Entrepreneurship Final Exam

The part of a business plan that explains how the business will function if an unexpected event occurs is a

• risk management plan

• vision statement

• contingency plan

• financial plan

In which type of economy does the government determine what goods are produced, how much is produced, and the selling prices?

• Command economy

• Traditional economy

• Market economy

• Mixed economy

Includes a description of the product or service, goals, mission and vision statements, and proposed location.

• table of content

• business description

• title page

• appendix

Inform the reader of where each section of the plan is located

• financial plan

• table of contents

• title page

• operations

Describes the organizational structure of the business and the management team.

• executive summary

• conclusion

• appendices

• operations

Describes start-up capital and sources of funds.

• financial plan

• vision statement

• risk management plan

• summary

Presents the name of the company, the owner, and the date the plan is presented.

• organization

• capital source

• table of content

• title page

Describes industry conditions, economic conditions, competition, and specifies the target market.

• summary

• market analysis

• operations

• market evaluation

Provides an overview of the business

• financial documents

• business description

• operational plans

• executive summary

The road map or course of action to be taken for a start-up business is described in the

• business license

• business plan

• feasibility study

• sales strategy