QUIZ # 01

BUSINESS ENTERPRISE
SIMULATION
 MULTIPLE CHOICE

Direction: Read each

statement carefully. Choose
the letter of the correct answer.

2
1. The simplest form of business that requires
minimal documents and/or requirements.

a. Business enterprise simulation

b. Sole proprietorship
c. Merchandising Business
d. Service Business
3
2. The business under this category purchase
products and sell the same at the higher price
without changing the form of the products.

a. Sole proprietorship
b. Service Business
c. Social Entrepreneurship
d. Merchandising Business
4
3. The process of producing goods and
services and selling them to those who desires
them.

a. Business enterprise simulation

b. Service business
c. Business
d. Business Idea
5
4. The ability to design, form, or do
something in new different way.

a. Creativity
b. Brainstorming
c. Hobbies/Interest
d. Personal skills
6
5. It is a plan, suggestion, or a possible course of
action and a starting point for any current or future
entrepreneurs.

a. Business
b. Business Idea
c. Business Plan
d. Business Simulation
6. The end point of all the learnings that the students
have gained from all the specialized subjects of
Accountancy, Business, and Management (ABM).

a. Business
b. Business Idea
c. Business Plan
d. Business Simulation
7. In this business, the entrepreneurs develop, fund,
and implement solutions to social, cultural, or
environmental issues.

a. Sole proprietorship
b. Service Business
c. Social Entrepreneurship
d. Merchandising Business
8. It offers merchandise with no physical form like
skills, field of expertise, and consultancy.

a. Production or manufacturing
b. Service Business
c. Personal skills/experience
d. Merchandising Business
9. The following are the examples of sole
proprietorship EXCEPT:

a. Production/ Manufactures
b. Service Business
c. Social Entrepreneurship
d. Merchandising Business
 ENUMERATION
10-14. Give at least five (5)
reasons why you should
generate ideas.
 ENUMERATION

15-20. Give at least six (6)

sources of business ideas.