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SUMMATIVE ASSESSMENT IN ENTREP WEEK 1-2 (SET B)
Quiz by MARY GRACE LOPEZ
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
A person who buys or sells goods in a large quantity
A place usually in the open air where different goods are boughtand sold
The system according to which money, industry, and trade are organized.
A plan of possible outcomes of a proposed project.
The goods that are sold.
It is the process of using resources effectively and transforming them into a profitable venture.
The executive summary is the first major section that is prepared in writing the business plan.
The executive summary appears at the end of the business plan and summarizes the details of the plan.
The executive summary is the summary of the different sections in the business plan.
The business model defines the perspective of the business in terms of its structure, production, operation, and financial activities that will lead to the achievement of the VGMO.
Which of the following BEST described a business plan?
What are the advantages of creating a business plan?
Whatsection of the business plan can we find the Proposed Name of the Business, Address of theBusiness, Name of the Owner or Owners, Description of the Business, Location ofthe Business, Funding Requirement and Source?
Who should prepare the business plan?
Which of the following is the LEAST factor to be considered when deciding on the location of the proposed business?
Identify whether the statement is a PRO(advantage) or CON (disadvantage). Justify your answer. Answer in 1-2 sentences only.
:Can make a lot of money: the richest people in the world are entrepreneurs of one business type or another.
Risk: The financial risk in starting up a company does not guarantee a fixed flow of income for yourself or your loved ones at first.
Independence: Many people don’t like to be answerable to a boss and prefer being in control of their working lives. They are leaders as opposed to followers.
Time: running a business may be heavily demanding on your time.
Personal Satisfaction: entrepreneurs can be extremely fulfilled with knowing that they have made their own money and can even increase self-esteem.