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Business Operations Quiz

Total questions: 101

Worksheet time: 2hrs 41mins

Name
Class
Date
1.

Which of the following refers to daily activities businesses engage in to earn profit?

a)

Marketing

b)

Business operations

c)

Investment

d)

Innovation

2.

A service business provides:

a)

Tangible products

b)

Intangible products

c)

Wholesale goods

d)

Manufactured goods

3.

A merchandising business is also known as:

a)

Buy and sell business

b)

Service provider

c)

Franchise business

d)

Hybrid business

4.

A manufacturing business involves:

a)

Only buying products

b)

Selling services only

c)

Combining raw materials and labor to produce goods

d)

Reselling products at retail price

5.

A hybrid business is:

a)

A combination of two or more types of business

b)

A business without profit

c)

A business run online only

d)

A business that sells only raw materials

6.

Which is a way to improve business operations?

a)

Measure performance

b)

Ignore competition

c)

Avoid innovation

d)

Eliminate trends

7.

Monitoring trends helps a business:

a)

Copy competitors directly

b)

Get better than competition

c)

Reduce operations

d)

Limit performance

8.

Streamlining processes in business leads to:

a)

Reduced productivity

b)

Increased productivity

c)

No change in results

d)

Elimination of employees

9.

Business operations aim to:

a)

Decrease revenue

b)

Increase expenses

c)

Increase value of enterprise

d)

Stop competition

10.

Which is NOT a type of business operation?

a)

Service business

b)

Merchandising business

c)

Manufacturing business

d)

Government business

11.

A beauty salon is an example of:

a)

Service business

b)

Merchandising

c)

Manufacturing

d)

Hybrid

12.

A bookstore that resells books at retail is a:

a)

Service

b)

Manufacturing

c)

Merchandising

d)

Hybrid

13.

A bakery producing its own bread is a:

a)

Manufacturing business

b)

Service

c)

Hybrid

d)

Merchandising

14.

A restaurant that both cooks food and provides service can be:

a)

Hybrid business

b)

Pure manufacturing

c)

Pure merchandising

d)

Investment

15.

Goal setting is important in:

a)

Measuring performance

b)

Eliminating profits

c)

Avoiding risks

d)

Cutting expenses only

16.

Which process helps track business milestones?

a)

Goal setting

b)

Avoiding competition

c)

Overproduction

d)

Tax evasion

17.

Trends can come in the form of:

a)

New innovations

b)

Old practices

c)

Ignored customer needs

d)

Random guesswork

18.

A business that produces clothes and runs a retail store is:

a)

Service business

b)

Hybrid business

c)

Manufacturing only

d)

Merchandising only

19.

Efficiency in operations means:

a)

Using more resources

b)

Wasting time

c)

Maximizing output with fewer inputs

d)

Ignoring trends

20.

Business operations are important because they:

a)

Stop productivity

b)

Generate sufficient revenues

c)

Eliminate customers

d)

Decrease profits

21.

A business record book helps track:

a)

Only salaries

b)

All important information and activities

c)

Only raw materials

d)

Competitors

22.

Keeping records helps businesses stay:

a)

Organized, legal, and prepared for growth

b)

Disorganized

c)

Dependent on memory

d)

Risky

23.

Which is a legal requirement for businesses?

a)

Keeping tax returns and receipts

b)

Ignoring customer contracts

c)

Hiding payroll documents

d)

Avoiding audits

24.

Records serve as:

a)

Evidence in disputes

b)

Waste papers

c)

Competition tools

d)

Decorations

25.

Good record keeping helps:

a)

Protect the business

b)

Increase risks

c)

Hide income

d)

Lose profits

26.

Which is NOT a reason for keeping records?

a)

To waste time

b)

To meet legal requirements

c)

To measure profit

d)

To protect rights

27.

Organized records make:

a)

Work less efficient

b)

Decision making better

c)

Audits harder

d)

Growth impossible

28.

Records show:

a)

Income and expenses

b)

Gossip and rumors

c)

Competition secrets

d)

Only debts

29.

Payroll records are important for:

a)

Employee payments

b)

Customer service

c)

Advertising

d)

Merchandising

30.

