Business Principles Quiz

Which principle involves team involvement?

• Clarity

• Participation

• Realism

• Flexibility

Which business plan section analyzes industry trends?

• Market Analysis

• Executive Summary

• Product Line

• SWOT

Business ethics does NOT include:

• Bribery prohibition

• Conflict of interest avoidance

• Environmental responsibility

• Exploiting workers

Which agency registers a sole proprietorship?

• SEC

• DTI

• BIR

• DOLE

Which era was characterized by harsh labor and child exploitation?

• Pre-Industrial

• Industrial Revolution

• Post-WWII

• Contemporary

Who introduced Stakeholder Theory?

• Milton Friedman

• R. Edward Freeman

• Carroll

• Salford & Co.

Which is NOT required if you hire employees?

• SSS Registration

• Pag-IBIG Registration

• SEC Registration

• PhilHealth

Carroll's Pyramid's topmost layer refers to:

• Economic

• Legal

• Ethical

• Philanthropic

Which start-up source involves public donations via the internet?

• Angel Investors

• Microfinance

• Crowdfunding

• Personal Savings

What is a business plan?

• An informal idea about a business

• A written document describing business goals and strategies

• A tax document

• A marketing poster