Lesson 1

Question 1

In Guidelines to successful Business plan, this will be used as a building block for the rest of the implementation plan, hence why it should be crystal clear and specifically spelled out

Answer 1

Objectives

Question 2

This part details what must be accomplished to achieve the objectives. So that roles are clearly defined and there is accountability

Answer 2

Tasks

Question 3

Each task should be paired with an appropriate time frame for completion. The ___ should be aggressive but reasonable in order to ensure not just completion but competent work.

Answer 3

Time Allocation

Question 4

For assistance in framing the timescale, use a program such as ____, or just create your own ____

Answer 4

Microsoft Project, Gant Chart

Question 5

the team management leader needs to be in charge of monitoring each task’s ____ and the completion percentage of each objective

Answer 5

Progress

Question 6

in one of the basic business requirements to start commencing a business, this is a registration for partnership

Answer 6

SEC(Securities and Exchange Commission) Registration

Question 7

in one of the basic business requirements to start commencing a business, this is a registration for registering your business trade name.

Answer 7

DTI(Department of Trade and Industry) Registration

Question 8

in one of the basic business requirements to start commencing a business, this is for getting the license to operate in the city or municipality and payment of your local business.

Answer 8

Major’s Business permint

Question 9

in one of the basic business requirements to start commencing a business, this is for getting TIN, official receipts and invoices, registering your books of account, and paying your national and internal revenue taxes

Answer 9

BIR(Bureau of Internal Revenue) Registration

Question 10

this is a document that serves as proof that your business has a legal right to operate in the Philippines

Answer 10

COR(Certificate of Registration)

Question 11

in one of the basic business requirements to start commencing a business, this is for registering yourself or company as an employer an d for remitting your employee’s contribution together with your employer’s share

Answer 11

SSS(Social Security System), PhilHealth, and Pag-Ibig