Business Structure and Plan Practice

Quiz
•
Business
•
9th - 12th Grade
•
Hard
Rosemarie Rellona Womack
Used 5+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the different types of business structures?
sole proprietorship, partnership, corporation, and limited liability company (LLC)
general partnership, limited partnership, joint venture, and cooperative
franchise, cooperative, non-profit organization, and joint venture
public limited company, private limited company, unlimited company, and holding company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the key components of a business plan?
Social media strategy, customer testimonials, and employee training
Employee benefits, office location, and company culture
Product pricing, employee salaries, and office equipment
Executive summary, company description, market analysis, organization and management, product or service line, marketing and sales, funding request, financial projections, and appendix.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the legal requirements for starting a business?
The legal requirements for starting a business are the same in every country.
There are no legal requirements for starting a business.
The legal requirements for starting a business vary depending on the country and type of business.
Only certain types of businesses have legal requirements.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is market analysis and why is it important in business planning?
Market analysis is the examination of consumer behavior and purchasing habits. It is important in business planning to increase sales and revenue.
Market analysis is the evaluation of market conditions, trends, and customer preferences to determine the feasibility and potential success of a product or service. It is important in business planning to understand the target market, identify competitors, assess demand and pricing, and make informed decisions.
Market analysis is the study of marketing strategies and advertising techniques. It is important in business planning to create effective marketing campaigns.
Market analysis is the process of analyzing the stock market and predicting future trends. It is important in business planning to make profitable investments.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are financial projections and why are they important in a business plan?
Financial projections are estimates of future financial outcomes based on historical data and assumptions. They are important in a business plan because they help demonstrate the financial viability and potential profitability of a business.
Financial projections are only important for investors and not relevant for the overall business plan.
Financial projections are guesses about future financial outcomes and are not important in a business plan.
Financial projections are only important for large businesses and not necessary for small businesses.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business structure provides limited liability to its owners?
Limited Partnership
Limited Liability Company (LLC)
General Partnership
Sole Proprietorship
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the main sections of a business plan?
Introduction, business strategy, customer analysis, operations, financial plan, conclusion
Company overview, product development, sales and marketing, financial analysis, conclusion
Executive summary, company description, market analysis, organization and management, product or service line, marketing and sales, funding request, financial projections, and appendix.
Mission statement, competitive analysis, human resources, sales forecast, conclusion
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