MULTIPLE CHOICE. Read the items carefully and select the best answer. 11. John Lloyd plans to put up a business in his locality. What kind of busi- Shade the circle correspond to the letter of the best answer. ness is appropriate to operate? 1. Milton, the CEO of Cala's Group of Companies wants to expand his business A. Agribusiness C. Service Business in Nagrebcan, Badoc, Ilocos Norte, What is the best recommended busi- B. Call Center D. Manufacturing Business ness he is going to offer? 12. Ms Christine Dahilig, a proprietor visited her company in line with beauty A. Agribusiness C. IT business parlor, what do you think is the business of Ms. Dahilig? B. Service Business D. Manufacturing Business A. Service Business C. Product Business 2. Cheryl aims to win the heart of the costumer, she gave discounts to the first B. Wholesaling Business D. Retailing Business 100 costumer in a day, she is considered to be a good? 13. Maria put up a business related to producing products, what do you think A. Business Competitor C. Businessman is the business of Maria? B. Manager D. Entrepreneur A. Whole Selling C. Manufacturing 3. Bonbon purchased a product in the department store, she gave it to her B. Retailing D. Service Business mom and her mom used the product, What is the activity perform by Bon- 14. Jeth Laurence prepares all necessary documents of business with one bon ? owner and operates the business on his own. What kind of business did A. Consumer C. Costumer he operated? B. Manufacturer D. supplier A. Sole proprietorship C. Partnership 4. Nicole Shane purchase her product to the manufacturer of soap. How do B. Corporation D. Cooperative you interpret the statement? 15. The Grade 12 TVL students prepares a documents of putting up a busi- A. The statement refers to the costumer ness. What business would suit the Grade 12 TVL Students? B. The statement refers to the supplier A. Sole proprietorship C. Partnership C. The statement refers to the competitors B. Corporation D. Cooperative D. All of the above. 16. Edmund Christian put up a business with his friends with legal entity that 5. The following are areas of agribusiness except one? is separate and distinct from its owner. What kind of business did they plan A. Farm supplies C. production to operate? B. Processing D. hog raising A. Sole proprietorship C. Partnership 6. It is a situation that enables an entrepreneur to offer marketable products or B. Corporation D. Cooperative services to interested buyers or end users. 17. It is owned and controlled by an association of members, it can be set A. Opportunity C. business up as a profit or non-profit organization. B. Business idea D. entrepreneurship A. Sole proprietorship C. Partnership 7. It is a business concept that results in profit if it is turned into a tangible prod- B. Corporation D. Cooperative uct or service. 18. The following are ability to search and discover business opportunities A. Business Idea C. business opportunity except one ? B. Business plan D. business forces A. Experience and exposureon C. knowledge and skills 8. How are we going to apply approach to opportunity identification B. Social network D. bankers A. Observe design in the environment 19. The following are examples of Agribusiness except one? B. Recognize a need that customers have that is not being satisfied A. Euro Med C. Veterinary supplies C. Recognize problems and find ways to solve it B. Biotechnology firm D. Livestock supply companies 20. How are we going to define success of the agribusiness system? D. All of the above A. input sector - production sector - processing manufacturing sector 9. It is a process that involved the search for and discovery of business oppor B. processing manufacturing sector - input sector- production sector tunities . C. opportunity cost C. production sector - processing manufacturing sector - input sector A. Opportunity identification D. input sector - processing manufacturing sector - production sector B. Opportunity idea D. business opportunity 10. The following are mechanism to identify opportunities except one? A. Customer C. business associates B. Bankers D. suppliers21. How can the new business win the costumers from the existing sellers? A. innovate the product 31. Menchie is a proprietor who puts up her business in her locality. What do B. come up with the new feature you think is the impact of putting up a business in the locality? C. improve the quality of the goods C. employment D. all of the above . generating income D. all of the above 22. A new business especially one that is innovative and focused on bringing B. satisfying the needs and wants of the people some new product or service to the market is always welcome to the consumer 32. The following are the requirements to start operating a business except who is looking value for his