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    d. technology

    1.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 entrepreneurs

    b.large entrepreneurs d.small entrepreneurs

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

    a.business c.industryb.economy d.technology

    3.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

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

    a.micro business c.medium business

    b.macro business d.small business

    5.Owned and manage by an individual or group and has only enough resources to

    continue operating. Grocery, bakeshop and restaurant belong to

    a.large business c.small business

    b.medium business d.micro business6.Business 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

    7.Persons engaged in selling goods and services

    a.entrepreneur c.owner

    b.business people d.traders

    8.An enterprise manage by its owner

    a.large business c.small business

    b.micro business d.medium business9.A feature of a small business enterprise

    a.personalized services c.public service

    b.greater capital d.lesser work

    10.Manager of a small business

    a.owner c.small business

    b.entrepreneur d.businessmen

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

    a.discovery c.innovation

    b.invention d.restoration

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

    a.capital c. supply

    b.demand d.liability

    13.Expertise in business management and operation

    a.creativity c. innovativeness

    b.entrepreneurial d.salesmanship

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

    jeeps.

    a.Leonardo Sarao c.Leonardo da Vinci

    b.Leonardo Leonardo d.Leonardo Madrazo

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

    a.wealthy families c.entrepreneursb.poor families d.foreigners

    16.______________helps solve unemployment among the people.

    a.innovators c. business management

    b.inventors d.business enterprise

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

    a.demand c.business needs

    b.business opportunities d.supply

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    18.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.market

    19.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

    20.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

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

    products?

    a.market c.suppliers of raw materials

    b.manpower d.technology

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

    available?a.suppliers of raw materials c.market

    b.manpower d.technology

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

    available?

    a.suppliers of raw materials c.market

    b.manpower d.technology

    24.Factor in searching for business opportunities that ask: Is your product or service

    new or improved?

    a.suppliers of raw materials c.market

    b.technology d.manpower25.Includes all activities relating to the sale of goods and services direct to consumers.

    a.wholesaling c.retailing

    b.selling d.buying

    26.The link between the producers and consumers.

    a.retailer c.wholesaler

    a.buyerc. seller

    27.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

    28.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

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

    a.selling price c.mark-down

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

    30.Checking the quantity and quality of merchandise purchased.

    a.mark-up c.receiving

    b.purchasing d.price

    31.An activity concerned with obtaining food of the right kind, at the right price fromthe right source.

    a.mark-up b.receiving

    b.purchasing d.price

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

    reasonable pricing.

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    a.wholesaling c.pricing

    b.purchasing d.retailing

    33.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

    34.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

    35.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

    36.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 Sale

    37.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 Sale38.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

    39.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 Sale40.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

    41.Production of goods and services.

    a.manufacturing b.retailing

    b.wholesaling d.purchasing

    42.Activities/benefits offered for sale.

    a.services c.installment

    b.retailing d.wholesaling

    43.Anyone who engages in entrepreneurial activities/enterprises.

    a.entrepreneur c.services

    b.entrepreneurship d.retailing

    44.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

    45.Customer pays for the merchandise upon its delivery to him/her.

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

    b.mark-down d. installment

    46.Manufacturing activity that has a continuous production.a.Continuous Manufacturing or Flow Shop c.Intermittent Manufacturing

    b.Batch Manufacturing d.Project Manufacturing

    47.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 Manufacturing

    b.Intermittent Manufacturing or Job Ordersd.Project Manufacturing

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    48.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

    49.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

    50.The creation of goods, services or utility.

    a.utility c.manufacturing

    b.manufacturer d.processing

    51.Means satisfying human wants and needs.

    a.utility c.manufacturing

    b.manufacturer d.processing

    52.The process of converting raw materials into products, where the entrepreneurleads production.

    a.manufacturer c.processing

    c.manufacturing d.utility

    53.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

    54.A conducive setting which includes natural resources and location.

    a.land c.labor

    b.demand d.capital55.Refers to seed money, equipment, machines, and materials.

    a.land c.capital

    b.demand d.labor

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

    a. demand c.capital

    b.labor d.entrepreneurial skills

    57.Occupational and managerial capabilities.

    a.demand c.entrepreneurial skills

    b.labor d.capital

    58.The product currently needed in the community is

    a.in demand c.oversupply of products

    b.wanted only by a few d.adequate supply

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

    a.capital c.labor

    b.demand d. supply

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

    a.labor c.services

    b.capital d.demand

    61.Extent to which people patronize a product.

    a.good location c.human resources

    b.market demand d.capital62.Site of business enterprise.

    a.good location c.human resources

    b.market demand d.capital

    63.Talents, skills and diligence of people.

    a.good location c.human resources

    b.market demand d.capital

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    64.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

    b.market demand d.capital

    65.Current demand of the people.

    a.current business trends c.human resources

    b.market demand d.capital66.The first step in entrepreneurial activity.

    a.planning c.staffing

    b.directing d.organizing

    67.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

    68.In planning you have to know how much money or funds you have for your

    business plan.