Receipts and contracts safeguard:

a)

Ownership and transactions

b)

Time wastage

c)

Competitors

d)

Marketing only

31.

Managing risks through records helps businesses:

a)

Identify unpaid invoices early

b)

Hide expenses

c)

Increase disputes

d)

Avoid strategies

32.

Audits are smoother when:

a)

Records are accurate

b)

Records are missing

c)

Records are disorganized

d)

Records are fake

33.

Measuring performance through records helps:

a)

Track growth

b)

Ignore profits

c)

Hide taxes

d)

Destroy evidence

34.

Records can be:

a)

Physical or electronic

b)

Only physical

c)

Only electronic

d)

Imaginary

35.

Which is NOT included in business records?

a)

Legal agreements

b)

Transaction dates

c)

Customer details

d)

Random opinions

36.

Good records help entrepreneurs:

a)

Make better decisions

b)

Avoid planning

c)

Waste time

d)

Forget expenses

37.

Keeping business records reduces:

a)

Wasted time searching

b)

Efficiency

c)

Growth

d)

Preparedness

38.

A record book is a:

a)

Systematic way to track business activities

b)

Random notes

c)

Oral agreement

d)

Customer survey

39.

Poor record keeping results in:

a)

Stressful audits

b)

Clear finances

c)

Smooth growth

d)

Protected rights

40.

Which shows financial health?

a)

Records of income and expenses

b)

Gossip

c)

Rumors

d)

Employee moods

41.

A successful business requires clear:

a)

Objectives

b)

Guesswork

c)

Rumors

d)

Shortcuts

42.

Entrepreneurs must know their:

a)

Tasks

b)

Competitors' secrets

c)

Random ideas

d)

Employees' hobbies

43.

Time allocation helps:

a)

Complete tasks on schedule

b)

Delay work

c)

Waste resources

d)

Avoid objectives

44.

Monitoring progress allows:

a)

Accomplishment of objectives

b)

Failure in goals

c)

Ignoring deadlines

d)

Wasting time

45.

Which is a requirement for corporations in the Philippines?

a)

SEC registration

b)

DTI registration

c)

Mayor's permit only

d)

Informal registr

46.

Which is a requirement for corporations in the Philippines?

a)

SEC registration

b)

DTI registration

c)

Mayor's permit only

d)

Informal registration

47.

DTI registration is required for:

a)

Business tradename

b)

Employees' salary

c)

Bank account opening only

d)

Closing a business

48.

A Mayor's business permit allows:

a)

Legal operation in city or municipality

b)

Avoiding local taxes

c)

Only hiring workers

d)

International expansion

49.

BIR registration provides:

a)

TIN, official receipts, books of accounts

b)

Store rent

c)

Customer discounts

d)

Import permits

50.

Which agencies require employer registration?

a)

SSS, PhilHealth, Pag-IBIG

b)

DepEd and CHED

c)

DOST and DOH

d)

LTO and LTFRB

51.

An accounting system helps track:

a)

Financial performance

b)

Competitors' mistakes

c)

Employee gossip

d)

Social media posts

52.

Advertising ensures:

a)

Customers know about the business

b)

Employees are paid

c)

Records are updated

d)

Tasks are delayed

53.

Insurance protects business against:

a)

Litigation and risks

b)

Advertising failure

c)

Employees' absences

d)

Customer preferences

54.

Life and disability insurance are considered when:

a)

Leasing an office

b)

Launching products

c)

Buying ads

d)

Setting goals

55.

Which registration issues official receipts?

a)

BIR

b)

SEC

c)

DTI

d)

SSS

56.

SSS registration is for:

a)

Employee benefits

b)

Store rent

c)

Product promotion

d)

Tax evasion

57.

Which comes first before operations?

a)

Completing registration and permits

b)

Avoiding requirements

c)

Ignoring laws

d)

Only advertising

58.

A time table ensures:

a)

Tasks are done timely

b)

Goals are delayed

c)

No monitoring

d)

No objectives

59.

Business guidelines include:

a)

Objectives, tasks, time, progress

b)

Random guesses

c)

Luck only

d)

Friends' advice

60.