money. This statements refers to? A. impact of business C. impact of costumers one? B. impact of competitors s qu be of beba D. impact of taxes A. the business owner has to apply to start its business erichaide's 23. If a new construction company is set up, then this open up opportunities for B. licenses have to be obtained other businesses that will supply their needs, tools, wood, cement steel, nails screws and decorations. This statement refers to? C. organizational fees to be obtained A. impact on suppliers and investors D. legal fees to be paid C. impact on government B. impact on household D. impact in business 33. The government earns revenues from fees and licenses. The department 24. The impact of this will benefit the earnings from taxes to be collected. in-charge is? A. impact on suppliers and investors C. impact on government B. impact on household D. impact in business A. On the Municipal level C. on the National level 25. Claire open a business. This means that there are opportunities of employ- B. On the barangay level D. no answer ment among Filipinos. What do you think will be benefited? A. impact on suppliers and investors C. impact on government 34. The government gets to impose taxes on the income earned by the busi- B. impact on household D. impact in business nesses. 26. Why do we need to put up a business? A. On the Municipal level C. on the National level A. to gain profit C. to give employment B. On the barangay level D. no answer B. to serve the community D. to satisfy your wants didshave a 27. what do you think is the impact of business to one community? 35. it is one of the most challenging business today. A. to supply the needs and wants C. to make the area famous B. just for fun D. all of the above A. Agribusiness C. Autobusiness 28. Why is it necessary to undergo the process of business requirements for B. Service business D. grocery starting up a business? A. to make the business profitable oniwollot ofr or 36. it is an art of cultivating various categories of crops. B. to show to them that your legal and geoxs C. it is your responsibility and duty to the community bare conensox A. Agriculture C. Horticulture D. all of the above B. Animal Science Thevileb D. Commerce 29. How are you going to handle competitors? wollol enter A. Give discount C. give points 37. it is the economic unit, aims to sell goods and services to customers. B. give a token D. cheaper in price but same with waoubong of C. Business quality A. Agriculture B. Agribusiness D. all of the above 30. How are you going to attract investors? A. good profit C. good reputation B. good manager D. all of the above38. The following are branches of of Agriculture except? A. animal husbandry C. forestry 47. The following are considered to be a great nations except? B. fishery D. sociology A. USA C. UK B . Germany D. China 39. The following are scope of Agribusiness, except? 48. They will work harder to sell at the lowest price and best quality A. Growing demand for agricultural inputs C. Biotechnology Application A. Comparative advantage C. Economies of Scale B. Organic Farming D. Import Goods B. Competition D. transfer of technology 49. The following are disadvantages of International trade except one? 40. Camille found out that there are lot of tomatoes in their area, then she de- A. Over-specialization C. new companies cided to put up a business related to tomatoes, What is the best business appli B. national security D. Jobs cable for her? 50. The following are advantages of international trade except one. A. Manufacturing C. retailing A. Comparative Advantage C. Competition B. service D. Producing product from tomato B. Jobs D. National Security 41. it refers to the exchange of products and services from one country to an- other A. international trade C. international relation B. international marketing D. international agency -END- 42. a foreign company can produce something more cheaply. A. price C. Quality B. Availability D. Demand edT BE COSTUMERS ARE THE BREAD AND BUTTER OF THE BUSINESS 43. The thinking of Filipino that they are purchasing abroad is? ent no A A. price C. quality B. availability D. demand 44. it may not possible to produce the item locally, therefore, the only way con- ADVANCE HAPPY GRADUATION sumer can buy is to import. A. price C. quality B. availability D. demand go lo he nis el li 08 45. Trade encourages a nation to specialize in producing or supplying only those goods and services which it can deliver more effectively and at the best price, after taking into account the opportunity cost. A. Comparative advantage C. Economies of Scale B. Competition D. transfer of technology 46. If you sell your goods globally, you will have to produce more than if you sold domestically. A.. Comparative advantage C. Economies of Scale B. Competition D. transfer of technology