Entrepreneurship Chapter 3 Test Review

A formal explanation of a company's goals

• mission statement

• company description

• financial plans

• management plan

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

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

• company description

• mission statement

• management plan

• financial plans

the income earned by a business

• company description

• revenue

• management plan

• financial plans

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

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

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

• presentation outline

• operating plan

• cover page

• owner's credentials

What type of plan refers to how a company will be organized?

• financial

• marketing

• theoretical

• management

Additional information that may be needed about the business venture is often included in what section of a business plan?

• executive summary

• operating plan

• appendix

• mission statement

What part of the business model canvas divides potential customers into categories based on shared attributes and behaviors.

• value proposition

• customer segment

• key activities

• channels