TLE Reviewer

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Direction: Encircle the letter of the correct answer. 1. Known as world trade

a. export and import of goods among nations b. circulation of money in the early times c. exchange of goods with other tribes d. exchange foods for other things

2. Used to pay goods and services and is the medium of exchange in trading with other countries.

a. other goods c. foods

b. money d. things

3. The system of exchange through which goods and services are traded in the community, using the medium of money.

a. barter economy c. money economy

b. economy d. technology

4. The system of exchange through which goods and services are traded in exchange for land, clothing for food, and food for services.

a. barter economy c. money economy

5. People with some money to start with, put up small stores that sell food and other needs of the people in the community.

a. micro entrepreneurs c. medium entrepreneurs b. large entrepreneurs d. small entrepreneurs 6. An organized task of people to produce and sell goods and services is

a. business c. industry

7.

Who takes the risk of organizing and operating a certain kinds of business is an

a. entrepreneurship c. entrepreneur

b. small business d. business owner

8. A very small business in which the owner is the principal worker

a. micro business c. medium business

b. macro business d. small business

9. Owned and manage by an individual or group and has only enough resources to continue operating. Grocery, bakeshop and restaurant belong to

a. large business c. small business

b. medium business d. micro business

10.Business owned and operated by a single person, two business partners or a corporation.

b. medium business d. micro business

11.Persons engaged in selling goods and services

a. entrepreneur c. owner

b. business people d. traders

12.An enterprise manage by its owner

b. micro business d. medium business

13.A feature of a small business enterprise

a. personalized services c. public service

b. greater capital d. lesser work

14.Manager of a small business

a. owner c. small business

b. entrepreneur d. businessmen

15.The ability to create something new, or to think of new ways of doing things.

a. discovery c. innovation

b. invention d. restoration

16.Refers to seed money, equipment, machines and materials

a. capital c. supply

b. demand d. liability

17.Expertise in business management and operation

a. creativity c. innovativeness

b. entrepreneurial d. salesmanship

18.President of various business enterprises and that manufactures of passenger jeeps.

a. Leonardo Sarao c. Leonardo da Vinci

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19.Part of the national budget comes from taxes paid by _________.

a. wealthy families c. entrepreneurs

b. poor families d. foreigners

20.______________helps solve unemployment among the people.

a. innovators c. business management

b. inventors d. business enterprise

21.It exist at all times, because people need goods and services to survive.

a. demand c. business needs

b. business opportunities d. supply

22.

Factor in searching for business opportunities that ask: What products are in demand?

a. the need of the community c. available resources

b. skills and interests d. market

23.

Factor in searching for business opportunities that ask: Do you have money for capital?

a. the need of the community c. available resources

b. skills and interests d. market

24.

Factor in searching for business opportunities that ask: Does the particular business activity meet your interest?

a. skills and interests c. available resources b. the need of the community d. market

25.

Factor in searching for business opportunities that ask: Who will buy your products?

a. market c. suppliers of raw materials

b. manpower d. technology

26.Factor in searching for business opportunities that ask: Are materials always available?

a. suppliers of raw materials c. market

27.Factor in searching for business opportunities that ask: Are expert workers available?

28.Factor in searching for business opportunities that ask: Is your product or service new or improved?

b. technology d. manpower

29.Includes all activities relating to the sale of goods and services direct to consumers.

a. wholesaling c. retailing

b. selling d. buying

30.

The link between the producers and consumers.

a. retailer c. wholesaler

a. buyer c. seller

31.An activity concerned with obtaining the right kind of goods in the right amount, at the right time, at the right price and, from the right source.

a. purchasing c. retailing

b. buying d. selling

32.The value that a retailer sets for the article for sale. It is the amount of money paid for goods or services.

a. ceiling c. price

b. mark-up d. sales

33.Margin of difference between cost price and selling price.

a. selling price c. mark-down

c. c.o.d. d. mark-up

34.Checking the quantity and quality of merchandise purchased.

a. mark-up c. receiving

b. purchasing d. price

35.An activity concerned with obtaining food of the right kind, at the right price from the right source.

a. mark-up b. receiving

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36.Requires wise purchasing, vigilant checking, proper storage of goods, and reasonable pricing.

a. wholesaling c. pricing

b. purchasing d. retailing

37.This sales type requires the customers to pay for cash for the goods he/she buys and store delivers the goods to his/her home.

