2Q Quiz6-Business Implementation

The government agency responsible for registering your business trade name.

• SEC

• DTI

• BIR

• City or Municipality

A type of chart that illustrates a project schedule, it shows the dependency relationship between activities and current schedule status.

• Grantt Chart

• Gantt Chart

• Flow Chart

• Business Chart

Business Implementation involves the following, except

• This is the process of executing a plan into practice.

• Involves establishing structures and activities needed to introduce a business into the marketplace.

• Is the process of executing a plan or policy so that a concept becomes a reality.

• It is the process of planning the operation of the business.

All of the following are duties of the student/ owner of the business EXCEPT one.

• Negotiate the location of the business.

• Purchase the necessary materials, equipment, and fixtures required in the operation of the business.

• Record the opening entry and other business transactions in the journal.

• Conduct a regular inspection of the small business.

This part details what must be accomplished to achieve the objectives.

• Goal

• Tasks

• Time Allocation

• Progress

Which of the following should be prepared before the opening of a small business?

• Municipal or City Permit

• Store

• Business Contract

• All of the above

One importance of business implementation is when a company shares its ideas and goals with workers and the workers feel a sense of ownership and loyalty to the company.

• change

• organizational development

• increased cooperation

• clear priorities

This is important in business implementation because it helps unite departments, opens the lines of communication, creates a diverse culture within the organization, and increases efficiency and productivity

• change

• organizational development

• increased cooperation

• clear priorities

The student -entrepreneurs can eventually proceed to sell once they already have the finances. Do you agree with this?

• Yes, because they have all the right to decide.

• No, they have to prepare first the requirements in opening the business.

• It depends on them.

• No, it depends on the teacher.

What is the purpose of going to BIR ?

• Business tax purposes

• Business permit purposes

• Sanitation purposes

• Registration of business trade name