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WorksheetsEntrepreunership
Total questions: 108
Worksheet time: 54mins
How would you encourage customers to buy your product?
A. Follow where they are
B. Offer a minimal information
C. Make the feel uniquely special.
D. Make a fallacy promises. Smile and welcome your customer
Why are business plans used for potential investors and banks?
They are not used by investors and banks
They are only used by banks NOT investors
They are used by investors and banks
For start-up fund
It is a preliminary study undertaken to determine, analyze, and select the best business scenarios. In this study, we assume we have more than one business scenarios
(a)
What should any company do if the strategy does not get implemented as it was planned?
A. Consider going out of business
B. Merge with another company
C. Get more financing
D. Take corrective action to put the project back on track.
It is a preliminary study undertaken to determine, analyze, and select the best business scenarios. In this study, we assume we have more than one business scenarios
(a)
What is the equation for balance sheet ?
(a)
Enumerate the three investments that need to be funded.
(a)
Enumerate the three investments that need to be funded.
(a)
It is to quantify the market potential in a systematic way.
(a)
This process would determine how saturated the market is in the given area of coverage.
(a)
An analysis that takes all of a project’s relevant factors into account including economic, technical considerations – to ascertain the likelihood of completing the project successfully.
(a)
It helps to determine how the business defines its course and the process of accumulating wealth.
(a)
3. What is the hallmark of a successful entrepreneur?
a. Risk bearing capacity
b. Persistence
c. Flexibility
d. Self-confidence
1. The term “Entrepreneur” has been derived from the word “entreprendre” which means:
a. To give
b. To undertake
c. To choose
d. To decide
Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?
a) Merger
b) Minority Interest
c) Joint venture
d) Majority interest
What is the process by which individuals pursue opportunities without regard to resources they currently control?
a) Startup management
b) Entrepreneurship
c) Financial analysis
d) Feasibility planning
Having less than 50 percent of equity share in an international venture is called:
a) Joint Venture
b) Majority interest
c) Minority interest
d) Exporting
Having more than 50% ownership position that provides the entrepreneur with managerial control is called:
a) Joint venture
b) Majority interest
c) Horizontal merger
c) Diversified activity merger
Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?
a) New business model
b) Anatomization
c) None of the given options
d) Creative destruction
4. Which type of entrepreneurs utilizes a chance to introduce a new technique or new product?
a. Innovative entrepreneur
b. Instigated entrepreneur
c. Initiative entrepreneur
d. Fabian entrepreneur
4. Which type of entrepreneurs utilizes a chance to introduce a new technique or new product?
a. Innovative entrepreneur
b. Instigated entrepreneur
c. Initiative entrepreneur
d. Fabian entrepreneur
What is the analytical study of the end products and by-product can throw light on new product ideas?
a. Emerging technologies
b. Market characteristics
c. Social and economic trends
d. Product profile
To whom does the company pay interest?
a. Shareholder
b. Customer
c. Debenture holder
d. Creditor
IPR stands for?
a. Industrial Policy Resolutions
b. Industrial Protection Resolutions
c. Independent Policy Reforms
d. Income Plan Rewards
Which form of growth of the business is diversification?
a. External
b. Vertical
c. Horizontal
d. Internal
When two or more enterprises merge into one to form a new enterprise, what is it called?
a. Absorption
b. Amalgamation
c. Joint Venture
d. Franchising
An optimum capital structure can be defined as a financing mix incurring the ___ cost but yielding the ___ results.
a. Least & maximum
b. Maximum & least
c. Least & minimum
d. Maximum & minimum
The use of informal networks by entrepreneurs to gather information is known as _______.
A. Secondary research.
B. Entrepreneurial networking.
C. Informal parameters.
D. Marketing
Good sources of information for an entrepreneur about competitors can be obtained from_________.
A. Websites.
B. Product information leaflets.
C. Company reports and published accounts.
D. All the above.
A new venture’s business plan is important because ______.
A. It helps to persuade others to commit funding to the venture.
B. Can help demonstrate the viability of the venture.
C. Provides a guide for business activities by defining objectives.
D. All the above.
A new venture’s business plan is important because ______.
A. It helps to persuade others to commit funding to the venture.
B. Can help demonstrate the viability of the venture.
C. Provides a guide for business activities by defining objectives.
D. All the above.
Entrepreneur is to....
Identify opportunities
Skilled labour
come up with solutions
Start up capital
Identify the factor of production (entrepreneur)
A depositor
The person who invented the computer
Irrigated farm land
Raymond Ackerman, the founder of pick n pay
what is an entrepreneur?
An entrepreneur is someone who is confident but can also use other peoples thoughts.
Entrepreneur is usually a creative person who is willing to take calculated risks.
Entrepreneur is money to start a business.
entrepreneur is a skilled labour
How do you spell the Name of this class in English?
Entreprenership
Entrepreneurship
Entreprenuership
Enterpreneurship
Computer company launched by Wozniak and Jobs
Dell
Apple
Microsoft
Sun
Partners that started a successful motorcycle company.
Jobs & Wozniak
Laurel & Hardy
Abbot & Costello
Harley & Davidson
Someone who creates and runs his or her own business.
Employee
Entrepreneur
Shareholder
Stockholder
A small manufacturing business has fewer than this many employees.
500
200
100
50
Whose philosophy was "turning nickels into dollars"?
