Which of the following are the elements in the production system?

• input - production - output

• input - product - output

• input - procuring - output

• input - process - output

the following are important phases in developing a business model EXCEPT

• identifying the specific audience

• establishing business process

• recording business resources

• creating a business plan

it is the result when sales exceed the cost to produce goods or render the service

• account receivable

• accounts payable

• capital

• revenue

it represents the difference between net sales and costs of sales of the entrepreneurial venture during a given period

• net profit

• gross profit

• bank interest

• sales discount

it refers to the purchase price of the product including the total outlay required in producing it

• cost

• discount

• interest

• profit

the following are the basic requirements to start a business in the Philippines EXCEPT

• Bureau of internal revenue

• department of trade and industry registration

• Mayor's permit

• police clearance

which of the following government agencies will you go to register your business?

• Bureau of internal revenue

• department of trade and industry

• mayor's office

• securities and exchange comission

which of the following government agencies will you go to secure your TIN, official receipts, invoices, registering your books of accounts and paying our national internal revenue taxes?

• bureau of internal revenue

• department of trade and industry

• mayors business permit

• security and exchange commission

which of the following government agencies will you go to register yourself or your company as an employer and for remitting your employees' contribution together with your employer's share?

• bureau of internal revenue

• department of trade and industry

• SSS, Philhealth and PAG-IBIG

• security and exchange commission

which of the following government agencies is needed for getting license to operate in the city or municipality and payment of your local business taxes?

• bureau of internal revenue

• department of trade and industry

• Mayors business Permit

• security and exchange commission