1) In the entrepreneurial world, new ideas and opportunities are evolving.

What is the ability to create new things,

invest in new enterprises and expand business?

a. Creativity

b. Entrepreneurship

c. Manufacturing

d. Producing

2) Alvin has transferred to a new locality. He observed that there is an opportunity for him to put up his own business
since he has enough capital and very much interested to the idea. Which of these factors must he possess so that he will
not rely on the services of the employees?

a. Markets

b. Manpower

c. Supply of resources

d. Knowledge/Skills

3) Management functions and principles play a very critical role in running a business. What principle of planning
specifies that the objectives of an entrepreneur should match the needs of the society?

a. must be realistic

b. must be based on felt needs

c. must focus on dealing with a crisis

d. must start with a simple project

4) Entrepreneurs use various management tools to succeed in a business. What management tool is used to analyze
business opportunities?

a. Environmental scanning

b. Market study

c. Market survey

d. SWOT

5) When an entrepreneur communicates with people through interviews, observations and advertisement on what is
new, what entrepreneurial activity does he/she engage?

a. Statistical study

b. Marketing study

c. Entrepreneurial scanning

d. Environmental scanning

6) There are P's in preparing market research. Which P in marketing is designed to communicate the product to
customers?
a. Place

b. Price

c. People

d. Promotion

7) The site of the business enterprise is one of the requirements of entrepreneurship. Which of the following is the most
important in choosing the best location for the business?

a. access to supplies and raw materials

b. clean, decent and peaceful environment

c. less competitors in the area

d. enough capital to pay space rental

😎 Which term refers to people, institutions or organizations for whom the business is designed?

a. sample

b. population

c. market

d. society

9) Which one is not included in planning a business?

a. how and when to do it

b. how to increase profits

c. what to expect in the future

d. what to do

10) What is the benefit of business planning wherein the entrepreneur determines whether the business is profitable or
not?

a. minimize cost production

b. detect the weakness of the business

c. eliminate business risk

d. estimate sales

11) What is thinking ahead of objectives, strategies, financing, production, marketing, profit proposal and growth
facilities?

a. forecasting

b. managing

c. planning

d. projecting
12) Business enterprises should operate in a dynamic environment in order to survive. What kind of environment
includes technological, social and ethical/political factors?

a. Macro environment

b. Micro environment

c. Technological environment

d. Social environment

13) Mr. Silva purchased a right to operate an already established business, what type of retail ownership is it?

a. Corporate

b. Franchise

c. Independent

d. Single-store-ownership

14) Who among the following is the principal actor of the production?

a. Entrepreneur

b. Customer

c. Production manager

d. Worker

15) These are the perishable tangible used in the production process.

a. Financial resources

b. Human resources

c. Information resources

d. Material resources

16) Which method of establishing a business starts from scratch?

a. buy-out

b. franchising

c. loan

d. start-up

17) What brief description of the market describes the buyers and users of the product and the area of dispersion?

a. market analysis

b. market dispersion

c. marketing

d. market study

18) It is a type of organization wherein a superior delegates authority to a subordinate.

a. committee type

b. functional type

c. line type

d. line and staff type

19) Which is one disadvantage of a functional type of organization?

a. Morale is likely to be low when discipline is weak.

b. Each manager is supreme in his own field.

c. It is difficult to secure executives and superiors with an all around knowledge.

d. There is greater flexibility.

20) What type of product, as designed, produced and marketed by the seller?

a. Licensed brand

b. National brand

c. Private label brand

d. Trademark

21) Which of the following is the correct definition of the term "entrepreneur"? A person who ________.

a. pursues opportunity without regard to resources

b. starts a new business with the aim of making a profit

c. seeks to create value for local communities, people or customer by starting new ventures which exploit new
products, processes or markets.

d. seeks to generate value through creation or expansion of economic activity, by identifying and exploiting new
products, processes or markets

22) Which of the following skills are NOT needed by an entrepreneur?

a. Technical skills

b. Personal entrepreneurial skills

c. Working skills

d. Business management skills

23) Which of the following statement is INAPPROPRIATE in starting a business?

a. Study the concepts and principles of entrepreneurial skills.

b. Cope with failures of the business.

c. Undergo training on entrepreneurial skills.

d. Know what characteristics are needed to become an entrepreneur.