    a.establish your goals c. study your market

    b.determine your capital d.analyze your managerial skills69.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

    70.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

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

    a.planning c.organizing

    b.staffing d.directing

    72.Deciding on procedures to be implemented. What tasks to perform and how toaccomplish them.

    a.plannning c.organizing

    b.staffing d.directing

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

    a.staffing c.organizing

    b.planning d.directing

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

    orientation and development programs.

    a.staffing c.directing

    b.planning d.organizing

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

    a.staffing c.evaluating

    b.planning d.directing

    76.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

    77.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 facilities

    78.In 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

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    79.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

    80.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

    81.A typewriter with bigger print

    a.pica c.bica

    b.elite d.delite

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

    a.pica c.bica

    b. elite d. delite

    83.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 guide84.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

    85.A handle on both ends of the cylinder

    a.cylinder knob c.paper guide

    b.regulator d.card holder

    86.A lever that controls space between lines

    a.paper bail c.paper guide

    b.regulator d.card holder87.A rubber roller which makes the paper move around.

    a.paper bail c.paper guide

    b.platen or cylinder d.card holder

    88.The blade against which the paper is placed.

    a.paper bail c.carriage

    b.paper guide d.card holder

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

    a.paper bail c.paper guide

    b.regulator d.card holder

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

    a.paper bail c.paper guide

    b.regulator d.margin stop

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

    a.cylinder c.paper guide

    b.printing point indicator d.card holder

    92.Adjust the paper to the cylinder.

    a.paper bail c.paper guide

    b.regulator d.card holder

    93.Loosens the paper to straighten or remove it from the printer.

    a.paper bail c.paper release

    b.regulator d.card holder94.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

    95.The top moving part that carries paper.

    a.platen c.paper guide

    b.carriage d.card holder

    96.Moves carriage one space at a time.

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    a.paper bail c.space bar

    b.regulator d.back space key

    97.Places the tab stop at the desired point.

    a.tabulator c.tab clear key

    b.tab set key d.card holder

    98.Releases carriage to move to a point where a tab is set.

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

    99.Advances the carriage one space at a time.

    a.paper bail c.space bar

    b.regulator d.back space key

    100. Removes the tab stops at a time.

    a.tabulator c.tab clear key

    b.tab set key d.card holder

    101. Unlocks the margin stop.

    a.margin stops c.tab clear key

    b.margin release d.card holder

    102. 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

    103. The left hand guide key

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

    b.B S D F d.L M N

    104. The right hand guide keys are

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

    b.B S D F d.L M N

    105. The qualities of a good typist.a.speed and effort c.speed and accuracy

    b.accuracy and effort d.mastery and speed

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

    a.abacus c.step wheel machine

    b.rotating wheel calculator d.Mark I

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

    a.Chinese c.Japanese

    b.Turkish d.Vietnamese

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

    a.Charles Babbage c.Blaise Pascal

    b.Gottfried Van Liebiz d.Joseph Marie Jacquard

    109. 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

    110. 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.abacus

    111. The device that is used to automate weaving.

    a.step wheel machine c.rotating wheel calculatorb.punch card machine d.abacus

    112. Considered as the Father of Modern Computers.

    a.Charles Babbage c.Blaise Pascal

    b.Joseph Marie Jacquard d.Howard Aiken

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

    a.Mark I c.ENIAC

    b.EDVAC d.EDSAC

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    114. The first complete electronic digital computer.

    a.Mark I c.ENIAC

    b.EDVAC d.EDSAC

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

    a.Mark I c.ENIAC

    b.EDVAC d.EDSAC

    116. Process data in continuous forms at high speed.a.large scale computer c. medium size

    computer

    b.super computers d.analog computers

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

    a.large scale computer c. medium size

    computer

    b.super computers d.analog computers

    118. 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 computers119. Programmed to perform many functions.

    a.general purpose computer c.medium size computer

    b.special purpose computer d.analog computers

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

    output devices.

    a.large scale computer c. medium size

    computer

    b.super computers d.analog computers

    121. Performs only a specific set of operation.

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

    122. Is equivalent to 1 billionth of a second.

    a.millisecond c.seconds

    b.nanosecond d.minute

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

    manipulation of data.

    a.digital computer c.calculator

    b.computer d.robots

    124. The physical unit associated with computer

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

    125. 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

    126. The heart and brain of the computer

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

    127. Provides output in audio form

    a.hardware b.printer c.speech synthesizerd.cd128. Supervises or monitors the activities performed by the entire computer system.

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

    129. The memory or main storage

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

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

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    a.arithmetic logic unitb. primary storage c.primary

    storage d.main storage

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

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

    132. 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.133. The bridge between the computer and the user

    a.operating system b.computer system c. application

    program d.control

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

    computer.

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

    135. 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

    136. The product of the processing stage.

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

    137. A collection of fields

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

    138. A group of bits

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

    139. The smallest unit

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

    140. A collection of related record

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

    141. A collection of logically related files

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

    142. A combination of bytes

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

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

    information.

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

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

    operation.

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

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

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

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

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