True or False:
The business plan is prepared using a scientific approach in determining possible business situations considering the different perspectives of people who are interested in the business.
G12 Entrepreneurship Q4Lesson 1&2
Quiz
•
Education
•
12th Grade
•
Easy
Roykristian Villadelrey
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
True or False:
The business plan is prepared using a scientific approach in determining possible business situations considering the different perspectives of people who are interested in the business.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
TRUE or FALSE:
Feasibility study is another document that must be prepared and is of equal importance as the business plan. This serves as the forerunner of the business plan.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
TRUE or FALSE:
The business plan is actually the roadmap of the new business. It is the roadmap of the entrepreneur. It is only the business plan that provides a clear direction and light to an uncertain business endeavor.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What do you call a detailed and integrated written document that describes the various activities involved in opening and operating a new entrepreneurial venture?
Business Plan
Feasibility Study
Test of Possibility
Test of Feasibility
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In general, two major tests are conducted every time a new business idea is created. What are these two major tests?
Test of Possibility
Test of Feasibility
Confidentiality Test
Conduct Test
Test of Culture
Test of Society
Test of Demand
Test of Supply
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What do you call the entrepreneurial task that is not as simple as it sounds, delicate, and important task for the entrepreneur because it may exist in the market for many years?
Formulation and drafting of Business Name
Preparation and Distribution of Business Plan
Conducting and Studying Market Demands
Conducting Feasibility Study
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a major part of the business plan?
Address of the business
Introduction
Executive Summary
Business Description
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