24) Which of the following is NOT a source of fund for Mr. Fajardo's future business?

a. Seek assistance from Central Bank of the Philippines.

b. Borrow money from friends and relatives.

c. Avail of the government program on financing micro-macro business.

d. Use part of her retirement benefit.

25) If her business idea is a boutique, what quality of a future entrepreneur is INAPPROPRIATE?

a. Relaxed

b. Hard worker

c. Risk taker

d. Innovative

26) Which of the following is NOT a characteristic of an entrepreneur?

a. Coping with failure

b. Irritated

c. Opportunity seeker

d. Persistent

27) Which among these characteristics of an entrepreneur is UNDESIRABLE?

a. Opportunity seeker

b. Goal setter

c. Futuristic

d. Impassive

28) Which of the following is a primary cause of failure in small business?

a. Poor financial control

b. Poor location

c. Management mistakes

d. Improper inventory control

29) Which of these traits gets an entrepreneur off of his feet and puts him into action, turning daydream into reality?

a. Perseverance

b. Ambition

c. Creativity

d. Enthusiasm

30) Which entrepreneurial trait gives an entrepreneur a positive outlook in life which gives the energy to pursue his
endeavors?

a. Perseverance

b. Ambition
c. Creativity

d. Enthusiasm

31) Which trait is an entrepreneur able to withstand the troubles that come with a starting business?

a. Perseverance

b. Ambition

c. Creativity

d. Enthusiasm

32) What is the general function of marketing, involves the physical meeting point for buyers and sellers at the point of
production or via some other means of communication?

a. Specific functions

b. Exchange functions

c. Physical functions

d. Facilitating functions

33) Which type of marketing functions, enables the actual flow of commodities through space and time from producer
to consumer and their transformation to a form desirable function to the consumers?

a. Specific functions

b. Exchange functions

c. Physical functions

d. Facilitating functions

34) From a social viewpoint, which of the following statements about marketing objective is NOT true?

a. Assist in the efficient allocation of resources.

b. Create wealth and promote economic growth.

c. Improve income distribution among different sectors of the economy.

d. Maintain instability of supply and demand for marketed goods.

35) Which is considered a vehicle for informing target market about the enterprise and the products or services?

a. Product

b. Price

c. Place

d. Promotion

36) At what stage of marketing effort does an entrepreneur concentrate on targeting a new market of buyers and taking
market share from competitors by price cutting or relaunching the product?

a. Introduction

b. Growth
c. Maturity

d. Decline

37) Which of the following is NOT appropriate in running a small-scale business?

a. Keeping clear records

b. Verifying profit and loss

c. Managing cash flow

d. Distribution channel

38) Which marketing channel operates with capital owned directly by the operators and their partners, or in some cases
by shareholders?

a. Cooperatives

b. Independent, locally based private enterprise

c. Marketing boards and other state enterprises

d. Transnational companies

39) At which stage of a product life cycle must an entrepreneur decide whether he wants to try to rejuvenate the
product by investing in development and aggressive marketing or to quietly admit defeat and exit the market?

a. Introduction

b. Growth

c. Maturity

d. Decline

40) A marketing mix that can have both tangible and intangible aspects and is the thing you offer to satisfy your
customers' wants and needs is ________.

a. Product

b. Packaging

c. Price

d. Promotion

41) Which is considered to be the best way to assess entrepreneurial projects or business ventures?

a. Environmental analysis

b. SWOT analysis

c. Competitor analysis

d. PEST analysis

42) An analysis that provides the details for opportunities and threats of a business to make better decisions regarding
marketing plan is termed ________.

a. Environmental analysis
b. SWOT analysis

c. Competitor analysis

d. PEST analysis

43) The acronym SWOT stands for:

a. Strengths-Weaknesses-Options-Testing

b. Strengths-Weaknesses-Opportunities-Testing

c. Strengths-Weaknesses-Options-Threats

d. Strengths-Weaknesses-Opportunities-Threats

44) Which question is asked at the first stage in the marketing planning process of an enterprise?

a. Where are we now?

b. Where are we heading?

c. Are we on course?

d. Where would we like to be?

