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    Entre Exam - Final

    Uploaded by

    Keneth Rose Fagtanan
    This document contains 10 multiple choice questions about entrepreneurship and business management concepts. The questions cover topics such as the definition of entrepreneurship, factors for starting a new business, management principles and planning, tools for analyzing business opportunities like SWOT analysis, entrepreneurial scanning, the four P's of marketing including product promotion, requirements for choosing a business location, defining the market, elements of business planning, and benefits of business planning such as detecting weaknesses and estimating sales.

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    Entre Exam - Final

    Uploaded by

    Keneth Rose Fagtanan
    64 views4 pages
    This document contains 10 multiple choice questions about entrepreneurship and business management concepts. The questions cover topics such as the definition of entrepreneurship, factors for starting a new business, management principles and planning, tools for analyzing business opportunities like SWOT analysis, entrepreneurial scanning, the four P's of marketing including product promotion, requirements for choosing a business location, defining the market, elements of business planning, and benefits of business planning such as detecting weaknesses and estimating sales.

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    ENTRE EXAM - FINAL

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    This document contains 10 multiple choice questions about entrepreneurship and business management concepts. The questions cover topics such as the definition of entrepreneurship, factors for starting a new business, management principles and planning, tools for analyzing business opportunities like SWOT analysis, entrepreneurial scanning, the four P's of marketing including product promotion, requirements for choosing a business location, defining the market, elements of business planning, and benefits of business planning such as detecting weaknesses and estimating sales.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    64 views4 pages

    Entre Exam - Final

    Uploaded by

    Keneth Rose Fagtanan
    This document contains 10 multiple choice questions about entrepreneurship and business management concepts. The questions cover topics such as the definition of entrepreneurship, factors for starting a new business, management principles and planning, tools for analyzing business opportunities like SWOT analysis, entrepreneurial scanning, the four P's of marketing including product promotion, requirements for choosing a business location, defining the market, elements of business planning, and benefits of business planning such as detecting weaknesses and estimating sales.

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    1) In the entrepreneurial world, new ideas and opportunities are evolving.

    What is the ability to
    create newthings, invest in new enterprises and expand business?
    a. Creativity d. Producing
     c. Manufacturing  b. Entrepreneurship
    2) Alvin has transferred to a new locality. He observed that there is an opportunity for him to put
    up his own business since he has enough capital and very much interested to the idea. Which of
    these factors must he possess so that he will not rely on the services of the employees?
    a. Markets  b. Supply of resources
    c. Supply of resources  d. Manpower 
    3) Management functions and principles play a very critical role in running a business.
    What principle of planning specifies that the objectives of an entrepreneur should match the
    needs of the society?
    a. must be realistic 
    c. must focus on dealing with a crisis 
    b. must be based on felt needs 
    d. must start with a simple project
    4) Entrepreneurs use various management tools to succeed in a business. What management tool
    is used toanalyze business opportunities?
    a. Environmental scanning 
    c. Market survey 
    b. Market study 
    d. SWOT
    5) When an entrepreneur communicates with people through interviews, observations
    and advertisement onwhat is new, what entrepreneurial activity does he/she engage?
    a. Statistical study 
    c. Entrepreneurial scanning 
    b. Marketing study 
    d. Environmental scanning
    6) There are P's in preparing market research. Which P in marketing is designed to communicate
    the product tocustomers?
    a. Place 
    c. People 
    b. Price 
    d. Promotion
    7) The site of the business enterprise is one of the requirements of entrepreneurship. Which of
    the following isthe most important in choosing the best location for the business?
    a. access to supplies and raw materials
     c. less competitors in the area 
    b. clean, decent and peaceful environment
    d. enough capital to pay space rental
    8) Which term refers to people, institutions or organizations for whom the business is designed?
    a. sample
     c. market 
    b. population 
    d. society
    9) Which one is not included in planning a business?
    a. how and when to do it c. what to expect in the future
     b. how to increase profits
     d. what to do
    10) What is the benefit of business planning wherein the entrepreneur determines whether the
    business is profitable or not?
    a. minimize cost production 
    c. eliminate business risk 
    b. detect the weakness of the business 
    d. estimate sales

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