Department of Education Region IV MIMAROPA Division of Calapan City COMMUNITY VOCATIONAL HIGH SCHOOL Masipit, Calapan City

THIRD PERIODICAL TEST

ENTREPRENEURSHIP III
Direction C!oose and "rite t!e correct ans"er on t!e separate ans"er s!eet #$E%%ER O&$'( 1. Which of the following is the correct steps in registering a business? 1.Register with your municipal city government. When you have a municipal license or a mayors permit, this serves as your authorization to conduct or operate the business. 2. ou have to register at the !ocial !ecurity !ystem "!!!# if you have five or more employees. $.Register your business name with the %epartment of &rade and 'ndustry "%&'#. &he certificate issued after registration becomes your proof of business ownership. (.Register with the )ureau of 'nternal Revenues ")'R#. &his will help systematize your financial operation and payment of ta*es. +.Register the ,rticle of -artnership or ,rticle of 'ncorporation with the !ecurities and .*change /ommission "!./#. 0.Register with the %epartment of 1abor and .mployment. a. 1222$2(2+20 b. (222$212+20 c. $212(222+20 d. 12$2(222+20 2. 't is necessary to register your business to ma3e it 444444444444. a. functional b. legal c. operational d. profitable $. this means an e*clusive right of a person to a business. a. ,uthorization b. legalize c. 5wnership d. 6anaging (. &he issuance of approval to operate a. ,uthorization b. legalize c. 5wnership d. 6anaging +. 6eans to be permitted by law a. ,uthorization b. legalize c. 5wnership d. 6anaging 0. &he person who have the right to issue the approval to operate. a. ,uthority b. community c. president d. proponent 7. ,n office which is optional for you to register to en8oy some privileges. a. )'R b. )-15 c. /%, d. %&' 9. ,n analysis and evaluation of a proposed pro8ect to determine its profitability. a. feasibility study b. :inancial study c. 6ar3eting study d. 6anagement study ;. Refers to a group of persons who use and patronize the products<services that specifically fits their needs<wants. a. ,ddendum b. &arget 6ar3et c. 6ar3et &rends d. !ustainability 1=. &hese are documents or information attached to clarify or support the information in the original document. a. ,ddendum b. &arget 6ar3et c. 6ar3et &rends d. !ustainability 11. )usiness production and services are varied based on444444444444. a. 'nnovation b. 1ifestyle of the people c. needs and wants d. science and technology 12. &he first part of the business plan proper. a. :inancial -lan b. &he -roblem<>eed c. &he 6ar3eting -lan d. ?ision, 6ission, ?alues 1$. -ertains to the description of the problems being addressed to, as well as the reasons<rationale why these must be addressed by the business and the descriptions on how the business has solved them. a. mission b. -roblem<needs c. values d. vision 1(. 't is a clear description of goals and ob8ectives that presents practical steps to achieve the vision. . a. ,ddendum b. 6ission c. ?ision d. !ustainability 1+. 't is a description of what the proponent sees if the problem is solved. a. ,ddendum b. 6ission c. ?ision d. !ustainability 10. , clear statement of values critical to the culture, integrity and activities of the business. a. mission b. -roblem<needs c. values d. vision 17. @ the most admired cooperative ba3eshop in /alapan /ity whos uniAue feature is the cooperative spirit among its incorporators...B is an statement of 444444444444 a. mission b. -roblem<needs c. values d. vision 19. @....will conduct activities that would promote spirit of entrepreneurship through active participation in community and school activities since they are the number one clientele of the ba3eshop...B is an statement of 4444444444 a. mission b. -roblem<needs c. values d. vision 1;. @.... vows to support the training needs of the school in terms of ba3ing, mar3eting, bac3 office operations and food serviceC considers itself as partner in progress of the community and school..B is the statement of 4444444444. a. mission b. -roblem<needs c. values d. vision 2=. %eals with the selling and buying activities of the business. a. )usiness plan b. 6ar3et trend c. 6ar3eting d. -lanning 21. , study where the sufficient demands of the product as well as the competitive position of the firm in the industry is determined a. :inancial study b. 6ar3eting study c. 6anagement study d. &echnical study 22. &he ( -s of a good mar3eting plan are. a. -ac3age, -lace, -lan, -rice b. -lan, -lace, -roduct, -rice c. -lace, -rice, -roduct, -romotion d. -rice, -lace, -romotion, -urchase 2$. , diagram showing the '>-D&!, &R,>!:5R6,&'5> -R5/.!! and 5D&-D&!. a. organizational chart b. production paradigm c. :inancial tables d.cashflows

