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WorksheetsEntrepreneur
Total questions: 10
Worksheet time: 50secs
1. Which office will you go to register your single owned business?
A. SEC
B. DTI
C. BIR
D. Mayor’s Office
2. To secure Tax Identification Number(TIN) , which office will you go?
A. SEC
B. DTI
C. BIR
D. Mayor’s office
3. SSS, Philhealth and Pag-ibig fund contributions is made by _______________
A. Employees only
B. employers only
C. both employer and employee
D. None of the choices
4. Which of the following is true?
A. Good record keeping is not important to the business owner
B. Good record keeping is important only to the accountants
C. Good record keeping gives benefits to the enterprise
D. Good record keeping gives no importance at all
5. The objectives of the entrepreneur should be ________________
A. Specific and clear
B. Specific and long term
C. Short and blurred
D. Long and not specific
6. The task before operating the business must be ____________
A. Specified to be accomplished by the owner alone?
B. In detail so that the owner will know what to do
C. Kept by the owner for future reference
D. None of the choices
7. Which of the statement is true?
A. Before starting a business, the entrepreneur may not consult a professional for advice
B. Before starting a business, the entrepreneur should consult a professional for advice
C. Before starting a business, the entrepreneur must start selling when there are prospect buyers
D. none of the choices
8. Which of the following is not a benefit of record keep.
A. it will not help in managing potential risks
B. it will measure profit and performance
C. it will protect the rights of the owner
D. it will not let you know how much you are earning
9. Which of the following statements is true?
A. professional advise is only needed before starting the business
B. professional advice is needed all throughout the life of the business
C. professional advise is made only by consultants
D. professional advise is only a waste of money
10. The sources of documents are called
A. income statement
B. balance sheet
C. record
D. record keeping
