Business Planning

Business Planning

11th Grade

20 Qs

quiz-placeholder

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Business Planning

Business Planning

Assessment

Quiz

Business

11th Grade

Practice Problem

Hard

Created by

bruce lin

Used 187+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a business plan?

Written document that only outlines the business practices of the new business.

Written document that describes the financial aspects of the business.

Written document that only describes the ownership of the business.

Written document that describes all the steps necessary for opening and operating a successful business.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do you need a business plan?

To explain your idea

the ability to get financing.

it's a road map that sets objectives and goals for the business.

To help reduce the risk of business failure.

All of the above.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which of the following situations is a business plan considered to be unessessary

Establishing a business

Planning for the next 5 years

Organising business expansion

Managing the cash flow for a business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is true?

A strategic plan is a short term plan of action for a business

A tactical plan is a long term plan of how the strategic plan is to be achieved

An operational plan is to do with the day-to-day running of the business

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the acronym SWOT stands for?

Strengths, Weaknesses, Obligations, Threats

Strengths, Weaknesses, Opportunities, Threats

Strengths, Weak points, Opportunities, Threats

Strengths, Weaknesses, Opportunities, Time

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many components are there in a business plan?

10

14

11

12

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by the term "mission statement"?

A broad statement of a business purpose and goals/objectives

A plan of action for future years

A plan of missions in overseas markets/countries

Statement read by a business's CEO during a press conference

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