Business Planning and Finance Quiz

Business Planning and Finance Quiz

7th Grade

38 Qs

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Business Planning and Finance Quiz

Business Planning and Finance Quiz

Assessment

Quiz

Business

7th Grade

Easy

Created by

Chantal Williams

Used 2+ times

FREE Resource

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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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