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Unit Test -TOU 046 Prelim

Authored by Marielle Saclote

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Unit Test -TOU 046 Prelim
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44 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business idea will not last if there is insufficient demand for whatever product or service that is contemplated.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of entrepreneurship is to prove a source of income to the entrepreneurs.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand that remains constant or shows of growth throughout long periods indicates the probability of the market feasibility.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The competitive strength of the competitors must be determined in terms of product offering, price, distribution methods, promotion methods and others.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business idea must be such that the venture can effectively compete with the current or potential competitors.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business idea oftentimes appear easy to execute, but it is not really so when converting them into real products or services with the required quality or quantity.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In technical feasibility, difficulties may be encountered in the procurement of material and manpower.

TRUE

FALSE

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