage

132. Prints processed data in a form people can read.

a.printer b.scanner c.monitor d.c.p.u.

133. 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.

134. The bridge between the computer and the user

a.operating system b.computer system c. application

program d.control

135. Data gathered and entered into the computer in a form acceptable to the

computer.

a.processing b.input c.output d.control

136. 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

137. The product of the processing stage.

a.input b.processing c.output d.control

138. A collection of fields

a.bit b.byte c.field d.record

139. A group of bits

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

140. The smallest unit

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

141. A collection of related record

a.data bank b.file c.record d.storage

142. A collection of logically related files

a.file b.databank c.field d.record

143. A combination of bytes

a.bit b.byte c.field d.record

144. A computer is an _______________ device designed to generate useful

information.

a.electrical b.electronic c.perfect d.important

145. A computer is an __________ object which needs human intervention for its

operation.

a.animate b.amazing c.inanimate d.useful

146. If properly manipulated, a computer can produce __________ results.

a.accurate b.perfect c.correct d.incorrect

147. A computer has the capacity to produce data ______ than any type of machine.

a.faster b.heavier c.important d.slower

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Tle Major12