Btled He Final Exam
Btled He Final Exam
11. Which trait is an entrepreneur able to withstand the troubles that come with a starting business?
a. Perseverance
b. Ambition
c. creativity
d. enthusiasm
12. Which entrepreneurial trait gives an entrepreneur a positive outlook in life which gives the energy
to pursue his endeavors?
a. Enthusiasm
b. Ambition
c. Perseverance
d. Creativity
13. Which one is not included in planning a business?
c. what to do
14. These are the perishable tangible used in the production process.
a. Material resources
b. Financial resources
c. Information resources
d. Human resources
15. Which of the following is a type of intangible business property that is protected by law?
a. Trademark
b. Inventory
c. Equipment
d. Materials
16. Limited liability, indefinite length of life, ease of expansion, legal entity, and transfer of
ownership are considered advantages of a?
a. corporation.
b. sole proprietorship
c. partnership
d. trade union
17. If an entrepreneur obtains a commercial bank loan to finance a new venture, s/he is often
required to
a. Provide collateral.
b. Charge the prime-interest rate.
a. Accounts receivable
b. Office building
c. Equipment
d. Inventory
19. Disagreements often arise among partners which hamper the operation the business is
considered disadvantage of a
a. Partnership
b. Corporation
c. Sole proprietorship
d. Trade union
20. Which of the following statements is true about business startup requirements
a. The financial needs to start a new business depend on the nature of the venture.
c. Purchasing a franchise is usually easy and inexpensive for startup business owners.
21. Why is it important for entrepreneurs to talk with industry experts when developing new business
concepts?
22. To determine their human resource needs, new business owners often find it helpful to?
23. Which of the following statements is true about new venture risk-taking?
b. When the entrepreneur seeks to limit risk, the reward tends to increase.
d. The entrepreneur who does not care about profit is a high risk-taker
24. Which of the following is the most critical component of a business plan?
a. Executive summary
b. Market Analysis
c. Financial Plan
d. Company Description
a. Proprietor
b. Manager
c. Chef
d. Lessor
26. The amount that is owed and is listed on the right side of the balance sheet is
a. Liability
b. Asset
c. Credit
d. Debit
27. Anything of value owned by the business and written on the left side of the balance sheet is
a. Asset
b. Credit
c. Debit
d. Liability
28. A type of business organization with only one person making the investment is called
a. Sole Proprietorship
b. Partnership
c. Corporation
29. A business organization where the owners are personally responsible for the business debts
a(n)
a. Sole Proprietorship
b. Partnership
c. Corporation
Write T if the statement is TRUE, and change the underlined word if the statement is
FALSE.
33. Transaction is the exchange goods or services for a certain sum of money.
36. Cash budget is a forecast of the sales for a certain period time.
37. Balance sheet is prepared to find out the itemized condition of the business.
38. The chronological recording of a business transaction and event is known as bookkeeping.
40. Videtheo is thinking of starting his own business, What are the things he needs to consider
when starting up a business? Why?
TABLE OF SPECIFICATION
VGNETTE SAN AGUSTIN CHRISTINA ALFILER, Ph.D. MARIE CLAUDETTE CALANOGA, Ph.D.
Faculty Member Department Chair College Dean