Business Plan

Business Plan

12th Grade

25 Qs

quiz-placeholder

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Business Plan

Business Plan

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a business plan?

Written document that only outlines the business practices of the new business.

Written document that describes the financial aspects of the business.

Written document that only describes the ownership of the business.

Written document that describes all the steps necessary for opening and operating a successful business.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why do you need a business plan?

To explain your idea

the ability to get financing.

it's a road map that sets objectives and goals for the business.

To help reduce the risk of business failure.

All of the above.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A(n) _________ is someone who sets up a new business to make a profit.

monopoly

corporation

entrepreneur

anarchist

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of a business plan in social studies?

To outline the historical development of businesses

To describe the cultural impact of businesses

To provide a roadmap for business success

To analyze the economic theories related to business

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which section of a business plan is crucial for understanding the target market?

Executive Summary

Market Analysis

Financial Plan

Appendix

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In social studies, how does a business plan contribute to understanding economic systems?

By detailing the business's marketing strategies

By explaining the business's role in the economy

By listing the business's competitors

By describing the business's organizational structure

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a common characteristic of a successful business plan?

It is lengthy and complex

It is clear and concise

It is vague and open-ended

It is focused solely on profits

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