WorksheetsGEE 3 Final Examination, 2nd Sem. S.Y. 2024-2025
Total questions: 60
Worksheet time: 11mins
The part of the market you can capture in the future. It includes the demographic groups that are not currently your customers but could become customers in the future.
customers
entrepreneurs
None of the above
People who have already purchased your product.
target market
clients
All of the above
Any place where sellers of particular goods or services can meet with buyers of those goods and services.
(a)
Which of the following guidelines should you keep in mind to have an effective brainstorming session?
Generate as many ideas as you can
Build upon each other’s ideas
Proceed with ideas that seem realistic and actionable
Speak up only when you have a blockbuster idea
What is a niche market?
A market in which businesses sell to a large customer group with similar needs.
A market in which businesses sell to a variety of customers.
A market in which businesses sell to a small customer group with specific needs.
A market in which businesses sell one product to many consumers.
Market Size is
how many buyers of a product
how many sellers of a product
how many buyers and sellers of a product
It refers to prospects who are both interested and willing to buy a product or service.
Available Market
Potential Market
Target Market
Customer segments refer to the target people and/or organizations you are offering value proposition
true
false
is someone that offers the same products, with in the same category as you”
Indirect competitor
Replacement competitor
all of the above
is a business that sells a product or service in the same category as you, but it’s different enough to act as a substitute for your product or service.
Direct competitor
Replacement competitor
None 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.
An organizational framework that will identify who will run the company as well as management’s philosophy?
Organizational Plan
Operational Plan
Executive Summary
Company Description
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.
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.
Which of the following is included in the composition of feasibility study?
Financial Feasibility Study
Demographic Feasibility Study
Physical Feasibility Study
Resources Feasibility Study
What is Market Feasibility Study?
Assessment of the overall appeal of the market for the product or service being proposed
The total potential purchase that is expected from the target market
Market share stated in the form of a percentage of total market demand
Market segmentation to enable the business to satisfy the needs and wants of the consumers
Which of the following is not true about Target Market?
Can be individuals, households, business organizations local as well as international and government organizations
The group of customers with needs and wants that can be satisfied by the business through the supply of product/service.
Involve determining who are the customers the business wishes to serve
Participate as representative in Feasibility Study
Which of the following is among the aspects of technical feasibility study?
Demand
Location
Security
Instruction
Which of the following is true about Organizational Structure?
Identifies responsibilities for each position and the relationship among those positions
Obligate the technical team to trust their leader in every job aspects
Quick decision making and bring managers complex problems to be solved using conceptual thinking
Allow disobedient of hierarchical during emergency to ensure whole teams benefits
Management team refers to
a group of individuals responsible to make sure the sales of the product hit targeted value
a group of individuals responsible to evaluate the prowess or ability of its technical team
a group of individuals responsible to bring a product/service idea to market
a group of individuals responsible to entertain and promote the product to ensure customer's good feedbacks
Which of the following is not included in information in the financial feasibility study?
Start up Capital
Financial Sources
Profitability Analysis
Losses Probability
"Determining whether the proposed venture is generating enough profit to make the proposed venture feasible" statement best refer to?
Financial Routing
Profitability Analysis
Capital Distribution
Start-up Plan
Which of the following is not the expectation of a A feasible or viable business idea?
Withstand the risks it will encounter
Generate adequate cash flow and profits
Remain viable in short period
Meet the goals of the founders
Downloading and viewing instructional videos on how to use a product
Primary Research
Secondary Research
Why are focus groups used in a research study?
To bring together a group of people to discuss a particular product or issue
All of them
It enables open ended questions
It can generate 'rich' information rather than a standard response
Dexter wants some quick, informal feedback on his business ideas from friends and family. His best option would be:
Share a survey and invite comments on Facebook
Hand a written questionnaire to local shoppers
Send a mailing to 500 local residents
Commission a local market survey agency
In this type of entrepreneurship, the people who run or own their
own business and hire family members or local employee.
Small Entrepreneurship
Scalable Startup Entrepreneurship
Large Company Entrepreneurship
Social Entrepreneurship
This type of entrepreneurship focuses on producing product and services that resolve social needs and problems.
Small Business Entrepreneurship
Scalable Startup Entrepreneurship
Large Company Entrepreneurship
Social Entrepreneurship
It provides new product ventures, market, technology and quality of goods, etc., and increase the standard of living of people.
Impact on society and community development
Increase standard of living
Creation of employment
Innovation
To run a business successfully, you must be able to put together a financial plan, budget, and keep track of your income and expenses
True
False
What is a one-year accounting period called?
Financial Forecast
Operating Cost
Fiscal Year
Financial Finnish
An item of value your business owns is called (a)
What is money that your business owes called?
Net Loss
Owner's equity
Blood Debt
Liability
A cash budget tells you how much money your business will need over the long run. (True or False)
(a)
What is the report of the financial state of your business on a certain date called?
Balance sheet
Budget
Cash Budget
Snitch
Your financial records are not confidential, so you have to show them to banks or investors
True
False
What is the process of recording your business's finances?
(a)
Who is the person in charge of a business's financial planning?
Financial Manager
Financial Overseer
Financial Accountant
Mr. Morrise and his Basic Math Skills
When a business's expenses are greater than the revenue, it is called___
a cash reserve
a cash preserve
a net loss
a net storage
Which shows the incoming and outgoing money of a business?
balance sheet
financial outlook
statement of cash flow
financial statement
It refers to the ability of a company to pay maturing obligations. The current assets of a company are compared with its current liabilities to determine its paying capacity.
assets
capital
liquidity
maturity
The process of systematically gathering, recording, and evaluating data regarding specific marketing problem.
Business Plan
Market Research
Planning
Business Venture
Hiring the right people is an important step for entrepreneurs to create an efficient team.
true
false
