Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Entrepreneurship > 1st Half Of 4th Quarter > Flashcards

1st Half Of 4th Quarter Flashcards

1
Q

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

A

Needs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

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

A

Value for money

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

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

A

Wants

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are the physiological needs

A

Food
Drink
Rest
Sex

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What are the safety needs

A

Health-food
Medicine
Exercise

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the social needs

A

Love
Friendship
Status
Esteem

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

These are concerned with protection and physical well-being

A

Safety needs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

These are concerned with individual interaction with others

A

Social needs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

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

A

Personal needs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What are the personal needs

A

Self-esteem
Accomplishments
fun
freedom
relaxation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

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

A

working capital

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

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

A

A good workplace

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

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

A

Fixed capital

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

This is the cost of putting up the legal business entity

A

Organizational cost or expense

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

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

A

Organizational cost or expense

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

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

A

Contingencies of unforeseen costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Sources of cash

A

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)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Rules for sound financing

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

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

A

Feasibility study

18
Q

Product feasibility studies are needed by:

A

Management
Investors
Lenders
Government agencies

19
Q

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

A

Management

20
Q

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

A

Lenders

21
Q

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

A

Government agencies

22
Q

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

A

Investors

23
Q

Parts of a feasibility study

A

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

24
Q

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

A

Executive summary

25
Q

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

A

Executive summary

26
Q

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

A

Project background and history

27
Q

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

A

Project background and history

28
Q

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

A

Market study

29
Q

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

A

management study

30
Q

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

A

technical study

31
Q

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

A

financial study

32
Q

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

A

Socio-economic study

33
Q

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

A

Business plan

34
Q

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

A

Lender

35
Q

They analyze it for investment opportunities

A

Investors

36
Q

they use it as a guide for operations

A

Employers

37
Q

They determine what product to buy from the business

A

Customers

38
Q

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

A

The government

39
Q

Parts of a business plan

A

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

40
Q

The description of products or services and their unique features

A

Product

41
Q

Explains the process of acquiring and processing products

A

Operational plan

42
Q

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

A

Organizational plan

43
Q

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

A

Financial plan

44
Q

It shows supplementary materials

A

Appendix

45
Q

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

A

Executive summary

Entrepreneurship (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions