Entrepreneurship Chapter 4 Prep

Entrepreneurship Chapter 4 Prep

11th Grade

21 Qs

quiz-placeholder

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Entrepreneurship Chapter 4 Prep

Entrepreneurship Chapter 4 Prep

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Kaiser Grap

Used 1+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A letter that introduces and explains an accompanying documents or set of documents

executive summary

pro forma financial statement

business plan

cover letter

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial statement based on projected revenues and expenses

Executive summary

pro forma financial statement

business plan

cover letter

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A short restatement of a report

executive summary

pro forma financial statement

business plan

cover letter

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written document that describes all the steps necessary for opening and operating a successful business

Executive summary

pro forma financial statement

business plan

cover letter

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan is NOT intended for

your competition

potential investors

your bank

any of theses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purposes of a business plan include which of the following?

It explains your idea for a product or service

it sets specific objectives and describes how they will be achieved

it describes the backgrounds and experience of the people who will run the business

all of these

7.

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

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