stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
4TH ENTREPRENEURSHIP DAY QUIZ BOWL ROUND 1 Flashcards | StudBud
Explore
/
4TH ENTREPRENEURSHIP DAY QUIZ BOWL ROUND 1
4TH ENTREPRENEURSHIP DAY QUIZ BOWL ROUND 1
15 terms
·
StudBud Administration
·
23 plays
Imported from external platform
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
Refers to the buying and selling of goods or services and the transfer of money using the internet.
E-Commerce
E-Business
Computer Biz
Internet
2
These are goods customers have to spend some time to decide whether to buy them or not.
Specialty Goods
Unsought Goods
Shopping Goods
Convenience Goods
3
It is the creation and communication of value to the customers.
Market
Promotion
Management
Marketing
4
Why might a government impose high tariffs on imported goods despite potential consumer backlash?
To protect domestic industries from foreign competition
To promote foreign investment
To increase the quality of imported products
To lower local production costs
5
It is the art of estimating future demands by anticipating what the buyers want to but under a given set of situation.
Correlation Analysis
Data Analysis
Forecasting
Market Analysis
6
It is a market situation where there is a large number of independent sellers offering identical products.
Competition
Pure Competition
Pure Monopoly
OIigopoly
7
The management of systems or process that create goods and/or provide services.
Financial Management
Human Resource Management
Marketing Management
Operations Management
8
Who is the richest person in the World according to Forbes Magazine’s 2025 World’s Billionaires List?
Larry Ellison
Jeff Bezos
Elon Musk
Mark Zuckerberg
9
Who is the current Governor of the Banko Sentral ng Pilipinas?
Nestor Espenilla
Eli M. Remolona, Jr.
Felipe Medalla
Benjamin Diokno
10
Which financial statement displays the revenues and expenses of a company for a period of time?
Statement of Stockholder's Equity
Cash Flow Statement
Income Statement
Balance Sheet
11
This factors of production and distribution are owned and managed by private individuals.
Capitalism
Socialism
Economic System
Communism
12
What is a fixed cost?
Cost that go up and down
Measures the disadvantages of production
Cost that remain the same
Measure advantages of production
13
What type of entrepreneurial business sells products directly to the people who use or consume them?
Wholesaling
Service
Manufacturing
Retailing
14
Which one is NOT a step in the problem-solving method?
Define the problem
Gather information
Identify solutions
Ignore the problem
15
It is used to record a business event as they occur throughout the year.
Journal Entry
Bank Statement
Ledger
Trial Balance