SEC registration is needed for:

a)

Partnership or corporation

b)

Sole proprietorship

c)

Freelancers

d)

NGOs

61.

Businesses must register to:

a)

Operate legally

b)

Hide from government

c)

Avoid records

d)

Skip taxes

62.

Selling a product is the process of:

a)

Exchanging goods for money

b)

Hiding products

c)

Giving away items

d)

Avoiding customers

63.

Knowing your product involves:

a)

Identifying a niche

b)

Ignoring market

c)

Avoiding research

d)

Forgetting customers

64.

Target audience profile includes:

a)

Demographics and psychographics

b)

Gossip and rumors

c)

Competitors' secrets

d)

Only addresses

65.

A value proposition explains:

a)

The problem solved by the product

b)

Employee benefits

c)

Owner's hobbies

d)

Business logo

66.

Researching market demand helps:

a)

Understand consumer interest

b)

Ignore customers

c)

Increase risks

d)

Avoid profits

67.

A sales platform example is:

a)

Shopify

b)

DTI

c)

SEC

d)

SSS

68.

Online marketplaces include:

a)

Amazon, Etsy, eBay

b)

BIR and SEC

c)

Pag-IBIG

d)

DTI

69.

A physical store is an example of:

a)

Sales channel

b)

Record keeping

c)

Insurance

d)

Registration

70.

Payment methods are part of:

a)

Sales process

b)

Insurance

c)

Records

d)

Audits

71.

Shipping strategy ensures:

a)

Products reach customers efficiently

b)

Records are updated

c)

Insurance is secured

d)

Employees are hired

72.

Customer service builds:

a)

Loyalty and trust

b)

Competition

c)

More expenses

d)

Records

73.

Promotion includes:

a)

Digital marketing

b)

Ignoring customers

c)

Hiding products

d)

Avoiding ads

74.

Social proof involves:

a)

Reviews and testimonials

b)

Rumors

c)

Competitors

d)

Secret notes

75.

Loyalty programs encourage:

a)

Repeat customers

b)

First-time customers only

c)

Competitors

d)

Suppliers

76.

Influencer marketing uses:

a)

Influencers to promote products

b)

Competitors to advertise

c)

Employees only

d)

Friends only

77.

Identifying and segmenting customers uses:

a)

Market research

b)

Gossip

c)

Rumors

d)

Guesswork

78.

A good first impression is achieved by:

a)

Appealing websites

b)

Ignoring design

c)

Poor service

d)

Delayed responses

79.

Personalizing communication makes customers feel:

a)

Valued

b)

Ignored

c)

Rejected

d)

Misled

80.

Feedback from customers helps:

a)

Improve service

b)

Increase risks

c)

Reduce loyalty

d)

Destroy records

81.

Trust is built by:

a)

Honesty and prompt responses

b)

Avoiding feedback

c)

Delaying answers

d)

Ignoring issues

82.

Business operations are done weekly only.

4 lines
83.

Service businesses provide intangible products.

4 lines
84.

Merchandising businesses produce goods from raw materials.

4 lines
85.

Manufacturing businesses combine raw materials, labor, and overhead.

4 lines
86.

A hybrid business can be classified under more than one type.

4 lines
87.

Measuring performance helps businesses track milestones.

4 lines
88.

Keeping business records is optional for legal compliance.

4 lines
89.

Records can be both physical and electronic.

4 lines
90.

Contracts and receipts protect business rights.

4 lines
91.

Poor record keeping makes audits smoother.

4 lines
92.

SEC registration is for sole proprietorship only.

4 lines
93.

DTI registration is for business tradename.

4 lines
94.

Mayor's permit allows legal operation within a city or municipality.

4 lines
95.

BIR registration gives the business its TIN and receipts.

4 lines
96.

SSS, PhilHealth, and Pag-IBIG registration are for employer contributions.

4 lines
97.

Advertising is unnecessary before starting a business.

4 lines
98.

Insurance protects a business against risks and litigation.

4 lines
99.

Selling a product means persuading a customer of its value.

4 lines
100.

Social proof refers to rumors spread by competitors.

4 lines
101.

Good customer service helps build loyalty and trust.

4 lines

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