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WorksheetsS3 Business revision
Total questions: 25
Worksheet time: 13mins
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business
All of the above
A business plan can predict exactly what will happen in the future.
True
False
A business plan should include information about marketing, finance and human resources.
True
False
Writing a business plan helps an entrepreneur to think carefully about different parts of the business.
True
False
Business plans may need to change if the costs of running the business have changed.
True
False
A business plan is a __________ that includes a lot of ____________
about the ___________ plans of a business.
document, details, future
details, future, document
future, document, details
A business plan should include information about marketing, finance and human resources.
True
False
A business plan can predict exactly what will happen in the future.
True
False
Writing a business plan helps an entrepreneur to think carefully about different parts of the business.
True
False
Administration
Which of the following functional areas of a business is most likely to be responsible for recruiting new staff?
Business support services
Finance
Human resources
Operations management
Which of the following functional areas of a business is most likely to be responsible for producing a radio advertisement to raise awareness of its new product?
Customer service
Marketing
Operations
Sales
Which functional area would pay wages?
Manufacturing
Operations
Finance
Sales
Which functional area would Hire new staff?
Sales
Human Resources
Marketing
Production
Which functional area would create budgets?
Finance
Human Resources
Marketing
Production
Which of these are carried out by Finance/Accounting? (tick all that apply)
Monitoring budgets
Paying invoices
Billing customers and chasing debt
Creating company accounts
Interdependence is when the departments of a business...
Work together for the business to achieve its aims and objectives
Talk to each other once or twice a year
Don't communicate at all and operate independently
