U2L4 Planning a Business
Quiz by Leverich, Stephani
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- Q1
Which element of the business plan describes the risk, size, location of a business?
Financial plan
Goals and objectives
Description of business
Marketing plan
30s - Q2
Strategic planning
Is short-term planning
Is a short, specific statement of the purpose and direction of the business
Determines how work will be done and who will do it
Provides broad goals and direction for the entire business
30s - Q3
Which element of the business plan describes the basic results expected of a business?
Financial plan
Marketing plan
Goals and objectives
Description of business
30s - Q4
Which element of the business plan describes the pricing strategies of a business?
Marketing plan
Financial plan
Description of business
Goals and objectives
30s - Q5
Operational planning
Is short-term planning
Provides direction for the entire business
rovides broad goals
30s - Q6
Which of the following is NOT part of the Organizational Plan?
Customers and their demand
Legal factors
Form of ownership
Physical facilities
30s - Q7
The S of SWOT Analysis stands for
Schedules
Strategies
Standards
Strengths
30s - Q8
The W of SWOT Analysis stands for
Wealth
Work
None of the responses
Weaknesses
30s - Q9
The O of SWOT Analysis stands for
Organization
Opportunities
Occupation
Operations
30s - Q10
The T of SWOT Analysis stands for
Timeline
Types
Time
Threats
30s - Q11
Effective goals should be
All of the Above
Achievable
Specific and meaningful
Clearly communicated
30s - Q12
Guidelines used in making decisions regarding specific, recurring situations.
Planning
Policies
Schedule
Standard
30s - Q13
A sequence of steps to be followed for performing a specific task.
Standard
Procedure
Schedule
Policies
30s - Q14
A specific measure against which something is judged.
Standard
Schedule
Policies
Planning
30s - Q15
The number of employees that any one manager supervises to effectively implement goals.
None of the responses
Chain of command
Unity of command
Span of control
30s