NOTRE DAME OF MASIAG, INC.

Masiag, Bagumbayan, Sultan Kudarat

Government Recognition No. 018, s. 1993
“Service for the love of God through Mary”
Entrepreneurship Grade 11
Second Prelim
Name: Grade& Section: Score:
Test I. MULTIPLE CHOICE. Read each sentence below and choose your answer from the 4
given choices. Encircle the letter of your choice.
1. Which financial gain, especially the difference between the amount earned and the amount spent
in buying, operating, or producing something?
A. Gross Profit C. Gain
B. Profit D. Loss
2. Which is the profit a company makes after deducting the costs associated with making and selling
its products, or the costs associated with providing its services.
A. Gross Profit C. Gain
B. Profit D. Loss
3. It is a person whose job is to keep records of the financial affairs of a business.
A. Bookkeeper C. Cashier
B. Accountant D. Clerk
4. It is a statement of the assets, liabilities, and capital of a business or other organization at a
particular point in time, detailing the balance of income and expenditure over the preceding period.
A. Balance Sheet C. Financial Statement
B. Cash Flow D. Income Statement
5. It talks about human labor force involved in the manufacture of products.
A. Man power C. Machine
B. Material D. Method
6. It talks about raw materials necessary in the production of a product. Materials mainly form part of
the finished product.
A. Man power C. Machine
B. Material D. Method
7. Discusses about manufacturing equipment used in the production of goods or delivery of services
A. Man power C. Machine
B. Material D. Method
8. Production method discusses the process or way of transforming raw materials to finished
products.
A. Man power C. Machine
B. Material D. Method
9. It a duplication of a product as it will be produced, which may contain such details as color,
graphics, packaging and directions. One of the important early steps in the inventing process is
making a prototype.
A. Man power C. Prototyping
B. Material D. Method
10. It is an important tool for you to have an idea about the future of your business. Your business plan
will be your guide in the moment you will be implementing and operating your business proposal.
A. Man power C. Prototyping
B. Material D. Business Plan
TEST II: TRUE OR FALSE: Write True if the statement is correct otherwise False, on the blank
provided before each number.
_______1. Market is the persons who will buy the product or services
_______2. Organizational chart- is the diagram showing graphically the relation of one official to
another, or others of a company
_______3. Competitive Analysis- is the strategy where you identify major competitors and research their
products, sales and marketing strategies
_______4. Financial Section- shows the money needed for the business, how much you will take in and
how much you will pay out.
_______5. Executive Summary- is part of the business plan which is the first to be presented but the last
to be made.
_______6. Introduction- this part discusses what is the business plan all about
_______7. Financial Section- shows the money needed for the business, how much you will take in and
how much you will pay out.
_______8. Business plan is an important tool for you to have an idea about the future of your business.
_______9. Business model describes the reasons of how an organization creates, delivers, and captures
value in economic, social, cultural or other contexts.
_______10. A supply chain is a structure of organizations, people, activities, data, and resources involved
in moving a product or service from supplier to customer.
_______11. Suppliers are your business partners
_______12. Business plan is an important tool for you to have an idea about the future of your business.
_______13. Manpower talks about human labor force involved in the manufacture of products.
_______14. Machine discusses about manufacturing equipment used in the production of goods or
delivery of services.
_______15. Method production method discusses the process or way of transforming raw materials to
finished products.
Test III. IDENTIFICATION: Identify what is being described or defined in each of the item below.
Write it on the blank provided before each number.
_______1. It is provide a summary, emphasizes the message, and calls for action
_______2. It is the foundation of the speech.
_______3. It is a financial gain, especially the difference between the amount earned and the amount
spent in buying, operating, or producing something
_______4. It is the profit that company makes after deducting the costs associated with making and
selling its products, or the costs associated with providing its services
_______5. It is a person whose job is to keep records of the financial affairs of a business.
_______6. It is a statement of the assets, liabilities, and capital of a business or other organization at a
particular point in time, detailing the balance of income and expenditure over the
preceding period.
_______7. It talks about human labor force involved in the manufacture of products
_______8. It talks about raw materials necessary in the production of a product. Materials mainly form
part of the finished product.
_______9. It is discuss about manufacturing equipment used in the production of goods or delivery of
services.
_______10. It is production method discusses the process or way of transforming raw materials to
finished products.
_______12. It provide customers with details around the features and benefits of the product so they’re o
obliged to buy.
_______13. It is entity that offers goods and services to another business. This entity is among of supply
chain of a business, which may offer the main part of the value contained within its products.
_______14. It is a company's plan for how it will make revenues and make a profit.
_______15. It is important tool for you to have an idea about the future of your business. Your business
plan will be your guide in the moment you will be implementing and operating your
business proposal.
TEST IV: ESSAY. Briefly discuss the following questions. Used the space provided for your answer.

Standard for scoring

Content 3%
Grammar 3%
Over all total 6%

1. What do you think is the reason why food business establishment becomes famous amongst teens
now a days?

2. What do you think business strategies are effective to make the business more productive? Why?

TEST V: ENUMERATION. Enumerate what are asked.

Give the 4M’s
1.
2.
3.
.

Good Luck & God Bless

Ma’am ken