4th Quarter Assessment in Entrepreneurship

Herbora Vendura agreed to give Kusina Kravings a full access to any confidential information of the company, provided that they will not disclose it to anyone else. The agreement between the two businesses is called?

• Bill of Sales

• Nondisclosure

• Prenuptial

• Settlement

Parokya ni Eatgar wanted to help their customers to distinguish their products from the other business. What do they need to do to accomplish such?

• Advertise

• Bribe the customer

• Give discounts

• Use of Trademark

Riyenda wanted to use tools that will lessen their burden in doing manual work in making their Kulitis de Pandesaluyot. What production factor will they look at?

• Machine

• Manpower

• Materials

• Manpower

It is an initial creation or mock-up of a product for the purpose of evaluation to enhance its correctness before its final version.

• Prototype

• Sample

• Tester

• Trial Product

It is considered as the highest cost of operation in the business but the most instrumental to its success.

• Machine

• Manpower

• Materials

• Methods

It is the set of interrelated activities a certain company uses in order to create a competitive advantage.

• Competition Chain

• Product Chain

• Supply Chain

• Value Chain

You have convinced the employer regarding your credentials and finished your interview. A contract is now prepared for you read the terms and conditions of your employment. This process is called.

• Employee Qualification

• Job Description

• Job Offer

• Selection of Job Applicants

This may include medical coverage, leave credits, decent job titles, flexible work schedules and the like that are part of the strategies in employee management.

• Additional benefits

• Competitive Salary Package

• Non-Monetary Benefits

• Salary Adjustment

You work in a small to mid-size entity where you perform the processing and recording of the day-to-day financial operations of the business. You are?

• Accountant

• Bookkeeper

• Financial Analyst

• Employer

Your group decided to create a business where Jairus invested cash, Shaila invested equipment and you promised for your skills to run the business. You will call your company Filipino Invasion. What form of business your company engaged in?

• Cooperative

• Corporation

• Partnership

• Sole Proprietorship