Professional Documents
Culture Documents
o A.
Marketing Strategy
o B.
Sales Strategy
o C.
Executive Summary
o D.
2.
What is a component(s) of business plan? (You can answer more than one
choice)
o A.
Executive Summary
o B.
Financial Plan
o C.
Safety Plan
o D.
Operation Plan
3.
The stockholder may read only the executive summary of business plan to
decide about the investment on that business.
o A.
True
o B.
False
4.
___________ in a business plan shows the estimated profit and expenses of
venture.
A gallery of photos that explains the location and construction of the business
A written plan that is a description of all the aspects of the business and includes the business's
goals
A collection of plans that are combined from different business and then analyzed and compared to
your business
none of the above are correct; a business plan is simply a list of guidelines that tell successful
business's how to run their company in order to make a profit
Question 2
45 seconds
Q. What should the aspect of the cover sheet or table of contents NOT include?
answer choices
diagrams, photographs
vision and mission statement
back up description of the target market, why your idea will be successful and capture the market
and why the opportunity is present
all of the above
Question 4
45 seconds
Executive Summary
Table of Contents
Background
Financial Plan
Question 5
45 seconds
Q. Which of the following parts of a business plan include the cash flow projection and
the repayment plan?
answer choices
Q. Which part of the business plan explains the process of attraction of customers to
your business and how you determined the appropriate customers?
answer choices
Market Research/anaylsis
Financial Plan
Background and History
all of the above
Question 7
45 seconds
Q. What is the difference between the Start Up plan and the Occupational Plan? Which
statement is correct
answer choices
The Occupational Plan tells where you want and plan to start the busines
Occupational Plan describes in detail how your business will operate
Start Up Plan- explains why you chose the business frame and location
Start Up Plan- Includes diagrams of production or areas of service
Question 8
45 seconds
Q. Where do you state the vision for the company, how much money you need, and
how you hope to pay the money back well as the opportunity?
answer choices
Executive Summary
Financial Plan
History
Table of Contents
Question 11
45 seconds
Q. True or False: If your executive summary is more than three pages it will most likely
not be read
answer choices
True: too much is not needed when writing an executive summary the readers will be bored
False: More is always needed when writing an executive summary
both of the above
none of the above
Question 12
30 seconds
Q. Why are business plans used for potential investors and banks?
answer choices
Index Venture
Funds
Creation Process
all of the above
Question 14
30 seconds
Q. Which part of the business plan includes the 4 P's Place Product Production Price?
answer choices
Marketing Research/anaylisis
History
Table of Contents
Contact Information
Question 15
30 seconds
5
6
7
8
Question 17
30 seconds
Q. What are the 7 essential parts to creating a business plan?
answer choices
Q. What part of the plan focuses on what you are selling and the benefits that the
customers will receive (the cost of the marketed items/acts)?
answer choices
Company Description
Product/Services
Strategy
Market Analysis
Question 19
30 seconds
Q. Which part of the plan outlines the structure of the company, identifies the owner's of
the company and their percentage, and lists board members?
answer choices
Financial Plan
Organization
Strategy/ Implementation
Executive Summary
Question 20
30 seconds
Q. What part of the plan deals with details about promotion, pricing, and distribution, as
well as on how the business will reach customers within their target market?
answer choices
Strategy
Market Analysis
Company Description
Financial projections/plans
Question 21
30 seconds
Q. This part of a business plan shows the knowledge of the industry and includes
statistics on marketing data for the companies products/services, and evaluates
competition
answer choices
Executive Summary
Company Description
Strategy
Market Analysis
Question 22
30 seconds
Q. Which part of the business plan should include the income statements of the
company and balance sheets (cash flow)
answer choices
Market Analysis
Financial Plan
Financial Projection
both b and c
Question 23
30 seconds
Q. Where would an example of the descriptions the department/ key employees fit in?
answer choices
Organizational
Executive Summary
Financial Plan
Product/Service
Question 24
30 seconds
true
false
both
neither
Question 25
30 seconds
Q. This part should draw the readers attention in order to continue reading the business
plan
answer choices
Product/Service
Executive Summary
Market Analysis
Strategy
Question 26
30 seconds
Q. Includes a biography listing the owners skills and their background information
answer choices
Management team
Financial Plan
Products
Projections
Question 27
30 seconds
Q. Includes the operating hours of the company
answer choices
Strategy / Implementation
Financial Plan
Executive Summary
all of the listed
Question 28
30 seconds
Company description
Products
Financial Plan
Services
Question 29
30 seconds
Financial Plan
Products
Executive Summary
Company Description
Question 30
30 seconds
Product
Cover page
Location summary
Company Description
The part of the business plan that includes supporting documents that provide additional
information and backs up statements made in the body of the report.
