Question 1

The business plan is designed to guide the entrepreneur:

Accepted Answer

A)  through the distribution process. 
B)  through the first year of operations. 
C)  in the financing process. 
D)  in case of a change in ownership. 
A)  through the distribution process. 
B)  through the first year of operations. 
C)  in the financing process. 
D)  in case of a change in ownership.

Question 2

By 2022 it is projected that online sales will account for 17 percent of all retail sales.

Accepted Answer

A) True 
 B)False

Question 3

An evaluation of cultural changes is irrelevant to the venture and should not be included in the business plan.

Accepted Answer

A) True 
 B)False

Question 4

When evaluating business plans ________ are primarily concerned with the four Cs of credit.

Accepted Answer

A)  investors 
B)  employees 
C)  vendors 
D)  lenders 
A)  investors 
B)  employees 
C)  vendors 
D)  lenders

Question 5

The process of writing the business plan provides a self-assessment for the entrepreneur.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not a part of the introductory page

Accepted Answer

A)  The name and address of the company 
B)  Statement of confidentiality 
C)  Amount of financing needed 
D)  The names and addresses of all managers 
A)  The name and address of the company 
B)  Statement of confidentiality 
C)  Amount of financing needed 
D)  The names and addresses of all managers

Question 7

The organizational plan section of the business plan should describe the venture's form of ownership.

Accepted Answer

A) True 
 B)False

The business plan is designed to guide the entrepreneur:

By 2022 it is projected that online sales will account for 17 percent of all retail sales.

An evaluation of cultural changes is irrelevant to the venture and should not be included in the business plan.

When evaluating business plans ________ are primarily concerned with the four Cs of credit.

The process of writing the business plan provides a self-assessment for the entrepreneur.

Which of the following is not a part of the introductory page

The organizational plan section of the business plan should describe the venture's form of ownership.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 7: The Business Plan: Creating and Starting the Venture

The business plan is designed to guide the entrepreneur:

By 2022 it is projected that online sales will account for 17 percent of all retail sales.

An evaluation of cultural changes is irrelevant to the venture and should not be included in the business plan.

When evaluating business plans ________ are primarily concerned with the four Cs of credit.

The process of writing the business plan provides a self-assessment for the entrepreneur.

Which of the following is not a part of the introductory page

The organizational plan section of the business plan should describe the venture's form of ownership.

The Entrepreneurial Mind-Set

Corporate Entrepreneurship

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters