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Business Plans, Vision/Mission Statement and Org Structures

Total questions: 25

Worksheet time: 50mins

Name
Class
Date
1.

It is a document containing “a written summary of proposed venture, its operational and financial details and its manager’s skills and abilities”.

(a)  

2.

It is designed to relate to all major players of the business - investors, (a)   , and employee.

3.

The business plan communicates to people, permits constant change, and is a call to (a)   .

4.

It should be eye-catching, short and concise, easy to remember, and relatable

(a)  

5.

The company (a)   is the GOAL or OUTCOME that you want to attain.

6.

A power tool in arousing entrepreneurial (a)   to those will read it.

7.

It serves as guide for the entrepreneur to constantly re-check his ideas and concepts relevant to changing business or ______ ____________.

(a)  

8.

One purpose of the business plan is to serve as a ______ _____________ with which funds are raised.

(a)  

9.

The (a)   controllable factors gives form and substance to the business plan

10.

It is A temporary organizational structure created for a specific project or over a limited period of time.

(a)  

11.

Second step in considering a business plan is to conduct a ____  ________  to determine if there is a good fit between the type of business opportunity.

(a)  

12.

In the (a)   proposal, it should specify who is asking, how much is required, the purpose for the funds and how the funds will benefit the business.

13.

One example of an EXTERNAL uncontrollable factors that influences business plan is legal (a)   .

14.

This asserts HOW a company will reach its destination. What do the company do? What makes the company different?

(a)  

15.

It is customary to small companies and simplest form of organization

(a)  

16.

One strategic factor to be considered is the availability of __________ ________, e.g. water, electricity, telecommunications and transportations.

(a)  

17.

It has segregated two (2) types of staffs that are in general has advisory function.

(a)  

18.

This sums-up WHERE the owners see the business is going. Where do the company aim to be?

(a)  

19.

One role of the business plan is that the entrepreneur will see what is around him so he can better move beyond (a)   .

20.

It is a combination of Project and Functional structure and is formed to address problems that comes with project and functional structures.

(a)  

21.

First step in considering a business plan is the identification of the _______ _____________.

(a)  

22.

One purpose of the business plan is to attract potential (a)   .

23.

A good business plan which is done in good presentation will attract (a)   people to be a part of the business endeavor.

24.

Business plans are done differently and are (a)   .

It should be NOT done in exact way as the another.

25.

All businesses should have license and properly (a)   .

DTI, SEC and BIR are some of the government institutions.