Entrepreneurship Ch. 3 test review

Entrepreneurship Ch. 3 test review

11th - 12th Grade

21 Qs

quiz-placeholder

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Entrepreneurship Ch. 3 test review

Entrepreneurship Ch. 3 test review

Assessment

Quiz

Business

11th - 12th Grade

Easy

Created by

Lorri Goss

Used 252+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A business plan is not intended for

your competition

potential investors

your bank

any of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Organizations made up of professionals in a specific industry that exist to provide information, education, support, and networking opportunities to individuals in their industry.

business plan

pro forma financial statements

statements

trade associations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mistakes to avoid when preparing a business plan include all of the following except

providing unrealistic financial projections

wasting time on research

ignoring the competition

failing to define the target market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan is important for all of the following reasons except

it makes you think about all aspects of your business

it helps you communicate your ideas to others

it guarantees you will get financing for your business

it can serve as a tool for managing your business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Organizations made up of professionals in a specific industry are called

entrepreneurs

trade associations

trade shows

SBDCs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the financial management section of a business plan, an entrepreneur should include ____ , which are statements based on projected revenues and expenses.

business plan

pro forma financial statements

statements

trade associations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial statement based on projected revenues and expenses

executive summary

pro forma financial statement

cover letter

business plan

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