FOURTH QUARTER EXAM IN ENTREP 9

After registering with the DTI, the certificate becomes your proof of _______.

• authority to operate a business

• business ownership

• license to operate

• payment of taxes

Where do you need to go to secure the municipal license or Mayor’s permit which will serve as your license or permit to operate the business?

• BIR

• BPLO

• CDA

• YECS

If you need to systematize the payment of taxes of your business, where will you go?

• BIR

• DOLE

• SEC

• SSS

What DOLE stands for?

• Department of Doctor Engagement

• Department of Late Emergency

• Department of Labor and Empowerment

• Department of Labor and Employment

Article of Partnership or Article of Incorporation should be registered with this agency.

• BIR

• DOLE

• SEC

• SSS

It is necessary to register your business to make it _____.

• Functional

• legal

• operational

• profitable

It is a detailed description on how the business is implemented.

• evaluation plan

• operational plan

• management plan

• organizational plan

It is the process of setting goals for a particular business undertaking done through a step-by-step process.

• Business planning

• Feasibility planning

• Marketing Plan

• Production plan

It gives the information on financial concerns and stability of the plan.

• Financial Plan  

• Marketing Plan

• Organizational Plan

• Production Plan

Business production and services are varied based on____________.

• Innovation

• Lifestyle of the people

• needs and wants

• Science and technology