45) Which of these stages is the final stage in the marketing planning process flow chart?

a. Control

b. Marketing planning mix

c. Setting marketing objectives

d. Setting the product price

46) An entrepreneur might select a target market probably because the target market ________.

a. is attractive to the business and matches its supply capabilities

b. is large and well-served with existing products

c. is fully understood by the entrepreneur

d. has a proven track record for buying product

47) A carefully thought structured formal commercial report that is extraordinary well documented and clearly written
to safeguard any wastage of further investment project is called ________.

a. Portfolio

b. Business plan

c. Resume

d. Feasibility study

48) Which is considered as a comprehensive and effective blueprint to guide an entrepreneur in a business venture?

a. Resume

b. Portfolio
c. Business plan

d. Insurance plan

ANSWERS:

1. B

2. D

3. B

4. D

5. B

6. D

7. A

8. C

9. B

10. C

11. C

12. A

13. B

14. C

15. D

16. D

17. D

18. C

19. A

20. C

21. C

22. C

23. B

24. A

25. A

26. B

27. D

28. B

29. B
30. D

31. A

32. B

33. C

34. D

35. C

36. C

37. C

38. B

39. D

40. A

41. B

42. D

43. D

44. A

45. A

46. A

47. D

48. C

1. What is the primary opportunity that exists for startups in emerging industries?

a. Consolidating the industry and establish industry leadership as a result of doing so

b. Winning customers by placing an emphasis on service and process innovation

c. Pursuing a niche strategy that focuses on a narrow segment of the industry

d. Capturing a first-mover advantage

2. Which of the following are the main components of an industry/target market feasibility analysis?
a. Industry status and target market status

b. Industry attractiveness and target market attractiveness

c. Industry sufficiency and target market demand

d. Industry attractiveness and product/service demand

3. The majority of Americans work for

a. individual franchises

b. small businesses

c. large corporations

d. sole proprietorships

4. What are the two types of disruptive business models?

a. High-end and low-end

b. New-product and new-market

c. New-market and low-end

d. New-channel and high-quality

5. __________ research consists of data that has been collected by the person completing the

analysis. __________ research uses data that has been collected previously.

a. Secondary, Primary

b. Primary, Secondary

c. Indirect, Direct

d. Direct, Indirect

6. The most essential role of the executive summary in the business plan is to

a. describe the company’s goals in detail

b. explain the business plan’s objectives in detail

c. identify the means by which company performance will be measured

d. attract investors

7. Which form of business organization combines the advantages of a partnership and a C

corporation?

a. Subchapter S corporation

b. Limited partnership

c. General partnership

d. Sole proprietorship

8. The price of prescription medicine is high, partly because when someone is sick there is no real
alternative to buying medicine. Which of Porter's Five Forces explains how this aspect of the

prescription medicine industry helps keep its profitability high?

a. Rivalry among existing firms

b. Threat of new entrants

c. Threat of substitutes

d. Bargaining power of buyers

9. _________ costs remain the same despite the volume of goods or services produced.

