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WorksheetsEnterprise and Innovation
Total questions: 70
Worksheet time: 47mins
Management accounting and financial are similar because both ______
gather information by applying basic accounting process
report deliver information which is expected to occur in the future such as forecasted sales
reporting must follow GAAP and FRS and conform with legal requirement
aim to deliver relevant information to the interested users of the organization in assisting them to make decisions.
processes are used for the purpose of controlling and performance evaluation
Marketing mix refers to a mixture or blend of various marketing strategies that are designed by the entrepreneurs to satisfy exchanges with a target market. Product strategy refer to ___________
consumers buy goods not only for what the products can do (benefit), but also for what they mean to customers (status, quality and reputation).
a part of this strategy is physical distribution which involves storing and transporting raw materials or finished goods.
advertising, public relations, sales promotion and personal selling
Price is what a buyer must have to give to obtain a product.
Marketing mix refers to a mixture or blend of various marketing strategies that are designed by the entrepreneurs to satisfy exchanges with a target market. Place (Distribution) strategy refer to ___________
consumers buy goods not only for what the products can do (benefit), but also for what they mean to customers (status, quality and reputation).
a part of this strategy is physical distribution which involves storing and transporting raw materials or finished goods.
advertising, public relations, sales promotion and personal selling
price is what a buyer must have to give to obtain a product.
Marketing mix refers to a mixture or blend of various marketing strategies that are designed by the entrepreneurs to satisfy exchanges with a target market. Pricing strategy refer to ___________
consumers buy goods not only for what the products can do (benefit), but also for what they mean to customers (status, quality and reputation).
a part of this strategy is physical distribution which involves storing and transporting raw materials or finished goods.
advertising, public relations, sales promotion and personal selling
price is what a buyer must have to give to obtain a product.
Which is a common characteristic of an entrepreneur?
organized
vindictive
impressionable
irresponsible
What is a disadvantage of being an entrepreneur?
You have more control over your work
You have a more flexible schedule
You do not always receive a regular paycheck
Your work schedule is always predictable
1. An entrepreneur who is tech savvy and is using technology for the purpose of entrepreneurship.
Technopreneur
Agropreneur
Transpreneur
Entrepreneur
2. An entrepreneur should also be able to identify if there’s really a need for that kind of business or an opportunity for it in the market.
Persistence
Commitment to work
Opportunity seeker
Risk taking
2. Refers to business firms where technology is crucial to the business.
Technopreneur
Agropreneur
Transpreneur
Entrepreneur
4. An entrepreneur could and should never be discouraged with obstacles and challenges
Commitment to work
Goal setting
Persuasion and networking
Persistence
5. As entrepreneur, you have to make the people believe in you. And you will not be able to do it if you do not believe in yourself.
Self confidence
Persuasion and networking
Risk taking
Goal setting
5. As entrepreneur, you have to make the people believe in you. And you will not be able to do it if you do not believe in yourself.
Self confidence
Persuasion and networking
Risk taking
Goal setting
6. As entrepreneur, you have to learn how to speak in a way that people will connect with you and understand the purpose of your business existence
Demand for quality and efficiency
Persuasion and networking
Information seeking
Risk taking
7. As an entrepreneur, you should always equip yourself with the current trend and always be aware of what’s happening around you.
Risk taking
Goal setting
Information seeking
Systematic planning and monitoring
8. What is the definition of invention?
A cool idea
An improvement made on an existing design
Turning thoughts or ideas into devices or systems
The quality of being creative
10. Inventions and Innovations are developed to satisfy needs and wants.
True
False
9. What is the definition of innovation?
Another cool idea
An improvement made on an existing design
Turning thoughts or ideas into devices or systems
The ability to create
Which of the following are strategies for overcoming resistance? (choose 3)
Communication
Participation
Threat
Consultation
Conference
Which of the following are strategies for overcoming resistance? (choose 3)
Communication
Negotiation
Manipulation
Empowerment
Influence
Which of the following is NOT a strategy for negotiating change?
