Q1 The lower the cost of capital in terms of interest payment in the venture, the better for the entrepreneur in terms of operational ���������..
performance
equipments
professionals
profitability
Q2 Resource-based industries like dairy industry or iron and steel industry are located near to â?¦â?¦â?¦â?¦â?¦â?¦…sources
facility
human resources
mineral resources
raw material
Q3 The venture plan is the part of the business plan that describes the ventureâ??s form of â?¦â?¦â?¦â?¦â?¦..
financing
operation
purchases
ownership
Q4 Financial plan in terms of financial projections of key financial ��. helps determine economic feasibility and necessary financial investment commitment
variables
formular
results
data
Q5 ����������.is a capital provided by non-bank financial institution or a wealthy individual investor or corporation in form of equity and quasi equity
human capital
equipment capital
materials capital
Venture Capital
Q6 â?¦â?¦â?¦â?¦â?¦â?¦…financing is a financing method involving an interest-bearing instrument
asset
inventory
materials
Debt
Q7 The â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦…board members with diverse backgrounds and expertise can be instrumental in proving objectivity to a new venture
technical
internal
management
external
Q8 A job description is often employed as a means of â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦… to candidates for employment what will be expected of them
evaluation
performance
decision making
communication
Q9 The ���������.. team and its ability and commitment to the new venture represent an important consideration in running a business venture
technical
professional
board of director
management
Q10 A ��������. plan is necessary in the event that the new venture is a manufacturing operation
raw materials
purchasing
equipments
production
Q11 Before preparing the business plan, the entrepreneur must have a complete evaluation of the �������. of the venture
goals
budget
employees
profitability
Q12 The entrepreneur need for operation Information covers all of the following except;
labour skills
equipment
manufacturing
land
Q13 The entrepreneur should be able to estimate the size of the market from ��������.. data
research
primary
statistical
secondary
Q14 In the preparation of the feasibility study, the entrepreneur should clearly define theâ?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦… of the venture
profit plan
staff requirements
purchasing needs
goals and objectives
Q15 When describing your business, you should explain all of the following except:
business type
product type
profitability
balance sheet
Q16 The business plan is a ����.. showing where you are going, how to get there, with what means and what you will get when you get there,
strategy
activity
map
document
Q17 scientific inquiries have some assumptions which are represented by the following key words except
determinism
parsimony
empericism
scientivism
Q18 Searching for the truth, establishig the truth and providing evidence for the truth is in research called��.
relativism
serendipity
scientivism
empericism
Q19 It is always necessary for the entrepreneur to consider conducting some level of �������.. research
customers
suppliers
action
market
Q20 Environmental analysis involves the assessment of external factors that are â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦… variables that may impact on the enterprise
vissible
costly and unaffordable
outside and difficult to access
uncontrollable
Q21 �������. planning will be an annual requirement but subject to careful monitoring and changes made on a weekly or monthly basis
financial
production
human resources
Marketing
Q22 Which of the following is not a vital factor to consider in the choice of location of a business
Energy and Water Supplies
Nature of business
Special facilities needed
business environment
Q23 The â?¦â?¦â?¦â?¦â?¦â?¦â?¦… of any business may be considered strategic in its operations as well as its success
materials
ICT
people
location
Q24 The internal environmental factors are generally more ���������.
accessible
less aggressive
consumable
controllable
Q25 The presence of a supportive and stable �������.encourages industrial development
power
policy
managers and employees
government
Q26 The �������.. analysis aims at determining the technical requirements of the business, location that would be most advantageous
business
locational
operational
technical
Q27 Avoidable pitfalls in poorly prepared business plan include all of the following except;
unreasonable goals
unmeasurable goals
lack of experience
unfavourable business climate
Q28 The lower the cost of capital in terms of interest payment in the venture, the better for the entrepreneur in terms of operational ���������..
performance
equipments
professionals
profitability
Q29 Fundamentally, the business plan or the business game plan or road map is used to answer all of the following basic questions except
where am I now?
Where am I going?
How will I get there?
when will I get there
Q30 ���������. is a significant tool for financing acquisition of operational (or fixed) assets without cash payment by the entrepreneur.
