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WorksheetsShort Quiz #1_Entrepreneurship
Total questions: 15
Worksheet time: 5mins
_____________ is the owner's share of the assets of a business.
Owner's Equity
Liabilities
A _________________ details the computation of net revenue by deducting cost of sales, expenses, and taxes.
Financial Statement
Balance Sheet
This refers to the high value asset that is submitted by the business to the bank when applying for a loan.
Collateral
Revenue
This can be described as the "best friend" of manpower in producing goods and offering services.
Manpower
Machines
_________________ is a one to two day session that summarizes the history of the business, mission and vision, policies, etc.
Human Resource Department
Employee Orientation
This is the process of bringing the products or service to the customers. This is not a straight process from the entrepreneur to the customers.
Distribution
Contribution
This serves as a step-by-step guide of the employee and the manufacturing equipment.
Manufacturing Program Flow
Manufacturing Process Flow
A type of floor plan that where similar items are grouped together.
Product-based Layout
Process-based Layout
A type of floor plan where the product equipment, tools and machines are located according to how a product is made.
Process-based Layout
Product-based Layout
A manufacturing site that provides the entrepreneur substantial freedom and flexibility to design and run the commercial space.
Commercial space for rent
Commercial space purchase
A manufacturing site that gives the entrepreneur a more specialized and suited manufacturing site than the manufacturing at home.
Commercial space for rent
Commercial space purchase
This is the process of translating raw materials into finished goods.
Manufacturing
Manafacturing
A ___________ is a preliminary model or sample of new product or service that is created to test a product concept or service process.
Protetype
Prototype
Testing product prototype that ensure the product is safe to use, safe to be consumed and safe to be applied.
Component Test
Safety Test
This aspect represent the day to day operations of business.
Methods
Mathods