Expect resistance
Time for negotiation
Build a coalition
Focus on outcomes
Build a culture
Which of Belbin's roles ca be described as "dynamic, outgoing member of the team; they are often argumentative, provocative and impatient."?
Completer-finisher
Shaper
Team Worker
Social Loafer
Which of Belbin's roles can be described as "they get things done – they have the ability of transforming discussions and ideas into practical activities"?
Shaper
Completer-finisher
Implementer
Co-ordinator
Which of Belbin's roles can be described as "often a calm, positive and charismatic member of the team"?
Co-ordinator
Implementer
Social loafer
Plant
Which of Belbin's roles can be described as "a task-orientated member of the group and as their name implies they like to complete tasks?"
Implementer
Social loafer
Plant
Completer finisher
Which of Belbin's roles can be described as " they help by giving support and encouragement to the other members of the team?"
Team worker
Implementer
Completer finisher
Plant
Which of Belbin's roles can be described as "a strong communicator, good at negotiating with people outside the team and gathering external information and resources?"
Team worker
Resource investigator
Co-ordinator
Implementer
Which of Belbin's roles can be described as "an intellectual and individualistic member of the team, often solving problems?"
Plant
Co-ordinator
Completer finisher
Resource investigator
Which of Belbin's roles can be described as being "unlikely to get aroused in group discussions – they tend to be serious and unemotional, often detached from other members of the team, good at making decisions?"
Implementer
Plant
Co-ordinator
Monitor evaluator
Which of Belbin's roles often "takes a backseat role within the group and does very little work?"
Plant
Plant
Social loafer
Resource investigator
Which of Belbin's roles can be described as "having expert knowledge in some area that is vital to the success of the group?"
Social loafer
Specialist
Implementer
Completer finisher
What is a Team?
A group of people working on different things.
A group of people where one member does all the work.
A group of people where one member makes all the decisions.
A team is a small group of people working together for a common purpose.
Danny shows up late to his group work project meetings every week. Is this an example of good teamwork?
Yes
No
Employers don't care if you work well with others.
True
False
Everyone in your team will have a similar personality.
True
False
_______________ is important at work because you must be able to work with others, especially if you don’t always agree with them.
Honesty
Teamwork
Appearance
Punctuality
'A group of employees working together to reach a specific goal' describes what?
A Facilitator
A Leader
A Mediator
A Team
Which of the following is often called the key attribute of an effective team?
Communication
Problem-Solving
All get on
Motivation
Which of these problems could happen if we don't look after the resources we have?
Loss of animal homes
Climate change
Increase in pollution
All of the above
Sustainability is making sure that the planet and its resources can continue to provide life.
True
False
Sustainability is making sure that the planet and its resources can continue to provide life.
True
False
Which of these problems could happen if we don't look after the resources we have?
Loss of animal homes
Climate change
Increase in pollution
All of the above
The main function of an Environmental impact statement is
To predict the effect a federal project might have on the environment
To produce a record of environmental change throughout history
To satisfy the requirements of international agreements
To limit real estate development and the activities of businesses
Which is NOT a way to decrease your ecological footprint?
Eating less meat and processed foods
Walking or biking to school
Carpool to work
Driving a Hummer (SUV) around for fun
What is something we do daily that does NOT affect our ecological footprint?
taking a shower
driving to school
blowdrying your hair
change your clothes
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.
It details how the proposed business will sell its product to the target consumer.
Marketing Plan
Financial Plan
Organizational Plan
Introduction
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 would not be an operations function in a fast-food restaurant?
advertising and promotion
designing the layout of the facility
maintaining equipment
making hamburgers and fries
purchasing ingredients
Which of the following are the primary functions of all organizations?
operations, marketing, and human resources
marketing, human resources, and finance/accounting
sales, quality control, and operations
marketing, operations, and finance/accounting
R&D, finance/accounting, and purchasing
