2ND QUARTER TEST PART 2 ENTREPRENEURSHIP

2ND QUARTER TEST PART 2 ENTREPRENEURSHIP

12th Grade

50 Qs

quiz-placeholder

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2ND QUARTER TEST PART 2 ENTREPRENEURSHIP

2ND QUARTER TEST PART 2 ENTREPRENEURSHIP

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Other

12th Grade

Practice Problem

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Created by

Eric Pagayatan

Used 26+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an office memorandum?

Message from one person to another

Short written form of business communication

Short speech

Letter

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you own your own business you will need to know how to calculate your profit. Which one is a calculation of profit?

Sales-months in a year

Sales-expenses

Total sales-expenses

Monthly sales* expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is NOT a step in the problem-solving method?

Define the problem

Gather information

Identify solutions

Ignore the problem

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business entity that is usually owned by multiple stockholders and operates as a separate legal entity.

proprietorship
partnership
limited liability company
corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four P's of marketing

product, produce, production, price

person, place, produce, practice

promotion, product, practice, price

promotion, place, price, product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the amount withdrawn by the owner from the assets of the business for personal use. What proprietorship titles is this?

Owner's capital

Owner's drawing

Amounts payable

Machinery

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the book of accounts wherein business transactions are recorded for the first time.

Journal

Journal entries

Journalizing

Sale Journal

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