Name:_____________________________ Date:___________

Grade/Yr/Sec:_______________________ Score:__________
SUMMATIVE TEST IN ENTREPRENEURSHIP-12-QUARTER-2

I-MULTIPLE CHOICE: Write the letter of the correct answer on the blank before each number.
_______1. The amount of money a business "makes" during a given accounting period?
A. Profit C. Cost
B. Net Sales D. Gross profit
_______2. It refers to the purchase price of the product including of the product including the total outlay required in
producing it.
A. Profit C. Cost
B. Net Sales D. Gross profit
_______3. Is advance information that could help us prepare and ready for any incoming event?

A. Gross profit rate C. Forecast

B. operating profit margin D. Operating Expenses
_______4. the excess of gross profit from operating expenses?
A. gross profit rate C. Forecast
B. operating profit margin D. Operating Expenses
_______5. It measures its short-term obligations with its most liquid assets and therefore excludes inventories from its
current assets. ?

A. Return of investment (ROI) C. Liquidity Ratios

B. Net Income D. quick ratio
_______6. measures the amount of net income per peso Invested to the business?
A. Return of investment (ROI) C. Liquidity Ratios
B. Net Income D. quick ratio
_______7. These are important in a company management as a means of communicating past successes as well as future
expectations?
A Current ratio C.Financial statements
B. Current Liabilities D. Cash
_______8. Represents the difference between net sales and cost of sales?
A. Profit C. Sales
B. Variable costs D. Gross Profit
_______9 Things that change based on the amount of product being made and are incurred as a direct result of producing the
product ?
A. Profit C. Sales
B. Variable costs D. Gross Profit
_______10. This means the entrepreneur should monitor the development of the tasks and the accomplishment of the
objectives.
A. Progress C. Tasks
B. Time allocation D. Objectives
_______11.The entrepreneur should have a clear idea on what is his purpose of putting up his enterprise.

A. Progress C. Tasks
B. Time allocation D. Objectives
_______12. This means that the entrepreneur should have a time table or a schedule to follow for every task so that the tasks
will be accomplished timely and realize his objectives.
A. Progress C. Tasks
B. Time allocation D. Objectives
_______13. This means that the entrepreneur must know what are the tasks he has to perform in order to realize his
objectives?
A. Progress C. Tasks
B. Time allocation D. Objectives
_______14. For registering yourself or company as an employer and for remitting your employees’ contribution together
with your employer’s share?
A. SSS, PhilHealth, and Pag-Ibig Fund registration
B. Bureau of Internal Revenue (BIR) Registration
C. Bureau of Internal Revenue (BIR) Registration
D. Department of Trade and Industry (DTI)Regestration
_______15.For getting the license to operate in the city or municipality and payment of your local business taxes?
A. SSS, PhilHealth, and Pag-Ibig Fund registration
B. Bureau of Internal Revenue (BIR) Registration
C. Bureau of Internal Revenue (BIR) Registration
D. Department of Trade and Industry (DTI)Regestration
______16. For getting TIN,official receipts and invoices, registering your books of accounts and paying your national
Internal revenue taxes?
A. SSS, PhilHealth, and Pag-Ibig Fund registration
B. Bureau of Internal Revenue (BIR) Registration
C. Bureau of Internal Revenue (BIR) Registration
D. Department of Trade and Industry (DTI)Regestration
_______17. For your business tradename?
A. SSS, PhilHealth, and Pag-Ibig Fund registration
B. Bureau of Internal Revenue (BIR) Registration
C. Bureau of Internal Revenue (BIR) Registration
D. Department of Trade and Industry (DTI)Regestration

_______18. The process of recording business transactions in a systematic and chronological manner?
A. Book of Accounts C. Journal
B. Bookkeeper D. Bookkeeping
_______19. It composed of the Journal and Ledger?
A. Book of Accounts C. Journal
B. Bookkeeper D. Bookkeeping
_______20. The person who is incharge to record, maintain and update business records from all sorts of financial
transactions using account title?
A. Book of Accounts C. Journal
B. Bookkeeper D. Bookkeeping
_______21. Referred to as the book or original entry?
A. Book of Accounts C. Journal
B. Bookkeeper D. Bookkeeping
_______22.It is a subledger in which is recorded all credit sales made by a business?
A. Account Receivable Ledger C. Debit
B. Account Payable Ledger D. Credit
_______23. An accounts payable ledger contains the detail for all invoices received from suppliers.?
A. Account Receivable Ledger C. Debit
B. Account Payable Ledger D. Credit
_______24. The right-hand side entry also known in accounting as “Value Parted With?
A. Account Receivable Ledger C. Debit
B. Account Payable Ledger D. Credit
_______25. The left-hand side entry also known in accounting as “Value Received?
A. Account Receivable Ledger C. Debit
B. Account Payable Ledger D. Credit

“Success seems to be connected with action. Successful people keep moving.

They make mistakes, but they don’t quit.”- Conrad Hilton
GOD BLESS!!!
II. IDENTIFICATION
11.It is the total energy of molecular motion in a substance.____________
12.The depth zone in which temperature decreases rapidly is called._____________
13.Continents deflect or prevent current flow results in circular current called.__________
14.It is a measure of the average energy of molecular motion in a substance.__________
15. Wind moving nearly parallel to latitude as a result of ______________
16. It is a Compressional wave (travels in the same direction the waves move)_____________.
17. This wave, named for John William Strutt, Lord Rayleigh, who mathematically predicted the existence of this
kind of wave in 1885_____________.
18. It records the shaking of earthquake waves on a record called a seismogram______________.
19.It is based on how strongly people feel the shaking and the severity of the damage it causes.____________.
20. It is the uppermost part of the mantle, which is partially molten.___________.

III. ANALOGY: Study the analogy of the set of terms in each number. Write your answer on the blank provided
at the right side of the test paper.

21. Spreading boundaries: new seafloor :Volcanoes

22. Focus: underneath the crust_____________:on Earth’s surface

23. Divergent: spread; Convergent:____________

24. Volcanism: volcanic activities; Tectonic:

25. Oceanic plate: more dense______________:less dense

IV-MATCHING TYPE TEST

Directions: Match column A with the correct answer on column B, write only the letter of answer on the blank
provided at the left side of the test paper.
Column A Column B
_______26. The largest, most powerful storm a.National Hurricane Center
_______27. The most intense part of the storm b.Uppermost right quadrant
_______28. They make two lists of names for storm c.Radar
_______29. Monitor the size and strength of a new storm d.Weather satellite
_______30. The storm gets into range and can be detected e. Hurricane
V-TRUE OR FALSE
Direction: Write TRUE if the statement is correct and write FALSE if the statement is wrong.
_______31. Pyroclastic flow is a mixture of hot volcanic ash and steam that pours upward because it is too
dense to rise.
_______32.Volcanic ash is composed of hot molten rocks less than 2mm across, light enough to drift some
distance on the wind.
_______33 Lahars killed 51,300 at 11 volcanoes in the same period, 44% of them at Nevado del Ruiz in 1985.
_______34. Ash falls killed relatively few, including 300 at Mt. Pinatubo in 1992.
_______35. An erupting volcano can send molten rock, or lava, flowing or spewing forth.
_______36. It can also referred to as an ash flow, nuee ardente, glowing avalanche, or ignimbrite deposit.
_______37. Ash erupts into a column that can rise 6 to 20 km in the air.
_______38. Rain falling during an eruption is common because ash eruptions generate their own volcanic
weather
_______39. On occasion, a volcano may only blow off steam that rises in a nearly white column.
_______40. Although lava flows are incredibly destructive to anything in their path, they move so slowly and
cover such a small area that they generally pose little threat to human life.

VI- ENUMERATION
Direction: Write your answer at the back of your paper.

41-44 Intensity Classification of Typhoon based on PAG-ASA.

45-50 Effects of Typhoon

.
“Recipe for success: Study while others are sleeping; work while
others are loafing; prepare while others are playing; and dream
while others are wishing.”