Department of Education Score:

Capas High School

Dolores, Capas, Tarlac
Long Test

Entrepreneurship Grade – 10
Name: ________________________________________________ Gr. & Sec.: _______________________ Date:
_______________

DIRECTIONS : Read and understand the statement being described. WRITE THE CORRECT ANSWER ON THE BLANK.

1._____ is a complete process of obtaining goods and services from preparation and processing of a requisition to receipt and
approval of the invoice for payment.
2._____are intangible products that are not goods.
3. _____is a comparatively large stock of essential goods or materials, built up to withstand long holdups scarcity due to
natural calamities, strikes, or war.
Inventory is an itemized catalog or list of tangible goods or property, or the intangible attributes or qualities.
4.As an ______, you must realize that there are things that are grown like the fruits, plants, vegetables and other
natural resources.
5.Service is more______ to manage because it is a work that someone has to provide to others with satisfaction.
6._____is an approach or strategy that checks and balance resources needed in the continuous operation of the business.
7.______are stocks of goods and materials available for production or manufacturing.
8.______ refers to the step – by - step manner of operation making product from raw materials into finished outputs.
9._____ are the inventory itself in various forms.
10.f an entrepreneur is to maintain an inventory control of goods and services.
11.An_____ must have reliable data about purchasing and manufacturing.
12.______These are stockpile of materials for inputs of production. (Examples are textilein roll and threads in boxes
stocked in a warehouse for the garment industry.)
13.______These are the final outputs of production ready for delivery to the market or customers. (Examples are
bags, shoes, t-shirts, computers, calculators, books and others.)
14._____These are partially completed products requiring further processing including sets of unfinished goods
for production process. These unfinished items are for fabrication or for further processing stocked in buffer
storage. (Examples are the baby dress garments with body parts only waiting for the sleeve and collar sewing operations)
15.is not only to check physically but to list down stocks and balances on a stock card before deciding to do the
purchasing activity.
16.______It is important to declare the minimum and maximum stock of every item needed in the business operation.
17. ______of materials for inputs of production.
18. _____These are partially completed products requiring further processing including sets of unfinished goods for
production process.
19._____these are the final outputs of production ready for delivery to the market or customers.
20. Boxes of pins are _____ types of inventories.

UMBRELLA PRODUCT COMPANY

STOCK

(Individual/Per Item)

Stock Card No. Min. Stock Supplier:

Item: UMBRELLA Max. Stock
+ Deliveries - Withdrawals BALANCE SELLING
Date (qty./units) (qty./units) (qty./units) PRICE MARK UP TOTAL SALES REPEAT
ORDER
3/10/23 100 PCS. 98 PCS. 2 PCS 125.00 35.00 120PCS
3/11/23 0 125.00 50.00 200PCS.
3/12/23 20 125.00 35.00 150PCS.
3/13/23 6 125.00 45.00 175PCS.
3/14/23 0 135.00 50.00 250 PCS.
3/15/23 15 150.00 25.00
TOTAL SALES IN SIX DAYS

II. Directions: Let us find out how much you already know about production cost and pricing of products or services. Answer
the questions below honestly and UNDERLINE the correct answer.

1. Things or products like apple, cucumber, carrots, tomatoes and corn are examples of what products?
 a. grown products
b. manufactured products
c. processed products
2. The dresses we have, bags we use and shoes we wear, are examples of what products?
a. grown products
b. manufactured products
c. processed products
3. Maximized use of the natural resources, nurturing entrepreneurial skills of the Filipino people and additional income
of the government through tax collection are examples of what in purchasing activity?
a. benefits of purchasing activity
b. factors in purchasing goods and services
c. guidelines in purchasing process
4. Assessing the profile of the producers and customers and checking the track record of the suppliers are examples of
what in purchasing activity?
a. benefits of purchasing activity
b. factors in purchasing goods and services
c. guidelines in purchasing process
5. These are stock files of materials for the inputs of production.
a. finished-goods-inventory
b. raw-materials-inventory
c. work-in-process inventory
6. These are partially completed products requiring further processing including sets of unfinished goods for production
process.
a. finished-goods-inventory
b. raw-materials-inventory
c. work-in-process inventory
8. Stock card #1 has information and data that are categorized in what cluster of items?
a. collective
b. group
c. individual
9. Stock card #2 has information and data that are categorized in what cluster of items?
a. collective
b. group
c. individual
10. When you need to purchase or avail of goods and services without the need to leave the country, how do you classify
these resources?
a. export resources
b. imported resources
c. local resources
IV.MATCH COLUMN A TO COLUMN B.WRITE THE LETTER OF THE CORECT ANSWER ON THE BLANKS.
A B
• study the profile of the local producers A. DESCRIPTION
• research on the daily average consumption of the customers B. AVAILABILITY
• know your customers C. PERFORMANCE/HISTORY
• find out the right place to buy D. USED /UTILIZED
• determine how much to procure E. STUDY/EVALUATE
• check the track record of each supplier F. LOCATION
• get the behavior of the patrons towards the products and services G. ITEMIZED/COSTING
ensure the sustainability of the items H. REACTION/CUSTOMER

V. ENUMERATE THE 5 BENEFITS IN PURCHASING OUR OWN PRODUCTS.

Prepared by:
VIRGINIA C. ABANILLA
TeacherIII