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WorksheetsRecap-Implement the Business Plan (Entrep)
Total questions: 10
Worksheet time: 5mins
1. This should be clear and well explained to all the members of the company because it will serve as the building block for the whole implementation period.
A. Objective
B. Progress
C. Tasks
D. Time Allocation
2. According to this Republic Act, BMBEs can now register their businesses, free of charge, at the Department of Trade and Industry (DTI) through Negosyo Centers.
A. Republic Act 9177
B. Republic Act 9178
C. Republic Act 9179
D. Republic Act 9180
3. This type of record keeping system is used to make it easier to gather information, generate reports, and update tax and legal reporting requirements.
A. Analog
B. Automatic
C. Electronic
D. Manual
4. It is the activity of keeping records of the financial affairs of a business.
A. Bookkeeping
B. Editing
C. Encoding
D. Posting
5. All of the following tasks should be done weekly, except one.
A. Monitor Incoming and Outgoing Payments
B. Record and Reconcile Transaction
C. File and Upload Receipts
D. Pay Vendors
6. The tax rate of Income before Interest and Taxes.
A. 23%
B.30%
C.32%
D. 20%
7. It is the cost or the money spent for something.
A. Revenue
B. Tax
C. Expenses
D. None of the above
8. It is also known as the profit or loss statement.
Cash Flow Statement
B. Financial Statement
C. Balance Sheet
D. Income Statement
9. It is the equal to Revenues less Cost of Goods Sold.
A. Gross Profit
B. Cost of goods sold
C. Net Income
D. Both A & B
10. He/she is the one who does bookkeeping.
A. Accountant
B. Bookkeeper
C. Finance Manager
D. Both A & B
