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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 entrepreneurs
b.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 to
continue 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.
a.large business c.small business
b.medium business d.micro business
8.Persons engaged in selling goods and services
a.entrepreneur c.owner
b.business people d.traders
9.An enterprise manage by its owner
a.large business c.small business
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 Vinci
b.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
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.market
20.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 materials
b.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?
a.suppliers of raw materials c.market
b.manpower d.technology
25.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.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 diference 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
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 Sale
38.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
specifed 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 specifed period of
time.
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/benefts ofered 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 specifed 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.
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 fow 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.manufacturing
b.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 infuence 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 eforts 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
b.market demand d.capital
64.Talents, skills and diligence of people.
a.good location c.human resources
b.market demand d.capital
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
b.market demand d.capital
66.Current demand of the people.
a.current business trends c.human resources
b.market demand d.capital
67.The frst step in entrepreneurial activity.
a.planning c.stafng
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 market
b.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.stafng d.directing
73.Deciding on procedures to be implemented. What tasks to perform and how to
accomplish them.
a.plannning c.organizing
b.stafng d.directing
74.Employing qualifed persons to assist in the business operation.
a.stafng c.organizing
b.planning d.directing
75.Guiding people in the implementation of the plan through direct supervision,
orientation and development programs.
a.stafng c.directing
b.planning d.organizing
76.Assessing the fow of the business, to fnd out whether it is making good or not.
a.stafng 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
78.In 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
79.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
80.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
81.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 lines
a.paper bail c.paper guide
b.regulator d.card holder
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.
a.paper bail c.paper guide
b.regulator d.card holder
91.The key lever or button that is used to adjust the margin setting.
a.paper bail c.paper guide
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.
a.paper bail c.paper guide
b.regulator d.card holder
94.Loosens the paper to straighten or remove it from the printer.
a.paper bail c.paper release
b.regulator d.card holder
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
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 holder
99.Releases carriage to move to a point where a tab is set.
a.tabulator c.tab clear key
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.
a.tabulator c.tab clear key
b.tab set key d.card holder
102. Unlocks the margin stop.
a.margin stops c.tab clear key
b.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 efort c.speed and accuracy
b.accuracy and efort d.mastery and speed
107. The frst 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 Scientifc Restoration c.Age of Scientifc Renovation
b.Age of Scientifc Revolution d.Age of Scientifc 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.abacus
112. 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 frst step in the development of the modern computer.
a.Mark I c.ENIAC
b.EDVAC d.EDSAC
115. The frst complete electronic digital computer.
a.Mark I c.ENIAC
b.EDVAC d.EDSAC
116. The frst computer to operate for internally stored instruction.
a.Mark I c.ENIAC
b.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.
a.large scale computer c. medium size
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.
a.large scale computer c. medium size
computer
b.super computers d.analog computers
122. Performs only a specifc 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
131. Performs arithmetical and logical operations. It is where data is manipulated.
a.arithmetic logic unit b. 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 felds
a.bit b.byte c.feld d.record
139. A group of bits
a.fle b.byte c.databank d.bit
140. The smallest unit
a.bit b.byte c.fle d.databank
141. A collection of related record
a.data bank b.fle c.record d.storage
142. A collection of logically related fles
a.fle b.databank c.feld d.record
143. A combination of bytes
a.bit b.byte c.feld 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