ENTREP HANDOUT 13
Entrepreneurship Essentials Quiz
Test your knowledge on the fundamental concepts of entrepreneurship with this engaging quiz! Designed for aspiring entrepreneurs and business enthusiasts, this quiz focuses on essential elements of starting and running a new business.
Key Features:
- 12 challenging questions
- Multiple-choice and checkbox formats
- Instant feedback on correct answers
This is the roadmap of the new business and the entrepreneur, and describes the various activities involved in opening and operating a new entrepreneurial venture.
Feasibility Study
Business Plan
Google Map
Waze
What are the two major tests that are conducted every time a new business idea is created.
Test of Value
Test of Possibility
Test of Feasibility/Viability
Test of Competitiveness
It serves a forerunner of the business plan
Marketing Plan
Operational Plan
Feasibility Study
Strategic Plan
It represents the general perspective of the business.
Introduction
Executive Summary
Business Description
Organizational Plan
Choose the correct statement/s: Statement 1: The address of the business states the reason for the selection of the address. Statement 2: The location of the business indicates the exact location of the business.
Statement 1
Statement 2
All of the statements are correct.
All of the statements are incorrect.
(Section of Introduction) It indicates the estimated total initial cost of the business venture and the projected breakdown or allocation of the total cost. It also presents the source/s of funds.
Funding requirement and source
Financial Statement
Financial Plan
Initial Cost requirment
The following are the factors that should be consider when deciding on the location of the proposed business except from:
Proximity to the target consumers
The demographic and climatic condition
Distance from the sources of raw materials, labor, and utilities
Presence of direct competitors
Peace and order situation
Availability and cost of transportation
(SECTION OF INTRODUCTION) It includes information about the type of product and service that business intends to produce and provide. It also shows the brief information about the ultimate vision, mission, and objectives of the business.
Proposed product/service of the business
Statement of confidentiality
Funding requirement and source
Description of the business
(TRUE OR FALSE) In case the processing plant is not within the vicinity of the business, its exact location must also be described in the description of the business
True
False
No answer
What statement is added as the last section in case the consulting team prepares the business plan for prospective owners or investors.
Statement of Consulting Team
Statement of Confidential
Statement of Consulting Department
Statement of Confidentiality
(SECTION OF INTRODUCTION) The formulation and drafting of the proposed business name.
Proposed name of the business
Business Description
No answer
How many sections does the part of introduction have?
8
6
7
5
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