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Micro, Small, and Medium Enterprises S.Y. 2020-2021

This document appears to be a test or assessment on micro, small, and medium enterprises (MSMEs) in the Philippines. It contains multiple choice and true/false questions testing knowledge of key MSME concepts like the top industries and regions for MSMEs in the Philippines. It also tests knowledge of the Micro, Small, and Medium Enterprise Development Council and their role in supporting MSME development. Several essay questions ask test-takers to discuss classifications of MSMEs based on assets and employees, the importance of private sector participation, and guiding principles for MSME development from the Magna Carta for MSMEs.

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Bernice Zoe
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170 views2 pages

Micro, Small, and Medium Enterprises S.Y. 2020-2021

This document appears to be a test or assessment on micro, small, and medium enterprises (MSMEs) in the Philippines. It contains multiple choice and true/false questions testing knowledge of key MSME concepts like the top industries and regions for MSMEs in the Philippines. It also tests knowledge of the Micro, Small, and Medium Enterprise Development Council and their role in supporting MSME development. Several essay questions ask test-takers to discuss classifications of MSMEs based on assets and employees, the importance of private sector participation, and guiding principles for MSME development from the Magna Carta for MSMEs.

Uploaded by

Bernice Zoe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MICRO, SMALL, AND MEDIUM ENTERPRISES

S.Y. 2020-2021

NAME: ______________________________________________________________________________________
YEAR LEVEL: ___________________ SCORE: ______________________

I. ENUMERATION. List down the terms/concepts that best corresponds to the question.

1. What are the top 5 MSME industries in the Philippines? (5 points)


a) _____________________________________________
b) _____________________________________________
c) _____________________________________________
d) _____________________________________________
e) _____________________________________________

2. What are the 5 regions in the Philippines with the highest number of registered MSMEs? (5 points)
a) _____________________________________________
b) _____________________________________________
c) _____________________________________________
d) _____________________________________________
e) _____________________________________________

3. Name at least five members of the Micro, Small, and Medium Enterprise Development Council
(MSMED). (5 points)
a) _____________________________________________
b) _____________________________________________
c) _____________________________________________
d) _____________________________________________
e) _____________________________________________

II. TRUE OR FALSE. Write TRUE if the statement is correct and FALSE if the statement is incorrect.

_____________ 1. It is the policy of the State to promote, support, strengthen and encourage the growth
and development of MSMEs in all productive sectors of the economy.
_____________ 2. A business with an asset size of 2,999,999 is called a micro enterprise.
_____________ 3. An MSME is any business activity or enterprise engaged in industry, agribusiness
and/or services, whether single proprietorship, cooperative, partnership or corporation,
whose total assets falls under the categories prescribed by law.
_____________ 4. Informal MSMEs are those businesses or firms that are officially registered with
concerned agencies.
_____________ 5. Non-financial barriers such as high tax rates, high cost of operations are among the
many hindrances to the growth and development of MSMEs in the Philippines.
_____________ 6. A five-year Micro, Small, and Medium Enterprises Development Plan (MSMEDP) is
Prepared by the Department of Agriculture.
_____________ 7. The Secretary of Trade and Industry is the Chairman of the MSMED Council.
_____________ 8. In 2017, MSMEs accounted for 62.8 percent of employment in the Philippines.
_____________ 9. Appointed members of the MSMED Council shall serve for a term of three years.

_____________ 10. The private sector in the Philippines is encouraged to assists in the building up of
MSMEs through promotion and participation of private voluntary organizations,
Cooperatives, and industry associations.

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III. ESSAY

1. Discuss the three classifications of MSMEs in the Philippines based on their assets size and number of
employees. (5 points)

2. Discuss the importance of the private sector’s participation in the development of MSMEs. (5 points)

3. Briefly discuss the guiding principles for MSME development as laid down in the Magna Carta for
Micro, Small, and Medium Enterprises. (10 points)

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