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WorksheetsBusiness Plan & Entreprenuer
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Which section of a business plan is generally first but written last?
a)
Executive summary
b)
Business description and vision
c)
Organization and management
d)
Description of market
2.
What's the biggest mistake you can make when preparing a business plan?
a)
Failing to include at least one appendix
b)
Not telling a compelling story
c)
Misrepresenting facts
d)
Failing to have a clear vision of the business
3.
Which of the following information is never included in the financial management section of a business plan?
a)
An income statement
b)
A cash flow statement
c)
A personal financial statement
d)
None of the answers are correct
4.
What's a typical time frame that a business plan addresses?
a)
Three to five years
b)
One year
c)
The anticipated life of the business
d)
At least ten years
5.
What do you call a written document that outlines a business's objectives and the strategy and tactics that it will use to achieve those objectives over anywhere from a three to five year period of time.
a)
A business plan
b)
A medium term plan
c)
A strategic plan
d)
An SBA certified business plan
6.
Why is being an entrepreneur risky?
a)
Because there are no more creative enterprises to create a business out of.
b)
Because entrepreneurs always fail.
c)
Because you often risk your own personal wealth.
d)
Because people don't trust entrepreneurs.
7.
If you possess excellent organizational skills, but are risk-averse and don't like taking initiative, would being an entrepreneur be a good profession for you?
a)
Yes, entrepreneurs should be risk-averse.
b)
No, entrepreneurs should rely on others to organize the business.
c)
No, entrepreneurs must be risk-takers who take initiative and have excellent organizational skills.
d)
Yes, all you need is good organizational skills.
8.
Bill Gates is probably all of the following EXCEPT:
a)
independent.
b)
a risk-taker.
c)
an effective communicator.
d)
someone who relies on the opinions of others.
9.
Why is creating an entrepreneurial team a good idea?
a)
Because it increases your investments.
b)
Because entrepreneurs prefer to work with people.
c)
Because it ensures your business will be a success.
d)
Because you spread out the risk and use each other's skills.
10.
Which one of the following is NOT a type of problem that an entrepreneur must often solve?
a)
Product design
b)
Management
c)
Financing
d)
None of the answers are correct
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