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Business Planning Quiz

Authored by Enha Bae

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2nd Grade

Business Planning Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a big part of most management control systems?

Employee motivation

Strategic planning

Financial analysis

Product development

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does profit planning compel in a company?

Budgeting process

Implementation of plans

Employee motivation

Coordination among subunits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of strategy in an organization?

Match capabilities with opportunities

Increase profitability

Improve employee morale

Reduce costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first stage of the planning process?

Budgeting

Forecasting

Tactical planning

Strategic planning

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three categories of influences that can impact a company?

External, Internal, Management

Short-term, Mid-term, Long-term

Local, Regional, Global

Financial, Operational, Marketing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is planning particularly important for entrepreneurial businesses?

Identify and allocate scarce resources

Improve customer service

Reduce competition

Increase market share

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key element of a good business plan?

Office location

Employee salaries

List of competitors

Forecast of financial results

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