Republic of the Philippines

Binalonan
LIPIT NATIONAL HIGH SCHOOL
Manaoag
SECOND QUARTER EXAMINATIONL

Name:_________________________________________Section:___________________Score:___________
Direction: Shade the letter of the correct answer.
1. What is the activity of setting up a business or business taking on financial risks in the hope of profit.
A. Entrepreneurship C. Business
B. Economics D. Empowerment & Technologies
2. Who is the person engaging in business?
A.Sales Lady C. Entrepreneur
B. Buyer D. None
3. What is the communication of value of a product, service or brand to consumers for purpose of
promoting or selling.
A. Marketing C. Marketables
B. Marketing Techniques D. None of the above
4.What is the term for choosing target markets through market analysis and market segmentation?
A. Marketing C. Marketables
B. Marketing Techniques D. None of the above
5. Which is true about Entrepreneurship?
A. It is a way of thinking C. A leisure hobby
B. Waste of energy D. It is an abusive act
6. Which part of 7P’s of Marketing is the primary component?.
A. Place C. Price
B. Promotion D. Product
7. Which part of 7P’s of Marketing used by consumers as means of judging the product’s quality?
A. Place C. Price
B. Promotion D. Product
8. Which part of 7P’s of Marketing refers to the location of product or the means of selling it?
A. Place C. Price
B. Promotion D. Product
9. Which part of 7P’s of Marketing known as the umbrella term which covers all the media to inform customers
about the products?
A. Place C. Price
B. Promotion D. Product
10. Which part of 7P’s of Marketing involves customer-profiling?
A. Profile C.Positioning
B. People D. Packaging
11. Which part of 7P’s of Marketing refers to the product’s status in relation to the wider market?
A. Profile C.Positioning
B. People D. Packaging
12. Which part of 7P’s of Marketing refers to the way product is wrapped and its over-all presentation?
A. Profile C.Positioning
B. People D. Packaging
13. What is the purpose of marketing mix?
A. To sell products C.To earn more
B. To provide good service D. All of the above
14. How can you apply the Packaging of 7 P’s of Marketing?
A. Make a presentable and catchy product
B. Develop customer profiling
C.Sorting proper prices for the products
D. None of the above
15.How can you apply the People of 7 P’s of Marketing?
A. Make a presentable and catchy product
B. Develop customer-profiling
C.Sorting proper prices for the products
D. None of the above
16. How can you apply the Price of 7 P’s of Marketing?
A. Make a presentable and catchy product
B. Develop customer-profiling
C.Sorting proper prices for the products
D. None of the above
17. What is the process of establishing the exact amount paid to produce or provide product or service
A. Costing C. Pricing
B. Coaching D. Analyzing
18. Which of the following is not the importance of costing?
 A. To determine what price you should sell your product
B. To evaluate how much the profit or loss your business is making
C. To be able to submerge other competitors
D. To know how much each product cost
19. How can costing help you?
A. Add more tasks C. Expose business records
B. Set competitive prices D. All of the above
20. Which of the following is not the a type of cost
A. Fixed Cost C. Competitive Cost
B. Direct Cost D. Variable Cost
21.Which type of cost that do not change with the level of production?
A. Fixed Cost C. Competitive Cost
B. Direct Cost D. Variable Cost
22. Which type of cost is directly connected with the production of products or services?
A. Indirect Cost C. Competitive Cost
B. Direct Cost D. Variable Cost
23. Which type of cost are directly related to level of production?
A. Indirect Cost C. Competitive Cost
B. Direct Cost D. Variable Cost
24. Which type of cost is not directly related to the production process?
A. Indirect Cost C. Competitive Cost
B. Direct Cost D. Variable Cost
25. If your business plan is not properly designed, what will happen to your prospect investors?
A. They will recommend you. C. They will decline your proposal.
B. They will invest in your business D. None of the above
26. What is the monetary value of a product or services that you charge to cover your total cost and profit
that you desire?
A. Costing C. Pricing
B. Coaching D. Analyzing
27. What is the certain percentage of profit desired on the sale of a product or service?
A. Mark Down C. Mark Binsent
B. Mark Up D. Mark Dyastin
28. If your total cost is Php 11,000 and you want to have a 20% profit, how much will be your profit?
A. Php 2,200 B. Php 2,000 C. Php 2,250 D. Php 2,300

