Quiz 01

A mission statement doesn't usually include:

• what we do

• deadlines for when things are done

• who we serve

• how we serve them

Executive summary in business plan should be written first

• True

• False

Objectives should not be:

• Measurable

• Well defined

• Ambiguous

• Realistic

Banking is part of secondary sector:

• True

• False

Location of the company is not an important business decision

• True

• False

Limited partners are fully liable for debts of the company

• True

• False

Which of these are business functions:

• Customer Service

• Finance

• Operations

• All of them

Fundamental beliefs of an organization are:

• Operations

• Objectives

• Core Values

• Plans

Management issues are one of the top reasons for business failure

• True

• False

Which of these is included in a business plan

• Who will be your customers

• Who are your competitors

• Is there potential market growth

• all of them