NEW
Font size
WorksheetsBUS X100 “Launching A Business” Packet Quiz
Total questions: 15
Worksheet time: 8mins
According to the packet suggestions, launching a new service is better than trying to launch a product.
TRUE
FALSE
According to the packet, Maxine Clark was the entrepreneur who founded what?
Dell Computer
Build-A-Bear
Starbucks
Gigi’s Cupcakes
According to the packet, Gordon Bowker and some of his friends help found what?
Dell Computer
Build-A-Bear
Starbucks
Gigi’s Cupcakes
Entrepreneurs are individuals who...
assume business risk
see business opportunities others can’t
form, own and operate businesses
all of these answers are correct
According to the packet, over _____ people each year become entrepreneurs.
1 billion
1 million
2 billion
2 million
According to the packet, many new businesses fail during the first _____ to _____ years of operation.
1, 3
2, 4
3, 5
4, 6
A business plan contains how many sections?
4
5
6
7
Which section of a business plan serves as the introduction to the business plan that provides a concise overview of the proposed business?
Opportunity Analysis
Organizational Plan
Executive Summary
Marketing Plan
Which section of the business plan outlines the products or services that the firm will offer?
Executive Summary
Marketing Plan
Organization Plan
Opportunity Analysis
Which section of the business plan provides a review of industry and competitor factors that will impact success?
Executive Summary
Opportunity Analysis
Organization Plan
Marketing Plan
Which section of the business plan describes how a firm will be structured and staffed, located and the details of the office or retail space it will occupy?
Executive Summary
Opportunity Analysis
Marketing Plan
Organization Plan
Which section of the business plan outlines projected sales revenue, expenses and profit or loss and details what the firm will own and owe at the end of each year of operation?
Financial Plan
Executive Summary
Organization Plan
Opportunity Analysis
Brainstorming involves recording ideas for new businesses without evaluating the feasibility of the ideas.
TRUE
FALSE
A written statement that describes the idea for a new venture is referred to as a business concept statement.
TRUE
FALSE
Which personnel are responsible for managing the day-to-day activities of a business?
Operations personnel
Finance personnel
Marketing personnel
None of these
