KIMAMON NATIONAL HIGH SCHOOL
SENIOR HIGH SCHOOL DEPARTMENT
Second Quarterly Examination
ENTREPRENEURSHIP
Monthly Test
NAME: ___________________________________________GRADE/ SECTION: _______________________________
I. MULTIPLE CHOICE
Directions: Read and analyze each statement carefully then write your answer on a separate sheet of paper.
1. Which of the following refers to the human workforce involved in the manufacture of products?
Ⓐ Materials Ⓑ Method Ⓒ Machine Ⓓ Manpower
2. The 4M’s of production are as follows except ONE.
Ⓐ Management Ⓑ Manpower Ⓒ Method Ⓓ Machine
3. Which of the following refers to the marketing copy that explains what a product is and why it is worth
purchasing?
Ⓐ Prototype Ⓑ Product description Ⓒ Business Model Ⓓ Suppliers
4. It is a replica of a product.
Ⓐ Prototype Ⓑ Product description Ⓒ Business Model Ⓓ Suppliers
5. Which of the following refers to the system of organizations, people, activities, information, and resources
involved in moving a product or service from supplier to customer?
Ⓐ Supply chain Ⓑ Value chain Ⓒ Business model Ⓓ Prototype
6. Which of the following is the process or activities by which a company adds value to an article, including
production, marketing, and the provision of aftersales service?
Ⓐ Supply chain Ⓑ Value chain Ⓒ Business model Ⓓ Prototype
7. It is an entity that supplies goods and services to another organization.
Ⓐ Prototype Ⓑ Product description Ⓒ Business model Ⓓ Suppliers
8. Statement I- Skills and expertise is not important in considering manpower.
Statement II- Benefits are the reasons why customers will decide to buy the products.
Ⓐ Only Statement I is true. Ⓑ Only Statement II is true
Ⓒ Both Statements are true. Ⓓ Both Statements are false
9. 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.
Ⓐ Only Statement I is true. Ⓒ Both Statements are true.
Ⓑ Only Statement II is true. Ⓓ Both Statements are false.
10. 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. Ⓐ Only Statement I is true. Ⓒ Both Statements are true.
Ⓑ Only Statement II is true. Ⓓ Both Statements are false.
11. Profit or Loss in computed by subtracting cost / expenses from –
Ⓐ Income/Revenue Ⓑ Sales Discount Ⓒ Sales Ⓓ Operating expenses
12. Irene sells fashion bags online. She gets each bag for P 150.00 from a local supplier. She then adds P 100.00 as mark-up
for each bag. How much is the selling price of each bag? Ⓐ P 200.00 Ⓑ P 250.00 Ⓒ P 300.00 Ⓓ P 350.00
13. A merchandising business earns through – Ⓐ Rendering services Ⓑ Lending money
Ⓒ Donating products Ⓓ Buys and sells goods
14. It is a tool that allows managers to make educated estimates on revenue and costs of the business in order to cope up
with uncertainties of the future – Ⓐ Estimating Ⓑ Guessing Ⓒ Forecasting Ⓓ Benchmarking
15. Refers to the amount of merchandise or goods sold by the business for a given period of time –
Ⓐ Operating Expense Ⓑ Cost of Goods Sold Ⓒ Deductions Ⓓ Sales
16. Aling Coring sold 5 pieces of rugs. She bought the rugs for 20 pesos and sold it for 35 pesos. How much is the total cost
of goods sold? Ⓐ P 80.00 Ⓑ P 90.00 Ⓒ P 100.00 Ⓓ P 110.00
17. The costs incurred through payment of utilities such as water, electricity, internet connection is considered as –
Ⓐ Costs Ⓑ Purchases Ⓒ Operating expenses Ⓓ Personal Expense of the owner
18. The amount added to the cost of a product to determine the selling price is called –
Ⓐ Mark-up Ⓑ Discount Ⓒ Mark-down Ⓓ Sale
19. Lina sold all ten t-shirts for 1,500.00 pesos. Suppose she added 50.00 pesos as mark-up price for every t-shirt. How
much was the cost for every t-shirt sold? Ⓐ P 80.00 Ⓑ P 90.00 Ⓒ P 100.00 Ⓓ P 110.00
20. Refers to goods and merchandise left at the end of operation or accounting period.
Ⓐ Merchandise inventory, beginning Ⓑ Merchandise inventory, end Ⓒ Freight-in Ⓓ Freight-out
21. Which office do you visit to register partnership or corporation business?
Ⓐ SEC Ⓑ DTI Ⓒ BIR Ⓓ Mayor’s Office
22. SSS, Philhealth and Pag-ibig fund contributions is made by ___
Ⓐ Employees only Ⓑ Employers only Ⓒ Both Employees and Employers Ⓓ None of the choices
23.Which of the following is not a step to follow before operating a business
Ⓐ Register your business Ⓑ Set up accounting system Ⓒ Advertise the business using Facebook Ⓓ Selling the product
24.Which of the following is true?
