a.large business c.small business b.medium business d.micro business 2.Business owned and operated by a single person, two business partners or a corporation. a.large business c.small business b.medium business d.micro business 3.Persons engaged in selling goods and services a.entrepreneur c.owner b.business people d.traders 4.An enterprise manage by its owner a.large business c.small business b.micro business d.medium business 5.A feature of a small business enterprise a.personalized services c.public service b.greater capital d.lesser work 6.Manager of a small business a.owner c.small business b.entrepreneur d.businessmen 7.The ability to create something new, or to think of new ways of doing things. a.discovery c.innovation b.invention d.restoration 8.Refers to seed money, equipment, machines and materials a.capital c. supply b.demand d.liability 9.Expertise in business management and operation a.creativity c. innovativeness b.entrepreneurial d.salesmanship 10.President of various business enterprises and that manufactures of passenger jeeps. a.Leonardo Sarao c.Leonardo da Vinci b.Leonardo Leonardo d.Leonardo Madrazo 11.Part of the national budget comes from taxes paid by _________. a.wealthy families c.entrepreneurs b.poor families d.foreigners 12.______________helps solve unemployment among the people. a.innovators c. business management b.inventors d.business enterprise 13.It exist at all times, because people need goods and services to survive. a.demand c.business needs b.business opportunities d.supply 14.Factor in searching for business opportunities that ask: What products are in demand? a.the need of the community c.available resources b.skills and interests d.market 15.Factor in searching for business opportunities that ask: Do you have money for capital? a.the need of the community c.available resources b.skills and interests d.market 16.Factor in searching for business opportunities that ask: Does the particular business activity meet your interest? a.skills and interests c.available resources b.the need of the community d.market 17.Factor in searching for business opportunities that ask: Who will buy your products? a.market c.suppliers of raw materials b.manpower d.technology 18.Factor in searching for business opportunities that ask: Are materials always available? a.suppliers of raw materials c.market b.manpower d.technology 19.Factor in searching for business opportunities that ask: Are expert workers available? a.suppliers of raw materials c.market b.manpower d.technology 20.Factor in searching for business opportunities that ask: Is your product or service new or improved? a.suppliers of raw materials c.market b.technology d.manpower 21.Includes all activities relating to the sale of goods and services direct to consumers. a.wholesaling c.retailing b.selling d.buying 22.The link between the producers and consumers. a.retailer c.wholesaler a.buyerc. seller 23.An activity concerned with obtaining the right kind of goods in the right amount, at the right time, at the right price and, from the right source. a. purchasing c.retailing b.buying d.selling 24.The value that a retailer sets for the article for sale. It is the amount of money paid for goods or services. a.ceiling c.price b.mark-up d.sales 25.Margin of diference between cost price and selling price. a.selling price c.mark-down c.c.o.d. d.mark-up 26.Checking the quantity and quality of merchandise purchased. a.mark-up c.receiving b.purchasing d.price 27.An activity concerned with obtaining food of the right kind, at the right price from the right source. a.mark-up b.receiving b.purchasing d.price 28.Requires wise purchasing, vigilant checking, proper storage of goods, and reasonable pricing. a.wholesaling c.pricing b.purchasing d.retailing 29.This sales type requires the customers to pay for cash for the goods he/she buys and store delivers the goods to his/her home. a.Cash-Send or Cash Deliver Sale c.Cash-Take-Sale b.Charge-Send or Charge-Deliver d.Charge-Take-Sale 30.The customer pays for the goods and takes these homes with him/her. a.Cash-Send or Cash Deliver Sale c.Cash-Take-Sale b.Charge-Send or Charge-Deliver d.Charge-Take-Sale 31.The goods are charged to the customer and then deliver to his/her home. a.Charge-Send or Charge-Deliver c.Cash-Take-Sale b.Cash-Send or Cash Deliver Sale d.Charge-Take-Sale 32.The customer takes home the merchandise that has been charged to him/her. a.Charge-Take-Sale c. Cash-Take-Sale b.Cash-Send or Cash Deliver Sale d.Cash-Send or Cash Deliver Sale 33.Upon delivery of the merchandise to his/her home the customer pays cash for it. a.Lay-Away or Will-Call Sale c.C.O.D. Sale b.Installment Sale d.Part-Cash-Part Charge Sale 34.The customer and the storeowner agree that a certain amount be