Question 1

The purpose of the pitch is to close the deal with the investors.

Accepted Answer

A) True 
 B)False

Question 2

Investors are only interested in reading a comprehensive business plan before deciding about the investment.

Accepted Answer

A) True 
 B)False

Question 3

A business plan can be thought of as a

Accepted Answer

A)  crystal ball picture. 
B)  money plan. 
C)  contingency plan. 
D)  game plan. 
A)  crystal ball picture. 
B)  money plan. 
C)  contingency plan. 
D)  game plan.

Question 4

Items such as marketing research studies and the résumés of key executives are placed in the _____ of the business plan.

Accepted Answer

A)  appendix 
B)  executive summary 
C)  table of contents 
D)  management team section 
A)  appendix 
B)  executive summary 
C)  table of contents 
D)  management team section

Question 5

The marketing plan should include which of the following topics?

Accepted Answer

A)  Pricing strategies 
B)  The degree of patent or copyright protection 
C)  The spending habits of potential customers 
D)  Competitors' existing distribution channels 
A)  Pricing strategies 
B)  The degree of patent or copyright protection 
C)  The spending habits of potential customers 
D)  Competitors' existing distribution channels

Question 6

Match the term with its definition.
-A section of the business plan that conveys a clear and concise overall picture of the proposed venture and creates interest in the venture

Accepted Answer

A) business model risk 
B) comprehensive plan 
C) cost structures 
D) executive summary (overview) 
E) exit strategy section
F)key resource requirements
G)management team section
H)offering
I)operations and development plan
J)pivoting
K)pro forma statements 
A) business model risk 
B) comprehensive plan 
C) cost structures 
D) executive summary (overview) 
E) exit strategy section
F)key resource requirements
G)management team section
H)offering
I)operations and development plan
J)pivoting
K)pro forma statements

Question 7

Discuss each pro forma statement in the financial plan in terms of time frame. Which of these pro forma statements deserve special attention in the financial plan, and why?

Accepted Answer

Pro forma statements, which are projecti

Question 8

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 stream i

Question 9

A product or service should be described in lay terms even if the product is technical in nature.

Accepted Answer

A) True 
 B)False

Question 10

In a business plan, the legal form of organization would be discussed in the

Accepted Answer

A)  financial plan. 
B)  company description. 
C)  executive summary. 
D)  marketing plan. 
A)  financial plan. 
B)  company description. 
C)  executive summary. 
D)  marketing plan.

Question 11

The sources and uses table is a part of the _____ of the business plan.

Accepted Answer

A)  critical risks section 
B)  offering section 
C)  exit strategy 
D)  financial plan 
A)  critical risks section 
B)  offering section 
C)  exit strategy 
D)  financial plan

The purpose of the pitch is to close the deal with the investors.

Investors are only interested in reading a comprehensive business plan before deciding about the investment.

A business plan can be thought of as a

Items such as marketing research studies and the résumés of key executives are placed in the _____ of the business plan.

The marketing plan should include which of the following topics?

Match the term with its definition. -A section of the business plan that conveys a clear and concise overall picture of the proposed venture and creates interest in the venture

Discuss each pro forma statement in the financial plan in terms of time frame. Which of these pro forma statements deserve special attention in the financial plan, and why?

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 product or service should be described in lay terms even if the product is technical in nature.

In a business plan, the legal form of organization would be discussed in the

The sources and uses table is a part of the _____ of the 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 Businesses

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

The purpose of the pitch is to close the deal with the investors.

Investors are only interested in reading a comprehensive business plan before deciding about the investment.

A business plan can be thought of as a

Items such as marketing research studies and the résumés of key executives are placed in the _____ of the business plan.

The marketing plan should include which of the following topics?

Match the term with its definition. -A section of the business plan that conveys a clear and concise overall picture of the proposed venture and creates interest in the venture

Discuss each pro forma statement in the financial plan in terms of time frame. Which of these pro forma statements deserve special attention in the financial plan, and why?

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 product or service should be described in lay terms even if the product is technical in nature.

In a business plan, the legal form of organization would be discussed in the

The sources and uses table is a part of the _____ of the 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 Businesses

Professional Management and the Small Business

Managing Human Resources

Managing Small Business Operations

Managing the Firms Assets

Managing Risk

Filters