FP II Unit 3 3.03 Test

In a business plan, where will Robert put the cost estimates and the effect of each on his company?

• Financial Plan

• Management Plan

• Company Description

• Strategy and Implementation

In what way can an existing business benefit from writing a business plan?

• begin operations

• identify managers’ roles

• acquire funding for a new idea

• determine how to distribute profits

The number one reason for writing a business plan is:

• An urgent request

• The need for funding

• An approaching deadline

• The desire for recognition

Since Justin needs to examine the methods used to reach his company’s goals, he wants to write a business plan to:

• acquire funding

• prepare for an expansion

• implement a strategic plan

• place a value on the business

Erin and Evan, as part of preparations to sell their consignment shop, should write a business plan to:

• prepare for an expansion

• place a value on the company

• assess a new product or promotion

• obtain a specific contract or agreement

How can a start-up business benefit from writing a business plan?

• by defining managers roles

• by preparing for an expansion

• by placing a value on the business

• by assessing a new product or promotion

Since Alana’s company will build a new facility next year, she should write a business plan to

• prepare for an expansion

• place a value on the business

• assess a new product or promotion

• obtain a specific contract or agreement

Fred wants his company to become the main supplier for a prominent local business. He should write a business plan to:

• acquire funding

• place a value on the business

• assess a new product or promotion

• obtain a specific contract or agreement

Which part of a business plan lists all the document’s sections with their page numbers?

• appendices

• financial plan

• table of contents

• products offered

Which part of a business plan lists all the document’s sections with their page numbers?

• business plan

• financial resource

• product promotion

• executive summary