WorksheetsThe Nature of Planning
Total questions: 12
Worksheet time: 6mins
The benefits of planning include ALL the following EXCEPT:
ensures that resources are properly combined
helps to define the culture of the business
uses available resources
allows for focus on desired goals
Which of the following best describes "planning".
Planning gives an overview of the business structure
Planning holds you accountable.
Planning defines a clear path get where you want to be.
Planning is difficult.
Informal planning is a form of planning that is mostly in the head of the entrepreneur and lacks continuity.
Not much is written down when formal planning takes place.
Formal planning
establishes direction for the entrepreneur
is easy
does not require much work
is interesting
A business plan is document specifying the business details prepared by an entrepreneur prior to opening a new business.
The main reasons you should write a business plan is to acquire financial backing.
Before you start a business you should ask yourself, who are the potential customers for my product/service and why will they pay me?
Measuring milestones is the initial planning of the resources that you may need for the business.
Formal planning refers to a planning in written whereas informal planning refers to an informal planning occurs on the spot.
According to the FCCLA process, "follow up" is the:
5th step in the process
4th step in the process
2nd step in the process
None of the above
According to the FCCLA process, "identify concern" involves:
getting a clear mental picture of what you want to accomplish
evaluating the project
evaluating listed concerns
carrying out project