a. Cash-Send or Cash Deliver Sale c. Cash-Take-Sale b. Charge-Send or Charge-Deliver d. Charge-Take-Sale

38.The customer pays for the goods and takes these homes with him/her. a. Cash-Send or Cash Deliver Sale c. Cash-Take-Sale

b. Charge-Send or Charge-Deliver d. Charge-Take-Sale

39.The goods are charged to the customer and then deliver to his/her home. a. Charge-Send or Charge-Deliver c. Cash-Take-Sale

b. Cash-Send or Cash Deliver Sale d. Charge-Take-Sale

40.The customer takes home the merchandise that has been charged to him/her.

a. Charge-Take-Sale c. Cash-Take-Sale

b. Cash-Send or Cash Deliver Sale d. Cash-Send or Cash Deliver Sale

41.

Upon delivery of the merchandise to his/her home the customer pays cash for it.

a. Lay-Away or Will-Call Sale c. C.O.D. Sale

b. Installment Sale d. Part-Cash-Part Charge Sale 42.The customer and the storeowner agree that a certain amount be paid on a

specified date until the merchandise is fully paid.

a. Lay-Away or Will-Call Sale c. C.O.D. Sale

b. Installment Sale d. Part-Cash-Part Charge Sale

43.

This type of sale requires the customer to order a merchandise and request the

store to lay-it away until he/she calls for it at the near future. The customer makes a deposit, and the store agrees to hold the merchandise for a specified period of time.

a. Part-Cash-Part Charge Sale c. C.O.D. Sale

b. Installment Sale d. Lay-Away or Will-Call Sale

44.A part of the amount of the merchandise is paid in cash by the customer, and the rest of the amount is charged to his/her account.

a. Part-Cash-Part Charge Sale c. C.O.D. Sale

b. Installment Sale d. Lay-Away or Will-Call Sale 45.Production of goods and services.

a. manufacturing b. retailing

b. wholesaling d. purchasing

46.Activities/benefits offered for sale.

a. services c. installment

b. retailing d. wholesaling

47.Anyone who engages in entrepreneurial activities/enterprises.

a. entrepreneur c. services

b. entrepreneurship d. retailing

48.Customer and storeowner agreement on the amount to be paid by the customer to the latter on specified dates.

a. selling price c. mark-up

b. installment d. mark-down

49.Customer pays for the merchandise upon its delivery to him/her.

a. c.o.d. c. mark-up

b. mark-down d. installment

50.Manufacturing activity that has a continuous production.

a. Continuous Manufacturing or Flow Shop c. Intermittent Manufacturing b. Batch Manufacturing d. Project Manufacturing

51.Manufacturing activity that is characterized by a drop out in production for a certain period of time.

a. Continuous Manufacturing or Flow Shop c. Batch Manufacturing b. Intermittent Manufacturing or Job Orders d. Project Manufacturing 52.Manufacturing activity that falls midway between continuous flow and the job

order type.

a. Flow Shop c. Project Manufacturing

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53.The products are brought to it instead of the products moving from one area to another.

a. Project Manufacturing c. Flow Shop

b. Batch Manufacturing d. Job Order

54.The creation of goods, services or utility.

a. utility c. manufacturing

b. manufacturer d. processing

55.Means satisfying human wants and needs.

a. utility c. manufacturing

b. manufacturer d. processing

56.The process of converting raw materials into products, where the entrepreneur leads production.

a. manufacturer c. processing

c. manufacturing d. utility

57.Is developed through factors that influence the person. Allowing the person freedome to express his/her own ideas and to try these out.

a. innovative c. creativity

b. decisiveness d. optimism

58.A conducive setting which includes natural resources and location.

a. land c. labor

b. demand d. capital

59.Refers to seed money, equipment, machines, and materials.

a. land c. capital

b. demand d. labor

60.The extent of the current need for the product.

a. demand c. capital

b. labor d. entrepreneurial skills

61.Occupational and managerial capabilities.

a. demand c. entrepreneurial skills

b. labor d. capital

62.The product currently needed in the community is

a. in demand c. oversupply of products

b. wanted only by a few d. adequate supply 63.Pertains to the physical and mental tasks and efforts of workers

a. capital c. labor

b. demand d. supply

64.Refers to activities an individual performs for other people for which he/she is paid.

a. labor c. services

b. capital d. demand

65.Extent to which people patronize a product.

a. good location c. human resources

b. market demand d. capital

66.Site of business enterprise.

