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WorksheetsEntrepreneurship Reviewer
Total questions: 80
Worksheet time: 46mins
Which of the following is the most basic of all management functions?
staffing
organizing
planning
controlling
What are considered as positive factors of a business venture?
strength and weakness
weakness and threats
strength and opportunities
opportunities and weakness
Which is not true in a business plan?
it eliminates risk
it minimize cost
it does not detect the defect
it forecast future information
What is the most likely the cause of failure of Filipino entrepreneurs?
failure to meet the deadlines
weakness
grab mentality
bahala na attitude
What is your guide in managing the enterprise?
concept paper
financial plan
production plan
business plan
Which of the following choices does not belong to the principles in
running a small enterprise?
planning must be flexible
planning must be realistic
planning must start with simple project
planning must be manageable
Why do making a business plan can minimize or eliminate the risk?
because it involves a careful study of the competence, interest and
resources of the entrepreneur against the needs of the consumers.
because goals and procedure are being created
because reevaluation may be done to avoid encountering the same
problem.
because every aspect of the business operations is monitored and
controlled which prevents unnecessary waste of resources that will
result to economy and efficiency.
Why do making a business plan can minimize the cost of production?
because goals and procedure are being created
because reevaluation may be done to avoid encountering the same
problem.
because it involves a careful study of the competence, interest and
resources of the entrepreneur against the needs of the consumers.
because every aspect of the business operations is monitored and
controlled which prevents unnecessary waste of resources that will
result to economy and efficiency.
Why do making a business plan can identify the defect of the
business operation?
because it involves a careful study of the competence, interest and
resources of the entrepreneur against the needs of the consumers.
because it involves a careful study of the competence, interest and
resources of the entrepreneur against the needs of the consumers
because every aspect of the business operations is monitored and
controlled which prevents unnecessary waste of resources that will
result to economy and efficiency.
because goals and procedure are being created
Which of the following purpose of making a business plan is not
correct?
to attract investors and lenders.
to create an effective strategy for growth,
to make ineffective
to determine your future financial needs, and
In business, time is gold. For this reason, an
Entrepreneur must be efficient in (a) .
Planning is what to do it, how to do it, when to do it and (a) in the future.
(a) eliminates risks.
Planning must start with simple (a) .
The positive factor of planning is called (a) .
Every aspect of the business operations is monitored and controlled which
prevents unnecessary waste of resources that will result to economy and
efficiency?
planning must be realistic
A business plan can also minimize the cost of production
Making a business a plan can minimize or eliminate risks
A business plan can also identify the defects of the business operations
It must be based on available human, financial and physical resources?
planning must be realistic
planning must be flexible
planning must start with simple project
planning must be based on the needs of the community
Reevaluation may be done to avoid encountering the same problem?
A business plan can also minimize the cost of production
Making a business a plan can minimize or eliminate risks
A business plan can also identify the defects of the business operations
planning musst be realistic
A business plan can also identify the defects of the business operations
planning must be realistic
panning must be flexible
planning must start with simple project
planning must based on the needs of the community
This requires simple management and technology, thus, the micro
business is advised.
planning must be flexible
planning must be realistic
planning must based on the needs of the community
planning must start with simple projects
A feasibility study is necessary because through this, an entrepreneur
can determine whether his/her choice is profitable or not?
A business plan can also minimize the cost of production
Making a business a plan can minimize or eliminate risks
A business plan can also identify the defects of the business
operations
planning must be realistic
It is the process of setting up goals for a particular business undertaking
done through a step-by-step process?
feasibility study
project proposal
business plan
concept paper
Goals and objectives are formulated. Procedure, strategies and
techniques are planned?
planning must be realistic
A business plan can also minimize the cost of production
Making a business a plan can minimize or eliminate risks
A business plan can also identify the defects of the business
operations
how does business plan help the entrepreneurs?
it will ruin entrepreneur's plan
Business plans help entrepreneurs take their visions and turn them
into tangible action plans for success.
It serves as a guide in managing the business.
b and c
The purpose of making a business plan?
to attract investor and lender
to create an effective strategy for growth,
to determine your future financial needs, and
a, b and c
benefit of business plan
(a)
principles in running a business
(a)
The component of a business plan which identifies the available raw materials in your community.
environment
organitional plan
location of the business
behavior of the product
Why is an organizational plan needed in planning a business?
To find out what products and services are available and which of
these can be improved
To coordinate the activities of the work force towards the company’s
goals
to determine need of the community
To identify the market trends in the community
It is the process of setting up goals for a business endeavor and taking up steps to achieve these.
business planning
business expertise
business enterprise
business operation
The component of a business plan which identifies the available raw materials in your community.
environment
behavior of the product
location of the business
organizational plan
There are several factors to consider in selecting the location of your business. Which of these factors is not included?
the quality of the product
behavior of the product
The availability of transportation facilities, communication, water, electricity, and labor.
The cost and availability of land
The definition of a Feasibility Study is?
Is a constituent part of the business plan.
Deals with the introduction statement of the problem
Deals with the selling and buying activities of the business.
Is an analysis and evaluation of a proposed project to determine its profitability.
How many parts does the concept paper have?
