Which of the following statements is true?

Which of the following is not a benefit of record keeping?

The sources of documents are called?

To register your Business Trade name is done in the office of?

Which of the statements is true?

The tasks to be accomplished before operating the business should

have:

The objectives of the entrepreneur should be _______________.

Which of the following is NOT a benefit to the enterprise?

Which of the following is true?

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

To secure Tax Identification Number (TIN), which office will you go?

Which office do you visit to register partnership or corporation business?

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

You go to the office of the Department of Industry (DTI) if you

will register your corporation business.

The office to visit when registering your solely owned business

is Securities and Exchange Commission (SEC).

SSS, Philhealth and Pag-ibig fund contributions is made by _________.

The tasks before operating the business must be _____________.

You go to the Bureau of Internal Revenue when you get Tax

Identification Number (TIN)

Employers are the only one to pay contribution at the Social

Security System (SSS).

You cannot start your business without a consultant.

Record keeping is not necessary in business operation.

Record keeping is beneficial to the owner.

The objective of the businessman should be clear.

Tasks before starting the business should have a time

allotment.

Records are sources of documents.

Professional advice is necessary before starting the business.

Professional advice is not needed during the business operation.

Bookkeeping is only important to the accountant.

Record keeping can measure the profit and performance of the

enterprise.

Record keeping can be both physical and electronics.

It is the process of generating a pool of capable and qualified people for

the company/ business.

An employer needs to choose applicants who possess the most necessary

requirement which is/are __________.

Which of the following has the least benefit for the company?

The employees are the company’s greatest resource.

Which of the following is NOT usually part of the selection process?

Where would you usually find a summary of the work history of a

prospective employee?

The risk associated by a bad hire in the company.

Who should be the right person for a particular position?

The success of the company does not rely on the performance of

the people.

Businesses need not have qualified employees.

Hiring or recruiting people is part of investment in the company.

Finding qualified candidates is sometimes difficult because of

competition, changing workforce demographics, and workers’

values.

Look for employees who embody the company’s values.

The following are the qualifications in looking for qualified workers,

EXCEPT.

To get more staff in order to cope with a business expansion, new

products or market are needed.

The use of pre-employment testing and assessment has to follow the

same guidelines as any other hiring selection method (including

resumes, interviews, etc.)

Pre-employment testing and assessment is one of the most objective

ways of predicting job performance and company fit.

Brenda's Beauty Salon offers customers hair styling. This is an example

of __________.

Business outfits recruit workers for many reasons, such as: to

acquire specific skills for a new technology.

What are the four Ps in the Marketing Mix?

What do the 4 P's achieve when these work together?

The marketing mix which concerns on how much a customer pays for

the goods or services being offered.

Which of the following descriptions provides the best definition of the

marketing mix?

What is recruitment?

What does the overall marketing mix create?

How is a business most likely to increase sales of a premium branded

product?

A supermarket's own brand range of products:

When is a business most likely to adjust the marketing mix of a product?

Where are premium products most likely to be sold?

This is excluded in the marketing mix?

They are protected by consumer protection laws.

It determines the overall marketing mix of a firm.

This is the most important element of the marketing mix.

In order to create a brand image for a particular product, what does a

business adjust to?

It represents the day-to-day operations of a business.

All these belong to the 4Ms except one.

This is an employee qualification except one.

It determines what should be sold.

In choosing, cost, quality and availability should be considered.

This refers to human talent, capital and workforce _________

This refers to the things that can be made for new

products________

This refers to the process of making raw materials to attain final

product______________

It refers to the equipment used for processing raw

materials______________

This is the most important factor in the production.

Preparation & presentation of the financial statements of the

entity is the primary responsibility of ________________.

In normal situation, it is favorable for the business to have high

inventory.

Also called equity.

The term used for the goods available for sale and raw

materials used to produce goods available for sale.

it is one of the financial statements of a company and shows

the company’s revenues and expenses during a particular

period.

The simple formula in getting the profit.

The following are belongs to the fixed costs EXEPT ____________.

Anything with monetary value that a business owns.

The price of all inventory sold which includes both fixed and variable costs.

It is the money received from customer in exchange of

products given to customer.

Mr. Q is a practicing Doctor of Medicine. During the month of

March 2019 he received Professional Fees amounting to P

1,000,000 and total expenses of P250,000. The net income of

Mr. Q is___________

It is the ratio between net profit and cost of investment.

It shows the financial picture – assets, liabilities, and capital – at

some specific moment.

It is the profit of the company that made after deducting the

cost.

The income generated from normal business operations and

includes discounts and deductions for returned merchandise.

The gross profit rate provides information on the cost ratio of

the business.

In evaluating the profitability of the entrepreneurial venture,

the evaluation must focus on the information reflected on the

face of the balance sheet.

The operating profit margin rate indicates information on the

percentage of operating expenses on the net sales.

Recruiting new member of the company means to replace

leaving staff.

Mr. Q is a practicing Doctor of Medicine. During the month of

March 2019 he received professional fees amounting to

Php 1,000,000 and total expenses of Php 250,000. The net

income of Mr. Q is Php 750,000.

Profit is the money received from customer in exchange of

products given to customer.

The gross profit rate of the entrepreneurial venture is computed

by dividing the cost of goods sold by net sales.

The gross profit rate provides information on the cost ratio of

the business.

One of the objectives in evaluating the gross profit rate of the

business is to determine whether the amount of the gross profit

is sufficient to cover the operating expenses.

The operating profit margin rate indicates information on the

percentage of operating expenses to net sales.

The government is not interested in financial statements since

it is not a party to any of the transactions of the business.

The net profit margin rate presents the general perspective of

the operating performance of the business.

The amount of income per peso investment can be determined

by computing the net profit margin rate.

In normal situation, it is favorable for the business to have

high inventory.

Preparation & presentation of the financial statements of the

entity is the primary responsibility of an accountant.