Question 1

Business plan software packages

Accepted Answer

A) focus mostly on preparing slides to present the business concept to prospective investors. 
B) spawn creativity and flexibility on the part of the entrepreneur. 
C) help an entrepreneur think through the important issues in starting a new company. 
D) offer a simple formula that leads startups to success. 
A) focus mostly on preparing slides to present the business concept to prospective investors. 
B) spawn creativity and flexibility on the part of the entrepreneur. 
C) help an entrepreneur think through the important issues in starting a new company. 
D) offer a simple formula that leads startups to success.

Question 2

Martin is creating the part of his business plan that includes the name,address,website,and logo of his company.Martin is working on:

Accepted Answer

A) the cover page. 
B) the table of contents. 
C) the executive summary. 
D) the company description. 
A) the cover page. 
B) the table of contents. 
C) the executive summary. 
D) the company description.

Question 3

The volume revenue model would require customers to pay

Accepted Answer

A) a fraction of the true value of the product. 
B) a fixed amount at regular intervals before receiving the product. 
C) a fixed price per unit for a product. 
D) a one time fee to use a product. 
A) a fraction of the true value of the product. 
B) a fixed amount at regular intervals before receiving the product. 
C) a fixed price per unit for a product. 
D) a one time fee to use a product.

Question 4

An extensive business plan that is not followed is more valuable than no business plan at all.

Accepted Answer

A) True 
 B)False

Question 5

The primary outside users of business plans are

Accepted Answer

A) employees. 
B) investors and lenders. 
C) customers. 
D) government agencies. 
A) employees. 
B) investors and lenders. 
C) customers. 
D) government agencies.

Question 6

Jamie has decided to start a franchise.Typically,the business type would require a ______ revenue model.

Accepted Answer

A) volume 
B) subscription 
C) advertising 
D) licensing 
A) volume 
B) subscription 
C) advertising 
D) licensing

Question 7

The executive summary part of a business plan should be written

Accepted Answer

A) first. 
B) last. 
C) before the finance plan. 
D) before the legal plan. 
A) first. 
B) last. 
C) before the finance plan. 
D) before the legal plan.

Question 8

Deviating significantly from the standard business plan format is a mistake because:

Accepted Answer

A) the business plan is not the right place to express one's creativity. 
B) investors prefer to see a format that is familiar to them. 
C) investors may lose confidence in the entrepreneur's ability to follow best practices. 
D) investors don't appreciate opportunities that are too far "outside the box". 
A) the business plan is not the right place to express one's creativity. 
B) investors prefer to see a format that is familiar to them. 
C) investors may lose confidence in the entrepreneur's ability to follow best practices. 
D) investors don't appreciate opportunities that are too far "outside the box".

Question 9

Janice is opening a golf shop and is trying to identify how the company would gain revenue.What type of revenue stream could Janice's Golf Shop have?

Accepted Answer

A golf shop could have a single volume o

Question 10

A business model's key resource requirements​ include only hard assets,such as equipment and buildings,not personnel and contacts.

Accepted Answer

A) True 
 B)False

Question 11

In a business plan,the discussion of the management team should detail

Accepted Answer

A) the proposed venture's organizational structure. 
B) profiles of employee needs during the first three years of operation. 
C) the projected growth of the proposed venture. 
D) the intended distribution of ownership in the firm. 
A) the proposed venture's organizational structure. 
B) profiles of employee needs during the first three years of operation. 
C) the projected growth of the proposed venture. 
D) the intended distribution of ownership in the firm.

Question 12

A business plan

Accepted Answer

A) is best for telling insiders about the company. 
B) is more important than the final outcome. 
C) is not the business. 
D) will ensure success. 
A) is best for telling insiders about the company. 
B) is more important than the final outcome. 
C) is not the business. 
D) will ensure success.

Business plan software packages

Martin is creating the part of his business plan that includes the name,address,website,and logo of his company.Martin is working on:

The volume revenue model would require customers to pay

An extensive business plan that is not followed is more valuable than no business plan at all.

The primary outside users of business plans are

Jamie has decided to start a franchise.Typically,the business type would require a ______ revenue model.

The executive summary part of a business plan should be written

Deviating significantly from the standard business plan format is a mistake because:

Janice is opening a golf shop and is trying to identify how the company would gain revenue.What type of revenue stream could Janice's Golf Shop have?

A business model's key resource requirements include only hard assets,such as equipment and buildings,not personnel and contacts.

In a business plan,the discussion of the management team should detail

A business plan

The Entrepreneurial Lifethe Entrepreneurial Life

Integrity, ethics, and Social Entrepreneurship

Starting a Small Business

Franchises and Buyouts

The Family Business

The Marketing Plan

The Organizational Plan: Teams, legal Structures, alliances, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product Development and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Professional Management and the Small Business

Managing Human Resources

Managing Small Business Operations

Managing the Firms Assets

Managing Risk

Filters

Exam 6: The Business Plan: Visualizing the Dream

Business plan software packages

Martin is creating the part of his business plan that includes the name,address,website,and logo of his company.Martin is working on:

The volume revenue model would require customers to pay

An extensive business plan that is not followed is more valuable than no business plan at all.

The primary outside users of business plans are

Jamie has decided to start a franchise.Typically,the business type would require a ______ revenue model.

The executive summary part of a business plan should be written

Deviating significantly from the standard business plan format is a mistake because:

Janice is opening a golf shop and is trying to identify how the company would gain revenue.What type of revenue stream could Janice's Golf Shop have?

A business model's key resource requirements​ include only hard assets,such as equipment and buildings,not personnel and contacts.

In a business plan,the discussion of the management team should detail

A business plan

The Entrepreneurial Lifethe Entrepreneurial Life

Integrity, ethics, and Social Entrepreneurship

Starting a Small Business

Franchises and Buyouts

The Family Business

The Marketing Plan

The Organizational Plan: Teams, legal Structures, alliances, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product Development and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Professional Management and the Small Business

Managing Human Resources

Managing Small Business Operations

Managing the Firms Assets

Managing Risk

Filters

A business model's key resource requirements include only hard assets,such as equipment and buildings,not personnel and contacts.