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Business Key Terms Quiz

Authored by Steve Wills

Business

9th Grade

Used 1+ times

Business Key Terms Quiz
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term: Company description.

A brief overview of the company including the business name, a summary of the business, and location of the business.

A detailed financial report of the company.

A list of all employees and their roles.

A comprehensive marketing strategy plan.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term: Financial plan.

Component of a business plan that contains strategies for how a business will obtain start-up capital, identify resources needed, and assess the costs and benefits of resources.

A document outlining the marketing strategies of a business.

A section detailing the organizational structure of a company.

A summary of the company's mission and vision statements.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term: Management plan.

Component of a business plan that refers to how a company will be organized.

A financial statement outlining the company's revenue and expenses.

A marketing strategy to promote the company's products.

A list of the company's competitors and their market share.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term: Marketing plan.

Component of a business plan that contains a strategy for how a business will generate revenue.

A document outlining the financial goals of a business.

A plan for the organizational structure of a company.

A strategy for managing human resources in a business.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term: Mission statement.

A formal explanation of a company’s goals.

A detailed financial report of a company.

A list of products offered by a company.

A company's employee handbook.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term: Pro forma financial statement.

A projection of what an entrepreneur expects out of the sales and expenses of a business.

A historical record of a company's financial performance.

A legal document required for tax purposes.

A detailed analysis of market trends.

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