Business Plan Development Quiz

Which of the following refers to a formal written document that consists of business goals, steps to attain them, and a time frame to achieve them?

• Business Opportunity

• Business Plan

• Feasibility Study

• Market Plan

How many parts does a business plan have?

• 3

• 4

• 5

• 6

Which part of the business plan contains the mission and vision statements of the business?

• Executive Summary

• Financial Plan

• Management and Organization

• Product/Service Plan

Which part of the business plan contains the start-up cost requirements?

• Executive Summary

• Financial Plan

• Market Plan

• Management and Organization

Which part of the business plan includes the demand and supply analysis of competitors?

• Executive Summary

• Market Plan

• Management and Organization

• Product/Service Plan

Which part of the business plan includes the proposed business and business model?

• Executive Summary

• Market Plan

• Management and Organization

• Product/Service Plan

A sole proprietorship business must be registered under which agency?

• Department of Foreign Affairs

• Department of Trade and Industry

• Security and Exchange Commission

• Cooperative Development Authority

What does BIR stand for?

• Bureau of Intensive Room

• Bureau of Internist Regulation

• Bureau of Internal Revenue

• Bureau of Instruction Resources

What does DTI stand for?

• Department of Trade and Industry

• Department of Tuna Industry

• Department of Trade Incorporation

• Department of Tourism International

Why do we need to plan our business?

• To attract possible clients/customers

• To guide you in your business throughout the process

• To encourage possible investors

• All of the above