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Entrep Mind - pretest

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What is the most popular non-store trading?

a)

manufacturing

b)

trading

c)

direct selling

d)

services

2.

It is what you see in a completed product?

a)

direct labor

b)

raw materials

c)

factory overhead

d)

none of the above

3.

It is larger than supermarkets and department stores have emerged

a)

specialty stores

b)

convenience stores

c)

sari sari stores

d)

superstores

4.

It is the selling of goods and services directly to the final consumers which can be an individual person or business unit.

a)

retailing

b)

service business

c)

trading

d)

direct selling

5.

Which one is not a classification of a store trading?

a)

amount of service

b)

product line

c)

retail prices

d)

None of the above

6.

Selling is a primary factor that moves the economy.

a)

YES

b)

NO

c)

MAYBE

d)

I DONT KNOW

7.

When an entrepreneur decides to go into business, he has to consider several factors, which one is NOT?

a)

capital

b)

labor costs and supply

c)

technology

d)

relatives

8.

It is a process of converting raw materials into finished products.

a)

direct selling

b)

service business

c)

manufacturing

d)

trading

9.

It refers to human efforts used in the factory which cannot be identified as pertaining to a particular product.

a)

indirect labor

b)

indirect materials

c)

direct labor

d)

indirect expenses

10.

Which one is NOT TRUE about Creativity in an individual?

a)

Creativity is developed by being observant

b)

Creativity innate during birth

c)

Creativity is developed because pf external conditions

d)

Creativity is developed by imagination

11.

It is the amount needed to operate your manifacturing business.

a)

capital

b)

creativity

c)

skills

d)

personal exposure

12.

It is doing work for others.

a)

service business

b)

retailing

c)

trading

d)

manufacturing

13.

Which one is NOT a professional service?

a)

flower shops

b)

legal services by lawyers

c)

bake shops

d)

department stores

14.

What are the advantages of establishing a Service Business? Choose 3 answers.

a)

mobility

b)

minimal capital

c)

you have your own boss

d)

non-perishable products

15.

Which are the TWO important basic reasons of service?

a)

It helps move the economy

b)

It makes life not only upleasant but uncomfortable

c)

It makes product available

d)

It helps people to travel alone