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    Maunda - Entrepreneurial Mind Prelimexam

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    Arafat Maunda
    1. An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise. A business plan provides directions for a business to plan its future and avoid problems. 2. A business plan should include objectives and goals, product details, sales and income projections, cost estimates, marketing plans, and capital requirements. 3. A good business plan is SMART - specific, measurable, attainable, realistic, and time-bound.

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    Maunda - Entrepreneurial Mind Prelimexam

    Uploaded by

    Arafat Maunda
    37 views2 pages
    1. An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise. A business plan provides directions for a business to plan its future and avoid problems. 2. A business plan should include objectives and goals, product details, sales and income projections, cost estimates, marketing plans, and capital requirements. 3. A good business plan is SMART - specific, measurable, attainable, realistic, and time-bound.

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    MAUNDA - ENTREPRENEURIAL MIND PRELIMEXAM

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    1. An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise. A business plan provides directions for a business to plan its future and avoid problems. 2. A business plan should include objectives and goals, product details, sales and income projections, cost estimates, marketing plans, and capital requirements. 3. A good business plan is SMART - specific, measurable, attainable, realistic, and time-bound.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    37 views2 pages

    Maunda - Entrepreneurial Mind Prelimexam

    Uploaded by

    Arafat Maunda
    1. An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise. A business plan provides directions for a business to plan its future and avoid problems. 2. A business plan should include objectives and goals, product details, sales and income projections, cost estimates, marketing plans, and capital requirements. 3. A good business plan is SMART - specific, measurable, attainable, realistic, and time-bound.

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    of 2

    ENTREPRENEURIAL MIND 

                                                                PRELIM EXAM 
     

    STUDENT ARAFAT M. MAUNDA BSE-ENGLISH


     

    PART 1:  Choose the Letter most appropriate answer. 20 Points 


     
    A.  Entrepreneur      B.  Systematic Planning and Monitoring       C.  Self-Confidence       D. 
    Goal Setting    E.  Persuasion and Networking     F.  Opportunity Seeking       G.  Specific      H. 
    Risk Taking    I.  Measurable    J.  Persistence    K.  Information Seeking    L.  Commitment to
    Work     M.  Micro Enterprise     N.  Demand for Efficiency and Quality       O.  Set Target      P. 
    Attainable       Q.  General Direction       R.  Realistic     S.  Investors     T.  Capitalization 
     

    ___Q___ 1.  Where the business will go           


    ___M.___ 2.  Business venture                             
    ___O.___ 3.  Actual performance                       
    ___P.___ 4.  Capital Below P3,000                     
    __G.____5.  What you want to achieve            
    ___J.___ 6.  You can do it                                    
    ___R.___ 7.  True state                                         
    __A.__ 8.  To undertake                                   
    ___C.___ 9.  Believes in himself                          
    __E.____ 10.  Constant touch with others          
    __B.____ 11.  Carefully develop                            
    __K.____ 12.  Finding relevant facts                     
    ___S.___ 13.  One has to be keen                         
    __N.____ 14.  Strive to do things better               
    ___H.___ 15.  Willing to venture                            
    __D.____ 16.  Clear cut objective                          
    __L.____ 17.  Accept full responsibility                
    ___T.___ 18.  Equity in business                            
    ____F.__ 19.  Does not give up                              
    __I____ 20.  Quantifiable terms                          
     
    PART 2:  Explain Briefly, 80 Points 

    1.  What is an Entrepreneurship? 

    An entrepreneur is someone who organizes, manages, and assumes the risks of a business or
    enterprise. An entrepreneur is an agent of change. Entrepreneurship is the process of
    discovering new ways of combining resources. When the market value generated by this new
    combination of resources is greater than the market value these resources can generate
    elsewhere individually or in some other combination, the entrepreneur makes a profit.

    2. Who is an Entrepreneur? 

    An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying
    most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas,
    goods, services, and business/or procedures. 
     

    3. What is a Business Plan 

    A business plan is also a road map that provides directions so a business can plan its future
    and helps it avoid bumps in the road. The time you spend making my business plan thorough
    and accurate, and keeping it up-to-date, is an investment that pays big dividends in the long
    term

     
    4. What is a Business Plan  

    Is a detailed account of what course of business to undertake complete with objectives and
    goals; product description and target clients; sales, production and net income
    projections/targets; cost and expense estimate; marketing and promotional efforts; and
    investments capital requirements. 
     
    5. What a plan should be. 

    A plan should be: S M A R T 


    Specific as to what it is the entrepreneur wants to achieve 
    Measurable in quantifiable terms 
    Attainable given the entrepreneur’s abilities and resources 
    Realistic enough to aim foretime bound to span fixed period 
     

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