Entrepreneurship Chapter 3 Test Review

Entrepreneurship Chapter 3 Test Review

9th - 12th Grade

20 Qs

quiz-placeholder

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Entrepreneurship Chapter 3 Test Review

Entrepreneurship Chapter 3 Test Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Deda Rush

Used 24+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A formal explanation of a company's goals

mission statement

company description

financial plans

management plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a brief overview of the company including the business name, a summary of the business and location of the business

company description

mission statement

management plan

financial plans

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the component of the business plan that refers to how a company will be organized

company description

mission statement

management plan

financial plans

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the income earned by a business

company description

revenue

management plan

financial plans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a projection of what an entrepreneur expects out of the sales and expenses of a business

pro forma financial statements

revenue

management plan

financial plans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the component of the business plan that contains a strategy for how a business will obtain start-up capital, identify sources of financing, and assess the costs and benefits of resources

pro forma financial statements

revenue

management plan

financial plans

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of a business plan?

presentation outline

operating plan

cover page

owner's credentials

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