67.Talents, skills and diligence of people.

68.The most important factor in choosing a business enterprise. The kind of

enterprise, its size, location and operation depend upon the availability of funds.

a. good location c. current business trends

69.Current demand of the people.

a. current business trends c. human resources

70.The first step in entrepreneurial activity.

a. planning c. staffing

b. directing d. organizing

71.In planning you have to determine what you want to achieve in putting-up a business in order to give direction to your actions.

a. establish your goals c. determine your capital

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72.In planning you have to know how much money or funds you have for your business plan.

a. establish your goals c. study your market

b. determine your capital d. analyze your managerial skills 73.You need to determine the buying capacity of your customer.

a. establish your goals c. analyze your managerial skills b. study your market d. determine your capital

74.You must determine your knowledge to handle business records and transactions. a. analyze your managerial skills c. determine your capital

b. establish your goals d. study your market 75.Determining what is to be done or what business to put up.

a. planning c. organizing

b. staffing d. directing

76.Deciding on procedures to be implemented. What tasks to perform and how to accomplish them.

a. plannning c. organizing

b. staffing d. directing

77.Employing qualified persons to assist in the business operation.

a. staffing c. organizing

b. planning d. directing

78.Guiding people in the implementation of the plan through direct supervision, orientation and development programs.

a. staffing c. directing

b. planning d. organizing

79.Assessing the flow of the business, to find out whether it is making good or not.

a. staffing c. evaluating

b. planning d. directing

80.In choosing the best location for your business: it should be near the source of supply.

a. cost of labor c. accessibility

b. reliability of transportation facilities d. availability of water and waste disposal facilities

a. cost of labor c. reliability of transportation facilities b. accessibility d. availability of water and waste

disposal facilities

a. reliability of transportation facilities c. accessibility

b. cost of labor d. availability of water and waste disposal facilities

a. cost of labor c. accessibility

b. reliability of transportation facilities d. availability of water and waste disposal facilities

84.The recording and reporting of all business transactions for easy reference and for use in making future business decisions.

a. bookkeeping c. accounting

b. management d. recording

85.A typewriter with bigger print

a. pica c. bica

b. elite d. delite

86.A typewriter with a center point of 50 on the scale and with small print.

a. pica c. bica

b. elite d. delite

87.The key or lever used to return the carriage to the right and start a new line. a. carriage return c. left carriage release

b. platen d. paper guide

88.The lever at an end which allows the carriage to be moved by hand. a. carriage return c. left carriage release

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89.A handle on both ends of the cylinder

a. cylinder knob c. paper guide

b. regulator d. card holder

90.A lever that controls space between lines

a. paper bail c. paper guide

91.A rubber roller which makes the paper move around.

b. platen or cylinder d. card holder 92.The blade against which the paper is placed.

a. paper bail c. carriage

b. paper guide d. card holder

93.The part where cards and envelops are pressed close to the cylinder.

94.The key lever or button that is used to adjust the margin setting.

b. regulator d. margin stop

95.It indicates the scale point where the machine is ready to print.

a. cylinder c. paper guide

b. printing point indicator d. card holder 96.Adjust the paper to the cylinder.

97.Loosens the paper to straighten or remove it from the printer.

a. paper bail c. paper release

98.The lever on the right that frees the carriage so it can be removed.

a. paper release c. paper guide

b. carriage release d. card holder

99.The top moving part that carries paper.

a. platen c. paper guide

b. carriage d. card holder

100.Moves carriage one space at a time.

a. paper bail c. space bar

b. regulator d. back space key

101.Places the tab stop at the desired point.

a. tabulator c. tab clear key

b. tab set key d. card holder

102.Releases carriage to move to a point where a tab is set.

103.Advances the carriage one space at a time.

a. paper bail c. space bar

b. regulator d. back space key

104.Removes the tab stops at a time.

105.Unlocks the margin stop.

a. margin stops c. tab clear key

b. margin release d. card holder

106.Disengages the ribbon or any part of it if it has two colors.

a. ribbon regulator c. ribbon tab

b. ribbon color control d. ribbon holder 107.The left hand guide key

a. A S D F c. J K L ;

b. B S D F d. L M N

108.The right hand guide keys are

a. A S D F c. J K L ;

b. B S D F d. L M N

109.The qualities of a good typist.

a. speed and effort c. speed and accuracy

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110.The first mechanical device developed to help man compute.

a. abacus c. step wheel machine

b. rotating wheel calculator d. Mark I 111.The ______ started the use of the abacus in computing.

a. Chinese c. Japanese

b. Turkish d. Vietnamese

112.The French mathematician who made the rotating wheel calculator.

a.

