Entrepreneurship Chapter 3 & 4 Review

Entrepreneurship Chapter 3 & 4 Review

9th - 12th Grade

15 Qs

quiz-placeholder

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Entrepreneurship Chapter 3 & 4 Review

Entrepreneurship Chapter 3 & 4 Review

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Courtney Alexander

Used 19+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the main purposes of a business plan?

it sets specific business objectives

it describes the backgrounds and experience of the business’s leadership team

it includes sales goals for at least 10-12 years into the future

it explains the idea behind a business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan

is useful once your business is operational but is not much help during the startup phase

is not usually needed to secure financing for your business

can serve as a tool for managing your business once it is up and running

all of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long do most entrepreneurs spend developing their business plans?

10-20 hours

20-50 hours

50-100 hours

100-150 hours

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business plans should always be handwritten.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT included in the introductory elements of a business plan?

cover letter

title page

tax returns of the business owner

statement of purpose

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which part of the business plan includes supporting documents that back up statements made in the body of the report?

the executive summary

the appendix

the table of contents

the concluding statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A market segment consists of people with common characteristics.

True

False

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