Font size
WorksheetsBusiness Management Chapter 4
Total questions: 12
Worksheet time: 3mins
What is a business plan?
An oral description of what you want the business to be.
A written description of the nature of the business, its goals and objectives, and how they will be achieved.
A written explanation of how the business failed to meet its goals and objectives, and what the owner will do next.
A written document that executives put together in order to justify their job.
What does SWOT stand for? (Select all that apply)
Strengths, Weaknesses, Opportunities, Threats
Specific, Winding, Obtuse, Tangential
Situation, Weakness, Opportunistic, Threatening
Stolen, Won, Obstacles, Teams
The five steps in strategic planning are: External analysis, __________ analysis, Mission, Goals, ___________.
Internal; Strategies
Other; Plans
International; Sequences
Internal; Strategery
The two levels of planning are Strategic and (a) .
A Vision Statement is?
Short term
Long term
Informal plan
Step by step plan
A planning tool that helps a business to not over spend.
Schedule
Budget
Policy
Procedure
A business plan is used to
To think through your business ideas
To find investors in your business
To develop a marketing strategy
To do market research
Which planning tool helps a business to define the behaviors of employees?
Budget
Schedule
Procedure
Standards
Strategic planning is meant for _________ goals
Long-term
Short-term
Immediate
part-time
An objective is a ___________ goal
Short-term
Strategic
Long-term
Distant
A mission statement is used to express a companies
policies & procedures
aims & values
budget & finances
hiring & training
Operational planning is for ____________ goals.
Long-term
Short-term
Future
Distant
