GRADE 12 BOTM | EASY ROUND

GRADE 12 | EASY ROUND

BATTLE OF THE MINDS 2022

GENERAL BRIEFING

BATTLE OF THE MINDS 2022

SAMPLE QUESTION

BATTLE OF THE MINDS 2022

Organization and Management​

What is the sum of 2+2?  ​

A. 22

B. 0

C. 4

D. 21

​

Sample Round

Multiple Choice

Multiple Choice

What is the sum of 2+2?

• A. 22

• B. 0

• C. 4

• D. 21

Organization and Management​

“To be the leader in the bakeshop industry and the most loved bakeshop brand in the Philippines” This statement of Red Ribbon is an example of what?​

​A. Plan

B. ​Core Values

C. ​Mission Statement

D. ​Vision Statement

Question 1

Multiple Choice

Multiple Choice

“To be the leader in the bakeshop industry and the most loved bakeshop brand in the Philippines” This statement of Red Ribbon is an example of what?

• A. Plan

• B. Core Values

• C. Mission Statement

• D. Vision Statement

Fundamentals of Accountancy, Business, and Management 1

Question 2

Multiple Choice

This is record of the increase or decrease, and balances of certain general accounts like Accounts Receivable and Accounts Payable.

​A. General Journal

B. ​General Ledger

C. ​Special Journal

D. Subsidiary ​Ledger

Multiple Choice

This is record of the increase or decrease, and balances of certain general accounts like Accounts Receivable and Accounts Payable.

• ​A. General Journal

• B. ​General Ledger

• C. ​Special Journal

• D. Subsidiary ​Ledger

Business Finance

Question 3

Computation

What is the net invoice price of the list price Php 98, 500.00 with 10%, 5%, and 3% series of trade discounts?

​

Fill in the Blanks

What is the net invoice price of the list price Php 98, 500.00 with 10%, 5%, and 3% series of trade discounts?

​

Principles of Marketing

Question 4

Multiple Choice

These are human wants that are supported by buying power.

A. ​Demands

B. Exchanges

C. ​Needs

D. ​Wants

Multiple Choice

These are human wants that are supported by buying power.

• A. ​Demands

• B. Exchanges

• C. ​Needs

• D. ​Wants

Business Finance

Question 5

Identification

It represents the form of ownership in a corporation.

​

Fill in the Blanks

It represents the form of ownership in a corporation.

Fundamentals of Accountancy, Business, and Management I

Question 6

Computation

Find the net income (loss) of Mr. ABM, given the following data at the end of reporting period:​

​A. Net Income PHP 65,436.00

B. Net Loss PHP (65,436.00) ​

C. Net Income ​PHP 20,000.00

D. Net Loss PHP (20,000.00)​

Multiple Choice

Find the net income (loss) of Mr. ABM, given the following data at the end of reporting period:​

• ​A. Net Income PHP 65,436.00

• B. Net Loss PHP (65,436.00) ​

• C. Net Income ​PHP 20,000.00

• D. Net Loss PHP (20,000.00)​

Business Finance

Question 7

True or False

Break-even point is the point where a business neither makes a profit nor a loss.

Multiple Choice

Break-even point is the point where a business neither makes a profit nor a loss.

• True

• False

Principles of Marketing

Question 8

Multiple Choice

It is a driver of human action which marketers try to identify, emphasize, and satisfy, and around which promotional efforts are organized.

​A. Demand

B. ​Exchange

C. ​Need

D. Want​

Multiple Choice

It is a driver of human action which marketers try to identify, emphasize, and satisfy, and around which promotional efforts are organized.

• ​A. Demand

• B. ​Exchange

• C. ​Need

• D. Want​

Fundamentals of Accountancy, Business, and Management 1

Question 9

Multiple Choice

Which is not a contra-account?

​A. Accumulated Depreciation

B. ​Premium on Bonds Payable

C. ​Purchase Discount

D. ​Sales Return and Allowances

Multiple Choice

Which is not a contra-account?

• ​A. Accumulated Depreciation

• B. ​Premium on Bonds Payable

• C. ​Purchase Discount

• D. ​Sales Return and Allowances

Business Finance

Question 10

True or False

This is the formula for present value of an annuity due.

Multiple Choice

This is the formula for present value of an annuity due.

• True

• False

Fundamentals of Accountancy, Business, and Management I

Question 11

Identification

These are expenses incurred but not yet paid.

Fill in the Blanks

These are expenses incurred but not yet paid.

Organization and Management

Question 12

Identification

This is a blueprint for goal achievement and specifies the necessary resource allocations, schedules, tasks, and other actions.

Fill in the Blanks

This is a blueprint for goal achievement and specifies the necessary resource allocations, schedules, tasks, and other actions.

Business Finance

Question 13

Computation

The following current assets and current liabilities are presented. Using the data given, find the quick ratio.

​

Fill in the Blanks

The following current assets and current liabilities are presented:

​

Fundamentals of Accountancy, Business, and Management II

Question 14

True or False

The methods used in preparing Statement of Cash Flows are “account form” and “report form.”

​

Multiple Choice

The methods used in preparing Statement of Cash Flows are “account form” and “report form.”

​

• True

• False

Principles of Marketing

Question 15

True or False

This is what we called to the customer relationship group where companies often do not invest anything in customers that have a little fit between the company’s offerings and the customer’s needs.

A. Barnacles

B. Butterflies

C. Strangers

D. True Friends

​

​

Multiple Choice

This is what we called to the customer relationship group where companies often do not invest anything in customers that have a little fit between the company’s offerings and the customer’s needs.

• A. Barnacles

• B. Butterflies

• C. Strangers

• D. True Friends