paid on a specifed date until the merchandise is fully paid. a.Lay-Away or Will-Call Sale c.C.O.D. Sale b.Installment Sale d.Part-Cash-Part Charge Sale 35.This type of sale requires the customer to order a merchandise and request the store to lay-it away until he/she calls for it at the near future. The customer makes a deposit, and the store agrees to hold the merchandise for a specifed period of time. a.Part-Cash-Part Charge Sale c.C.O.D. Sale b.Installment Sale d.Lay-Away or Will-Call Sale 36.A part of the amount of the merchandise is paid in cash by the customer, and the rest of the amount is charged to his/her account. a.Part-Cash-Part Charge Sale c.C.O.D. Sale b.Installment Sale d.Lay-Away or Will-Call Sale 37.Production of goods and services. a.manufacturing b.retailing b.wholesaling d.purchasing 38.Activities/benefts ofered for sale. a.services c.installment b.retailing d.wholesaling 39.Anyone who engages in entrepreneurial activities/enterprises. a.entrepreneur c.services b.entrepreneurship d.retailing 40.Customer and storeowner agreement on the amount to be paid by the customer to the latter on specifed dates. a.selling price c.mark-up b.installment d.mark-down 41.Customer pays for the merchandise upon its delivery to him/her. a.c.o.d. c.mark-up b.mark-down d. installment 42.Manufacturing activity that has a continuous production. a.Continuous Manufacturing or Flow Shop c.Intermittent Manufacturing b.Batch Manufacturing d.Project Manufacturing 43.Manufacturing activity that is characterized by a drop out in production for a certain period of time. a.Continuous Manufacturing or Flow Shop c.Batch Manufacturing b.Intermittent Manufacturing or Job Ordersd.Project Manufacturing 44.Manufacturing activity that falls midway between continuous fow and the job order type. a.Flow Shop c.Project Manufacturing b.Job Orders d.Batch Manufacturing 45.The products are brought to it instead of the products moving from one area to another. a.Project Manufacturing c.Flow Shop b.Batch Manufacturing d.Job Order 46.The creation of goods, services or utility. a.utility c.manufacturing b.manufacturer d.processing 47.Means satisfying human wants and needs. a.utility c.manufacturing b.manufacturer d.processing 48.The process of converting raw materials into products, where the entrepreneur leads production. a.manufacturer c.processing c.manufacturing d.utility 49.Is developed through factors that infuence the person. Allowing the person freedome to express his/her own ideas and to try these out. a.innovative c.creativity b.decisiveness d.optimism 50.A conducive setting which includes natural resources and location. a.land c.labor b.demand d.capital 51.Refers to seed money, equipment, machines, and materials. a.land c.capital b.demand d.labor 52.The extent of the current need for the product. a. demand c.capital b.labor d.entrepreneurial skills 53.Occupational and managerial capabilities. a.demand c.entrepreneurial skills b.labor d.capital 54.The product currently needed in the community is a.in demand c.oversupply of products b.wanted only by a few d.adequate supply 55.Pertains to the physical and mental tasks and eforts of workers a.capital c.labor b.demand d. supply 56.Refers to activities an individual performs for other people for which he/she is paid. a.labor c.services b.capital d.demand 57.Extent to which people patronize a product. a.good location c.human resources b.market demand d.capital 58.Site of business enterprise. a.good location c.human resources b.market demand d.capital 59.Talents, skills and diligence of people. a.good location c.human resources b.market demand d.capital 60.The most important factor in choosing a business enterprise. The kind of enterprise, its size, location and operation depend upon the availability of funds. a.good location c.current business trends b.market demand d.capital 61.Current demand of the people. a.current business trends c.human resources b.market demand d.capital 62.The frst step in entrepreneurial activity. a.planning c.stafng b.directing d.organizing 63.In planning you have to determine what you want to achieve in putting-up a business in order to give direction to your actions. a.establish your goals c.determine your capital b.study your market d.analyze your managerial skills 64.In planning you have to know how much money or funds you have for your business plan. a.establish your goals c. study your market b.determine your capital d.analyze your managerial skills 65.You need to determine the buying capacity of your customer. a.establish your goals c.analyze your managerial skills b.study your market d.determine your capital 66.You must determine your knowledge to handle business records and transactions. a.analyze your managerial skills c.determine