1st Half Of 4th Quarter

Question 1

These are the basic forces that motivate a person to do anything

Answer 1

Needs

Question 2

It is a valuable guide to the consumer in making a purchase

Answer 2

Value for money

Question 3

These are needs that are learned during a person’s life

Answer 3

Wants

Question 4

What are the physiological needs

Answer 4

Food
Drink
Rest
Sex

Question 5

What are the safety needs

Answer 5

Health-food
Medicine
Exercise

Question 6

What are the social needs

Answer 6

Love
Friendship
Status
Esteem

Question 7

These are concerned with protection and physical well-being

Answer 7

Safety needs

Question 8

These are concerned with individual interaction with others

Answer 8

Social needs

Question 9

These are concerned with the need for personal satisfaction unrelated to what others think or do like

Answer 9

Personal needs

Question 10

What are the personal needs

Answer 10

Self-esteem
Accomplishments
fun
freedom
relaxation

Question 11

this is the cash requirement in the first few months of the formation of the business

Answer 11

working capital

Question 11

It conforms to the standards of the industry and the rules set by the government

Answer 11

A good workplace

Question 11

This is an asset that will last for a long period of time

Answer 11

Fixed capital

Question 12

This is the cost of putting up the legal business entity

Answer 12

Organizational cost or expense

Question 13

It is the amount paid to lawyers and accountants in the writing of contracts or agreements and fees paid to government offices to register the business

Answer 13

Organizational cost or expense

Question 14

This may be an estimate amount for reserve for contingencies or unforeseen events

Answer 14

Contingencies of unforeseen costs

Question 15

Sources of cash

Answer 15

The personal money of the entrepreneur
Loans from relatives and friends
Loans from banks and other lending institutions
Investors
Government assistance programs
Non-Government Organizations (NGO)

Question 16

Rules for sound financing

Answer 16

Know the cash requirements
Know the best terms
Know how and when to pay
Owner’s investment should be more than the borrowings
If the borrowings are needed for fixed asset or working capital

Question 17

It is an activity designed to find out what is feasible, achievable, attainable, practicable, or workable

Answer 17

Feasibility study

Question 18

Product feasibility studies are needed by:

Answer 18

Management
Investors
Lenders
Government agencies

Question 19

They need the feasibility study in order for them to decide on new products or when they have excess funds to invest

Answer 19

Management

Question 20

They need to know if the borrowers can pay the loans that will be granted to them

Answer 20

Lenders

Question 21

They need to know the details of government projects before funds are released

Answer 21

Government agencies

Question 22

They would want to put money in where the rate of return is high

Answer 22

Investors

Question 23

Parts of a feasibility study

Answer 23

Executive summary Project background and history Industry study Market study Management study Technical study Financial study Socio-economic study

Question 24

It presents the highlights of the study that are shown in detail in the different sections

Answer 24

Executive summary

Question 25

It presents the conclusions arrived at on the feasibility of the project

Answer 25

Executive summary

Question 26

It discuss the proponents of the project or the owner of the project

Answer 26

Project background and history

Question 27

This section stated the name of the business, the form of the organization, location of the business, and even include a brief history of the project

Answer 27

Project background and history

Question 28

It consist of market description, demand, supply, statistical analysis of demand and supply, general marketing practices, proposed marketing programs, project sales, and system design

Answer 28

Market study

Question 29

It consist of personal requirements, management policies, timetable, and system design

Answer 29

management study

Question 30

it consist of the identification of the product and the process of acquiring, processing, and bringing the product to the point of sale

Answer 30

technical study

Question 31

It consist of projected balance sheet, projected income statement, and projected cash flow over a period, which is usually five years

Answer 31

financial study

Question 32

It shows the impact of the project on the personnel, on the community, on the environment, on the government, and other beneficiaries

Answer 32

Socio-economic study

Question 33

It is a written document describing all relevant internal and external elements and strategies for starting a new venture, a new product, or a business expansion

Answer 33

Business plan

Question 34

They determine the amount of money to be lent based on the plan

Answer 34

Lender

Question 35

They analyze it for investment opportunities

Answer 35

Investors

Question 36

they use it as a guide for operations

Answer 36

Employers

Question 37

They determine what product to buy from the business

Answer 37

Customers

Question 38

They set the policies guided partly by the plans of the business

Answer 38

The government

Question 39

Parts of a business plan

Answer 39

Executive Summary Descriptive of the venture Operating plan Marketing plan Organizational plan Financial plan Appendices or annexes

Question 40

The description of products or services and their unique features

Answer 40

Product

Question 41

Explains the process of acquiring and processing products

Answer 41

Operational plan

Question 42

It identifies the management team, investors, their background, duties and responsibilities and states the plan for employee recruitment and training

Answer 42

Organizational plan

Question 43

It specifies financial needs and sources of financing and shows a three to five-year period pro forma income statement, cash flow projections, pro forma balance sheet, and break-even analysis

Answer 43

Financial plan

Question 44

It shows supplementary materials

Answer 44

Appendix

Question 45

it highlights the significant point arousing interest on the part of the reader

Answer 45

Executive summary