Republic of the Philippines

Department of Education
Region III – Central Luzon
SCHOOLS DIVISION OF PAMPANGA
High School Blvd. Brgy. Lourdes, City of San Fernando

Division Senior High School Standardized Test

Subject Title: ENTREPRENEURSHIP
Subject Class: Applied Grade Level: 11
Semester: First Quarter: Second
General Read each statement carefully. Choose and write the best answer in the
Direction: your answer sheet.

1. This is a part of the business plan that seeks to answer the question, “who will be your
direct and indirect competitors?
A. .Company Direction
B. Competitive Analysis
C. Financial Information
D. Swot Analysis
2. In implementing the business plan, an entrepreneur may choose a form of business
wherein he/she has two or more partners in the business and shares equal amounts of
profits.
A. Corporation
B. Cooperative
C. Partnership
D. Sole Proprietorship
3. Student A is planning to put up a laundry shop business which of the following is Not a
recommended source of funding for his business.
A. Cash from friends and relatives
B. Cash from banks
C. Cash from illegal gambling
D. Personal savings
4. A single/ sole proprietorship can register his/her business name through this
government agency.
A. BIR ( Bureau of International Revenue)
B. DTI(Department of Trade and Industry)
C. SSS( Social Security System)
D. Philhealth
5. Prepare contingency plans for human resources and financial concerns that may arise
during operations. During the initial period of operations, go beyond the set budget for
your business.
A. Both statement are TRUE
B. Both statement are FALSE
C. First statement is TRUE. Second statement is false.
D. Second statement is TRUE. First statement is false
6. Business in our country must be registered with the proper authorities. It is important that
students learn this is the beginning of their business set up exercise.
A. Both statement are TRUE
B. Both statement are FALSE
C. First statement is TRUE. Second statement is false.
D. Second statement is TRUE. First statement is false7.
7. Which among the following government agencies is responsible for collecting taxes to
businesses?
A. BIR ( Bureau of International Revenue)
B. DTI ( Department of Trade and Industry)
C. SEC( Security and Exchange Commission)
D. GSIS( Government Service Insurance System)
8. Customer satisfaction leads to higher revenues and the ability to enhance the
satisfaction of other stakeholders. Securing the required business permits will let you
avoid legal complications that may arise before and during operations.
A. Both statements are TRUE
B. Both statements are FALSE
C. First statement is TRUE. Second statement is FALSE
D. Second statement is TRUE. First statement is FALSE
9. The entrepreneur must establish enterprise on the basis of a very exciting business
concept leading to a grand vision. The entrepreneur must be very clear about the
purpose in establishing the enterprise.
A. Both statements are TRUE
B. Both statements are FALSE
C. First statement is TRUE. Second statement is FALSE
D. Second statement is TRUE. First statement is FALSE
10. In business operations,which among the following deals about encouraging a healthy
competitive atmosphere in the market.
A. Fairness
B. Loyalty
C. Creativity
D. Hardwork
11. This refers to the activities involved in selling goods or services directly to final
customers for their personal or business use.
A. Advertising
B. Marketing
C. Retailing
D. Wholesaling
12. These are wholesalers who create the link between the buyer and seller. They assist
and negotiate in the process, however,they do not put their names on the products.
A. Advertisers
B. Brokers
C. Financers
D. Retailers
13. These stores carry a large variety of items or product types.
A. Convenience stores
B. Department stores
C. Sari- sari store
D. Specialty stores
14. These stores sell some everyday item and is open 24/7
A. Convenience stores
B. Department stores
C. Sari- sari store
D. Specialty stores
15. Customers may view, evaluate, and buy products through the internet.
A. Convenience stores
B. Online shopping
C. Vending machines
D. Hypermarket
16. Printed or hand-drawn representation of the uses of interface of a software product.
A. Paper Prototype
B.Business Model
C.Functional Prototype
D. Working Prototype
17. Which among the following is NOT a benefit of a good record keeping?
A. Monitor the progress of your business
B. Prepare your financial statements
C. Prepare your tax returns
D. Prepare your next travel abroad
18. This refers to the expenditures incurred in generating revenues.
A. Cost
B. Revenue
C. Balance sheet
D. Income Statement
19. These expenses includes taxes ,licenses and fees.
A. Advertsing expenses
B. Administrative expenses
C. Utilities expenses
D. Supplies expense
20. The word _____ simply means estimating or predicting future business performance.
A. Forecasting
B. Performing
C. Reporting
D. Marketing
21. This happens when revenue and costs are equal
A. Break –even
B. Cash Flow
C. Loss
D. Profit
22. This refers to those convertible to cash with a relatively shout short period of time.
A. Current assets
B. Fixed Assets
C. Liabilities
D. Owner’s Equity
23. The correct formula/equation in computing for current ratio is?
A. Current liabilities / Current assets
B. Current assets / Current Liabilities
C. Current Liabilities/ Owner’s Equity
D. Owner’s Equity/ Current assets
24. ABC Company Income statement
Sales P550,000.00
Cost of Goods sold 120,000.00
How much is the Gross profit?
A. P 410,000.00
B. P420,000.00
C. P430,000.00
D. P440,000.00
25. SMP company has a beginning inventory of P 38,550.00; Purchases amounts to
P250,000.00 and ending inventory of P48,225.00. How much is the total goods available
for sale?
A. P286,550.00
B. P287,550.00
C. P288,550.00
D. P289,550.00
26. Based on the data in item number 25, how much is the total cost of Good sold?
A. P240,325.00
B. P242,325.00
C. P244,325.00
D. P246,325.00
For number 27-31 please refer to the table below.