_________ costs vary proportionally with the volume of goods or services provided.

a. Expense; Non-standard

b. Standard; Non-Standard

c. Fixed; Variable

d. Non-Standard; Standard

10. Which type of business plan is intended as the blueprint of a company's activities and is directed

to an internal audience?

a. Operational

b. Full

c. Summary

d. Tactical

11. A ________ partnership is a modified form of a general partnership.

a. joint

b. limited

c. partial

d. mutual

12. Which section of the business plan focuses on the specific segment or target market of an

industry to which the firm will try to appeal?

a. Current status

b. Market analysis

c. Company summary

d. Operations plan

13. A(n) ________ director on a board of directors is NOT employed by the firm.

a. outside

b. inside
c. external

d. impartial

14. What are the primary financial objectives of any firm?

a. Efficiency, effectiveness, strength, and flexibility

b. Efficiency, effectiveness, power, and success

c. Liquidity, control, effectiveness, and power

d. Liquidity, profitability, efficiency, and stability

15. Which type of financial statement projects the firm's financial situation in the future based on

current trends and assumptions?

a. Chronological

b. Pro forma

c. Concurrent

d. Historical

16. The statement of cash flows is divided into ____________activities.

a. profitability, stability, and investing

b. stability, earning, and financing

c. pending, earning, and capital

d. operating, investing, and financing

17. The difference between sales revenue and cost of goods sold is known as the

a. net profit

b. debt

c. break-even point

d. gross profit or gross margin

18. The most common way to compute the cost of sales is to use the percent-of-sales method, which

expresses each expense item as a percentage of

a. net sales

b. gross profit

c. net income

d. operating income

19. What are the primary reasons that startups need funding?

a. Cash flow challenges, capital investments, and lengthy product development cycles

b. Business research, cash flow challenges, and costs associated with building a brand
c. Bonuses for members of the new venture team, legal fees, and lengthy product

development cycles

d. Attorney fees, capital investments, and marketing research

20. An entrepreneur who starts a business without external funding is utilizing a technique referred to

as

a. networking

b. capitalizing

c. prospecting

d. bootstrapping

21. The 4 P's of a firm's marketing mix consists of

a. product, price, promotion, and place

b. passion, pride, principle, and premium

c. parity, passion, product, and pay

d. place, promotion, passion, and performance

22. Value-based pricing takes a ________-oriented approach.

a. product

b. company

c. customer

d. cost

23. What are the three types of patents?

a. Manufacturing; process; plant

b. Usefulness; purpose; genetic

c. Explicit; implicit; plant

d. Utility; design; plant

24. A ________ franchise is an arrangement in which the franchisor grants to the franchisee the right

to buy its products and use its trade name.

a. product and trademark

b. product extension

c. business format

d. production plus

25. Companies often falter because the founders can't adjust quickly enough to their new roles and

because the firm lacks a "track record" with outside buyers and sellers. This is referred to as the
a. innovator's affliction

b. creator's dilemma

c. liability of newness

d. burden of inexperience

ANSWERS TO SAMPLE QUESTIONS

Multiple-choice questions

1. (d)

2. (c)

3. (b)

4. (c)

5. (b)

6. (d)

7. (b)

8. (c)

9. (c)

10. (a)

11. (b)

12. (b)

13. (a)

14. (d)

15. (b)

16. (d)

17. (d)

18. (a)

19. (a)

20. (d)

21. (a)

22. (c)

23. (d)

24. (a)

25. (c)
1. Which of the following is the correct definition of the term “entrepreneur”?

A person who _____ .

A. pursues opportunity without regard to resources

B. starts a new business with the aim of making profit

C. seeks to create value for local communities, people or customers by starting new

ventures which exploit new products, processes or markets

D. seeks to generate value through creation or expansion of economic activity, by

identifying and exploiting new products, processes or markets

ANS: C

2. Which of the following skills are NOT needed by an entrepreneur?

A. Technical skills

B. Personal entrepreneurial skills

C. Working skills

D. Business management skills

ANS: C

3. Which of the following statement is INAPPROPRIATE in starting a business?

A. study the concepts and principles of entrepreneurial skills

B. Cope with failures of the business

C. Undergo training on entrepreneurial skills

D. know what characteristics are needed to become an entrepreneur

ANS: B

4. Which of the following is NOT a source of fund for Ms. Burgos future business?

A. seek assistance from central bank of the Philippines

B. borrow money from friends and relatives

C. Avail of the government program on financing micro-macro business

D. Use part of her retirement benefit.

ANS: A

5. If her business idea is a boutique, what quality of a future entrepreneur is

INAPPROPRAIATE?