3
6
9
5
This is measured by economic benefits to the people living in the community and its vicinities?
marketing study
financial study
technical study
social study
This part is very important because it helps to improve the project in the future?
objectives
introduction
terms and condition
recommendation
This involves the manpower, money, machinery, materials, and methods
to be able to produce the desired output based on anticipated profit?
financial plan
management plan
production plan
It is created to minimize risk and to ascertain the viability of a project.
business plan
project proposal
concept paper
feasibility study
It is a written plan for a business on how it will be managed.
concept paper
project proposal
business plan
feasibikity study
nature of the business, the sales and marketing strategy, the financial background, containing a projected profit and loss statement.
business plan
concept paper
feasibility study
project proposal
This is the initial document that converts an idea or policy into the details of a potential project.
feasibility study
concept paper
business plan
project proposal
essential parts of business proposal/project proposal
(a)
components of business plan
(a)
different parts of concept paper
(a)
feasibility major components
(a)
types of business plan
(a)
The seventh (7) step in preparing a business plan is
Make a financial plan
Make a production plan
Make a management plan
Make an evaluation of your personal resources, interests, available raw materials, and available specialized technical skills in your community. Create a name of your business. Does it talk well about what are you selling? Is it easy to spell and remember?
To be fully equipped with the knowledge and skills in developing your own business plan as an entrepreneur you need to know
The financial plan of the business
The steps in preparing the business plan
The criteria in selecting the location of the business
The proper way to conducts an analysis or survey of your market
There are how many steps in preparing a business plan?
3
6
8
7
“Do you have a proper scheduling of production”? This is referring to the_
Make a financial plan
Make a production plan
Select a proper business location
Conduct an analysis or survey of your market.
The fourth (4) step in preparing a business plan is
Make a financial plan
Make a production plan
Select a proper business location
Conduct an analysis or survey of your market.
The first step in preparing a business plan is
Make a financial plan
Make a production plan
Make a management plan
Make an evaluation of your personal resources, interests, available raw materials, and available specialized technical skills in your community. Create a name of your business. Does it talk well about what are you selling? Is it easy to spell and remember?
In making a management plan you need to know
What customer policies will you adapt?
What will be your program of social responsibility?
What human resource development program will you undertake?
A, B, and C
“Is the place accessible to raw materials and other supplies”? This is referring to the
Make a financial plan
Make a production plan
Select a proper business location
Conduct an analysis or survey of your market.
''Is the location clean, decent, and peaceful”? This is referring to the
Make a financial plan
Make a production plan
Select a proper business location
Conduct an analysis or survey of your market.
“Are the customers interested in the existing product or services”? This is referring to the
Make a financial plan
Make a production plan
Select a proper business location
Conduct an analysis or survey of your market.
What customers policy will
you adapt?
management plan
business plan
are there customers in place?
business location
management plan
how many competitors are there in the market?
survey of your market
management plan
how much money will you need?
organizational plan
financial plan
Who will be your workers?
organizational plan
financial plan
What to consider in making an organizational plan?
Who will be your workers?
Do you have a proper scheduling of production?
What will be the duties and responsibilities of each?
A and C
What to consider in making a financial plan?
how much money will you need?
What will be your program of social responsibility?
Find out what type of organization is most suitable
What human resource development program will you undertake?
What is the fifth (5) step in preparing a business plan?
Make a financial plan
Make a production plan
Select a proper business location
Conduct an analysis or survey of your market.
What to consider in conducting an analysis or survey of your market?
is there a good demand for your product or service?
How many competitors are there in the market?
Are the customers interested in the existing product or services?
A, B, and C
What is the third (3) step in preparing a business plan?
Make a financial plan
Make a production plan
Select a proper business location
conduct an analysis or survey of your market.
Which of these is not part of making an organizational plan?
Who will be your workers?
Do you have a proper scheduling of production?
What will be the duties and responsibilities of each?
Are you acquainted with the laws, policies, and requirement of your business organization?
Which of these is not part of making a management plan?
What customer policies will you adapt?
What will be your program of social responsibility?
Find out what type of organization is most suitable
What human resource development program will you undertake?
Which of these is not part of making a financial plan?
How much money will you need?
What are your sources of funds?
Is the place accessible to raw materials and other supplies?
Does your budget determine how you will spend your money?
Which of these is not part of selecting a proper business location.
is there a reasonable profit?
Are their customers in the place?
Is the location clean, decent, and peaceful?
Are facilities such as electricity, water, transportation, and communication available?
Which of these is not part of conducting an analysis or survey of your
market.
Are raw materials available?
What product or service will you offer?
Is there a good demand for your product or service?
Are the customers interested in the existing product or services?
The needs of the people in the community should be identified?
organizational plan
behavior of the product
location of the business
environment
The overview of the proposal from beginning to end should be stated in
the project proposal?
procedure
executive summary
rationale
project organization and managemnet
The steps are being explained where to start and to end.
rationale
justification
procedure
project organization and management
You should determine the source for the input and output, the profits,
and the loss of the business?
budget
project organization and management
objectives
rationale
This emphasizes the need of the proposal.
budget
rationale
objectives
justification
It is a written plan for a business on how it will be managed. It is a tool to
represent a certain venture anticipating its future.
feasibility study
project proposal
concept paper
business plan
You should include the assessment of total capital requirements break-
even outputs, sales and prices, number of sales required to earn a
certain amount of profit and the cash payback period.
social desiribility
marketing study
financial study
technical study
It is the initial document that converts an idea or policy into the details of
a potential project
feasibility study
concept paper
business plan
project proposal
This is the initial document that converts an idea or policy into the details of a potential project.
project proposal
feasibility study
business plan
concept paper
