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Reviewer in Entrepreneurship
  • Ashley Nicole Musca

  • 問題数 35 • 4/22/2024

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    問題一覧

  • 1

    your freelance writing business is struggling to attract new clients. What should you focus on to enhance your client base?

    C. Networking with potential clients

  • 2

    which of the following components of production is described as the main determinant of output quality?

    C. Materials

  • 3

    A software startup has developed a revolutionary app but is finding it challenging to penetrate the market. What aspect of the business plan implementation should the team prioritize to improve market reach?

    A. Selling the product

  • 4

    How does a business model contribute to the success of an organization?

    D. By describing how value is created, delivered, and captured

  • 5

    A company has a high debt ratio and a low current ratio. What does this indicate about the company's financial position?

    C. The company has low liquidity and may struggle to meet short-term obligations.

  • 6

    In business forecasting, why is it important for entrepreneurs to consider external factors?

    D. To avoid complications in the future

  • 7

    which financial statement records all the operating results such as sales, expenses, and profits or losses?

    B. Income statement

  • 8

    In the context of production, what role does the method play?

    D. Describing the process of transforming raw materials to finished products

  • 9

    your IT consulting firm is facing challenges in accurately tracking billable hours for client projects. What should you implement to address this issue?

    A. Adopting time tracking software

  • 10

    How does a product description contribute to the success of a business?

    D. By providing customers with details about product features and benefits

  • 11

    A newly established bakery is struggling to maintain consistent cash flow despite high sales. Which aspect of implementing the business plan should the owner focus on to address this issue?

    B. Operating the business

  • 12

    What is the importance of a business plan in the context of entrepreneurship?

    B. To guide the implementation and operation of the business proposal

  • 13

    A company's gross profit margin has been decreasing over the past few quarters. What impact might this trend have on the company's overall profitability?

    B. It may decrease the company's net income.

  • 14

    What is revenue, and when is it recognized?

    C. Revenue is the result when sales exceed production costs, recognized when earned.

  • 15

    What does the operating profit margin measure?

    D. The percentage of profit available after deducting the cost of goods sold & operating expenses.

  • 16

    What is the purpose of prototyping in the production process?

    C. To test product design and functionality

  • 17

    Your graphic design agency is struggling to meet project deadlines due to inefficient project management practices. What should you do to improve project timelines?

    C. Reduce the number of projects undertaken simultaneously

  • 18

    What aspect of the business plan is presented first but made last?

    C. Executive Summary

  • 19

    Why is it important for entrepreneurs to observe competing businesses?

    D. To assess market demand and adjust inventory levels

  • 20

    How is the net profit margin calculated?

    D. Operating profit margin - Interest expense - Income tax

  • 21

    what is the formula for calculating gross profit margin?

    C. Gross profit / Cost of goods sold

  • 22

    A retail store is facing operational inefficiencies leading to increased costs and customer dissatisfaction. Which aspect of implementing the business plan should the store manager prioritize to address these issues?

    B. Operating the business

  • 23

    Company A and Company B are both in the same industry. Company A reported a higher net profit margin compared to Company B. What can be inferred from this scenario?

    C. Company A is more profitable than Company B relative to its sales.

  • 24

    What does the return on investment (ROI) measure?

    D. The amount of net income per peso invested in the business

  • 25

    Company X has a higher return on investment (ROI) compared to Company Y. What can be inferred about Company X?

    D. Company X generates more profit relative to its investments.

  • 26

    What is the significance of the Market section in a business plan?

    A. Identifying potential customers

  • 27

    Which of the following best describes gross profit?

    D. The revenue earned from sales after deducting the cost of goods sold.

  • 28

    Which section of the business plan focuses on identifying major competitors and analyzing their strategies?

    D. Competitive Analysis

  • 29

    Company ABC has a debt ratio of 0.6, while Company DEF has a debt ratio of 0.3. What implications might these debt ratios have on the solvency of the two companies?

    A. Company DEF is more solvent because it has lower debt.

  • 30

    if XYZ Trading has an operating profit margin of P67,000.00 and income tax of P20,000.00, what is its net profit margin?

    A. P46,900.00

  • 31

    What factors are essential for making informed estimates in travel and business forecasting?

    D. Means of transportation and number of passengers

  • 32

    What is the primary goal of value chain analysis?

    D. Creating or supporting a competitive advantage

  • 33

    Company A and Company B are both in the same industry. Company A reported a higher net profit margin compared to Company B. What can be inferred from this scenario?

    D. Company A is more profitable than Company B relative to its sales.

  • 34

    You own a small café and notice a decline in customer foot traffic over the past month. Which action would be most appropriate to address this issue?

    C. Offering discounts during off-peak hours

  • 35

    A company has a high return on assets (ROA) but a low return on equity (ROE). What could be a possible explanation for this discrepancy?

    A. The company has a high level of debt.