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ICT/ROB/TLE > 4th Qtr EXAM > Flashcards

4th Qtr EXAM Flashcards

1
Q

Someone who creates and runs a business is called an entrepreneur.
● Market Leader
● When an entrepreneur starts a new business, risk is involved, the chance of losing something.

A

Entrepreneur

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2
Q

● Usually related to the entrepreneurs’ work experiences, hobbies, or social environment.
● Can be found in many ways and in many places.
● Many people see opportunities but only entrepreneurs act upon them.

A

Opportunities

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3
Q

● is a business concept that results in profit if it is turned into a tangible product or service.

A

Business idea

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4
Q

● The suggestion of business ideas must be proven by the law. Legality of the business refers to the legal
status of the business derived by virtue of the business being registered or licensed under the
pertaining laws and acts.

A

Legality

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5
Q

● Those who are in the same business
● Have a potential to serve the entrepreneur’s customers
● Entrepreneurs can identify competitors by asking customers from his existing business
● The entrepreneurs should identify the strengths and weaknesses of his competitors.

A

Competitors

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6
Q

● the amount invested in the company.

A
  1. Capital Requirement
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7
Q

● Define a period of uncertainty experienced by a business as a result of unforeseen events which lead to
either poor earnings and resultant failure. Entrepreneurs should be aware of the risks.

A

Risk

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8
Q

● is the amount of the capital that had been used to buy the asset of the company.

A

Fixed capital

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9
Q

● Referred to as operating capital
● Also known as assets of business that can be used to support business operations.
● Often used to pay bills and salaries to buy inventories and others.

A

Working Capital

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10
Q

● Not related to the current business situation.
● Used to help small businesses to change their primary direction.

A

Plantation or growth capital

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11
Q

In creating or searching for business opportunities, one must consider the following factors:

A
  1. The needs of the community- 2. Available resources-
  2. Skills and interests-
  3. Market -
  4. Supplies or raw materials-
  5. Manpower-
  6. Technology-
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12
Q

In identifying your market, you must acquire basic information about them:

A
  1. Their location
  2. Their buying power
  3. Their lifestyle
  4. Their educational background
  5. Their beliefs and practices
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13
Q

is an organized and detailed presentation of your business you want to establish. It should
contain basic information about your business.

A

Business plan

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14
Q

Parts of a Business plan

A
  1. A description of your business
  2. The product or service
  3. The organization of the business
  4. The marketing Plan
  5. Identify your expected income and expenses
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15
Q

are amounts spent in order to produce the product.

A

Direct expenses-

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16
Q

are incidental expenses made in the course of running the business.

A

Indirect expenses

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17
Q

● This section provides an overview of the business, including the products or services offered, the target
market, and the company’s mission and goals.

A

Executive Summary:

18
Q

● This section provides detailed information about the products or services offered by the company,
including any unique features or benefits.

A

Products And Services:

19
Q

● This section provides an overview of the industry and the target market, including demographics,
competition, and market size.

A

Market Analysis:

20
Q

● This section outlines the marketing and sales plan for the business, including advertising, promotions,
and pricing strategies.

A

Marketing And Sales Strategy

21
Q

● This section provides information about the management team and their experience, skills, and
qualifications.

A

Management Team:

22
Q

● This section provides detailed financial projections, including start-up costs, revenue projections, and
projected expenses.

A

Financial Projections:

23
Q

● This section summarizes the key points of the business plan and highlights the company’s strengths
and competitive advantages.

A

Conclusion:

24
Q

Canva

A

● is a free design platform with countless templates and ideas to work from. You can make almost
anything from slides for your presentation to infographics/flyers to Instagram posts.
● Its user-friendly interface makes it ideal for beginners or people who just need something simple.

25
Q

-(born 13 May 1987) is an Australian billionaire technology entrepreneur, the chief
executive officer and co-founder of Canva.

A

Melanie Perkins

26
Q

is an Australian billionaire technology entrepreneur, the co-founder and chief
operating officer of Canva.

A

Clifford Obrecht

27
Q

is cofounder and chief product officer of design software maker Canva.
● By September 2022 the valuation of the company had leveled at US$26 billion.

A

Cameron Adams -

28
Q

feature will open a drop-down with the list of features like Create new design, Show
rulers, Show margins, Save, Download, etc. You can also see the dimensions of the canvas here. The design
name can be edited too.

A

The File

29
Q

➔ A system of moral principles.

A

Ethics

30
Q

● A type of cheating that involves the use of another person’s ideas, words, design, art, music, etc. as
one’s own in whole or in part without acknowledging the author or obtaining his or her permission.

A

Plagarism

31
Q

● A common form of academic misconduct. Submitting the same or a very similar manuscript to two or
more journals can lead to rejection.
● In press for review or under revision are considered as duplicate content and are not encouraged.

A

Duplicate Data/Information Submission

32
Q

● a problem when references do not contribute to the scholarly content of the article, and are included
solely to increase citations.

A

Citation Manipulation

33
Q

“manipulating research materials, equipment, or processes, or changing or omitting
data or results such that the research is not accurately represented in the research record.

A

Data Fabrication or Falsification

34
Q

● all authors should be properly cited based on their contribution towards the research. It is necessary
to list out the specific individual that made a significant contribution.

A

Incorrect Author Contribution

35
Q

● Whatever material you publish using your personal computer is your property. And because you
created it by using your artistry and imagination, it is called intellectual property.

A

Intellectual Property Rights

36
Q

● All contributors should declare if there are any competing financial interests related to the work
presented.

A

Conflict of Interest

37
Q

is granted by the government to an inventor,which may be an individual or a company, as proof of
the exclusive rights to manufacture and market the invention.

A

● A patent

38
Q

● The exclusive right to reproduce, distribute, and commercialize an IP.

A

Copyright

39
Q

is the word, symbol, design, or logo that identifies a business and its products and services.

A

Trademark

40
Q

is a distinguishing patterns of colors, lines, shapes, and letters that mark
the packaging of a product.

A

Design

41
Q

➢ an action that occurs if
something specific
happens. It is important
because it allows tasks to
be repeated until
complete within a program
without manually writing
each repeated step or
process.

A

CONDITIONAL

ICT/ROB/TLE (3 decks)

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