4th Quarter Exam in Entrepreneurship

Which of the following is the process or activities by which a company adds value to an article, including production, marketing, and the provision of after-sales service?

• 4Ms of production

• Supply Chain

• Value Chain

• Business Model

Benjie is engage in buying and selling shoes in his neighborhood. He gets his stocks from a local shoes dealer. Suppose each pair costs 1, 200.00 and Benjie add 50% mark-up. How much is the mark-up price?

• 500.00

• 600.00

• 700.00

• 800.00

Assuming no returns outwards or carriage inwards, the cost of goods sold will be equal to:

• Sales less gross profit

• Opening stock plus purchases plus closing stock

• Closing stock less purchases plus opening stock

• Purchases plus closing stock less opening stock

Which section of a business plan is generally first but written last?

• Business description and vision

• Appendices

• Executive summary

• Description of market

Is the process of evaluating risks, performance, financial health, and future prospects of a business by subjecting financial statement data to computational and analytical techniques with the objective of making economic decisionsHorizontal analysis.

• Horizontal analysis

• Vertical analysis

• Ratio analysis

• Financial statement analysis

Statement I- Manpower in production operation refers to the workers involved in the production of goods. Statement II- Machine refers to the raw materials needed in the production of a product.

• Statement I is true.

• Statement II is true.

• Both statements are true.

• Both statements are false

Costs incurred through payment of utilities such as electricity and water -

• Revenue

• Mark-up

• Free

• Operating Expenses

Gross profit less expenses is known as:

• Total drawings

• Cost of goods sold

• Net turnover

• Net profit

What is typical timeframe that a business plan addresses?

• One year

• the anticipated life of the business

• At least three to five years

• At least five years

Is a technique for evaluating a series of financial statement data over a period of time with the purpose of determining the increase or decrease that has taken place. Also called trend analysis.

• Horizontal analysis

• Vertical analysis

• Ratio analysis

• Financial statement analysis