THIRD PERIODICAL EXAM IN ENTREPRENEURSHIP 10

Name:____________________________________Score:_____
Rating:____ Percentage:_____
I.MULTIPLE CHOICE. Write only the LETTER that corresponds to our answer.
____1. This refers to the number of units in a purchase order.
a. Total Cost b. Unit c. Unit Cost d. Quantity
____2. In a purchase order, this refers to the number of units.
a. Total Cost b. Unit c. Unit Cost d. Quantity
____3.What is the result when the quantity is multiplied by unit cost?
a. Unit Price b. Total Cost c. Selling Price d. Unit
____4. This determines the market value of a product.
a. Price b. unit c. production cost d. output
____5. The step-by step procedure of transforming materials into product.
a. Process c. production plan
b. marketing strategy d. sales management
____6. This is the actual testing of product.
a. Trial Run c. production plan
b. marketing strategy d. sales management
____7. This involves formulation of marketing strategy.
a. Process c. production plan
b. price d. sales management
____8. The finished product in a production.
a. Price c. production cost
b. Unit d. output
____9. The expected result of variable cost and fixed cost.
a. Total cost c. target goal
b. price flexibility d. projected sale
____10. The materials used in production that are turned into a finished product.
a. Input b. output c. process d. plan
____11.If you own an online store that wants to sell an item of better quality. What
pricing model will you apply?
a. Cost Based b. Market c. Portfolio d. Freemium
_____12.The part of the purchase request that indicates the name and the address
of the supplier.
a. Letter Head b. Vendor Section c. Purchase Number d. Supplier Code
_____13.Two or more words that describe the item being purchased.
a. Quantity b. Item Name c. Details d. Unit
_____14. A type of pricing model that has basic tax preparation and scale of
prices.
a. Cost Based b. Market Pricing c. Freemium d. Portfolio
____15.