What is the main objective of business?
- aTo serve consumers
- bTo make profit
- cTo provide employment
- dTo pay tax
120 questions · 17 sections
What is the main objective of business?
Why do many enthusiastic entrepreneurs fail in business?
What is a business plan?
A business plan is essentially a —
Which of the following is NOT depicted in a business plan?
Business planning helps the businessman to reach his objective like —
A business plan can be compared to —
Business planning is necessary in which case?
Which of the following helps a businessman to achieve desired goal?
A business plan works as a deed of guideline to the —
When additional capital is required, who can take a decision by analyzing the business plan?
Business plan helps small and medium size enterprises to avail —
Which is NOT an importance of a business plan?
Business plan gives a concept about which of the following?
By reading the business plan, who can gain a clear concept of the business?
Consider the following about importance of business plan:
The success of business depends on —
What is a project?
A project —
A project may be —
What is the first step of the business plan process?
How does a project begin?
Selection of a project starts from —
Normally, what gives birth to project ideas?
While selecting a project, it is wise to think of —
Which is NOT a source of new project concept?
Consider the following sources of new project concepts:
After analyzing information from various sources, an entrepreneur shall make —
A project can be selected by how many methods?
The two methods of project selection are —
Macro-screening helps to select a project by evaluating —
The elements considered in macro-screening are —
Which of the following is NOT an element of macro-screening?
The demand of the product is influenced by —
Consumer's income, savings, expenditure pattern and standard of living relate to —
Raw materials for industry come from —
Businesses that destroy the environment should be —
Political stability and ideology of leading parties refer to which environment?
Education rate, technical education, social ethics and religious values refer to —
Prevailing law of the state and industrial policy form the —
Macro-screening is —
Consider the macro-screening elements:
Micro-screening is the detailed process of selecting a project through analyzing —
Through market survey, which of the following is justified?
Production process, technology specification, selection of machineries refer to which aspect?
Profitability or commercial viability of a project belongs to —
Elements of production cost, sales price and estimated profit are considered under —
Expenditure of the project, sources of financing and return on investment fall under —
The yardstick to measure economic contribution of a project includes —
In which case is contribution to the national economy NOT significant?
For medium and large business such as manufacturing —
Consider micro-screening elements:
What is the last stage of a business plan?
The business project report is prepared on the basis of —
A business plan should be —
The objective of the business is to focus on how many products?
Who should NOT be included in the management process?
A product description in a business plan should be —
Sales volume should be projected on the basis of —
A business plan should NOT be drafted on the basis of —
In a business plan, there should be a detailed discussion on —
While making a business plan, advice should be sought from —
Which is NOT a common content of a business plan?
"Sole Proprietorship, Partnership, Joint Stock Company" refers to —
Which describes management style?
Size of the market, possibility of future progress and ways to penetrate the market fall under —
Target profit and guideline to achieve future profit fall under —
Which of the following is part of projected financial statement?
Consider projected financial statement components:
Which type of cost is borne only at the time of starting the business?
Advance rent for the shop and furniture & fixtures are examples of —
Expenditures made all the year round to operate the business smoothly are called —
Which of the following is part of working capital?
In the grocery project example, total fixed capital is —
In the grocery project example, total working capital is —
In the grocery project example, total project cost is —
In the grocery project example, own source financing is —
In the grocery project example, projected yearly income is —
Cash flow statement can be preserved on which basis?
Cash flow statement helps the entrepreneur to have a clear idea about —
Why is it necessary to estimate the cash flow?
Break Even indicates such a state of business where —
At Break Even Point a business is in —
Break Even is when —
The point at which sales and expenditure become equal is called —
Which is NOT possible if Break Even Point is predefined?
If a businessman manufactures and sells 5000 cricket bats and earns no profit or loss, then 5000 cricket bats is —
If the businessman manufactures more than 5000 cricket bats —
If the businessman manufactures less than 5000 cricket bats —
Consider statements about Break Even:
Why is it necessary to justify the capability of the entrepreneur before starting a business?
Assessing business capability is a —
In the self analysis work chart, a positive (yes) answer is given —
In the self analysis work chart, a negative (no) answer is given —
If the total achieved number is 12 or more, then —
If the total achieved number is 7-11, then —
If the total achieved number is below 7, then —
Why might a person fail to become an entrepreneur?
Which question is part of self analysis chart?
Which of the following is NOT a question in the self analysis chart?
Self analysis helps to determine —
Which one of the following helps a businessman to achieve desired goal?
How does a project begin?
Mr. Shamim returned from abroad and opened a modern fast food shop in a densely populated but economically backward area, yet failed to make expected profit. Which factor did Mr. Shamim fail to consider before starting the business?
Reasons why Mr. Shamim did not achieve the expected profit:
Mr. Sadman and others purchased an acre of land and undertook a construction project "Shantinir". A project is best defined as —
Mr. Sadman did not have enough capital to meet initial expenses and identified alternative sources. What type of capital is needed in the initial stage?
Mr. Alam owns a confectionary. From sales Tk 5,16,000 and total expenditure (excluding advance shop rent of Tk 1,00,000 one-time and furniture & decoration Tk 1,00,000) of (1,50,000+50,000+60,000+36,000+12,000+8,000) = Tk 3,16,000. Projected yearly profit is —
In Mr. Alam's case, advance shop rent (one-time) and furniture & decoration are examples of —
Workers' wages, staff salaries, electricity bill and shop rent in Mr. Alam's business are —
The reflection of a business's future activities is —
Business planning means —
What is the final step of project planning in business?
A cash flow statement is —
Understanding break-even point is important because it helps in —
Consider the importance of break-even point:
In project selection, which screening covers market demand and financial aspect?
Which screening covers political, cultural and legal environment?
Identifying the project concept is —
Consider the steps of business plan process: