WorksheetsBusiness Plan quiz- Graded
Total questions: 20
Worksheet time: 12mins
The balance sheet identity can be stated as: Total assets = Total liabilities + Total stockholders' equity.
False
True
Cash flows from operations are the net cash flows that support a firm's principal business activities.
True
False
This is the decription of financial analysis, unless ___
•Examination company financial statements
Story about the owner's sucess
How well is company doing?
The Market is:
A place where people can sell their own products without a license. (Market stalls)
The area which a business has delved into in terms of the product/service they are selling or providing.
The customer which a product will be targeting.
What is a business plan?
A gallery of photos that explains the location and construction of the business
A written plan that is a description of all the aspects of the business and includes the business's goals
A collection of plans that are combined from different business and then analyzed and compared to your business
none of the above are correct; a business plan is simply a list of guidelines that tell successful business's how to run their company in order to make a profit
Refers to what you are selling, including all of the features, advantages and benefits that your customers can get.
Price
Packaging
Promotion
Product
Refers to the staff and salespeople who work for your business, including yourself.
Positioning
Promotion
Place
People
It details how the proposed business will sell its product to the target consumer.
Marketing Plan
Financial Plan
Organizational Plan
Introduction
Which of the following would be interested in seeing the business plan of a new company?
Customers
Potential investors
The owners of the company
Banks/ potential lenders
Local council
A business plan would normally be updated:
Every day
A month after the business starts
Once a business adjusts its aims/objectives
Every so often
Never - It stays the same in its original form
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.
To help reduce the risk of business failure.
All of the above.
Which of the following statements about business plans is TRUE?
Business plans eliminate risk to lenders
Business plans reduce risk to lenders
Business plans increase risk to lenders
Business plans have no impact on risk to lenders
Which of these pieces of information would NOT be in a business plan put together by a new business?
Target market
Market research
Profit
Estimated cashflow
A ____________________________ describes the nature of your business and list the marketplace needs that you are trying to satisfy.
Market Analysis
Financial Reports
Appendix
Company Description
Every business is structured ___________________.
To make money
As a Sole Proprietorship
Differently
The same
