Business Management Final Exam

In the function of management, the manager observes the company's operation to check that goals and objectives are being achieved.

• Uncontrolled

• Disallowed

• Allowed

• Controlling

In the function of management, the manager takes the goals and objectives of the company and plans how to achieve them.

• Organizing

• Completion

• Planning

• Incomplete

A management plan is the vision of the business an entrepreneur wants to start or how to improve an existing business.

• True

• False

The first part of a business plan where entrepreneurs explain the business, its structure, the product or service provided by the business, and their vision on how they plan to make his business a success is _____.

• the business concept

• the financial section

• the marketing section

• the marketplace section

The key elements of a business plan can include _____.

• Competition

• Functional Structure

• Business Description and Vision

• Executive Summary

The_____________________ is a snapshot of an entrepreneur's business plan as a whole.

• Business Description and Vision

• The marketing section

• The financial section

• Executive summary

The ________________ should be written last because an entrepreneur needs to highlight what the strengths of the plan are in this section.

• Business Plan

• Financial Analysis

• Executive Summary

• Data Points

The _____ section of a business plan should include a competitive analysis.

• Business Description and Vision

• Executive Summary

• Organization and Management

• Market Analysis

The _____ section of a business plan should include ownership details.

• Market Analysis

• Business Description and Vision

• Organization and Management

• Executive Summary

Once the market has been analyzed and goals and objectives have been established, the _____ section of a business plan is completed.

• description of products and services

• executive summary

• financial management

• marketing analysis