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PRACTICE TEST IN TLE (ENTREPRENEURSHIP)
1. Carmela is selling some <u>beauty products</u> to Laura, who is performing the lead role in the tele-
serye BITUIN. The underlined words in the above statement are referred to as:
A. enterprising
B. consumers
C. merchandise
D. entrepreneur
2. What type of display or visual merchandising is appropriate for food stores and restaurants?
A. open
B. flatform
C. architectural
D. closed
A. technical skills
B. human skills
C. conceptual skill
4. A kind of large-scale retailing that issues catalogue from which customers select the merchandise and
customers send their orders and payments through the mail.
A. department store
B. mail-order firm
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C. discount store
D. order-delivery store
5. Capital is needed in operating a business. Which type of capital is referred to as the fund used over and
over again to purchase goods and pay for operating expenses?
A. fixed capital
B. working capital
C. cash reserves
D. bank account
6. A method of retailing where the salesperson comes to the home of the consumer with the samples of
the merchandise.
A. direct retailing
C. automatic retailing
D. order retailing
7. Below are examples of small-scale retailing. Which one falls under the itinerants store?
8. What is generally referred to as the ability of an individual to perceive the right kind of products or
services that other need and deliver these needs?
A. entrepreneurship
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B. proprietorship
C. partnership
D. investment
9. What is referred to as an aspect of management characterized by the men and women employed that
has to be kept productive and happy?
A. finance
B. marketing
C. personal
D. production
10. Mark-up is the difference between the cost price and the selling price of the goods. If the product cost
Php. 250.00 and the mark-up is Php. 125.00, how much is the selling price of the product?
A. Php. 125.00
B. Php. 375.00
C. Php. 500.00
A. entrepreneur
B. foreman
C. care giver
D. supervisor
A. entrepreneur
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B. entrepreneurship
C. worker
D. manager
A. Innovator
B. Inventor
C. SMART
D. Scientist
A. fortune teller
B. astronomer
C. adventurer
D. opportunity-seeker
A. goal
B. vision
C. mission
D. persistent initiator
A. salesman
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B. retail man
C. committed worker
D. business man
A. nineteen
C. forty
D. sixty
A. inadequate capital
B. loss capital
C. no capital
D. enough capital
A. inventor
B. creativity
C. innovator
D. crafts man
A. capital problem
B. personnel problem
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C. marketing problem
D. tax problem
21. The managerial functions of entrepreneurs are the following except one:
B. determine objectives
D. selling resources
A. adaptability
B. SMART
A. planning
B. directing
C. controlling
D. organizing
A. Frederick W. Taylor
B. Henry Fayol
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C. Chester Bernard
D. Robert Owens
25. Suitable for business which sells only one line of goods:
A. partnership
B. sole proprietorship
C. corporation
D. cooperative
26. Corporation is formed when five or more people decide to go into business and they are known as:
A. partners
B. incorporators
C. subscriber
D. proprietor
A. 25
B. 12
C. 10
D. 8
A. availability of personnel
B. objectives
C. available resources
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D. owner of the enterprise
B. Douglas Mc-Gregor
D. Henry Fayol
30. This theory recommends the use of mathematical approaches to management problems:
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