Review: Business Planning Test
Quiz
•
Business
•
10th Grade
•
Medium
Molly Frank
Used 6+ times
FREE Resource
50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to have a business plan?
To clearly identify in writing all aspects of your business
To increase the risk
To avoid showing to potential investors
To reduce the clarity of business aspects
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the purposes of a business plan?
To show to potential investors
To hide from potential investors
To increase business risks
To avoid writing business aspects
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT generally a component of a Business Plan?
Executive Summary
Business Description
Marketing Plan
Product Inventory
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What component of a Business Plan outlines the company's goals and how they will be achieved?
Executive Summary
Goals and Objectives
Financial Plan
Organizational Plan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which component of a Business Plan provides a high-level overview of the business?
Business Description
Marketing Plan
Executive Summary
Financial Plan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Business Plan, which component details the structure and management of the business?
Organizational Plan
Financial Plan
Marketing Plan
Business Description
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a Mission Statement in an Executive Summary?
To provide a detailed financial analysis
To clearly define what the business is about
To list the company's products
To describe the company's marketing strategy
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