QUIZ # 1 TLE-10 BUSINESS OPPORTUNITY 4 th Quarter

1. Is a consumer need or want that can potentially be met by a new business.

• A. Business Plan

• B. Business Opportunity

• C. Problems

• D. Sources

2. The creation of totally new products and services can happen by accident.

• A. Changes

• B. New Discoveries

• C. Opportunity

• D. Sources

3. This is when proponent forms up the decision to proceed with a project.

• A. Formulation of product

• B. Identification of project

• C. It must be realistic

• D. Based on the needs of community

4. This function includes planning , production , sales etc.

• A. Project appraisal

• B. Proper management

• C. Business plan

• D. Project implementation

5. Is a formal written document containing the goals , time frame of the business.

• A. Sales

• B. Finance

• C. Business Plan

• D. Business opportunity

6. This is when the individual thinks of a specific business ideas to invest his/her money as capital.

• A. Identification of project

• B. Formulation of products

• C. Project appraisal

• D. Project implementation

7. It is help in the developing the brand and boosting the exposure of the business and its services.

• A. Finance

• B. Sales

• C. Marketing

• D. Accounting

8. Is the lifeblood of the business.

• A. Marketing

• B. Sales

• C. Customer Service

• D. Human Resources

9. This includes not being able to seek enough clients, facing competition , fluctuations in the market and rejection of products.

• A. Marketing Problems

• B. Production Operation Problems

• C. Personnel Problems

• D. Financial Problems

10. It is keeping workers satisfied , high rates of tardiness, absenteeism and low morale.

• A. Marketing Problems

• B. Personnel Management problems

• C. Financial Problems

• D. Production Operation Problems