Business Plans

Multiple Choice

Which of the following is NOT listed as an example of enterprise skills at home?

• Cooking a meal

• Starting a club

• Laundry

• Babysitting

Multiple Choice

What is the best definition of an "action plan" as described in the transcript?

• A list of products to sell in a business

• A schedule of school classes and breaks

• A list of actions or tasks necessary to achieve a goal, with responsibilities and dates

• A financial report for investors

Multiple Choice

Which information does a business plan give?

• Salaries of all workers in the country

• Which actions to be taken and when to start and finish them

• Next year’s weather

• Names of every customer

Multiple Choice

Which stage comes first in the eight stages of an action plan?

• Implement the plan

• Review and update the plan as each action is completed

• Set the goal

• Decide who is responsible for completing each action

Multiple Choice

Which part of an action plan helps you find problems quickly?

• It shows who does each job

• It puts the steps in order

• It sets times for jobs so you can see delays

• It shows how much money you need

Multiple Choice

Why should action plans be checked regularly?

• To make the plan longer and more detailed

• To make sure tasks are being completed on time and see if anything needs to change

• To advertise the business to more customers

• To remove all people responsible for tasks

Multiple Choice

If an action in the plan fails, what should the entrepreneur do?

• Cancel the entire project immediately

• Ignore the problem and continue as planned

• Think of solutions or an alternative way to complete the task

• Replace the entrepreneur with someone else