V20
Entrepreneurship
1
2
3.
It refers to the process or technique of converting raw materials to finished products.
a.
b.
Machine
Manpower
Method
d
Materials
Method
d
Materials
It simply refers to the raw materials needed in the production of a product.
a
b
Machine
Manpower
Statement 1-Skills and expertise is not important in considering manpower. Statement II- Benefits are the reasons why customers will decide to buy the products
a.
Only Statement I is true.
b.
Only Statement il is true.
4.
d.
Both Statements are true.
Both Statements are false.
Statement I- Educational qualifications and experience is one of the criteria in considering manpower. Statement II- Product to produce is one of the factors to be considered in method or production method.
a.
Only Statement I is true.
b.
Only Statement II is true.
d.
Both Statements are true.
Both Statements are false.
S
Statement - 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.
a.
Only Statement I is true
C.
Both Statements are true.
b.
Only Statement Il is true.
d.
Both Statements are false.
6
Profit or Loss in computed by subtracting cost/expenses from -
a
Income/Revenue
C.
Sales
Sales Discount
7.
b.
Operating expenses
Sales is an account title used to describe goods or merchandise sold by a business. What nature of business uses Sales?
d.
a.
Servicing
b.
Barber Shop
8.
C.
d.
Merchandising
Both Servicing and Merchandising
Irene sells fashion bags online. She gets each bag for P 150.00 from a local supplier. She then adds P 100.00 as mark-up for each bag. How much is the selling price of each bag?
