DR. YANGA’S COLLEGES, INC.

Wakas, Bocaue, Bulacan

College of Hospitality Management and Tourism
DYCHEth313: Entrepreneurship in Tourism and Hospitality

SEMI FINALS REVIEWER

Week 11 - Ownership and Organization

________________________________1.This form of cooperative promotes thrift and savings among its members in order to grant
loans for production and provident purposes.
________________________________2. This form of cooperative combines the concept of two or more of the business activities of
the different types of cooperatives.
________________________________3. It is one who shares ownership and management of the business and is liable to the extent of
his separate properly after all the assets of the partnership are exhausted.
________________________________4. With limited financial liability and they do not take active role in the management of the
firm.
________________________________5. Are those not taking active role in the operation of the business but are generally known to
be partners of the business.
________________________________6. A partner who is designated to wind up or settle the affairs of the partnership after
dissolution.
________________________________7.It is a partner who contributes money or properly to the common fund of the partnership.
________________________________8. This type of cooperative engage in the supply of production input to members and market
their products.
________________________________9. This type of cooperative is organized to undertake a production-oriented concern may it be
agricultural or industrial in nature.
________________________________10.This type of cooperative is for the primary purpose of procuring commodities in bulk and
retails the same to the members and non-members.
________________________________11. New business venture within the ability of the entrepreneur to capitalize can be a major
influence as the entrepreneur may opt for the bias of doing it by himself to rake all the benefits of the venture.
________________________________12. People, time, money and products can all be exploited under the right circumstances, and a
variation in legal form may be useful for this purpose.
________________________________13. A partner who is actually not a partner but is held out or represented as a partner.
________________________________14. A partner who takes active part in the business but is not known to be a partner by outside
parties.
________________________________15. Is an artificial being, invisible, intangible, and existing only in contemplation of law.
________________________________16. As a duly registered association of persons, with a common bond of interest, who have
voluntarily joined together to achieve a lawful common social or economic end.
________________________________17. It is more complex of the three major forms of business ownership.
________________________________18.They are neither active in the partnership not they are generally known to be associated
with the business.
________________________________19. The partner who is designated to manage the operations of the business of the partnership.
________________________________20
. The partner who contributes his knowledge of personal services to the partnership.

Week 12 - Financing Venture

________________________________1. This is more of the personal standing of the entrepreneur or borrower in his community, as
well as his own personal credibility.
________________________________2. is the entrepreneur or borrower’s guarantee, such that in case the borrower fails to repay the
loan, the collateral will be foreclosed by the fund provided.
________________________________3. The business plan of the proposed venture itself is also, another indicator that the business
has a high profit potential, and that it has the capacity to pay for it debts.
_______________________________ 4. Help their clients raise money in the capital markets, provide various financial advisory
services, and assist with mergers and acquisition activity.
________________________________5. The conditions set forth in the contract or mode of payment, interest rates, penalties, and
sanctions in case of default, as well as provisions for settlement of disputes as necessary.
________________________________6.Represents the money or hard cash to support its normal short-term operations.
________________________________7.It is an individual who funds a business because of his/her particular connection with a
business, cause or industry.
_______________________________8. They are generally agencies or businesses with more than one person contributing to your
business.
_______________________________9. By offering up your personal dollars saved, you’re showing investors – and yourself – that
you’re serious about your business.
_______________________________10. Convince the banker of the profitability for your business venture, and convince the banker
as to how you would repay the loan.
_______________________________11. Be sure to support your figures with a business plan
_______________________________12.Refers to the money needed to purchase fixed assets or capital goods.
_______________________________13. Be prepared with specific reasons as to why you need to borrow money from the bank and
convince the banker that indeed you need their support.
_______________________________14. Explain to the banker why bank financing is critical to your business and why you did not
consider other fund sources.
 DR. YANGA’S COLLEGES, INC.
Wakas, Bocaue, Bulacan
College of Hospitality Management and Tourism
________________________________15.Requirements is needed when an existing business is set to expand, diversify, or change its
directions.
________________________________16. Each loan or borrowing transaction has to have contract or agreement defining the
obligations of the contracting parties.
________________________________17. In your business plan, propose a loan payment schedule that will please your financers,
including the bank.
________________________________18. Assure the bank that should the worst happen, there are other guarantees and terms in the
loan contract that sufficiently covers whatever loan exposure there will be.
________________________________19. Is not purely new venture creation, but is also connotes expansion of efforts through some
innovations or introduction of new products and services.
_______________________________20. Explain exactly and in details how you would spend the money. Do this in the business
plan.

Week 13 - Production of Goods Services

______________________________1.Are material inputs that become part of the product.

______________________________2.It is all others costs incurred in making of the products but do not become part of the product.
______________________________3.Sees to it that resources are effectively utilized to create the product in the right quantity, of
desired quality, and at the right price.
______________________________4.It is putting parts together to form a final product.
______________________________5.Makes sure that the operation has been carried out correctly as to quality and quantity.
______________________________6.Refers to both physical and mental efforts like the works of farmers, fisherman, workers,
clerks, lawyers, teachers and doctors and among others.
______________________________7.Indicates that productive resources such as materials, money, machines and other have to
undergo a processing stage before they are transformed into products
______________________________8.It is the most important function of business.
______________________________9.If the product found to be defective or unable to meet the specifications or requirements, then
than is in the end
______________________________10. Which involves adding a mark-up to your break-even costs
______________________________11. Which takes into account the value of your service to your customers.
______________________________12.It includes the workers whose outputs are closely related to or associated with the making of
the product.
______________________________13.It is a chain of businesses through which a good or services passes until it reaches the final
buyer or the end consumer.
______________________________14.it is a processing and or assembling of raw materials by workers using machinery and
equipment to produce a product or provide service.
______________________________15.May mean painting, varnishing, polishing, trimming, cleaning, and glazing, among other.
______________________________16.Includes natural resources such as forests, mountains, and bodies of water like rivers, lakes,
and seas.
______________________________17.Pertains to machines, equipment’s, buildings and other physical resources, which are used in
the production of goods and services.
______________________________18.Coordinates the other factors of production such as land, labor, and capital.
______________________________19.Represents the main step in a process, method, or procedure where the raw materials is
changed into something else.
______________________________20.Needs to be carefully made for the demand of its technical, economic, financial aspect, and
every minor details of the production.