your capital b.establish your goals d.study your market 67.Determining what is to be done or what business to put up. a.planning c.organizing b.stafng d.directing 68.Deciding on procedures to be implemented. What tasks to perform and how to accomplish them. a.plannning c.organizing b.stafng d.directing 69.Employing qualifed persons to assist in the business operation. a.stafng c.organizing b.planning d.directing 70.Guiding people in the implementation of the plan through direct supervision, orientation and development programs. a.stafng c.directing b.planning d.organizing 71.Assessing the fow of the business, to fnd out whether it is making good or not. a.stafng c.evaluating b.planning d.directing 72.In choosing the best location for your business: it should be near the source of supply. a.cost of labor c.accessibility b.reliability of transportation facilities d.availability of water and waste disposal facilities 73.In choosing the best location for your business: it should be near the source of supply. a.cost of labor c.reliability of transportation facilities b.accessibility d.availability of water and waste disposal facilities 74.In choosing the best location for your business: it should be near the source of supply. a.reliability of transportation facilities c.accessibility b.cost of labor d.availability of water and waste disposal facilities 75.In choosing the best location for your business: it should be near the source of supply. a.cost of labor c.accessibility b.reliability of transportation facilities d.availability of water and waste disposal facilities 76.The recording and reporting of all business transactions for easy reference and for use in making future business decisions. a.bookkeeping c.accounting b.management d.recording 77.A typewriter with bigger print a.pica c.bica b.elite d.delite 78.A typewriter with a center point of 50 on the scale and with small print. a.pica c.bica b. elite d. delite 79.The key or lever used to return the carriage to the right and start a new line. a.carriage return c.left carriage release b.platen d.paper guide 80.The lever at an end which allows the carriage to be moved by hand. a.carriage return c.left carriage release b.cylinder knob d.paper guide 81.A handle on both ends of the cylinder a.cylinder knob c.paper guide b.regulator d.card holder 82.A lever that controls space between lines a.paper bail c.paper guide b.regulator d.card holder 83.A rubber roller which makes the paper move around. a.paper bail c.paper guide b.platen or cylinder d.card holder 84.The blade against which the paper is placed. a.paper bail c.carriage b.paper guide d.card holder 85.The part where cards and envelops are pressed close to the cylinder. a.paper bail c.paper guide b.regulator d.card holder 86.The key lever or button that is used to adjust the margin setting. a.paper bail c.paper guide b.regulator d.margin stop 87.It indicates the scale point where the machine is ready to print. a.cylinder c.paper guide b.printing point indicator d.card holder 88.Adjust the paper to the cylinder. a.paper bail c.paper guide b.regulator d.card holder 89.Loosens the paper to straighten or remove it from the printer. a.paper bail c.paper release b.regulator d.card holder 90.The lever on the right that frees the carriage so it can be removed. a.paper release c.paper guide b.carriage release d.card holder 91.The top moving part that carries paper. a.platen c.paper guide b.carriage d.card holder 92.Moves carriage one space at a time. a.paper bail c.space bar b.regulator d.back space key 93.Places the tab stop at the desired point. a.tabulator c.tab clear key b.tab set key d.card holder 94.Releases carriage to move to a point where a tab is set. a.tabulator c.tab clear key b.tab set key d.card holder 95.Advances the carriage one space at a time. a.paper bail c.space bar b.regulator d.back space key 96.Removes the tab stops at a time. a.tabulator c.tab clear key b.tab set key d.card holder 97.Unlocks the margin stop. a.margin stops c.tab clear key b.margin release d.card holder 98.Disengages the ribbon or any part of it if it has two colors. a.ribbon regulator c.ribbon tab b.ribbon color control d.ribbon holder 99.The left hand guide key a.A S D F c.J K L ; b.B S D F d.L M N 100. The right hand guide keys are a.A S D F c.J K L ; b.B S D F d.L M N 101. The qualities of a good typist. a.speed and efort c.speed and accuracy b.accuracy and efort d.mastery and speed 102. The frst mechanical device developed to help man compute. a.abacus c.step wheel machine b.rotating wheel calculator d.Mark I 103. The ______ started the use of the abacus in computing. a.Chinese c.Japanese b.Turkish d.Vietnamese 104. The French mathematician who made the rotating wheel calculator. a.Charles Babbage c.Blaise