answer choices
Concluding Statement
Executive Summary
Appendix
Introduction
Question 2
20 seconds
Q. A business plan is a written document that describes all the steps necessary for
opening and operating a successful business.
answer choices
True
False
Question 3
20 seconds
Q. This section of your business plan will summarize the goals and objectives you have
for your business.
answer choices
Executive Summary
Statement of Purpose
Appendix
Concluding Statement
Question 4
20 seconds
Q. This section of your business plan should describe the products and/or services you
will offer, the market, the industry, and your location
answer choices
Operations
Marketing
Statement of Purpose
Appendix
Question 5
20 seconds
Q. This section of the business plan will help determine your financial needs.
answer choices
Financial Management
Operations
Marketing
Introduction
Question 6
20 seconds
Q. This section of your business plan, will explain how the business will be managed on
a day-to-day basis.
answer choices
Marketing
Statement of Purpose
Appendix
Operations
Question 7
30 seconds
Q. The part of the business plan that includes supporting documents that provide
additional information and backs up statements made in the body of the report.
answer choices
Cover Letter
Executive Summary
Appendix
Statement of Purpose
Question 8
20 seconds
Q. A business plan is NOT intended for
answer choices
Your competition
Potential investors
Your bank
None of the above
Question 9
30 seconds
Q. The purpose of a business plan includes which of the following?
answer choices
bank
chamber of commerce
Small Business Development Center
all answers are correct
Question 12
20 seconds
Q. Writing a business plan
answer choices
True
False
Question 14
20 seconds
Q. In a business plan, it is NOT important to describe the industry in which you will
operate
answer choices
True
False
Question 15
30 seconds
Q. The introduction, marketing, financial management, operations and concluding
statement are found in the main body of a business plan.
answer choices
True
False
Question 16
30 seconds
Q. It isn't necessary to include the location of your business in your business plan.
answer choices
True
False
Question 17
30 seconds
Q. Money, equipment, trucks and factories are considered this type of resource?
answer choices
Human
Natural
Capital
Entrepreneurial
Question 18
60 seconds
Q. The person who had the idea to start a business or develop a product is considered
to be this type of resource?
answer choices
Human
Natural
Capital
Entrepreneurial
Question 19
60 seconds
Q. If there is only one seller of a certain good and everyone has to buy from this seller,
this is called
answer choices
Oligopoly
Monopoly
Question 20
60 seconds
Q. SWOT analysis stands for
answer choices
Product
Price
Place
Promotion
Question 22
60 seconds
Q. The actual cost of the product or service you are selling?
answer choices
Product
Price
Place
Promotion
Question 23
60 seconds
Q. The business activity involved in advertising, selling and delivery of products and
services to the consumer.
answer choices
Budgeting
Marketing
Finance
Management
Question 24
60 seconds
Q. The 4 P's of Marketing are?
answer choices
Product
Promotion
Place
Price
Question 26
60 seconds
Q. The pay an employee receives for their job or career.
answer choices
Benefit
Taxes
Retirement
Salary
Question 27
60 seconds
Q. Extra incentives given to employees to keep them from working at another
business.
answer choices
Salary
Benefits
Resume
Interview
1. The best place to find more information on designing your own
individualized plan is:
A. Your lawyer
B. Your accountant
C. The Public Library, industry or government "Business Plan" Web
sites, or bookstores
D. Business Planning Consultants
4. A potential investor or lender is going to look over your business plan and
in his or her mind this question will arise: Where is the tough person to
make the really difficult decisions, handle negotiations skillfully and
exercise restraint? Your business
A. Projecting yourself in this image (assuming you're not!)
B. Making a point of stating that your team of consultants including
your lawyer and accountant will be employed to maintain a disciplined
business approach
C. Facing this issue and stating it in your business plan: your business
will need tough and skillful management. Answer this need in a way that
satisfies you as well those who will be doing business with you.
8. Let's assume that your business plan is based on starting a real estate
related business. This business plan session would lead you to most
favorably consider:
A. Residential and commercial sales.
B. Industrial and commercial development.
C. Room additions and industrial construction.
D. Specialize in one of above.
E. None of the above.