
FP II Unit 3 3.03 Test
Authored by Cheryl Albright
Business
9th - 12th Grade
Used 10+ times

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13 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
In a business plan, where will Robert put the cost estimates and the effect of each on his company?
Financial Plan
Management Plan
Company Description
Strategy and Implementation
2.
MULTIPLE CHOICE QUESTION
5 mins • 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
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The number one reason for writing a business plan is:
An urgent request
The need for funding
An approaching deadline
The desire for recognition
4.
MULTIPLE CHOICE QUESTION
5 mins • 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
prepare for an expansion
implement a strategic plan
place a value on the business
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Erin and Evan, as part of preparations to sell their consignment shop, should write a business plan to:
prepare for an expansion
place a value on the company
assess a new product or promotion
obtain a specific contract or agreement
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
How can a start-up business benefit from writing a business plan?
by defining managers roles
by preparing for an expansion
by placing a value on the business
by assessing a new product or promotion
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Since Alana’s company will build a new facility next year, she should write a business plan to
prepare for an expansion
place a value on the business
assess a new product or promotion
obtain a specific contract or agreement
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