dAn organized task of people to produce and sell goods and services is a. business c. industryb. economy d. technology

1. Who takes the risk of organizing and operating a certain kinds of business is an a. entrepreneurship c. entrepreneurb. small business d. business owner

2. A very small business in which the owner is the principal workera. micro business c. medium businessb. macro business d. small business

3. Owned and manage by an individual or group and has only enough resources to continue operating. Grocery, bakeshop and restaurant belong toa. large business c. small businessb. medium business d. micro business

4. Business owned and operated by a single person, two business partners or a corporation.a. large business c. small businessb. medium business d. micro business

5. Persons engaged in selling goods and servicesa. entrepreneur c. ownerb. business people d. traders

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

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

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

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

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

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

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

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

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

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

16.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

17.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

18.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

19.Factor in searching for business opportunities that ask: Who will buy your products?

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

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

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

22.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

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

24.The link between the producers and consumers.a. retailer c. wholesalera. buyer c. seller

25.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

26.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

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

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

29.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

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

31.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

32.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

33.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

34.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

35.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

36.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

37.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

38.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

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

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

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

42.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

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

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

45.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

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

47.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

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

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

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

51.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

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

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

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

a. demand c. capitalb. labor d. entrepreneurial skills

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

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

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

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

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

60.Site of business enterprise.a. good location c. human resourcesb. market demand d. capital

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

62.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

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

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

65.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

66.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

67.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

68.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

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

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

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

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

73.Assessing the flow of the business, to find out whether it is making good or not.a. staffing c. evaluating

b. planning d. directing74.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 facilities75.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 facilities76.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 facilities77.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 facilities78.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

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

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

81.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

82.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

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

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

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

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

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

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

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

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

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

92.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

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

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

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

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

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

98.Removes the tab stops at a time.a. tabulator c. tab clear keyb. tab set key d. card holder

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

100. 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

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

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

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

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

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

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

107. 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

108. 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

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

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

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

112. The first complete electronic digital computer.

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

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

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

115. 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

116. 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

117. Programmed to perform many functions.a. general purpose computer c. medium size computerb. special purpose computer d. analog computers

118. 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

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

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

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

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

123. 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

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

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

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

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

d. storage128. Performs arithmetical and logical operations. It is where data is manipulated.

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

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

130. 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.

131. The bridge between the computer and the user

a. operating system b. computer system c. application program d. control

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

133. 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

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

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

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

137. The smallest unita. bit b. byte c. file d. databank

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

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

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

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

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

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

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