2(. 1abor and any available raw materials used by the proponent is considered as 44444 a. 'ngridients b. 'nputs c. &ransformation process d. 5utputs 2+. &he finish product sold on the mar3et a. 'ngridients b. 'nputs c. &ransformation process d. 5utputs 20. ,ssembling, constructing, canning, etc.... is an e*ample of 4444444444 a. 'ngridients b. 'nputs c. &ransformation process d. 5utputs 27. 't is part of a business plan which can be both within or beyond the control of the entrepreneur. a. mission b. ob8ectives c. ris3 d. vision 29. &he number of buyers and sellers in a particular mar3et. a. )usiness ris3 b. 6ar3et size c. 6ar3et trends d. &arget mar3et 2;. 's the probability inherent in a firms operations and environment "such as competition and adverse economic conditions# that may impair its ability to provide returns on investments. a. )usiness ris3 b. 6ar3et size c. 6ar3et trends d. &arget mar3et $=. , diagram showing the members of the team and the teams contribution to the business a. organizational chart b. production paradigm c. :inancial tables d.cashflows $1. &his involves on how the pro8ect shall be managed such as the business organization including the organization chart and function of each unit management personnel, s3ills and numbers of labor reAuired. a. 6ar3eting study b. 6anagement study c. &echnical study d. !ocial desirability $2. Dsed to provide strategic information and leads that will aid and sustain business development. a. )usiness ris3 b. 6ar3et size c. 6ar3et trends d. &arget mar3et $$. 't gives the information on financial concerns and stability of the plan. a. :inancial -lan b. 6ar3eting -lan c. 5rganizational -lan d. -roduction -lan $(. -ro8ected >et -rofit E 4444444444444 a. Revenue F /ost b. Revenue G /ost c. :i*ed /ost F ?ariable /ost d. :i*ed /ost G ?ariable /ost $+. When &otal Revenue"&R# is greater than :i*ed /ost":/# and ?ariable /ost"?/# means the business is 4444444444444. a. earning b. 1osing c. )rea32even d. /osting ''. ,nalysis and /omputation $020= Ms. Cindy Alma plan to invest in a business venture. She decided to put up a capital of P85, 000.00 in a Cake business here she ill rent a place ith the cost of P!000.00 monthly. A baker "P!,500.00#monthly$ and a helper "P!000.00#monthly$ ill be employed. After canvassin% and researchin% she decided that she ill buy an oven ith the depreciation amount of P&',(&0.00) &sets of e%% beater ith the amount of P*'8.00 each set) and & sets of other tools and utensils ith the amount of P(,&00.00 per set. Ms. Cindy pro+ected that she ill baked and sold at least (& cakes a day ith the follo in% in%redients, -nit Price -nit Price .lour "'5k$ /////////////////// P 50.00# k Su%ar "&00k$ /////////////////// P '8.00#k 1%% "!,&'0pcs$ /////////////////// P 5.00#pc 2akin% Po der "8*sachet$ ////////////// P &0.00#sachet Salt "(k$ /////////////////// P (0.00#k Cookin% oil "(80bottles$////////// P &*.00#bottle vanilla "8 bottles$ ////////////// P 55.00#bottle She anticipated other e4penses "monthly$ like the follo in%, 5elephone bill ////// P*00.00 6ater bill ////// P'00.00 1lectric bill ////// P(, 500.00 7P8 ////// P &00.00 Miscellaneous ////////P(000.00 5ransportation ////// P(000.00 7astly, she decided to ork and open her business !0 days in a month. A. Make a detailed Monthly 14penses 2. Assumin% that she ill make a P(00.00 mark/up, tabulate a Pro+ected 9evenue C. Compute for the a$ Monthly Pro+ected net profit and b.$ :early Pro+ected net profit 3ran%e +uice "(80bottles$ //////////////// P (0.00#bottle cake board and bo4 "!*0sets$////////////// P !8.50#set

prepared byH -5R&', 6. ).R5>

%A)$E O* +PECI*ICA%IO& I& E&%REPRE&E,R+-IP III .rd Periodical %est /01.2/013 %OPIC+ Procedure6+teps in Ma7ing t!e )usiness legal 4 days taug!t / Percentage 5 11 11 4 of items 8 Item Placement 1-7 %ype of %est Multiple Analysis and Computation C!oice 1 28

developing a 9usiness plan Constructing t!e main Parts of t!e 9usiness plan

: :;

8 - 10

<210

I +tatement of t!e Pro9lem6&eed

: :;

11 - 13 14-19 20-22

11 2 1.

II Vision , Mission, Values

11 11

1321=

III %!e Mar7eting Plan IV Production and %ec!nical Plan V Organi>ational6Management Plan VI *inancial Plan TOTAL

: :;

/02//

11 11

23-29 30-32 ..2;0

/.2/=

1 < 18

: :; 33 33 100.01

. /< 60

.02./ ..2.:

Prepared 9y? PORTIA M. BERON