Entrepreneurship Quarter 2 Exam Reviewer
14 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does 'method' refer to in the context of the enterprise?

  • Efficient production processes (correct)
  • Product acceptability in the market
  • Profitable production systems
  • Detailed information of a product
  • What factors are considered when selecting materials for production?

  • Cost and quality
  • Quality and availability
  • Cost, quality, and availability (correct)
  • Cost, quality, and acceptability in the market
  • What market research tools are used to determine the product's acceptability?

  • Focus Group Discussion
  • Product Demonstration
  • Both a & b (correct)
  • None of the above
  • What does 'processes' represent in the 4 M's of production?

    <p>Method</p> Signup and view all the answers

    In the 4 M's of production, what is an example of 'machine'?

    <p>Equipment</p> Signup and view all the answers

    What is one of the primary objectives of conducting a Market Survey?

    <p>Determining the products' acceptability in the market</p> Signup and view all the answers

    What refers to the process of converting raw materials into something useful?

    <p>Conversion</p> Signup and view all the answers

    Which of the following is NOT included in the 4 M’s of Production?

    <p>Money</p> Signup and view all the answers

    What is the essential element of production which refers to the employees of an enterprise?

    <p>Manpower</p> Signup and view all the answers

    Which of the following balance sheet accounts belongs to current assets?

    <p>Cash</p> Signup and view all the answers

    Which statement is true about product description and market research?

    <p>Product Description should not be included in market research.</p> Signup and view all the answers

    What traditional way of collecting information about potential buyers or existing customers is mentioned in the text?

    <p>Focus Group Description (FGD)</p> Signup and view all the answers

    Which statement is true about conducting market research?

    <p>Conducting Market Research may incur additional costs yet is beneficial to the company.</p> Signup and view all the answers

    In income classification, who belongs to low middle class according to the text?

    <p>Individual earning from P 19,040 – P 38,080 per month</p> Signup and view all the answers

    More Like This

    Principles of Entrepreneurship Exam 1
    31 questions
    Cumulative Exam Online Econ Review
    5 questions
    Entrepreneurship Basics for 1st Exam
    18 questions
    Use Quizgecko on...
    Browser
    Browser