Ⓐ Good record keeping is not important to the business owner Ⓑ Good record keeping is important only to the accountant
Ⓒ Good record keeping gives benefits to the enterprise Ⓓ Good record keeping gives no importance at all.
25.Which of the following is NOT a benefit to the enterprise? Ⓐ Plan and work more efficiently
Ⓑ Meet legal and tax requirements Ⓒ Can check if the business is doing good. Ⓓ It cannot protect the rights of the owner
26.The tasks before operating the business must be ____ Ⓐ Specified to be accomplished by the owner alone
Ⓑ In detail so that the owner will know what to do C. Kept by the owner for future reference Ⓓ None of the choices
27.The tasks to be accomplished before operating the business should have:
Ⓐ Design Ⓑ Decoration Ⓒ Time allotment Ⓓ Measurement
28.Which of the statements is true? Ⓐ Before starting a business the entrepreneur may not consult a professional for advice
Ⓑ Before starting a business the entrepreneur should consult a professional for advice
Ⓒ Before starting a business the entrepreneur must start selling when there are available buyers Ⓓ None of the choices
29.The sources of documents are called? Ⓐ Income statement Ⓑ. Balance sheet Ⓒ Record Ⓓ Record Keeping
30.Which of the following is not a benefit of record keeping
Ⓐ It will not help in managing potential risks Ⓑ It will measure profit and performance
Ⓒ It will protect the rights of the owner Ⓓ It will not let you know how much you are earning
II-Computation of Revenue and Cost
Directions: Create a tables 1, 2, 3, 4 & 5 (2 points per table)
Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He
gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come,
Mang Eduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen
for freight. Mang Eduard can sell 12 umbrellas every day.
LUCILLE PAMAN-DURANDO
Subject Teacher
ANSWER KEY (Entrepreneurship)
Monthly Examination
First Semester (2023-2024)
I. MUTIPLE CHOICE
1. D 6. B 11. A 16. C 21.A 26. B
2. A 7. D 12. B 17. C 22. C 27. C
3. B 8. B 13. D 18. A 23. D 28. B
4. A 9. C 14. C 19. C 24. C 29. C
5. A 10. C 15. B 20. B 25. D. 30. B
II. Computation of Revenue and Cost
(answer will be presented during the checking)
Prepared by:
LUCILLE PAMAN-DURANDO
Subject Teacher
TABLE OF SPECIFICATION
Monthly Examination
ENTREPRENEURSHIP
ITEM SPECIFICATION
Rememberin
Understandi
Evaluating
Analyzing
Applying
No.
Creating
Content Learning Competency of
Items
EASY AVERAGE DIFFICULT
1. Demonstrate understanding of the 4Ms
The learner of operations The learners… 4.1 Describe
demonstrates the 4Ms (Manpower, Method, Machine, 1-3 1-3
understanding of Materials) of operations in relation to the 8-10 8-10
environment and business opportunity:
4 4
market in one’s Create a prototype of the product;
locality/town. Test the product prototype; 5 5
Discuss the value/supply chain in relation to
the business enterprise 6-7 6-7
CS_EP11/12ENTREP-0h-j-12
4.2 Develop the business model; 13 13
CS_EP11/12ENTREP-0h-j-13 20 20
4.3 Forecast the revenues of the business; 12 12
CS_EP11/12ENTREP-0h-j-14 18-19 18 19
4.4 Forecast the costs to be incurred;
14-17 14-15 16 31-40
CS_EP11/12ENTREP-0h-j-15 17
4.5 Compute for profits; and 11 11
CS_EP11/12ENTREP-0h-j-16
The learner Manifest understanding of starting and
demonstrates operating a simple business
understanding of The learners…
concepts, 1.1 Implement the business plan; 21-22 21-22
underlying CS_EP11/12ENTREP-0a-i-18
25-28 25-28
principles, and 1.2 Operate the business;
processes of CS_EP11/12ENTREP-0a-i-19
starting and 1.3 Sell the product/service to potential 23-24 23-24
operating a simple customers;
business. 1.4 Identify the reasons for keeping business 29-30 29-30
records;
40 24 3 10
LUCILLE PAMAN-DURANDO
Subject Teacher
