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WorksheetsMidterm MOE
Total questions: 26
Worksheet time: 13mins
Which of the following statements are correct about operation risk?
The risk that occurred from employee fraud affects accounting and cash.
There is no correct answer.
The risk impacts the day-to-day activity.
The risk that some negative situations can negatively impact the reputation.
Which of the following statements is most correct about the standard deviation?
Comparing higher and lower standard deviation, the entrepreneur should select investing in the lower standard deviation business.
A standard deviation close to 10 indicates that the expected return of the business will be 10%.
Comparing higher and lower standard deviation, the entrepreneur should select investing in the higher standard deviation business because this investment will bring a higher return.
There is no correct answer.
Cost structure refers to *
The combination of production costs and financial costs.
Structure of costs between products and services.
The proportion of fixed costs and variable costs.
Costs that cannot be changed because the costs are already allocated.
Fixed cost refers to *
Cost of repairing machinery and equipment.
Costs that can be changed with production volume.
Costs of production of capital goods.
Costs that remain unchanged regardless of the amount of production.
Which of the following statements is correct about a balance sheet?
Equities equal assets plus liabilities.
Assets equal liabilities plus equity.
Liabilities equal assets plus equity.
Assets equal liabilities minus equity.
Which of the following statements is not the objective of financial reporting?
Entrepreneurs use financial reporting to encourage customers to consider buying more products.
The venture capitalist uses financial reporting as part of the information for
supporting investment to entrepreneurs.
The bank uses financial reporting for making a loan decision.
Entrepreneurs use financial reporting to consider the business performance.
Which of the following statements is the best description of risk ?
Risk refers to the uncertainty of an outcome.
Risk refers to the state of doubt about the future.
Risk refers to the lack of certainty about an outcome.
Risk refers to the chance that an outcome will differ from the expected outcome.
The expected return of a business refers to *
The return that an entrepreneur expects to receive from the business.
There is no correct answer.
The return that the bank confirms with the entrepreneur.
The return that the entrepreneur can guarantee.
Which of the following statements most describe the commercial loan?
A commercial loan is a kind of debt between an entrepreneur and a financial institution such as a bank.
A commercial loan is a kind of debt that an entrepreneur borrows from a
crowdfunding platform.
A commercial loan is money that you ask for support from your business partners.
A commercial is a kind of capital that an entrepreneur raises from their shareholders.
Where should an executive summary be in the business plan?
The last part of the business plan as a conclusion.
It can be anywhere that the business angel wants to see.
The first part of the business plan.
The executive summary is not required as the business plan is already detailed.
Which source of funds is the most important source of money for a new business start-up?
Business angels.
Venture capitalist.
Government agencies.
Self-funding by personal saving.
How should entrepreneurs analyze their customers?
There is no correct answer.
There is no need to analyze customers because our products are in demand in the market.
Entrepreneurs need to analyze both direct and indirect competitors.
Entrepreneurs analyze only direct competitors because they are the main
competitors.
Which block in the Business Model Canvas (BMC) is about financial management?
Customer relationships and revenue streams.
Channels and cost structure.
Revenue streams and cost structure.
Cost structure and customer segmentation.
Which of the following statements best describes the Business Model Canvas (BMC)?
The Business Model Canvas (BMC) is a tool for strategic management that has nine main topics that describe how a business works on one page.
The Business Model Canvas (BMC) is an organization chart model that the company uses to manage its people effectively.
The Business Model Canvas (BMC) is a kind of financial report that consists of a
balance sheet, an income statement, and a cash flow statement.
The Business Model Canvas (BMC) is a kind of risk management tool that describes how to manage financial risk.
What is a hierarchical structure organization chart?
A hierarchical structure is a type of organization chart divided into teams according to projects or products and reported to a project manager.
A hierarchical structure consists of few or no middle managers between employees or staff and the director.
A hierarchical structure is like a semi-autonomous branch according to product lines.
A hierarchical structure is a traditional structure in which a single person or group sits at the top, followed by managers and employees.
Which of the following phrases is correct concerning franchisors' responsibility?
All answers are correct.
Selling products and services.
Recruit and employ new staff for franchisees.
Provide franchisees and their employees with initial and ongoing training programs.
Which statement most accurately describes the characteristics of a sole proprietorship business owner?
A sole proprietorship is a group of people who own a business.
There is no correct answer.
A sole proprietorship is a form of business owned by one individual.
A sole proprietorship shares debt with the partner.
What is the responsibility of a franchisee?
The franchisee needs to pay franchise fees to the franchisor.
The franchisee needs to provide training and guidance to the franchisor.
The franchisee needs to make a brand-name appeal to the franchisor.
The franchisee needs to provide a proven record to the franchisor.
What are the advantages of a general partnership?
Limited liability, No special legal restrictions, Easy to discontinue.
Limited liability, Ease of raising capital, Perpetual life.
Simple to create, Ease of raising capital, Total Decision-Making authority.
Low start-up fee, Little government regulation, Combined business skills and knowledge.
Which of the following statements does not benefit from an organization chart?
An organization chart helps to know the line of command.
An organizational chart can be used as a management tool for team performance improvement or planning purposes.
An organization chart encourages employees willing to work hard for a better position in the organization.
An organizational chart helps to show the relationships between different
departments.
What is a hierarchical structure organization chart?*
A hierarchical structure is a type of organization chart divided into teams according to projects or products and reported to a project manager.
A hierarchical structure consists of few or no middle managers between employees or staff and the director.
A hierarchical structure is like a semi-autonomous branch according to product lines.
What is the type of organizational structure of the below diagram?
(มีภาพประกอบ)
Layer structures.
Line of command structure.
Rectangular structure.
Matrix structure.
recruitment is often used to find which types of candidates?
High salary.
Both low-skill and high salary.
Low-skill.
All the other choices for the question are correct.
knowledge workers.
Which is the LEAST important function that HR plays in an organization?
Selection
Recruitment
Training and development
Performance
Leadership
Which of the following is the most important reason why organizations conduct performance evaluations?
Provide feed back.
Promote
Reward
Inform decisions
All of the other choices for these questions are important.
which choice best describes the recorded lecture in moe?
Computer-based training
On-the-job training
On the job trains and Computer based training.
Off-the-job training and computer based training.
Off-the-job training
