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Q 1/25
Score 0
Which of the following is the best description for the executive summary?
45
The executive summary may be omitted from the business plan.
The executive summary is the synthesis of the entire business plan.
The executive summary may be written last, but it is placed in the first part of the business plan.
The executive summary should detail the different parts of the business.
Q 2/25
Score 0
This section of the business plan helps you determine your monetary needs.
30
Production Plan
Financial Plan
Operations
Organizational Plan
25 questions
Q.
Which of the following is the best description for the executive summary?
1
45 sec
Q.
This section of the business plan helps you determine your monetary needs.
2
30 sec
Q.
This section of the business plan shows the structure of the people who will do the business.
3
30 sec
Q.
It is a study conducted before a decision to proceed and provide investigative function.
4
40 sec
Q.
Business Plan is prepared BEFORE a decision to proceed has been made.
5
30 sec
Q.
Which of the following doesn't define a business plan?
6
45 sec
Q.
A business plan can describe its goal clearly, contains concrete objectives, and include specific actions and activities then therefore it is _________.
7
45 sec
Q.
Which of the following is not a characteristic of a good business plan?
8
30 sec
Q.
A business plan is an essential roadmap for business success. It describes the direction the company is taking, what its goals are, where it wants to be, and how it is going to get there.
9
30 sec
Q.
Provide information about the company you are starting up, like what kind of problem your product or service would solve and who the most likely customer is.
10
45 sec
Q.
It is an assessment of the strengths and weaknesses of current and potential competitors
11
45 sec
Q.
It offers an overview of your brand, including your mission statement, and specifics of what you are offering.
12
45 sec
Q.
It is a quantitative and qualitative assessment of a market. It examines the market size, various market segments, customer buying patterns, the competition, and the economic environment
13
45 sec
Q.
It offers a comprehensive description of your promotional strategy, pricing plan, planned advertisement and promotion activities, and the advantages of your product or service.
14
45 sec
Q.
Ownership and Management plan details the legal framework and management resources of your company, including your internal management team, external management resources and human resources needs.
15
30 sec
Q.
Financial Plan provides a summary of the physical location of your company, the facilities and equipment, the types of workers required, the inventory specifications, the suppliers and any other relevant operational information, such as a summary of the manufacturing process.
16
45 sec
Q.
It offers information about how the company is going to operate.
17
45 sec
Q.
This part provides any additional details that will help to build the legitimacy of your business
18
45 sec
Q.
A type of business plan with 25-35 pages that works best for new ventures who are at a point that need funding for financing.
19
45 sec
Q.
Operational business plan consist of 40-100 pages
20
30 sec
Q.
ROI stands for ______________________
21
30 sec
Q.
A popular method of repayment is through dividend payments.
22
30 sec
Q.
Listed are the content of Funding Request except _______.
23
45 sec
Q.
It should define the organization line/lines of business, identify its products and services, and specify the markets it serves at present and near future.
24
60 sec
Q.
The question “where do you want your business to go?” in business planning is being
defined by what component of a business plan?
