Entrepreneur 9

Which of the following is the most basic of all management functions?

• controlling

• directing

• organizing

• planning

What are considered as positive factors of a business venture?

• opportunities and weaknesses

• strengths and opportunities

• strengths and threats

• strengths and weakness

Which is NOT true in a business plan?

• It does not detect the defect.

• It eliminates risk

• It forecasts future situations.

• It minimizes costs.

What is the most likely the cause of failure of Filipino entrepreneurs?

• crab mentality

• failure to meet deadline

• weaknesses

• bahala na attitude

Before creating a business plan, this important thing is a must for you to know in order to see if you have what it takes to be an entrepreneur

• determination

• idea

• self-awareness

• research