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WorksheetsHPC 6 - Pre-Final Examination
Total questions: 30
Worksheet time: 15mins
The following are the purpose of writing a business plan, EXCEPT
Obtain Financing
Create Joint Ventures, Mergers, Acquisitions
Put the Pieces Together
Breach of Contracts of Employees and Manager
It provides a road map for strategic planning and outlines the actions needed to take the proposal from “idea” to “reality”
(a)
After the feasibility study has been completed and presented the following course of action should be considered, EXCEPT
Choosing the most viable business model, developing a business plan and proceeding with creating and operating a business
Identifying additional scenarios for further study
Deciding that a viable business opportunity is not available and moving to end the business assessment process
Reject course of action
Arrange the following steps for an Economic Feasibility Study accordingly. Write ONLY the number
1. Identify and Estimate all Fixed Costs
2. Identify and Estimate Project Related Costs
3. Identify and Estimate all Variable Costs related to the Proposed Business Venture
4. Identify and Estimate all Capital Expenditures
(a)
Primary data can include industry and trade publications, statistics of industry associations, and government agency reports
True
False
Secondary data can include formal interviews and surveys
True
False
Which of the following is NOT a purpose of feasibility study?
Attract Key Managers and Employees
Help in securing funding from lending institutions and other monetary sources
Identify reasons NOT to proceed
Provide quality information for decision making
Which of the following statement is the advantage of conducting a feasibility study?
Put the Pieces Together
Provide a thorough examination of all issues and assessment of probability of business success
Focus Founders and/or Management Team
All of the above
Three (3) levels of feasibility study
(a)
(a) is an analysis of the viability of an idea through a disciplined and documented process of thinking through the idea from its logical beginning to its logical end.
An organization made up of individuals and businesses in a specific industry that works to promote that industry
Employees Union
Business venture
Trade Organization
None of the above
Which of the following are the common mistakes in preparing Business Plans
projecting exaggerated growth levels and underestimating the need for capital
trying to be have expertise in all areas
claiming performance above industry averages
all of the above
Every business plan should have a (a) , a title page, a table of contents, and supporting documents
The ___________ plan section of the business plan looks at the risks to business, such as changing economic conditions and lower-than-expected sales.
contingency
business
maintenance
financial
The plan that presents forecasts for the future of the business which includes financial statements.
(a)
Describes all the processes involving the production and delivery of the product or service.
Operational Plan
Organizational Plan
Contingency Plan
Financial Plan
A company plans on how to make its customers aware of its products or services, market niche, pricing, company image, marketing tactics, a media plan, and a marketing budget.
Market Analysis
Marketing Plan
Operational Plan
Contingency Plan
A declaration of the specific aspirations of a company, the major goals for which it will strive
Core values
Company description
Mission statement
Industry overview
A brief recounting of the key points contained in a business plan
Company background
Mission statement
Core values
Executive summary
18 parts of a business plan
(a)
The distribution channel through which a product or service flows from the producer to the customer
Value chain
Distribution Channel
Direct Channel
All of the above
A working model used by entrepreneurs to determine what it takes to develop their products or services
(a)
A clear and concise description of a business opportunity; it contains four elements: the product or service, the customer, the benefit, and the distribution.
Business Concept
Industry Overview
Vision and Mission Statement
Prototype
The HACCP system requires the preparation and maintenance of a written HACCP plan together with other documentation. This must include all records generated during the monitoring of each CCP and notations of corrective actions taken.
True
False
Is a planned sequence of measurements or observations to ensure the product or process is in control.
verification
monitoring
record keeping
documentation
CCP’S are the points in a food's production (from its raw state To consumption) at which the potential hazard can be controlled or eliminated. CCP means (a)
Seven (7) Principles of Food service HACCP Program
(a)
A systematic approach to the identification, evaluation, and control of food safety hazards based on assessing the natural hazards or risks in a particular product or process and designing a system to control them.
(a)
Three (3) types of hazard which are conditions cause a health risk to the consumer or may cause food-borne illnesses.
(a)
Disease-causing bacteria, viruses, parasites, molds, yeasts, and naturally occurring toxins are examples of biological hazards
True
False
