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Business Plan - MCQ

Total questions: 16

Worksheet time: 8mins

Name
Class
Date
1.

Stright forward cost/ Direct cost

a)

labour

b)

rent

c)

service charge

d)

Office perks

2.

Cost that can be identified and can be quantified.

a)

Intangible cost

b)

Tangible cost

c)

Indirect cost

d)

Direct cost

3.

Raising capital through the sale of shares.

a)

Debt Financing

b)

Equity Financing

c)

Mazzanine Capital

d)

Funding from familly and friends

4.

Investment in this is also called a capital investment.

a)

Land

b)

Equipment

c)

Building

d)

All of the above

5.

................... are the inputs used in the production process to create finished products.

a)

Raw materials

b)

Money

c)

Building

d)

Inventory

6.

............................ is a systematic approach to using and reusing materials more productively over their entire life cycles. 

a)

Sustainable materials management

b)

Master planning

c)

Evolutionary proces

d)

Fact-based arguments

7.

......................... are those materials with good performance or good functions that can be used in harmony with the environment.

a)

Ecomaterials

b)

Raw materials

c)

Substitute material

d)

Re-using material

8.

What should be your first step in starting a business?

a)

Incorporation

b)

Tax filing

c)

shareholder agreement

d)

SHE

9.

Which demand forecast technique is based on statistical and mathematical concepts?

a)

Quantitative methods

b)

Opinion sampling

c)

Naïve techniques

d)

Qualitative methods

10.

Difference between revenue and cost.

a)

Money

b)

Cost

c)

Profit

d)

Revenue

11.

The producer receives payments from the sale of goods. Such sale proceeds are referred to as ..........................

a)

Money

b)

Cost

c)

Profit

d)

Revenue

12.

What is a business plan?

a)

Written document that only outlines the business practices of the new business.

b)

Written document that describes the financial aspects of the business.

c)

Written document that only describes the ownership of the business.

d)

Written document that describes all the steps necessary for opening and operating a successful business.

13.

Complete the sentence: A business plan...

a)

is useful once your business is operational but not much help during the startup phase

b)

is not usually needed once the business is up and running

c)

can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.

14.
How a company will make customers aware of its products/services
a)
Marketing Plan
b)
Industry Overview
c)
Product and Service Plan
d)
Growth Plan
15.
A plan presenting financial forecasts for the business
a)
Loan Proposal
b)
Financial Plan
c)
Business Loan Plan
d)
Investor Plan
16.
Looks at likely risks to the business
a)
Contingency Plan
b)
Management Team Plan
c)
Marketing Plan
d)
Industry Overview