A. relaxed

B. hardworker

C. Risk-taker

D. Innovative

ANS: A

6. Which of the following is NOT a characteristics of an entrepreneur?

A. coping with failure

B. Irritated

C. Opportunity Seeker

D. Persistent

ANS: B

7. Which among these characteristic of an entrepreneur?

A. Coping with failure

B. Goal setter

C. Futuristic

D. Impassive

ANS: D

8. Which of the following is a primary cause of failure in small businesses?

A. Poor financial control

B. Poor location

C. Management mistakes

D. Improper inventory control

ANS:B

9. Which these traits gets an entrepreneur off of his/her feet and puts him/her into action

turning daydreams into reality?

A. Perseverance

B. Ambition

C. Creativity
D. Enthusiasm

ANS: D

10. Which entrepreneurial traits gives an entrepreneur a positive outlook in life which

gives the energy to pursue his/her endeavors?

A. Perseverance

B. Ambition

C. Creativity

D. Enthusiasm

ANS: E

11. With which trait is an entrepreneur able to withstand the troubles that come with a

starting business?

A. Perseverance

B. Ambition

C. Creativity

D. Enthusiasm

AN: A

12. Which general function or market involves the physical meeting point for buyers and

seller at the point of production or via some other means of m communication?

A. Specific functions

B. Exchange functions

C. Physical functions

D. Facilitating functions

ANS: B

13. Which types of marketing functions enables the actual flow of commodities through

space and time producers to consumer and their transformation to desirable to the

consumer?

A. Specific functions

B. Exchange functions

C. Physical functions

D. Facilitating functions

ANS: C
14. From a societal view point, which of the following statements about marketing

objective is NOT true?

A. Assist in the efficient allocation of resources

B. create wealth and promote economic growth

C. improve income distribution among different sectors of the economy

D. Maintain instability of supply and demand for marketed goods

ANS: D

15. Which is considered a vehicle for information target market about the

enterprise and the products or services?

A. Product

B. Price

C. Place

D. Promotion

ANS: C

16. At the stage of marketing effort does an entrepreneur concentrate on targeting a

new market of buyer and talking market share from competitions by price cutting or

relaunching the product?

A. introduction

B. growth

C. place

D. Decline

ANS: C

17. Which of the following is NOT appropriate in running a small-scale business?

A. keeping clear records

B. verifying profit and loss

C. Managing cash flow

D. Distribution channel

ANS: C

18. Which marketing channel operates with capital owned directly by the operators and

their partners. Or in some cases by shareholders?

A. Co-operatives
B. Independent, locally-based private enterprise

C. Marketing board and other state enterprises

D. Transitional companies

ANS: B

19. At which stage of product life cycle must an entrepreneur decide whether s/he wants

to try to rejuvenate the product by inventing in development and aggressive marketing

or to quietly admit and exit the market?

A. introduction

B. growth

C. place

D. Decline

ANS: D

20. A marketing mix that can have both tangible and intangible aspects and is the thing

you offer to satisfy you customer wants and needs is _______ .

A. product

B. packaging

C. price

D. promotion

ANS: A

15. A __________ is a statement of ethical practices or guidelines to which an enterprise adheres.

a. code of conduct

b. code of ethics

c. code of honor

d. code of silence

ANS: B
TLE (😎 - Business Math

1) Find the profit of Weng's water refilling business with revenue of ₱56,000,000 and costs of ₱42,000,000.

a. ₱14,000,000

b. ₱140,000

c. ₱1,400,000

d. ₱14,000

2) Norma's food stall has costs of ₱2,900. Her total food sales are ₱11,600. What percent of her food sales do the food
costs represent?

a. 20%

b. 25%

c. 27%
d. 30%

3) Marvin needs 250 cookies for a buffet. He will make oatmeal raisin, macaroons, and chocolate chunk cookies. He
wants 25% of the cookies to be oatmeal raisin and 15% of the cookies to be macaroons. How many chocolate chunk
cookies must Marvin bake?

