Business Plan Elements Quiz

What is the first section of a business plan?

• Executive Summary

• Financial

• Management

• Operations

Which of the following is NOT a part of the financial section?

• Profit and Loss Statement

• Cash Flow Statement

• Market Analysis

• Breakeven Analysis

What does a cash flow statement show?

• Total revenue and costs

• Assets and liabilities

• How cash entered and exited a company

• Market trends

What is the purpose of a breakeven analysis?

• To summarize revenues

• To determine when a business will become profitable

• To analyze market competition

• To evaluate management performance

Which section identifies key personnel and their responsibilities?

• Operations

• Management

• Marketing

• Financial

What should be included in the appendix of a business plan?

• Market analysis

• Financial forecasts

• Additional documentation

• Executive Summary

What is a profit and loss statement also known as?

• Balance Sheet

• Income Statement

• Financial Position

• Cash Flow Statement

What does the statement of financial position summarize?

• Revenue and expenses

• Operational procedures

• Market trends

• Assets, liabilities, and equity

What is a critical risk in a business plan?

• Operational procedures

• Personnel needs

• Potential problems

• Market analysis

What should be discussed regarding personnel needs?

• Market trends

• Specific needs for plant and storage

• Financial forecasts

• Legal structure