Nature of Business Plans

Nature of Business Plans

11th - 12th Grade

20 Qs

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Nature of Business Plans

Nature of Business Plans

Assessment

Quiz

Business

11th - 12th Grade

Practice Problem

Hard

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20 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following discusses how a company will work in the future:

Product promotion

Executive summary

Financial resource

Business plan

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Since Brianna wants to sell a bank or investor on her company’s capabilities, she is motivated by the number one reason for writing a business plan, which is

the need for funding.

an approaching deadline.

an urgent request.

the desire for recognition.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what way can a startup business benefit from writing a business plan?

Place a value on the business

Define managers’ roles

Prepare for an expansion

Assess a new product or promotion

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In what way can an existing business benefit from writing a business plan?

Begin operations

Identify managers’ roles

Acquire funding for a new idea

Determine how to distribute profits

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Since Justin needs to examine the methods used to reach his company’s goals, he wants to write a business plan to

acquire funding.

implement a strategic plan.

prepare for an expansion.

place a value on the business.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Before Lynnette takes her new product to a mass audience, she should write a business plan to

identify managers’ roles.

obtain a specific contract or agreement.

place a value on the business.

assess a new product or promotion.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Since Alana’s company will build a new facility next year, she should write a business plan to

assess a new product or promotion.

place a value on the business.

prepare for an expansion.

obtain a specific contract or agreement.

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