The 4M’s of production are as follows except ONE.

Which of the following refers to the marketing copy that explains what a product is and why it is worth purchasing?

It represents the final products from the production process and distributed to the customers.

It is a replica of a product.

Which of the following refers to the system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer?

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

It describes the rationale of how an organization creates, delivers, captures value in economic, social cultural or other contexts.

It is an entity that supplies goods and services to another organization.

Statement I- In selecting the type of equipment to purchase, the entrepreneur may consider cost and capacity of the equipment.

Statement II- The purpose of a product description is to supply customers through details around the features and benefits of the product.

Which of the following refers to the manufacturing equipment used in the production of goods or delivery of services?

Statement I-Skills and expertise is not important in considering manpower.

Statement II- Benefits are the reasons why customers will decide to buy the products.

It refers to the process or technique of converting raw materials to finished products.

Refers to the amount added to the cost of a product to determine the selling price

It is a planning tool that helps entrepreneur copes up with uncertainties in the future operation of the business.

Aling Marta sells bibingka in her neighborhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much is her daily revenue?

Refers to the amount paid to transport goods or merchandise purchased from the supplier to the buyer.

Profit or Loss is computed by subtracting cost / expenses from –

Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos. How much is the mark-up?

The costs incurred through payment of utilities such as water, electricity, internet connection is considered as –

Merchandise or goods purchased are referred to as –

Refers to goods and merchandise at the beginning of operation of business or accounting period.

Nathaniel sells bottled water in a nearby city bus terminal. Every day he can sell 30 pieces of bottled water at 20 pesos each. How much is Nathaniel’s daily sales?

Refers to goods and merchandise left at the end of operation or accounting period.

Lina sold all ten t-shirts for 1,500 pesos. Suppose she added 50.00 pesos as mark-up price for every t-shirt. How much was the cost for every t-shirt sold?

Aling coring sold 5 pieces of rugs. She bought the rugs for 20 pesos and sold it for 35 pesos. How much is the total cost of goods sold?

Which of the following businesses use Service Income in recording revenues?

Which office will you go to register your single owned business?

Which of the following is not a step to follow before operating a business?

Which of the following statements are true?

A financial statement that reports the Sales or Income received, Expenses and the Net income of business is called ________.

A source document issued by the supplier acknowledging that full payment has been received from the customer.

  The following are financial records of ABC Corporation:

-          Revenues – 20,000                                    - Rent expense – 3,000

-          Salaries Expense – 4,000                          - Utilities expense – 2,000

How much is the total expense?

One of the accounts title below is used in making an adjusting entry _____.

A type of business that is engage in buying and selling of food products such as Grocery/convenient stores.

1.      Is a book used to record journal entries called the book of original entry is called ______

All of the following is an income statement accounts, EXCEPT

All of the following is a balance sheet accounts, EXCEPT

A source document which accompanies a check when payment is made.

It is the obligations of the company, payable in money, goods or services.