ENT Chapter 3 Test Prep Questions

ENT Chapter 3 Test Prep Questions

9th Grade

15 Qs

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ENT Chapter 3 Test Prep Questions

ENT Chapter 3 Test Prep Questions

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Created by

Steve Wills

Used 2+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a formal explanation of a company’s goals called?

Mission statement

Pro forma financial statement

Company description

Business plan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a characteristic of a business plan?

Presentation outline

Cover page

Operating plan

Owner’s credentials

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of plan refers to how a company will be organized?

Financial

Theoretical

Marketing

Management

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Additional information that may be needed about the business venture is often included in what section of a business plan?

Executive summary

Appendix

Operating plan

Mission statement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What part of the business model canvas divides potential customers into categories based on shared attributes and behavior?

Value proposition

Key activities

Customer segment

Channels

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term from this chapter: Financial plan.

A strategy for how a business will obtain start-up capital, identify sources of financing, and assess the costs and benefits of resources.

A method for tracking daily expenses and income.

A plan for marketing and sales strategies.

A guideline for employee management and training.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the following key term from this chapter: Marketing plan.

A strategy for how a business will generate revenue.

A detailed plan for employee training.

A method for reducing production costs.

A guide for customer service protocols.

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