Reviewer for ENTREP:

Manpower - examines what is the ideal number of people it will take to perform these methods and what
positions should they be in?

Machine - examine your facilities, vehicles, and tools that you need to ensure the safety of the employees
while maximizing the efficiency and productivity of the department.

Method - the manager can determine the volume of product that needs to be processed and who will be
responsible for each step of the process.

Materials - It is one of the 4M’s of operation that is needed to perform all parts of production.

Output - It represents the final products from the production process and distributed to the customers.

Prototype - a marketing copy that explains what a product is and why it is worth purchasing?

Supply Chain - a sequence of activities and organizations involved in producing and delivering a good or
service.

Goods - These are physical items that include raw materials, parts, sub-assemblies, and final products that
is being sold in the market.

Services - is an activity or use for which a consumer, firm, or government is willing to pay. Example of
this are barber,doctor,mechanic,lawyer,entertainer etc.

Manufacturing - Raw materials are being processed into finished products to be available for
selling.Which of the following choices has this function

Brick & Click – the business models integrate both offline and online that allows customers to purchase
their products online and let them pick them up at their physical store or deliver them thru courier.

Direct Selling – business model allows you to sell products directly, away from middleman.

Reselling – business model is also known as “value-added reseller model.

Retailing- Buying by bulk from wholesalers or suppliers of ready-made goods to be sold at a profit. What
do you call this kind of process.

Cash Flow – It is the difference between total income and total expenses. What do you call the amount
that carried over to the next period as beginning cash.

Cash Inflow - Cash Flow Statement elements refer to the recording of all cash sales transaction.

Cash Outflow - Cash Flow Statement elements which is applicable when all list of disbursement where
released

Previous Cash Balance - This is an element of the cash flow statement wherein the cash balance is
presented in particular point in the past.
Balance Sheet - It is a report that shows the financial stability of a business at a specific date by listing all
the assets and liabilities.

Capital - represents the capital requirements to obtain any equipment needed to generate income.

Cash on hand - the sum of total cash, cash sales, receivables and other income

Cash Sales - the income from sales paid for by cash.

Variable cost – the costs that change based on the amount of product being made, and that are incurred as
a direct result of producing the product.

Executive Summary - part of the business plan that summarizes the plan and states the objectives of the
business.

Product description - it describes the whole story of the company/business.

Assets - everything that the business owns that can be used to create value.

Sales/Expense Journal - It is the statement that help you to manage and control a cash business.

Forecasting - It is the tool used in planning that aims to support management or a business owner in its
desire to adjust and cope up with uncertainties of the future.

- Pricing, Distribution and Promotion are part of Marketing Plan

- Balance Sheet, Cash Flow Statement and Income Statement are part of financial data in business plan
- Writing a business plan can ensure that you figure out how to make business work.
- It is important to create a business plan to set out clear goals
- If the small business operator is intending to borrow money all must be indicated in the Executive
Summary EXCEPT: The Demand and supply effects of business.
- The first step of a good operations management is hiring the right people.
- All of the following criteria are the things you must verify in selecting a potential supplier in order to
provide the necessary materials in the production of products, EXCEPT: The supplier is easy to deal with