FBISE, NCP & NBF-aligned resources for Classes 9–12
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Computer Chapter 7 : Test # 2
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A student wants to launch an online graphic design business. Before investing money, she prepares a written document describing her business idea, marketing strategy, financial estimates, operational plan, and future goals. Her teacher explains that this document increases the chances of business success.
Reasoning: A business plan is a written summary of the business venture, including operational, financial, and marketing details.
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An entrepreneur prepares a detailed plan before opening a computer repair center. During planning, he identifies possible financial losses, competition, and technical challenges so that he can prepare suitable solutions before launching the business.
Reasoning: A business plan helps determine the principal risks facing a venture.
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A startup owner compares the monthly sales and expenses with the targets written in the business plan. Whenever actual performance differs from expectations, he adjusts his business strategy accordingly to improve future results.
Reasoning: A business plan serves as a tool for comparing actual results against targets.
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Two entrepreneurs apply for business financing. One presents only a verbal explanation, while the other submits a detailed business plan supported by financial forecasts and market analysis. Investors are more interested in the second proposal.
Reasoning: A well-prepared business plan helps attract investors and financing.
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A business owner notices that customer preferences, technology, and competition are changing rapidly. Instead of continuing with old methods, she updates her business strategies regularly to remain competitive in the market.
Reasoning: Businesses must think and act strategically in a competitive environment.
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While preparing a business plan, an entrepreneur spends weeks researching customer demand, financial requirements, competitors, and marketing opportunities. Although the process is time-consuming, it improves the quality of business decisions.
Reasoning: Preparing a sound business plan requires effort but offers valuable benefits.
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Two business plans contain similar sections. However, one clearly highlights the entrepreneur's experience, innovative ideas, business strengths, and company culture, making it more convincing to investors.
Reasoning: A business plan should uniquely present the strengths of the venture.
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A first-time entrepreneur struggles to organize financial forecasts and marketing sections. She uses software containing templates, step-by-step guidance, and instructional videos that simplify writing the complete business plan.
Reasoning: Business Plan Pro/LivePlan provides templates and guidance for beginners.
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An entrepreneur wants software that automatically asks questions about the business and generates organized sections based on the provided answers, reducing the time needed to prepare the final business plan.
Reasoning: LivePlan guides entrepreneurs through questions to create business plans.
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A startup founder already has a business plan but wants software that offers hundreds of sample plans and a wizard to customize them according to the specific nature of the new business.
Reasoning: Plan Write provides examples and customization tools for business plans.
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A young entrepreneur wants to prepare financial calculations using spreadsheet features on Windows, Linux, Android, and iOS instead of using a word processor for business planning.
Reasoning: Plan Maker is a spreadsheet application available on multiple platforms.
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A student creates business posters, promotional videos, social media graphics, and presentation designs using ready-made templates while working with classmates online.
Reasoning: Canva is widely used for creating visual business content.
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An entrepreneur launches an online business website using an open-source content management system that allows easy website creation, publishing, and management without requiring advanced programming skills.
Reasoning: WordPress is a popular website creation and content management platform.
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A student confidently manages personal responsibilities, remains disciplined, fulfills commitments, and believes in completing assigned tasks independently. These qualities help prepare him for future entrepreneurial success.
Reasoning: Conducting oneself includes confidence, responsibility, and self-management.
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While solving community problems, a learner observes surroundings carefully, identifies opportunities, develops creative ideas, and selects the best solution after comparing different alternatives before making decisions.
Reasoning: Thinking skills include creativity, observation, problem-solving, and decision-making.
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During a group project, one student cooperates respectfully with classmates from different backgrounds, values everyone's opinions equally, and ensures that every member contributes regardless of gender or disability.
Reasoning: Entrepreneurs need strong interpersonal and teamwork skills.
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Before introducing a new mobile application, a company conducts surveys asking customers about age, preferences, willingness to pay, buying habits, and reasons for choosing similar products available in the market.
Reasoning: Market surveys estimate customer demand and market size.
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An entrepreneur discovers through surveys that customers only purchase decorative lights during festivals, while sales remain extremely low throughout the rest of the year. This information helps estimate future demand.
Reasoning: Businesses should identify whether demand is regular or seasonal.
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A manufacturer calculates material costs, workers' salaries, electricity bills, equipment depreciation, and expected profit before deciding the selling price of a newly designed electronic device.
Reasoning: Selling price includes production cost, overheads, and profit.
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A bakery notices that demand for its cakes is much higher than available supply. Later, several competitors enter the market, increasing supply while customer demand remains unchanged. The owner reviews pricing accordingly.
Reasoning: Entrepreneurs adjust profit margins and selling prices according to market demand and supply.
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