Projected Profits
Particular Year 1 Year 2 Year 3 Year 4 Year 5
Revenues 440,400.00 445,265.00 763,307.00 932,080.00
Costs 416,400.00 536,925.00 365,000.00 882,080.00
Profit 30,000.00 42,000.00

27. How much is the profit for Year 1?

A. 22,000.00
B. 23,000.00
C. 24,000.00
D. 25,000.00
28. How much is the Revenues for Year 2?
A. 563,925.00
B. 564,925.00
C. 565.925.00
D. 566,925.00
 29. How much is the profit for Year 3?
A. 80,265.00
B. 81,265.00
C. 82,265.00
D. 83,265.00
30. How much is the costs for year 4?
A. 720,307.00
B. 721,307.00
C. 722,307.00
D. 723,307.00
31. How much is the Profit for year 5?
A. 20,000.00
B. 30,000.00
C. 40,000.00
D. 50,000.00
32. XYZ Company balance sheet as of December 31,2019
ASSETS
Cash P10,000.00
Accounts Receivable P50,000.00
Inventory P50,000.00
Fixed Assets P90,000.00
Total Assets P________
How much is the total assets for XYZ Company?
A. P100,000.00
B. P200,000.00
C. P300,000.00
D. P400,000.00
33. Daniel’s Computer shop has the following information for
Debt Owner’s Equity
Loan from bank P150, 000.00
Owner’s Equity` P185, 000.00
Total Loans & Equity P__________
How much is the Total Loans & Equity of Daniel’s Computer Shop?
A. P330,000.00
B. P332,000.00
C. P334,000.00
D. P335,000.00
34. Irish flower shop has the following information for her business
Cash P?
Inventory 2,000.00
Total assets P2600.00
How much is her cost cash for her flower shop?
A. P500.00
B. P600.00
C. P700.00
D. P800.00
35. Double Happiness Gasoline Station has a total sales of P50,000.00 and Total Assets of
P54,000.00. Compute the Total Asset Turnover.
A. 0.90
B. 0.83
C. 0.93
D. 0.80
36. Maria’s Travel Agency has its operating profits amounting to P5,880.00 and sales
amounting to P50,000. How much it its Operating profit margin?
A. 11.50%
B. 11.66%
C. 11.76%
D. 11.86%
 37. Compute for the Debt Ratio of Johnny’s Bike Shop if it has a Total Debt of P15,000.00
and Total assets of P54,000.00
A. 27.78%
B. 26.78%
C. 25.78%
D. 24.78%
38. This the degree to which a firm has working capital available to meet a maturing debt
obligations.
A. Liquidity
B. Maturity
C. Interests
D. Depreciation
39. This measures a firm’s profitability relative to the amount of assets invested in the
company.
A. Return on Equity
B. Return on Assets
C. Current Ratio
D. Debt Ratio
40. Analyzing financial statements can give very powerful insights on how an enterprise is
conducting itself. One of the most easily understand financial statements is the income
statement.
A. Both statements are TRUE.
B. Both statements are FALSE.
C. First statement is TRUE. Second statement is FALSE.
D. First statement is FALSE. Second statement is TRUE.
II. ESSAY: 41-50 (10 POINTS)
As a future entrepreneur, how many the preparation and interpretation of financial
statements help achieve the business goals and objectives? Elaborate your answer.