Entrep (1st sem) (Pre-lims)

Question 1

Controls the implementation of the business plan

Answer 1

Operation management

Question 2

4m’s of production +1

Answer 2

A
Method
Manpower
Machine
MAterial
money

Question 3

Suggest the process of combining raw material sand how these are going to be transformed using the other factors input of production

Answer 3

Method

Question 4

Right human resources who will handle certain business opentation

Answer 4

manpower

Question 5

Used in efficiently operating the business known as the best friend of man power

Answer 5

Machine

Question 6

used in creating a product or performing a service, which include supply chain management

Answer 6

materials

Question 7

materials requisitioning (3)

Answer 7

Manufacturing own product
out sourcing
Purchasing product or service from present suppliesr

Question 8

Right to protect the entrepreneur regarding the product of service

Answer 8

Patent

Question 9

Sign or symbol that helps to distinguish the product from others

Answer 9

Trademark

Question 10

States the third party will be given full access to any confidential information provided that it shouldn’t be disclosed to anyone else

Answer 10

Nondisclosure agreement

Question 11

Financial resources used to purchase all the resources needed by the firm for its operation

Answer 11

Money

Question 12

One of the most important aspect of selling, you have to visualize what your target market will patronize and would like to have

Answer 12

product description

Question 13

An initial creation of a product that shows the basic of what product will look like, what it will do and how it will work

Answer 13

prototype

Question 14

process in which business receive raw maternals, (add value) to them
through producion and other process to create finished product.
- and sell finished product to customers

Answer 14

Value Chain

Question 15

Process of Value chain (Double Check)

Answer 15

RESOURCES -› MANUFACTURING -> TRANSPORTATION -> CONSUMER

Question 16

the Steps it takes to get the product on service to the customer
often dealing with manufacturer
and aftermath parts

Answer 16

SUPPLY CHAIN

Question 17

Process of Supply chain (Double Check)

Answer 17

RAW MATERIAL -> SUPPLIER
-› MANUFACTURER
-) DISTRIBUTION
-) CUSTOMER -) CONSUMER

Question 18

GUIDE HOW COMPANY SELECTS RIGHT HUMANS RESOURCES AND W
HANDLE OPERATIONS.

Answer 18

LA Job Description
LB. Employee Qualifications
Lc. preparatory Selection of job applicant
D. Selection of Job Applicants
E. Job Offer
F. Employment Development

Question 19

Strat FOR Employee MANAGEMENT

Answer 19

competitive salary package
Non monetary benefits
additional benefits

Question 20

STEP BY SIEP APPROACH for picking supply chain (5)

Answer 20

1.Thinking StrategicallY when selecting suppliers
2: What you should look for In a supplier
3. Identifying potential suppliers through variety of channels
4. Choosing a supplier
5. Getting the right supplier for your business by knowing your needs

Question 21

What are needed when choosing a supplier (5)

Answer 21

-are they financially secured?
- How long have they been established?
- can these suppliers deliver what you want, when you want it?
-do you Know anyone who has used to and can recommend
-are they on any approved Supplier lists from

Question 22

What is included in a job description

Answer 22

Duties and responsibilities
salary
Work schedule
Rules and regulations

Question 23

Included in Employee Qualification

Answer 23

Education
Special Skills
Attitude

Question 24

Training tools for employee

Answer 24

-Employee orientation
- On the Job training (OJT)
-Buddy system
-Mentor-mentee program
- Succession program
- Further training
- Online learning programs
- Internal training program
- international or local symposia, seminar, etc

Question 25

strategy for employee management

Answer 25

competitive salary package
non-monetary benefit
Additional benefits