a. 150

b. 125

c. 140

d. 100

4) If a shirt is marked down 25%, what will the purchase price be?

a. ₱25

b. 75% of its original price

c. 50% off

d. ₱75

5) A customer places a special order through 480 Furniture Store. The list price in the manufacturer's catalog is ₱1,600.
480 Furniture receives a 35% trade discount. What is the net price for the furniture order?

a. ₱560

b. ₱1,535

c. ₱1,565

d. ₱1,040

6) Ron's Manufacturing offers discounts on most of its products. What is the trade discount rate on an item with a list
price of ₱16.79 and a net price of ?₱2.42?

a. 22%

b. 26%

c. 54%

d. 74%

7) What type of financial statement summarizes the information concerning the cash inflows and outflows during a
particular period?

a. Balance sheet

b. Statement cash flows

c. Income statement

d. Statement of retained earning

😎 Closing entries are made:

a. so that financial statements can be made

b. in order to terminate the business as an operating entity

c. in order to transfer net income/loss and owner's drawings to the owner's capital account

d. so that all assets, liabilities, and owner's capital accounts will have zero balances when the next accounting period
starts

9) Suppliers who allow business to receive goods and services before paying for them are known as:

a. Finance companies

b. Leasing companies

c. Trade companies

d. Trade debtors

10) Which of the following is an example of external finance?

a. Disposal by a business of surplus assets

b. Bank loan

c. Day to day cash from sales to customers

d. Money loaned from trade suppliers through extended credit

11) A shareholder sells his shares for more than he paid for them. This is known as:

a. Capital gain

b. Profit on disposal

c. God deal

d. Capital allowance

12) The point at which the level of sales of a business exactly equals its costs is known as the:

a. Break-even point

b. Insolvency point

c. Start-up stage

d. Profit point

13) Working capital is:

a. Current Assets-Current Liabilities

b. Notes Payable

c. Current Liabilities

d. Accounts Payable

14) Which of the following does not appear in a Balance Sheet?

a. Cash

b. Equipment

c. Accounts Payable
d. Depreciation Expense

15) Adjusting entries are used to:

a. close the books

b. record accruals

c. correct errors

d. all of the listed answers are correct

16) Net Income or Profit results from:

a. revenues exceeding expenses

b. assets exceeding liabilities

c. expenses exceeding revenues

d. liabilities exceeding assets

17) Assets are normally recorded at:

a. cost

b. appraised value

c. market value

d. management's estimated value

18) Which financial report measures results for a period of time?

a. Balance Sheet

b. Income Statement

c. Trial Balance

d. All of the listed answers

19) Using the double entry system, every business transaction _________.

a. affects two or more accounts

b. affects only asset accounts

c. affects only one account

d. affects only income statement

20) A debt incurred by buying goods or services from a supplier on credit is called _________.

a. property

b. accounts payable

c. an expense

d. accounts receivable

ANSWERS:
1. A

2. B

3. A

4. B

5. D

6. B

7. B

8. C

9. C

10. B

11. A

12. A

13. A

14. D

15. D

16. A

17. A

18. B

19. A

20. B
 Entrepreneurship/Business Finance

Post-Test

1. It is when a company grants another company the right to use its brand name and business model.
A. Franchising b. Licensing c. Partnership d. Invest

2. Best Analysis used in terms of Macro environment aspect of business.

A. SWOT b. PEST C. Marketing d. Business Plan

3. What type of entrepreneurial business actually produces the products they sell?
A. Manufacturing b. Wholesaling c. Retailing D. Service

4. Work Ethics are.

A. Based on moral virtues of hard work
B. Based on working hard when the manager is looking
C. Based on looking of shortcuts
D. Based on trying to get work on time

5. An entrepreneur might select a target market probably because the target market ________.
a. is attractive to the business and matches its supply capabilities

b. is large and well-served with existing products

c. is fully understood by the entrepreneur

d. has a proven track record for buying product

6. A carefully thought structured formal commercial report that is extraordinary well documented and clearly written to safeguard any wastage
of further investment project is called ________.
a. Portfolio

b. Business plan

c. Resume

d. Feasibility study

7. Which is considered as a comprehensive and effective blueprint to guide an entrepreneur in a business venture?
a. Resume

b. Portfolio

c. Business plan

d. Insurance plan

8. How long it would take a 200 bank account earning 8% simple interest to earn 40 interest?
A. 2 years b. 1 year c. 2.5 years d. 1.5 years

9. What is the total of your cash, plus item you have purchased, plus money your customers owe you called?
A. Inventory b. assets c. liabilities d. profit

10. At a supermarket, white sugar has increased from 38 per kilo to 46 per kilo. What is the percent increase in the cost of the item?
 A. 10% b. 18% c. 21% d. 25%

11. Mr. Sue, receives a 10% increase in his salary. With the increase, he now receives 22,000. How much is his monthly salary before the
increase?
a. 18,000 b. 19,000 c. 20,000 d. 21,000

12. Which of the following is 70%of 50?

a. 30 b. 33 c. 35 d. 37

13. Twenty-four is 12% of what number?

A.200 b. 220 c. 240 d. 260

14. A skirt with an original price of 250 being sold at 40% discount. Find its selling price.
A. 145 b. 148 c. 150 d. 155

15. An item has a selling price of 210.00. if the selling price is 70% of the original price, what is its original price?
a. 280 b. 300 c. 320 d. 340

16. In a basket, there are 15 santol, 12 balimbing, 3 durian. What percent of the fruits are durian?
a. 10% b. 12% c. 15% d. 18%

17. Sarah earning 9,200 monthly will receive a 15% increase next month. How much will her new salary be?

a. 10,500 b. 10,550 c. 10,580 d. 16,000

18. What is 30% of 380?

a. 70 b. 72 c. 74 d. 76

19. Paulo always spends in full his 200 weekyl allowance. He decided to decrease his expenses by 24% for savings. Compute his new weekly
allowance.
A. 52 b. 145 c. 152 d. 160

20. Which of the following is 70%of 50?

a. 30 b. 33 c. 35 d. 37

21. Rizza bought 3 1/4 kl. Of chico, 2 1/2 kl. Of grapes 4 3/4 kl.of pineapple. How many kl. Of fruits did she but together?
A. 9 1/2 kl. B. 10 1/2 kl. C. 11 1/2 kl. D. 12 1/2 kl.

22. 45 is 15% of what number?

a. 300 b. 330 c. 360 d. 390

23. Jennifer made fruit tart using red and green grapes. Forty percent of the grapes are green. If she used a total of 80 grapes, how many red
grapes did she use?
A. 36 b. 42 c. 48 d. 50

24. Twenty-four is 12% of what number?

A.200 b. 220 c. 240 d. 260

25. 35 is what percent of 140?

 a. 20% b. 25% c. 35% d. 40%

26. Which of the following is a type of intangible business property that is protected by law:
A. Acreage B. Inventory C. Trademark D. Equipment

27. Limited liability, indefinite length of life, ease of expansion, legal entity, and transfer of ownership are considered advantages of a
A. sole proprietorship. B. partnership. C. trade union. D. corporation.

28. If a business considers where the consumers are and who they are before selecting a channel of distribution, the business is considering the
__________ factor.
A. human B. promotion C. market D. sales

29. During the month of July, sales at Handy's Shoe Mart totaled $2,500. The cost of the shoes was $1,025. The owner paid $866 for supplies,
insurance, rent, and utilities during the month. The $609 left over represents the owner's
A. net profit B. gross profit. C. sales income. D. operating expenses.

30. Managers are more likely to be able to persuade employees to follow new procedures if the managers have
A. organizational skills. B. credibility. C. enthusiasm. D. self-motivation.