Entrepreneurship Quiz - Module 2

What does the 4M's of Business Operations refer to?

• Manpower, Machines, Materials, Methods

• Manufacturing, Marketing, Management, Methods

• Market, Model, Management, Money

• Money, Management, Marketing, Materials

Which of the following is NOT one of the 4M's?

• Marketing

• Machines

• Materials

• Manpower

What is the purpose of a product prototype?

• To test a concept or process

• To market the product

• To finalize the product design

• To increase production speed

Which part of the business model canvas describes the customer base?

• Value Proposition

• Revenue Streams

• Customer Segments

• Key Activities

What is the first section of a business plan called?

• Production Plan

• Marketing Plan

• Executive Summary

• Financial Plan

Which of the following is a key component of the financial plan?

• Marketing Strategies

• Value Proposition

• Sales Projection

• Customer Segments

What does CSR stand for in a business context?

• Corporate Social Responsibility

• Customer Satisfaction Rating

• Customer Service Relations

• Corporate Sales Revenue

Which of the following is NOT a part of the business model canvas?

• Revenue Streams

• Market Analysis

• Customer Relationships

• Key Partners

What is the main goal of the executive summary in a business plan?

• To summarize the business opportunity

• To describe the production process

• To provide detailed financial projections

• To outline the marketing strategy

Which of the following best describes 'Manpower' in the 4M's?

• The machines used in production

• The workforce involved in production

• The methods of production

• The materials required for production