
Unit 5 Test Review
Authored by Sydney Smith
Business
9th - 12th Grade
Used 4+ times

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14 questions
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1.
DRAG AND DROP QUESTION
30 sec • 1 pt
Fill in the blank: A brief explanation of why the writer of a business plan is asking for a loan and what she or he plans to do with the money is called a (a) .
Business Plan
Cover Letter
Executive Summary
Statement of Purpose
2.
DRAG AND DROP QUESTION
30 sec • 1 pt
A written document that describes all the steps necessary for opening and operating a successful business is known as a (a) .
Business Plan
Cover Letter
Executive Summary
Lean Startup
3.
DROPDOWN QUESTION
30 sec • 1 pt
Fill in the blank: A short restatement of the report portion of a business plan is called an (a) .
Business Plan
Executive Summary
Cover Letter
Lean Startup
4.
DROPDOWN QUESTION
30 sec • 1 pt
A letter that introduces and explains an accompanying document or set of documents is known as a (a) .
Business Plan
Cover Letter
Executive Summary
Statement of Purpose
5.
DROPDOWN QUESTION
30 sec • 1 pt
Fill in the blank: A (a) uses a standard structure but focuses on summarizing the key points and elements of the business.
Business Plan
Cover Letter
Lean Startup
Statement of Purpose
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business plan helps your business because:
It provides a roadmap for success.
It guarantees financial success.
It eliminates all risks.
It ensures immediate growth.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not one of the 7 Basic Elements of a Business Plan?
Executive Summary
Business Description
Product and Services
Company History
Market Analysis & Marketing Plan
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