
Business Planning and Finance Quiz

Quiz
•
Business
•
7th Grade
•
Easy
Chantal Williams
Used 2+ times
FREE Resource
38 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is strategic planning focused on?
Day-to-day operations
Long-term goals and objectives
Weekly targets
Employee satisfaction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of business planning?
To create confusion
To enhance flexibility
To make decisions without direction
To set goals and achieve them
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which element is crucial for effective business planning?
Procrastination
Reactive decision-making
Timely and accurate information
Lack of communication
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does SWOT analysis stand for?
Special Ways Of Tackling
Strengths, Weaknesses, Opportunities, Threats
Simple Ways Of Triumph
Strategies With Outstanding Tactics
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a benefit of business planning?
Improved decision-making
Increased flexibility
Reduced efficiency
Enhanced communication
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which phase of business development is planning most critical?
Maturity
Decline
Startup
Expansion
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a business plan serve as?
A decorative document
A legal requirement
A roadmap for the business
An optional tool
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