1. Government agency that is authorized to register rice dealers. National Food subscribed capital.
ed capital. By-laws are also required of partnership and
Authority
2. Government agency that is authorized to register business which are engage 14.
in the manufacture of food products. Bureau of Food and Drugs
3. Issue commodity clearance for manufacturers to ensure that they are
producing quality products. DTI-Bureau of Product Standards 15.
4. Government agency that is authorized to register business which are engage 16.
in the exportation of animal by-products. Bureau of Animal Industry
5. Government agency that is authorized to register business which are engage 17.
in the exportation of plant products. Bureau of Plant Industry 18.
6. Register enterprises engaged directly in the repair or maintenance of
vehicles. DTI-Bureau of Trade Regulation and Consumer Protection 19.
7. Government agency that is authorized to register business which are engage 20.
in the exportation of plywood. Forest Management Bureau
8. Improving an existing product or service renders it new. Changing the 21.
presentation of the product also make it new. BOTH STATEMENTS are TRUE
9. A feasibility study is an activity designed to find out what is feasible, 22.
achievable, attainable, practicable or workable. Managements need
feasibility studies when they have to decide on new products or when they 23.
have excess funds to invest. BOTH STATEMENTS are TRUE
10. Personal selling involves direct communication between sellers and
potential buyers. Mass selling is communicating with a large group of buyers 24.
at the same time. BOTH STATEMENTS are TRUE
11. In the words of a successful entrepreneur, the business plan is the single 25.
most important document at the start-up stage. A written business plan is
like a game plan that is both for the current and future years. BOTH 26.
STATEMENTS are TRUE
12. The article of incorporation provides the number of directors or trustees, 27.
which shall not be less than five nor more than 25. The names, nationalities
and residences of the persons who shall act as directors or trustees until the 28.
first regular directors or trustees are duly appointed. Both statements are
false 29.
13. The corporation Law provides that the subscribed capital is 25% of
authorized capital stock and that the paid-up capital is 75% of the 30.
corporations. BOTH STATEMENTS are FALSE
Advertising and publicity is a paid form of presenting the product. Sales
promotion refers to activities that stimulate interests, trial, or purchase by
final customers. only the FIRST STATEMENT is FALSE
Changing the color of the product does not make it new. TRUE
Availability of materials is one reason why certain products are produced in
a particular area. TRUE
Service is not a product. False
Globalization is about the expansion of business operations within the
national territory. False
Customers buy a product if everybody is buying it. False
Product innovation is a factor in the staying power of the business in the
industry. TRUE
The consumers are given a list of problems with a general product category.
Problem inventory analysis
Consists of the personnel requirement, management policies, timetable,
and system design. Management study
It consists of market description, demand, supply, statistical analysis of
demand and supply, general marketing programs, projected sales and
system design. Market study
Consists of the identification of the product, the process of acquiring,
processing, and bringing the product to the point of sale. Technical study
It shows the impact of the project on the personnel, on the community, on
the environment and other beneficiaries. Socio-economic study
Projects financial data that show profitability, liquidity, and stability.
Financial plan
It deals with the identification of the place where manufacturing process
will be situated. Facility location planning
It involves the placement of departments, workstations, machines, and
inventory storage within the factory. Facility layout planning
All but one of the following are the factors to be consider in facility layout
planning. Environmental regulation
It deals with determining the specific technologies and procedures required
to produce a product or service. Process planning
31. Describes the form of ownership and lines of authority and responsibilities It 48. A group of individuals provide information in a structured format. Focus
describes market conditions and strategy related to how products and group discussions.
services will be priced, distributed and promoted. Marketing plan 49. It is the instinctive reaction of customers to buy right away. Buying at first
32. It involves the determination of how much will be the cost of the product or sight
service to the customer. Product planning 50. It refers to the unforeseen situations that are beyond the control of the
33. Describes the form of ownership and lines of authority and responsibilities businessman. Fortuitous events
of the people in the organization. Organizational plan
34. It is the function of specifying work activities of an individual or group in an
organizational setting. Job planning
35. All but one of the following are the areas to be consider in job planning.
Number and volume of operations
36. Provides a complete picture or description of the products and services and
their unique features. Description of the venture
37. Discuss the proponents of the project or the owner of the project. Project
background
38. Quotation means insurance is for the account of the buyer and is not
included in the price quotation of the seller. Cost and Freight
39. Price is a quotation from the factory to the port of entry. Cost Insurance and
Freight
40. Price means that the seller's price is quoted from factory to the port of exit.
Free on Board
41. It means doing business in the local market under the name of a foreign
company. Franchising
42. It refers to agreements among countries to do business with each other.
Regional Trade Alliances
43. It refers to the act of entering into a contract with a foreign company to do
business abroad or within the country. Partnership
44. All but one of the following is an advantage of single proprietorship. Wider
source of capital
45. All but one of the following is a disadvantage of partnership. Subject to
more governmental requirements
46. A group of individuals meet, and they stimulate each other through
freewheeling discussions. Brainstorming
47. It is a method for obtaining new ideas focusing on certain parameters.
Creative problem solving