QUIZ

ENT 300 FUNDAMENTALS OF ENTREPRENEURSHIP

Name
:
________________________________________________________________
Student ID
: _________________________________ Group:
________________________
Answer all questions. Half () mark for every correct answers.
(Total of 5 marks)
1. This person will need business plan to fully comprehend the
proposed venture before making any investment decision.
2. Known as a working paper, business proposal, project paper or
prospectus.
3. Readers of the business plan.
4. The size of particular needs to be estimated so that the
business can then estimate its own market share.
5. That statement will show how much investment in terms of
fixed assets costs, monthly expenses and other cost are
needed to start the business.
6. A projected statement of something that the entrepreneur
estimates in advance.
7. This can be determined by dividing total current asset by total
current liabilities.
8. Other name for inventory turnover.
9. To help the entrepreneur measure the degree of financial risk
that his business faces, so that the entrepreneur can assess
his level of debt and decide whether it is appropriate for the
business.
10.
Give

(1)

ONE

elements

in

the

pro

forma

statement.

Efficiency Ratio

Business plan

Investors

Gross profit

Entrepreneurs

Bankers

income

Suppliers

Customers

Current ratio

Proforma

Pro forma

Stock turnover

cashflow

Solvency ratio

Projection turnover

Project

Employees

implementation

Market size

cost

Target market

QUIZ
ENT 300 FUNDAMENTALS OF ENTREPRENEURSHIP
Name
:
________________________________________________________________
Student ID
: _________________________________ Group:
________________________
Answer all questions. Half () mark for every correct answers.
(Total of 5 marks)
1. This person will need business plan to fully comprehend the
proposed venture before making any investment decision.
2. Known as a working paper, business proposal, project paper or
prospectus.
3. Readers of the business plan.
4. The size of particular needs to be estimated so that the
business can then estimate its own market share.
5. That statement will show how much investment in terms of
fixed assets costs, monthly expenses and other cost are
needed to start the business.
6. A projected statement of something that the entrepreneur
estimates in advance.
7. This can be determined by dividing total current asset by total
current liabilities.
8. Other name for inventory turnover.
9. To help the entrepreneur measure the degree of financial risk
that his business faces, so that the entrepreneur can assess

his level of debt and decide whether it is appropriate for the

business.
10.
Give

(1)

ONE

elements

in

the

pro

forma

income

statement.
Efficiency Ratio

Proforma

Solvency ratio

Gross profit

cashflow

Employees

Business plan

Project

Market size

Entrepreneurs

implementation

Target market

Investors

cost

Current ratio

Bankers

Customers

Stock turnover

Suppliers

Pro forma

Projection turnover