Pascal b.Gottfried Van Liebiz d.Joseph Marie Jacquard 105. The rotating wheel calculator was invented during the Process data in continuous 16th century the ____________. a.Age of Scientifc Restoration c.Age of Scientifc Renovation b.Age of Scientifc Revolution d.Age of Scientifc Resolution 106. The mechanical device that could perform all the four operations such as addition, subtraction, multiplication and division and could calculate square roots. a.step wheel machine c.rotating wheel calculator b.punch card machine d.abacus 107. The device that is used to automate weaving. a.step wheel machine c.rotating wheel calculator b.punch card machine d.abacus 108. Considered as the Father of Modern Computers. a.Charles Babbage c.Blaise Pascal b.Joseph Marie Jacquard d.Howard Aiken 109. The frst step in the development of the modern computer. a.Mark I c.ENIAC b.EDVAC d.EDSAC 110. The frst complete electronic digital computer. a.Mark I c.ENIAC b.EDVAC d.EDSAC 111. The frst computer to operate for internally stored instruction. a.Mark I c.ENIAC b.EDVAC d.EDSAC 112. Process data in continuous forms at high speed. a.large scale computer c. medium size computer b.super computers d.analog computers 113. Largest and fastest machine with a capacity of 50 million operations per second. a.large scale computer c. medium size computer b.super computers d.analog computers 114. Provide reading numbers accurately than analog computers, because they measure and represent quantities in distinct variables. a.digital computer c.medium size computer b.excel computers d.analog computers 115. Programmed to perform many functions. a.general purpose computer c.medium size computer b.special purpose computer d.analog computers 116. Capable of great operating speed, larger memory and high speed input and output devices. a.large scale computer c. medium size computer b.super computers d.analog computers 117. Performs only a specifc set of operation. a.general purpose computer c.medium size computer b.special purpose computer d.analog computers 118. Is equivalent to 1 billionth of a second. a.millisecond c.seconds b.nanosecond d.minute 119. An electronic devise designed to generate useful information through proper manipulation of data. a.digital computer c.calculator b.computer d.robots 120. The physical unit associated with computer a.hardware b.software c.microchip d.application 121. A set of instructions or programs that are created by programmers to control the computers response to user input. a.hardware b.software c.microchip d.application 122. The heart and brain of the computer a.hardware b.CPU c.primary storage d.application 123. Provides output in audio form a.hardware b.printer c.speech synthesizerd.cd 124. Supervises or monitors the activities performed by the entire computer system. a.primary storage b.control unit c.main storage d.storage 125. The memory or main storage a.primary storage b.software storagec.main storage d.storage 126. Performs arithmetical and logical operations. It is where data is manipulated. a.arithmetic logic unit b. primary storage c.primary storage d.main storage 127. Prints processed data in a form people can read. a.printer b.scanner c.monitor d.c.p.u. 128. A television which like video screen supplies what is known as soft copy, since it does not give you a permanent record. a.printer b.scanner c.monitor d.c.p.u. 129. The bridge between the computer and the user a.operating system b.computer system c. application program d.control 130. Data gathered and entered into the computer in a form acceptable to the computer. a.processing b.input c.output d.control 131. This is the stage involved in the manipulation of data or the performance of operations on the entered data, according to program or a list of instructions. a.input b.processing c.output d.control 132. The product of the processing stage. a.input b.processing c.output d.control 133. A collection of felds a.bit b.byte c.feld d.record 134. A group of bits a.fle b.byte c.databank d.bit 135. The smallest unit a.bit b.byte c.fle d.databank 136. A collection of related record a.data bank b.fle c.record d.storage 137. A collection of logically related fles a.fle b.databank c.feld d.record 138. A combination of bytes a.bit b.byte c.feld d.record 139. A computer is an _______________ device designed to generate useful information. a.electrical b.electronic c.perfect d.important 140. A computer is an __________ object which needs human intervention for its operation. a.animate b.amazing c.inanimate d.useful 141. If properly manipulated, a computer can produce __________ results. a.accurate b.perfect c.correct d.incorrect 142. A computer has the capacity to produce data ______ than any type of machine. a.faster b.heavier c.important d.slower