ENTREP
Quiz by Megan
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- Q1
Which of the following is NOT an activity of a manager?
Trading
Directing
Staffing
Organizing
30s - Q2
Which is NOT a content of a Production Plan?
Factory layout
Factory location
Factory system
Factory overhead
30s - Q3
Which is a content of Organization and ManagementPlan?
Factory Location and Layout
Production costs
Form of Business
Factory Overhead Expenses
30s - Q4
Why make a production plan? EXCEPT
too much stock in your hand
goods get spoiled
high cost of production
regular supply of raw materials
30s - Q5
Which of the following is NOT an objective of production?
Deliver goods/services with the right quality
Deliver good/services at the right price
Deliver goods/services at the right signals
Deliver goods/services in the right quantity
30s - Q6
Which is NOT a content of a Marketing plan?
What is your product?
How much is the selling price of your competitors
Who will be your buyers?
How does your factory look?
30s - Q7
Which is NOT part of the advantages of a marketing plan?
A road map for your marketing strategy
A practical application of your marketing strategy
Help you meet objectives
Detailswhat you do not accomplish marketingstrategy
30s - Q8
Which is NOT the advantage of good production planning?
Proper use and maintenance of equipment
With excess materials
No excess or unnecessary labor
Prevention of accidents
30s - Q9
Why do we make the Organization and Management Plan? EXCEPT
Manager should manage the affairs of the business well.
Manager wants to achieve good production planning
Management ensures that there is synergy in all aspects of the business
Managers are the key to success.
30s - Q10
What is best describe for an Operating budget?
A. When buyer meets his needs while seller’s product translates to cash
An Operating Budget is a form of business.
An operating budget is for when the business is actually open for business and fully operational.
An Operating Budget describes who will be handling major responsibilities in the business
30s - Q11
1.What best describes a good buying and selling transaction?
When seller gives discounts to buyer just to sell
When buyer meets budget while seller gains profit
When both buyer and seller are satisfied
When the buyer meets his needs while seller’s product translates to cash
30s - Q12
What are your selling strategies? EXCEPT
How will you make your selling price more unattractive?
How will you make your buyers know about your products?
How will you improve the packaging of your product?
How will you improve your delivery of your products to your buyers?
30s - Q13
What should you NOT consider in describing your buyers?
Buyers may not be the user of your product.
Buyers never highlight relevant characteristics that affect your decisions with respect to products feature.
Buyers’needs and wants should be described to establish clear target group.
Buyers give you the money in exchange for the product/service you offered.
30s - Q14
Which of the statements is NOT a purpose of a Business Plan?
Conduct market research
Communicate what the enterprise is all about
Entice partners,investors, and bankers to fund a business venture
Show what financial returns it could muster
30s - Q15
1.Which of the following aresources of Business Information?
I. Mass media III. Government Agencies
II.Internet/Web Sites IV. Business Associations
I,II, and IV
I, II, and III
II,I, and III
I, III and IV
30s