inventory
production
equipment
Leasing
Q31 Equity financing does not require����������.. security from the entrepreneur
internal
external
high – tech
collateral
Q32 Funding of a new venture can also comes from the following external sources except;
Equity Financing
Venture Capital
Debt Financing
inventotry financing
Q33 Another source of internal funds is the short-term funds obtainable from the reduction in short-term�������. such as inventory, cash and others
capital
liability
borrowings
assets
Q34 The personal funds are considered least �������.. in terms of cost and control among the alternatives internal sources of fund
available
applied
sought
expensive
Q35 The job â?¦â?¦â?¦â?¦â?¦â?¦…are used to specify the details of the work that is to be performed and any special conditions or skills involved in performing the job
outline
procedures
template
description
Q36 A prelude to writing the organization plan is the preparation of a ���������..analysis by the entrepreneur
market
profit
materials
job
Q37 The â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦…of the Market gives the guide to the feasible range of alternatives of project size
location
information
buyers and sellers
size
Q38 An assessment of �������. prepares the entrepreneur for mapping out effective strategies to deal with them
location
inventory
competiton
risk
Q39 If the manufacturing is to be carried out in whole or in part by the entrepreneur, he or she will need to describe the following except;
the physical plant layout
costs of manufacturing
future capital equipment needs
current profit level
Q40 A business �����.. can be described as the road map on the journey to your success
firm
budget
strategy
plan
Q41 The classification of investment projects can take of the following form except;
By degree of dependence
By type of cash flow
By project size
By capital outlay
Q42 �����������. is a venture undertaken towards making some profits
selling
entrepreneurship
enterprise
business
Q43 A â?¦â?¦â?¦â?¦â?¦â?¦… proposal is very similar to a business plan. More often than not, the â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦…proposal is an appendage of the business plan
security
leasing
bank
loan
Q44 The business plan is valuable to the entrepreneur, potential investors, or even for the review of new personnel, who are trying to â?¦â?¦â?¦â?¦â?¦…themselves with the venture
help
invest
evaluate
familiarize
Q45 If the manufacturing is to be carried out in whole or in part by the entrepreneur, he or she will need to describe all of the following except;
costs of manufacturing
the physical plant layout
raw materials and suppliers
equipment and leasing costs
Q46 The â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦.. represent all the operational facilities, stock of goods, debtorsâ?? obligations to the business, and cash balances, among others
fixed assets
current assets
assets and liabities
assets
Q47 In financial analysis, it is necessary for the entrepreneur to prepare operating and capital budgets before developing the pro forma ������. statements
financial
annual
accounting
income
Q48 The ideal way to begin the market research is for the entrepreneur to take time to make a list of the information that will be needed to prepare the �������.. plan
Sales
business
competitive
marketing
Q49 ���������. analysis attempts to give the entrepreneur extensive insight as to the current market condition and the possible impact of the external environment
industry
physical
ecological
Environmental
Q50 A ���������.. study involves the process through which the viability of a business can be assessed
business enterprise
research
business proposal
feasibility
Q51 The loan proposal should be written in narrative, providing all of the following relevant information except;
market information
personnel requirements
market strategies
suppliers proposal
Q52 The essence of â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦. analysis is to situate the new venture in a proper context in relation to a new ventureâ??s likely position in the industry
firm
company
country
industry
Q53 Appendix in a business plan outline includesall of the following except;
Letters
Market research data
Leases or contracts
customers complaints
Q54 Which of the following is not a question that the entrepreneur is to bring into consideration in the formulation of business plan?
Who is my customer?
Will it work?
Can I manage such a business?
what is my profit level?
Q55 â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦… for the board members can be made in form of shares of stock, stock options, or monetary payment.
allowance
incentives
payments
compensation
Q56 The job â?¦â?¦â?¦â?¦â?¦â?¦…are used to specify the details of the work that is to be performed and any special conditions or skills involved in performing the job
policy
procedure
target
descriptions
Q57 A management team is needed by the enterprise in order to avoid an untimely ������..
competition
loss
prosecution
demise
Q58 Your plan must address all of the following locational concerns except
location needs
kind of space need
desires for area and the building
communication needs
Q59 The preparation of the ��������. preludes the preparation of the business plan
budget
proposal
committee reports
feasibility
Q60 The final decision role of the manager is that of ��������.. These are negotiation of contracts, salaries, and prices of raw materials, among others.
recruitment
purchasing
marketing
negotiation
Q61 The�������..plan may be read by employees, investors, bankers, venture capitalists, suppliers, customers, advisers, and consultants.
strategic
operational
manufacturing
business
Q62 Fundamentally, market â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦… begins with a definition of objectives or purpose
forces
analysis
buyers and sellers
research
Q63 Steps in Preparing the Marketing Plan includes all of the following escept;
Defining the Business Situation
Defining the Target Market
Establishing Marketing Goals
Analysing the competitive forces
Q64 Fundamentally, the purpose of a loan proposal is to communicate the essential aspects of the loan scheme to potential â?¦â?¦â?¦â?¦â?¦….
borrower
user
supplier
lenders
Q65 The outline of a business plan involves all of the following details except;
Industry Analysis
Production Plan
Assessment of Risk
budget preparation
Q66 Sources through which the required information for a feasibility study can be generated includes all of the following except;
Commercial Banks
Libraries
The Internet
androids and tablets
Q67 An assessment of risk prepares the entrepreneur for mapping out effective ����������. to deal with them
resources
Tactics
professionals
strategies
Q68 All of he following constitute the analysis of the necessary control measures for assessing the progress of a business plan except;
Quality Control
Disbursements
Inventory Control
quantity control
Q69 In the process of calculating the projected operating expenses, it is strongly recommended that the entrepreneur be ���������.. for the initial planning purposes
careful
strategic
educated
conservative
Q70 In the process of business operations, all the business transactions affect the �����������
company account
operating cost
capital base
balance sheet
Q71 This constituent of the marketing â?¦â?¦â?¦â?¦â?¦â?¦â?¦… involves a description of the product or service to be produced or marketed in the new venture
research
concept
plan
mix
Q72 The ���������.of the business plan generally contains any backup material that is not necessary in the main body of the document.
Proposal
document
reports
appendix
Q73 The owner ���������.. is the amount of funds which belong to the owner (the entrepreneur) of the business
investments
contributions
capital base
equity
Q74 Debt financing requires the entrepreneur to pay back the amount of funds borrowed plus a fee expressed in terms of agreed or negotiated ��������..
Compound interest
charges
principal
interest rate
Q75 ��������.. Is the section of the business plan that is prepared after the whole plan is written
report
appendix
profit and loss account
The executive summary
Q76 The business plan could take much considerable period of time to ���������.., depending on the experience and knowledge of the entrepreneur
explain
sell
propose
prepare
Q77 the �����������.. sales point indicates to the entrepreneur the volume of sales required to cover total variable and fixed expenses
market
inventory level
sales volume
break â?? even
Q78 Cash flow is obtainable from the â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦â?¦… between actual cash receipts and cash payment
calculation
flow
analysis
difference
Q79 Classically, projections in business plans made for how many years?
four
three
two
one
Q80 Which of the following is not a fundamental factors to consider in fixing appropriate price for a new product?
Desired mark-ups
Nature of the components
Freight or transportation cost
locational costs
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