Study Guide: Business Plan

Study Guide: Business Plan

12th Grade

28 Qs

quiz-placeholder

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Study Guide: Business Plan

Study Guide: Business Plan

Assessment

Quiz

Other

12th Grade

Practice Problem

Easy

Created by

Connor Hogan

Used 5+ times

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28 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan describes:

the financial projections of a business.

the marketing strategies of a business.

the overall strategy and objectives of a business.

the legal structure of a business.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who will run your business according to a business plan?

The CEO

The Manager

The Owner

The Board of Directors

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business plan helps in securing financing by:

Providing a detailed roadmap of the business's future plans and financial projections.

Offering a brief overview of the business's products and services.

Highlighting the personal achievements of the business owner.

Focusing solely on the marketing strategies.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a purpose of a business plan?

To describe the background of the business

To provide detailed financial information

To serve as a tool for managing your business

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is more likely to interest a bank or investor in your business plan?

A detailed financial projection

A vague business idea

An unproven market

A personal story

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The 7 basic elements of a business plan are:

Executive Summary, Company Description, Market Analysis, Organization and Management, Service or Product Line, Marketing and Sales, Funding Request

Executive Summary, Company Description, Market Analysis, Organization and Management, Service or Product Line, Marketing and Sales, Financial Projections

Executive Summary, Company Description, Market Analysis, Organization and Management, Service or Product Line, Marketing and Sales, Appendix

Executive Summary, Company Description, Market Analysis, Organization and Management, Service or Product Line, Marketing and Sales, SWOT Analysis

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should be included in the 'History and Background' section of a business plan?

Company's founding date and key milestones

Detailed financial projections

List of current employees

Marketing strategies

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