Long Quiz

Long Quiz

3rd Grade

52 Qs

quiz-placeholder

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Assessment

Quiz

Business

3rd Grade

Easy

Created by

Bernadeth Abequibel

Used 1+ times

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52 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main types of entrepreneurial ventures?

Sole proprietorship, partnership, corporation

Merchandising, manufacturing, service

Small, medium, large enterprises

Importing, exporting, trading

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What defines the distinction between an entrepreneur and an ordinary businessperson?

Business location

Capital investment

Innovation or creativity

Number of employees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a manufacturing process, what does the 'input' refer to?

The finished product

The raw materials, manpower, machines, and design

The transformation process

Customer feedback

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four M's of production?

Manpower, Method, Machine, Materials

Marketing, Manufacturing, Merchandising, Management

Money, Management, Manufacturing, Marketing

Manpower, Machines, Money, Materials

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of a supplier in an entrepreneurial venture?

To distribute products to customers

To provide raw materials and essential resources

To finance the business operations

To oversee customer service

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is innovation easily noticeable in manufacturing businesses?

They deal with large numbers of customers.

They transform raw materials into finished goods

They operate only on a large scale

They rely on technology for production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why must entrepreneurs carefully select raw materials?

To ensure a lower selling price

To meet legal requirements

To guarantee high-quality finished products

To match competitor standards

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