Quiz 1 and 2: Sound Business Ideas and Strategic Planning

What do you call when ALL generated ideas were accepted?

• Status quo

• Zero list

• Shorter list

• Accepted list

What ideas were generated after encountering different people or realizing through activities; which are not being planned?

• Deliberate Search

• Unanticipated Means

• Planned Actions

• Accidental Plans

SITUATION:

Mr. Lee decides on making a Electronics Repair Shop. He enrolled in an Electronics Repair Course to prepare himself.

• Marketing Feasibility

• Technical Feasibility

• Financing Feasibility

• Financial Feasibilty

SITUATION:

Ms. De Venecia always make sure all expenses and income are reflected in different statements to ensure her business standings.

• Marketing Feasibility

• Technical Feasibility

• Financing Feasibility

• Financial Feasibilty

What is the last step in creating "Sound Business Ideas"?

• Preparation/ List of Ideas

• Screening of Listed Ideas

• Final Selection

• Testing the various Ideas

TRUE or FALSE:

Both Opportunities and Threats are INTERNAL factors.

• TRUE

• FALSE

TRUE or FALSE:

STRENGTHS indicates the good qualities within you or your company that is beneficial in your venture.

• TRUE

• FALSE

TRUE or FALSE:

SWOT Analysis is considered as your Road Map to business planning.

• TRUE

• FALSE

TRUE or FALSE:

Strategic Planning improves your business’s non-awareness.

• TRUE

• FALSE

Which is not included in "Strategic Planning Cycle"?

• Goals

• Desired Outcome

• Fictional Desires

• Strategies