29. In number 28, how much will be your selling price?

A.Php 13,200 B. Php 13,000 C. Php 13,250 D. Php 13,300
30. What is the most important thing in all business ventures that determines the profits that entrepreneurs
will make
A. People C. Profit
B. Product D. Price
31. Which of the following is not a factor influence pricing?
A. Nature of the market C. Cost in the distribution channel
B. Consumer demand for a product D. State of Assurance for consumer
32. What is being used to determine the volume of sales your business needs to start making a profit?
A. Customer-Profiling C. Inventory
B. Breakeven Analysis D. Market Analysis
33. What is the term for total earnings after expenses are considered?
A. Sales Volume B.Price C. Profit D. Revenue
34. What is the term for the total amount of sales during specific period that includes discounts and returned
merchandise?
A. Sales Volume B.Price C. Profit D. Revenue
35. What is the term for the sum of money or its equivalent for which anything is bought, sold or offered for
sale?
A. Sales Volume B.Price C. Profit D. Revenue

36. What is the term for the actual payment of cash or cash-equivalent for goods or services?
A. Sales Volume B.Price C. Expenditure D. Revenue
37.Which definition defines the quantity or number of goods or services rendered?
A. Sales Volume B.Price C. Expenditure D. Revenue
38. Which of the following is not an example of increasing revenue?
A. Selling more by reducing price C. Making same thing towards the product
B. Aggressively promoting the product D. Making the product more attractive
39. Which part of organizational structure consist all the members of the association?
A. General Assembly C. Finance Officer
B. Executive Committee D. Employed Personnels
40. Which part of organizational structure were given responsibility for guiding and coordinating the activities
of the group?
A. General Assembly C. Finance Officer
B. Executive Committee D. Employed Personnels
e 41. Which part of organizational structure responsible for internal control and who checks financial records
 of the group?
A. General Assembly C. Finance Officer
B. Executive Committee D. Employed Personnels
42.Which part of organizational structure run the day-to-day activities of the association?
A. General Assembly C. Finance Officer
B. Executive Committee D. Employed Personnels
43. Which of the following is not a responsibility a the General Assembly?
A. Elect officers C. Prepares and submit reports
B. Determines monthly savings D. Has the over-all responsibility of the group
44. Which executive committee members has the responsibility to lead the group to its objectives?
A. Chairperson B. Vice-Chairperson C. Secretary D. Treasurer
45. Which executive committee member is responsible for the minutes of the meeting?
A. Chairperson B. Vice-Chairperson C. Secretary D. Treasurer
46. Which executive committee member is responsible for making financial reports?
A. Chairperson B. Vice-Chairperson C. Secretary D. Treasurer
47. Which executive committee member performs the duties of the chairperson in his/her absence?
A. Chairperson B. Vice-Chairperson C. Secretary D. Treasurer
48. What is the term for a transaction involving two or more individuals,whereby each has reciprocal rights to
demand performance of what is promised?
A. Work Promise B. Work Contract? C. Work Agreement D. Work Paper
49. If your total cost is Php 52,323 and you want to have a 20% profit, how much will be your profit?
A. Php 10,464.6 B. Php 14,604.6 C. Php 10,644.6 D. Php 10.664.4
50. In number 49, how much will be your selling price?
A. Php 62,788 B. Php 62, 877 C. Php 72.87 D. Php 62, 618

Prepared by: Checked by: Noted by:

KIM P. MORALIDAD MEILANI IRMA F. SALES, Ed.D. VIOLETA C. SAGUN,MA.Ed.

SHS Teacher II Head Teacher III Principal III