G12 Entrepreneurship Q4Lesson 1&2

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

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

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

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

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

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

Which of the following is not a major part of the business plan?

• Address of the business

• Introduction

• Executive Summary

• Business Description

Which of the following is not a factor to consider when deciding on the location of the proposed business?

• Funding Requirement and source

• Proximity to the target consumers

• Availability and cost of transportation

• Presence of direct competitors

What do you call the major part of the business plan that points out the highlights of the business plan as well as a bird's-eye view of its section?

• Executive Summary

• Introduction

• Production Plan

• Operation plan

What do you call a strategic tool that helps determine the external and internal factors affecting the performance of the business?

• Environmental Analysis

• Financial Analysis

• Operational Analysis

• Marketing Analysis