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WorksheetsLQ_Entrep (2nd Qtr)
Total questions: 30
Worksheet time: 18mins
It is where it is explain – in detail – about business/company's objectives, goals, procedures, and timeline
Business Plan
Marketing Plan
Operations Plan
Production Plan
The following are the 4Ms of Operations, EXCEPT:
Manpower
Method
Machine
Manager
In 4Ms, it is the skill, technology, organization, and resources
Manpower
Method
Machine
Materials
In 4Ms of operations, it is the process, schedule, and procedure.
Manpower
Method
Machine
Materials
The following are included in "Material" of Operations, except:
information
raw materials
consumables
qualification
An operations plan is helpful for investors, but it's also helpful for owner and employees because it pushes them to think about tactics and deadlines.
True
False
It is a company's core strategy for profitably doing business
Business Plan
Business Strategy
Business Model
Business Procedures
What are the two primary levers of a company's business model?
Pricing and Costs
Pricing and Cashflows
Expenses and Revenues
Profit and Credit
A good gross expenses suggests a sound business plan.
True
False
If expenses are out of control, the management team could be at fault, and the problems are correctable.
True
False
A type of sales that implies direct contact between a seller and a consumer without involving any third parties.
Direct Sales
Franchising
Advertising-based
Brick-and-mortar stores
A form of business by which the owner of a product, service or method obtains distribution through affiliated dealers.
Direct Sales
Franchising
Advertising-based
Brick-and-mortar stores
A business approach that emphasizes the sale of advertising as a major source of revenue
Direct Sales
Franchising
Advertising-based
Brick-and-mortar stores
This refers to a traditional street-side business that offers products and services to its customers face-to-face in an office or store that the business owns or rents.
Direct Sales
Franchising
Advertising-based
Brick-and-mortar stores
It is a decision-making tool used by many businesses to help in budgeting, planning, and estimating future growth.
Forecasting
Budgeting
Planning
Feasibility
The following are the ways to forecast revenue, except:
Research thoroughly
Provide a thorough breakdown of expenses
Review your company's cash flow history
Review your company's cash flow outflow only
Proper financial forecasts of expenses will help entrepreneur to develop operational and staffing plans that will help make his business a success
True
False
What is the simplest formula in computing profit?
Total Revenue - Total Expenses
Total Revenue + Total Expenses
Total Revenue x Total Expenses
Total Revenue ÷ Total Expenses
It is the process of executing a plan or policy so that a concept becomes a reality.
Business Implementation
Business Planning
Business Model
Business Proposal
It is the activity or occupation of keeping records of the financial affairs of a business.
Recording Transactions
Bookkeeping
Accounting
Financial budgeting
This are reports that summarize important financial accounting information about your business
Income Statement
Balance Sheet
Financial Statements
Bookkeeping
Financial statements include the following, except:
Income Statement
Balance Sheet
Expenses Statement
Cash flow Statement
The following are the reasons for keeping business records, except:
Monitor the progress of your business
Prepare your financial statements
Keep track of your deductible expenses
Identify sources of your property
How much would be our profit if our total revenue is P35,000 and our total expenses is P29,000?
P6,000
P1,015,000
P64,000
P1,200
How much would be our Total Revenues if our Total Expenses is P50,000 and our Profit is P2,500?
P47,500
P20,000
P125,000
P52,500
If the Total Revenue is P130,000 and the Total Expenses is P150,000, the result would be
Profit P20,000
Loss P20,000
Profit P280,000
Loss P280,000
If the Total Revenue is P60,000 and the Total Expenses is P52,000, the result would be
Profit P8,000
Loss P8,000
Profit P112,000
Loss P112,000
If the Total Revenue is P20,000 and the Total Expenses is P19,500, the result would be
Profit P1,000
Loss P1,000
Profit P500
Loss P500
How much would be our loss if our total revenue is P15,000 and our total expenses is P19,000?
P4,000
P6,000
P8,000
P2,000
The Balance sheet includes the following, except:
Assets
Liabilities
Equity
Income
