ENTREP 2ND QUARTER

1. Which of the following is NOT a form of entrepreneurial venture?

• a) Sole Proprietorship

• b) partnership

• c) corporation

• d) franchise

2. What type of business is engaged in buying and selling products without altering their appearance?

• mmanufacturing

• sservice

• Merchandising

• AAgriculture

3. Which production system is adopted when the demand for a product is considered constant and production is not based on customer orders?

• Intermittent production system

• Continuous production system

• Just-in-time production system

• Project method

4. What is the term for the amount added to the cost of a product to determine its selling price?

• Gross Profit

• Operating Expenses

• Mark Up

• Net Profit

5. Which of the following is a fixed cost?

• Salaries of sales staff

• Rent

• Cost of Good Solds

• Packaging cost

6. What is the process of convincing or encouraging a prospective applicant to fill a vacant position?

• Selection

• Training

• Recruitment

• Orientation

7. What is the document that defines the duties and responsibilities of a particular position?

• Job Description

• Job Specification

• Ccompany manual

• Oorganization Policies

8. What is the term for the amount of money needed to buy facilities, equipment, and register a business?

• Working Capital

• Revenue

• Gross Profit

• Start-up Capital

9. What is the process of transferring information from the journal to the ledger?

• Bookeeping

• Trial Balance

• Posting

• Footing

10. What is the listing of debit and credit balances of accounts from the general ledger?

• Trial Balance

• Ledger

• Financial Plan

• Journal