Froggy Jumps: POB GAME (economics - buisness


Froggy Jumps POB GAMEOnline version Chapter 3 pages 3 and 4 by Jae serrano 1 What are the three types of planning business operations? a Typical business, feasibility study, finance b Start up costs, revenue, indirect overheads c Long term , Mid-term , short-term 2 An operational plan should include at least….. a Aims and objectives b Investors c Customers 3 Which is an example of the framework in which business works? a Avoids duplicating effort b Data is collected for a specific business and purpose c Firms must register their business names and trading address 4 One disadvantage of primary market research includes a Can be expensive b May be out of date c Is quick to access 5 The meaning of a business plan is.. a A written proposal addressed to potential lenders or investors. b The analysis of original first hand data c Viability of a business idea and an examination. 6 The main feature of the short term planning is a Is over a three year period b Development of existing functions c Taken to mean within one year 7 What is a reason for preparing a business plan? a To source finance b To the follow laws of the business c Source of profit 8 All the following are elements of a business plan except a Name of business b Address c Direct cost 9 The main methods of primary research are a Observation, surveys b Suppliers, personnel c Loss, viability 10 An analysis of the viability of a business idea and an examination of the different aspects of operating business is a Laws b Feasibility study c Secondary data 11 What is one reason why a feasibility study is important a It is the possible costs attached to the project b It is the indirect overhead c It can be time consuming 12 An accountant should be able to write a report giving details of: a Description of the potential customers and nature of competition b Need to prepare a Memorandum of Association and Articles of Association c Forecasted levels of profit/ loss 13 One disadvantage of secondary market research includes… a Is up to date b Can be expensive c May not be available. 14 An executive summary: an overview of the business a Typical business plan b Primary research c Questionnaire 15 One main source internal of secondary data is a Sales revenue b Direct cost c stock levels

1

What are the three types of planning business operations?

a

Typical business, feasibility study, finance

b

Start up costs, revenue, indirect overheads

c

Long term , Mid-term , short-term

2

An operational plan should include at least…..

a

Aims and objectives

b

Investors

c

Customers

3

Which is an example of the framework in which business works?

a

Avoids duplicating effort

b

Data is collected for a specific business and purpose

c

Firms must register their business names and trading address

4

One disadvantage of primary market research includes

a

Can be expensive

b

May be out of date

c

Is quick to access

5

The meaning of a business plan is..

a

A written proposal addressed to potential lenders or investors.

b

The analysis of original first hand data

c

Viability of a business idea and an examination.

6

The main feature of the short term planning is

a

Is over a three year period

b

Development of existing functions

c

Taken to mean within one year

7

What is a reason for preparing a business plan?

a

To source finance

b

To the follow laws of the business

c

Source of profit

8

All the following are elements of a business plan except

a

Name of business

b

Address

c

Direct cost

9

The main methods of primary research are

a

Observation, surveys

b

Suppliers, personnel

c

Loss, viability

10

An analysis of the viability of a business idea and an examination of the different aspects of operating business is

a

Laws

b

Feasibility study

c

Secondary data

11

What is one reason why a feasibility study is important

a

It is the possible costs attached to the project

b

It is the indirect overhead

c

It can be time consuming

12

An accountant should be able to write a report giving details of:

a

Description of the potential customers and nature of competition

b

Need to prepare a Memorandum of Association and Articles of Association

c

Forecasted levels of profit/ loss

13

One disadvantage of secondary market research includes…

a

Is up to date

b

Can be expensive

c

May not be available.

14

An executive summary: an overview of the business

a

Typical business plan

b

Primary research

c

Questionnaire

15

One main source internal of secondary data is

a

Sales revenue

b

Direct cost

c

stock levels

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POB GAME

Froggy Jumps

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POB GAMEOnline version

by Jae serrano

What are the three types of planning business operations?

An operational plan should include at least…..

Which is an example of the framework in which business works?

One disadvantage of primary market research includes

The meaning of a business plan is..

The main feature of the short term planning is

What is a reason for preparing a business plan?

All the following are elements of a business plan except

The main methods of primary research are

An analysis of the viability of a business idea and an examination of the different aspects of operating business is

What is one reason why a feasibility study is important

An accountant should be able to write a report giving details of:

One disadvantage of secondary market research includes…

An executive summary: an overview of the business

One main source internal of secondary data is