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FINALIZE EVALUATED BUSINESS PLAN - POST TEST

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

This part of the business plan presents a clear statement of values to culture, integrity and activities of the business.

a)

Marketing Plan

b)

Production Plan

c)

Operational Plan

d)

Statement of Vision, Mission and Values

2.

Which part of the business plan presents the data on how the products/service will be further developed.

a)

Financial Plan

b)

Marketing Plan

c)

Production Plan

d)

Operation and Technical Plan

3.

Which part of the business plan describes how the business has solved the problems?

a)

Statement of Vision

b)

Marketing Plan

c)

Problem need

d)

Production Technical Plan

4.

Detailed description of products or services is in what part of the business plan?

a)

Marketing Plan

b)

Production and Technical Plan

c)

Operation Plan

d)

Organization and Management Plan

5.

The description of the target market is found in the _________ part of the business plan.

a)

Marketing Plan

b)

Marketing Strategies

c)

Operating Strategies

d)

Production Plan

6.
A brief account of the key points contained in a business plan
a)
Executive Summary
b)
Company Description
c)
Mission Statement
d)
Vision Statement
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.

What term that is seen as a dream/outlook of a business?

a)

Vision

b)

Mission

c)

Values

d)

Dream

9.

What document that contains a written summary of the proposed venture, its operational and financial details of its managerial skills and abilities?

a)

Concept Paper

b)

Business Plan

c)

Project Proposal

d)

Feasibility Study

10.
Who will run the company as well as management’s philosophy
a)
Organizational Plan
b)
Operational Plan
c)
Executive Summary
d)
Company Description