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DATE: ______________________________
SCORE: _____________________________
c. demand
d. supplies
d. supplies
__ 6. In a community with many families with both parents working and have no time to cook, which among the
following service type of business is best to establish?
a. beauty salon
b. food service
c. janitorial service
d. repair shop
__ 7. A process by which raw materials is converted into a finished product.
a. manufacturing
b. retailing
c. service
d. wholesaling
d. wholesaling
d. directing
___ 22. A managerial activity that hires qualified personnel to assist in the business operations.
a. directing
b. planning
c. staffing
d. organizing
___ 23. A function delegates personnel to perform particular tasks.
a. organizing
b. planning
c. staffing
d. directing
___ 24. A managerial activity gives instructions effectively to the staff in an organization.
a. staffing
b. directing
c. planning
d. organizing
___25. Which of the following is NOT one of Henry Fayols functions that managers perform?
a. staffing
b. servicing
c. planning
d. organizing
___ 26. What are the three (3) main forms of business ownership?
a. corporations, proprietors and stockholders.
b. partnership, sole proprietorship and shareholders.
c. partner proprietorship, corporation and sole partnership.
d. corporation, partnership and sole proprietorship.
___27. Which is true of a sole proprietorship?
a. a sole proprietorship is complicated to start up.
b. profits from a sole proprietorship are shared by the owners.
c. profits from a sole proprietorship is usually higher than that of the corporations.
d. a sole proprietorships owner makes decisions alone.
___28. Which is NOT a disadvantage in forming a partnership?
a. investing in a business is much easier than withdrawing from it.
b. the business is easier to form.
c. the business discontinues with the death of one partner.
d. there is limited liability among the partners.
___29. What does unlimited liability mean to the owner of the business?
a. the owner has a limited source.
b. the company will pay all the debts of the business.
c. the owner is responsible to pay all the debts of the business.
d. the business discontinue with the death of one partner.
__ 30. In terms of partnership, which of the following is NOT a disadvantage?
a. conflict between partners
c. shared profits
b. limited liability
d. unlimited liability
II. Write T if the statement is true, F if it is false. Write your answer in the space provided.
____ 1. Comfort and satisfaction of costumers should always be priority in an service business.
____ 2. Excellent has always been the best way of advertising a business.
____ 3. The staff and other personnel of a business establishment should treat their customers with helpfulness, honesty,
efficiency, and trustworthiness.
____ 4. A personal touch is not helpful in a service type business.
____ 5. An efficient service is highly appreciated by costumer.
III. Choose the letter that best describes the sentence. Write your answer on the space provided.
A. New Distribution Channels
E. Labeling
B. Packaging
F. Branding
C. Product
D. Marketing Mix
H. Price
I. Place
J. Promotion