Charles Babbage c. Blaise Pascal

b. Gottfried Van Liebiz d. Joseph Marie Jacquard

113.

The “rotating wheel calculator” was invented during the Process data in

continuous 16th century the ____________.

a. Age of Scientific Restoration c. Age of Scientific Renovation b. Age of Scientific Revolution d. Age of Scientific Resolution 114.The mechanical device that could perform all the four operations such as

addition, subtraction, multiplication and division and could calculate square roots. a. step wheel machine c. rotating wheel calculator

b. punch card machine d. abacus

115.The device that is used to automate weaving.

a. step wheel machine c. rotating wheel calculator

b. punch card machine d. abacus

116.Considered as the “Father of Modern Computers”.

a. Charles Babbage c. Blaise Pascal

b. Joseph Marie Jacquard d. Howard Aiken 117.The first step in the development of the modern computer.

a. Mark I c. ENIAC

b. EDVAC d. EDSAC

118.The first complete electronic digital computer.

a. Mark I c. ENIAC

b. EDVAC d. EDSAC

119.The first computer to operate for internally stored instruction.

a. Mark I c. ENIAC

b. EDVAC d. EDSAC

120.Process data in continuous forms at high speed.

a. large scale computer c. medium size

computer

b. super computers d. analog computers

121.

Largest and fastest machine with a capacity of 50 million operations per second.

computer

122.Provide reading numbers accurately than analog computers, because they measure and represent quantities in distinct variables.

a. digital computer c. medium size computer

b. excel computers d. analog computers

123.Programmed to perform many functions.

a. general purpose computer c. medium size computer b. special purpose computer d. analog computers

124.Capable of great operating speed, larger memory and high speed input and output devices.

computer

125.Performs only a specific set of operation.

a. general purpose computer c. medium size computer b. special purpose computer d. analog computers 126.Is equivalent to 1 billionth of a second.

a. millisecond c. seconds

b. nanosecond d. minute

127.An electronic devise designed to generate useful information through proper manipulation of data.

a. digital computer c. calculator

b. computer d. robots

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a. hardware b. software c. microchip d. application 129.A set of instructions or programs that are created by programmers to control the

computer’s response to user input.

a. hardware b. software c. microchip d. application 130.The heart and brain of the computer

a. hardware b. CPU c. primary storage d. application 131.Provides output in audio form

a. hardware b. printer c. speech synthesizer d. cd

132.Supervises or monitors the activities performed by the entire computer system. a. primary storage b. control unit c. main storage d. storage 133.The memory or main storage

a. primary storage b. software storage c. main storage d. storage 134.Performs arithmetical and logical operations. It is where data is manipulated.

a. arithmetic logic unit b. primary storage c. primary

storage d. main storage

135.Prints processed data in a form people can read.

a. printer b. scanner c. monitor d. c.p.u.

136.A television which like video screen supplies what is known as soft copy, since it does not give you a permanent record.

a. printer b. scanner c. monitor d. c.p.u.

137.The bridge between the computer and the user

a. operating system b. computer system c. application

program d. control

138.Data gathered and entered into the computer in a form acceptable to the computer.

a. processing b. input c. output d. control

139.This is the stage involved in the manipulation of data or the performance of operations on the entered data, according to program or a list of instructions.

a. input b. processing c. output d. control

140.The product of the processing stage.

a. input b. processing c. output d. control

141.A collection of fields

a. bit b. byte c. field d. record

142.A group of bits

a. file b. byte c. databank d. bit

143.The smallest unit

a. bit b. byte c. file d. databank

144.A collection of related record

a. data bank b. file c. record d. storage

145.A collection of logically related files

a. file b. databank c. field d. record

146.A combination of bytes

a. bit b. byte c. field d. record

147.A computer is an _______________ device designed to generate useful information. a. electrical b. electronic c. perfect d. important 148.A computer is an __________ object which needs human intervention for its

operation.

a. animate b. amazing c. inanimate d. useful

149.If properly manipulated, a computer can produce __________ results.

a. accurate b. perfect c. correct d. incorrect

150.A computer has the capacity to produce data ______ than any type of machine.