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WorksheetsBUSINESS OPPORTUNITY
Total questions: 51
Worksheet time: 26mins
The entrepreneur gets a wealth of experience while risking his own money only.
TRUE
FALSE
International, local and ____ are types of business opportunities
National
livestock
Bilateral
Advanced
Example of international Business opportunity is
Dancing
Farming import and export
Barbing
Mining
For Higher probability of success you must have an attitude of being innovative. What Evaluated Factors do an entrepreneur must have?
Market
Technology
Interest
Man power
It is typically the choice of beginning entrepreneurs.
government grants
Bootstrapping
partnership
sponsoring company
Other grants are available to the entrepreneur at the federal, state and _______ levels.
national
international
local
provincial
After generating profits, a company decides what to do with the earned capital and how to allocate it _________?
effectively
daily
monthly
efficiently
Companies obtain debt financing privately through ________.
relatives money
personal pocket
Bank loans
None of the above
In debt financing, the issuer (borrower) issues_______securities.
revenue
investment
income
debt
The retained earnings can be distributed to shareholders as ________.
cash
dividends
profit
liability
The sources of funding are retained earnings, debt capital and _______.
small capital
equity capital
multiple capital
single capital
Funding can be initiated for either short-term or long-term purposes.
TRUE
FALSE
The owner of Jack’s Furniture Workshop, a one man company, manages to get a massive order to fit out a secondary school in Michigan. He puts $10.000 of his savings into the company so he can buy the needed raw materials, fully expecting to earn it back quickly.
This is an example of:
Subsidies
Trade Credit
Personal Funds
Share Capital
The Board of Ching Shu, a debt collection firm, decides to postpone the payout of shareholder dividends to finance company expansion. The funds are used to open new offices, increasing their circle of activity. The shareholders think this is a great move as they think this will increase their stock value over time.
This is an example of:
Grants
Share Capital
Retained Profits
Venture Capital
Which of the following is not a source of debt financing?
Angel Investors
Credit Unions
Micro Loans
Credit Cards
Starting a business by yourself, without any outside investment.
Crowdfunding
Bootstrapping
Equity Financing
Debt Financing
Which of the following is NOT an example of equity financing?
Credit Cards
Angel Investorl
Customer Financing
Venture Capital
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that only describes the ownership of the business.
Written document that describes the financial aspects 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
t'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
A brief account of the key points contained in a business plan
Executive Summary
Company Description
Mission Statement
Vision Statement
A description that provides an outline of a business
Executive Summary
Company Description
Contingency Plan
Mission Statement
A description that provides an outline of a business
Executive Summary
Company Description
Contingency Plan
Mission Statement
A description of the product or service to be offered
Operational Plan
Marketing Plan
Product and Service Plan
Industry Overview
Research of the potential customer’s profile
Market Analysis
Marketing Plan
Mission Statement
Growth plan
A plan presenting financial forecasts for the business
Financial Plan
Investor Plan
Loan Proposal
Business Loan Plan
A business plan would normally be updated:
Every day
A month after the business starts
Once a business adjusts its aims/objectives
Never - It stays the same in its original form
Refers to what you are selling, including all of the features, advantages and benefits that your customers can get.
Price
Promotion
Packaging
Product
Who will benefit from the product/service?
marketing Strateg
Business Model
Target Market
goals
What does “internal factors” mean?
Factors that can be controlled by a business but are factors inside the business
Factors that can be controlled but are factors outside of the business
Factors than can not be controlled by a business but are factors inside the business
What are 2 examples of internal factors?
Effective planning & competitors
Understanding the market & marketing and promoting
Government legislation & customer satisfaction
What are 2 examples of external factors?
Change in costs of materials & competitors
Competitors & marketing
Government legislation & customer satisfaction
Which 1 of the factors below IS an internal factor
Costings of materials
Competitors
Customer satisfaction
Government legislation
Which 1 of the factors below IS an internal factor
Planning and finance
Competitors
Costings of materials
Government legislation
Which 1 of the factors below IS an internal factor
Government legislation
Competitors
Costings of materials
Understanding the market
Which 1 of the factors below IS an internal factor
Government legislation
Competitors
Human resource costs
Costings of materials
Which 1 of the factors below IS NOT an internal factor
Human resource costs
Competitors
Customer satisfaction
Understanding the market
Which 1 of the factors below IS NOT an internal factor
Human resource costs
Customer satisfaction
Government Legislation
Understanding the market
Which 1 of the factors below IS NOT an internal factor
Understanding the market
Customer satisfaction
Human resource costs
Changes in consumer behaviour
Which 1 of the factors below IS NOT an internal factor
costs of marketing
Customer satisfaction
Human resource costs
Understanding the market
