WorksheetsEntrepreneurship Finals Reviewer
Total questions: 24
Worksheet time: 12mins
The process of accomplishing a plan to make a business concept a reality
business idea
business implementation
business organizing
business structuring
Daily activities that a business engages I bn.
business operations
operation workflow
business analysis
business planning
It shows the interrelationship of positions of individuals in a business enterprise.
business operation
functional structure
organizational structure
business implementation
Organizational structure is applicable to small businesses
simple structure
functional structure
divisional structure
matrix structure
The visual layout of a business process.
operation workflow diagram
business layout
operation elements
business flowchart
A process that involves ensuring sufficient raw materials, staff, and other necessary items to create finished products.
dynamic planning
production planning
production schedule
production programming
The allocation of resources, processes, or events to create goods or services
production plan
product line
production schedule
static planning
The overall administration of business to create the highest level of efficiency within an organization.
operations management
operational supervision
operational control
enterprise delivery system
The process of overseeing the activities of business operations, department or facility, and managing the efficiency of employees.
operations management
operational supervision
operational control
enterprise delivery system
The main purpose of bookkeeping.
to publicize the recent developments in the business
to inform the public of its new product innovation
to keep a record of all financial transactions of the business
to inform the investors of the investment of the business
Business organizations should require employees to be engaged in implementing business ideas.
Invest in training.
Consider other factors.
Have open communication.
Get staff and management involved.
“When the organization shares its ideas and goals with its staff, the staff will also feel a sense of ownership and loyalty to the business. "
change
clear priorities
moving forward
organizational development
An entrepreneur has a business that offers cosmetics and household needs. To be able to concentrate on each product's performance, the entrepreneur divides the organization according to products.
product departmentalization
geographical departmentalization
matrix structure
functional structure
An entrepreneur designed the organizational structure of his business, assigning a functional manager and a project manager for each product. They have a dual reporting relationship.
divisional structure
functional structure
matrix structure
simple organizational structure
It involves the identification of manpower needed to operate a business
staffing
location
technology
process
"Improves the way her staff reserves every order of customers through the use of a new reservation system for stocks. "
staffing
location
technology
process
Accepts contactless electronic payments from customers.
staffing
location
technology
process
The business must prepare just enough goods or services for production.
market demand
product line and capacity
market segment
capital and financing requirements
The estimated demand, the number of machines, and the labor hours the product consumes.
market demand
product line and capacity
market segment
capital and financing requirements
An entrepreneur decreases the number of business product lines to be able to focus and meet the demand of their primary target market.
market demand
product line and capacity
market segment
capital and financing requirements
A business owner, offering personalized mugs, do not create too many sample product for display in his store. Instead, he used pictures of products for different designs and labels as a brochure.
dynamic planning
static planning
scheduled planning
programmed planning
The manager should always set goals and work towards the customer’s best interest.
simplify processes
prioritize the customer
communicate effectively
invest in new technology
A bookkeeping system is important The business owner can track all information necessary in making his operating, investing, and financing decisions.
True
False
The business keeps track of its payments to its suppliers to preserve its credibility to its suppliers and manufacturers.
True
False
