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11. Which of the following is a replica of a
Ask: 11. Which of the following is a replica of a product as it will be manufactured, which may include such details as color, graphics, packaging and instructions?
A. Prototype
B. Materials
C. Supplies
D. Outputs
12. Which of the following is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
A. Business Model
B. Suppliers
C. Supply chain
D. Value Chain
13. The selling price of an item or merchandise is computed by adding cost per unit and __________?
A. Revenue
B. Mark Up
C. Discount
D. Number of Items
14. It is a tool that allows managers to make educated estimates on revenue and costs of the business in order to cope up with uncertainties of the future –
BONUS
15. Net turnover can be calculated as:
A. Sales plus returns inwards
B. Gross profit plus cost of goods sold
C. Sales less returns outwards
D. Purchases plus opening stock less returns outwards
16. Which of the following would not appear in the profit and loss account?
A. Drawings
B. Carriage outwards.
C. Cash expenses.
D. Rent received
17. What is the biggest mistake you can make when preparing a business plan?
A. Not telling a compelling story
B. Forgetting the executive summary
C. Failing to include at least one appendix
D. Misrepresenting facts
E. Failing to have a clear vision of the business
18. This section will discuss information about your business, your goals and the
customers you plan to serve.
A. Executive summary
B. Company description
C. Marketing plan
D. Financial projection
19. Is a technique that expresses each financial statement item as a percentage of a
base amount. Also called common-size analysis.
A. Horizontal analysis
B. Vertical analysis analysis
C. Ratio analysis
D. Financial statement
20. Which of the following best describes recruitment?
A.tools to produce goods or to generate services
B.process by which a business seeks to hire the right person for a
vacancy
C.marketing copy that explains what a product is and why it’s worth
purchasing
D.rationale of how an organization creates, delivers,
captures value in economic, social, cultural or other contexts.
Answer:
11.A.cPrototype
12.C. Supply Chain
13.B. Mark Up
14.Bonus
15.A. Sales plus returns inwards
16.A. Drawings
17.E. Failing to have a clear vision of the business
18.B. Company description
19.B. Vertical analysis
20.A. tools to produce goods or to generate services
Explanation:
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