Madam CJ Walker
Maggie Lena Walker
Madam Lena Walker
Maggie CJ Walker
More than half of all businesses started in the US fail each year.
true
false
Making money is the major reward of entrepreneurship.
true
false
Jane hires Paul and John to work along with her. Paul and John are________________________
Partners
Employees
Entrepreneurs
Which is not outcome of engaging in entrepreneurship?
generating wealth
sure of income
create job opportunity
taking risk in a business venture
A target market is
a group of investors willing to put capital into a business
a generational group of individuals
a group of consumers at which a product/service is aimed
an industry willing to sell and market your product
These symbols tells you the trademark is protected by a federal registration
Copyright
Creative Commons
Trademark
Patent
These symbols tells you the trademark is protected by a federal registration
Copyright
Creative Commons
Trademark
Patent
Laws protecting intellectual property from unauthorized copying.
Licensing
Patent
Trademarks
Copyright
AN exclusive right granted for an invention, which is a product or a process that provides a new way of doing something.
Copyright
Trademark
Copyleft
Patent
Select the best which 7P Concept suits the related with design, value, packaging, branding, warranties and quality
Process
Price
Product
Place
Select one or more from the list below is not included in 7P Concept in Marketing Mix
Price
Plan
Place
Promotion
Product
Select the best which 7P Concept suits the related with smart, run-down, interface, comfort and facilities?
Process
People
Physical Environment
Promotion
Select the best which 7P Concept suits the related with retail, wholesale, mail order, psychological, cost-plus and lost leader?
Process
Price
Product
Place
This type of entrepreneur starts successful businesses repeatedly.
Cereal
Serial
Serious
Salacious
Which company did Russel Simmons start?
Def Jam
Epic
Crow
A small non-manufacturing business has fewer than this many employees.
500
200
100
50
Define the term entrepreneur
The act of opening a new business
Operating a new business
a person who opens a new business
Who can be a entrepreneur?
Only rich people
Only business people
anyone with an idea
only smart people
Who am I. Jane have an idea for a new business that she wants to open. She want to the bank for a loan to start her business. Jane is considered an/a_____________________
Employee
Entrepreneur
Business person
Jane hires Paul and John to work along with her. Paul and John are________________________
Partners
Employees
Entrepreneurs
what is an entrepreneur?
An entrepreneur is someone who is confident but can also use other peoples thoughts.
Entrepreneur is usually a creative person who is willing to take calculated risks.
Entrepreneur is money to start a business.
entrepreneur is a skilled labour
Identify the factor of production (entrepreneur)
A depositor
The person who invented the computer
Irrigated farm land
Raymond Ackerman, the founder of pick n pay
Remuneration of entrepreneur
Wages and salaries
Interest
Profit
Rent
Entrepreneur is to....
Identify opportunities
Skilled labour
come up with solutions
Start up capital
why do we need entrepreneurs in the South African economy
For job creation
Entrepreneurs are often thought of as national assets to be refined, motivated and remunerated to greatest possible extent
They bring profit to the economy
The word entrepreneur comes from french word
How does the market reward an entrepreneur?
They undertake the risk associated with establishment of new enterprises
Through Profits
By having more business partners to share your ideas with.
None of the Above
It is the......who decides what, how by whom and for whom products and services should be produced?
Historians
Employees
Entrepreneur
Manufactures
The process of starting a new business is called?
Initiative
Entrepreneurship
Individuality
Operation
The advantage of buying an existing business
Customers will be familiar with the business location
There may be liabilities for past business contracts
The image of the business will be difficult to change
Employees are inherited rather than chosen
The disadvantage of buying an existing business
There will be an established customer base
Supplier relationships will already be in place
Planning can be based on known historical data
There may be liabilities for past business contracts
What do entrepreneurs do ?
unemployment
no growth
generate jobs
crime
When you are a entrepreneur who is your enemy in the work place?
manufactures
suppliers
consumers
competitors
An individual who creates a new business, bearing most of the risks and enjoying most of the rewards
Entrepreneur
Consumer
Manufacturer
It is a tangible( visible ) item that is put on the market for acquisition, attention, or consumption
Entrepreneur
products
services
It is an intangible item, which arises from the output of one or more individuals.
Entrepreneur
products
services
The general desire or willingness of someone to do something.
motivation
creativity
services
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business.
To help reduce the risk of business failure.
All of the above.
In which of the following situations is a business plan considered to be unessessary
Establishing a business
Planning for the next 5 years
Organising business expansion
Managing the cash flow for a business
Which of the following statements is true?
A strategic plan is a short term plan of action for a business
A tactical plan is a long term plan of how the strategic plan is to be achieved
An operational plan is to do with the day-to-day running of the business
None of the above
What does the acronym SWOT stands for?
Strengths, Weaknesses, Obligations, Threats
Strengths, Weaknesses, Opportunities, Threats
Strengths, Weak points, Opportunities, Threats
Strengths, Weaknesses, Opportunities, Time
How many components are there in a business plan?
10
14
11
12
What is meant by the term "mission statement"?
A broad statement of a business purpose and goals/objectives
A plan of action for future years
A plan of missions in overseas markets/countries
Statement read by a business's CEO during a press conference
Operating history is most likely to be found in
Executive Summary
Operations Plan
Marketing Plan
Business Profile
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business.
To help reduce the risk of business failure.
All of the above.
Complete the sentence: A business plan...
is useful once your business is operational but not much help during the startup phase
is not usually needed once the business is up and running
can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.
Which of the following is NOT a heading on a business plan?
The staff
The idea
Market research
Advertising campaign examples
Competitors
Which of the following is NOT a heading on a business plan?
Finance
Business objectives
The idea
The staff
Motivation techniques
A business plan would normally be updated:
Every day
A month after the business starts
Once a business adjusts its aims/objectives
Every so often
Never - It stays the same in its original form
Which of the following pieces of information would you expect to find within a business plan
How much staff wages are going to cost
The production method the business will use
Information about competitors products
Opinions collected from the customers
The organisation structure of the company
