PARALLEL ASSESSMENT

ENTREPRENEURSHIP
Quarter 2 – POST TEST
Module 6 - 7

Name: _____________________________________________________________ Score: _____________________

Year & Section: _____________________________________________________ Date: ______________________

I. MULTIPLE CHOICE
Answer the questions below. Write your correct answer on the space provided.

_____1. Which of the following refers to the human workforce involved in the manufacture of products?
A. Materials B. Method C. Machine D. Manpower
_____2. The 4M’s of production are as follows except ONE. Which one is it?
A. Management B. Manpower C. Method D. Machine
_____3. It represents the final products from the production process and distributed to the customers.
A. Input B. Supplies C. Output D. Materials
_____4. Which of the following refers to the manufacturing equipment used in the production of goods or delivery of services?
A. Machine B. Manpower C. Method D. Materials
_____5. It refers to the process or technique of converting raw materials to finished products.
A. Machine B. Manpower C. Method D. Materials
_____6. It simply refers to the raw materials needed in the production of a product.
A. Machine B. Manpower C. Method D. Materials
_____7. Statement I - Skills and expertise are not important in considering manpower.
Statement II - Benefits are the reasons why customers will decide to buy the products.
A. Only Statement I is true. C. Both Statements are true.
B. Only Statement II is true. D. Both Statements are false.
_____8. Statement I - Educational qualifications and experience is one of the criteria in considering manpower.
Statement II - Product to produce is one of the factors to be considered in method or production method.
A. Only Statement I is true. C. Both Statements are true.
B. Only Statement II is true. D. Both Statements are false.
_____9. Statement I - In selecting the type of equipment to purchase, the entrepreneur may consider cost and capacity of the
equipment.
Statement II - The purpose of a product description is to supply customers through details around the features and benefits
of the product.
A. Only Statement I is true. C. Both Statements are true.
B. Only Statement II is true. D. Both Statements are false.
_____10. This refers to the amount added to the cost of a product to determine the selling price.
a. Revenue b. Cost c. Mark Up d. Mark Down
_____11. The selling price of an item or merchandise is computed by adding cost per unit and __________?
a. revenue b. mark up c. discount d. number of Items
_____12. It is the result when sales exceed the cost to produce goods or render services.
a. Forecasting b. Selling c. Revenue d. Benchmarking
_____13. This refers to costs incurred through payment of utilities such as electricity and water.
a. Revenue b. Operating expenses c. Mark-up d. Free
_____14. It is the result when cost to produce goods or render services is greater than the sales.
a. Selling b. Revenue c. Benchmarking d. Loss
_____15. Jean purchased 5 baskets for P 30.00 each. According to her calculation, P 10.00 shall be added to the cost as mark-up.
How much is the selling price of each basket?
a. 35.00 b. 40.00 c. 50.00 d. 60.00
_____16. Aling Marta sells bibingka in her neighborhood, every day she can sell 45 pieces of bibingka at 20 pesos each. How much
is her daily revenue?
a. 900.00 b. 450.00 c. 800.00 d. 1000.00
 _____17. Mang Berting is a fruit vendor selling at the local public market. He gets his mangoes from a supplier at 25 pesos per kilo
and sells it at 45 pesos per kilo to his customers. How much mark-up is Mang Berting adding to his selling price?
a. 25.00 b. 30.00 c. 15.00 d. 20.00
_____18. Aling Elvie sells t-shirt at 175.00 pesos each. If each t-shirt costs 135.00 pesos, how much is the mark-up?
a. 30.00 b. 45.00 c. 40.00 d. 50.00
_____19. Mang Lito sold 5 pairs of slippers. Suppose Mang Lito purchased the 5 pairs of slippers at P 30.00 each and pays P120.00
freight. Calculate how much is the cost of goods sold?
a. 220.00 b. 420.00 c. 270.00 d. 200.00

II. Compute the Projected revenue by day, month and year based on your business concept. Show your solution.

Erze is operating a buy and sell business, she sells water container in her stall at a local market. She gets her water container from a
local supplier for 35 pesos each. She then adds 50 percent mark-up on each water container. Every day, Erze can sell 40 water container.

Table 1
Projected Daily Revenue
Name of Business ___________________________
Projected Projected
Volume Revenue
Cost Mark-up Selling (D) (E)
per _____% Price Average
Merchandise/ Unit (B) (C) No. of
Products (A) Items Sold (Daily)
(Daily)

(A) (B)= (A x .50) (C)= (A + B) (D) (E)= (C x D)

Total
 Table 2
Projected Monthly and Yearly Revenue
Name of Business ___________________________

Projected Projected Projected Projected

Selling Volume Revenue Volume Revenue
Price Average No. of Average No. of
Merchandise/ Items Sold Items Sold
Products (Monthly) (Monthly) (Yearly) (Yearly)

(C)= (A + B) F= (D x 30 days) G= (C x F) H= (D x 365 days) I= (C x H)

Total

Table 3
Projected Monthly Revenue
Name of Business ___________________________
Month January February March April May June

Revenue

Month July August September October November December

Revenue

Note: Use the following assumed increases in sales every month. From January to May, 5 per cent increase from previous sales. For
the month of June, 10 per cent increase from previous sales. For the months July to December, record the same sales every month.

“Commit thy way unto the LORD; trust also in him; and he shall bring it to pass.”
Psalms 37:5

Prepared by: Ma’am ERZELENE B. BALSAMO