Planning Quiz

Planning defines:

• purpose

• motivates

• inspiration

• all of the above

Goal is defined as:

• steps to follow

• suggestions from employees

• information given

• the desired outcome

Which of the following is NOT a specific objective?

• increase production

• reduce cost

• use a time frame

• successfully market product or service

A financial plan:

• concentrates on selling of goods

• receipts and payments

• day-to-day making of product

• None of the above

A marketing plan:

• concentrates on selling of goods

• receipts and payments

• day-to-day making of product

• None of the above

A production plan:

• concentrates on selling of goods

• receipts and payments

• day-to-day making of product

• None of the above

There is ___ correct format for a business plan.

• 2

• 1

• 5

• no

A business plan can be used to help set your goal.

• True

• False

How many types of business plans are there?

• 2

• 6

• 4

• 3

A business plan is a written proposal for potential investors.

• True

• False