Review: Business Planning Test

Review: Business Planning Test

10th Grade

50 Qs

quiz-placeholder

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Review: Business Planning Test

Review: Business Planning Test

Assessment

Quiz

Business

10th Grade

Medium

Created by

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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