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

The executive summary section should:

The executive summary section of the business plan should be written first,before other sections are developed.

Since bills have to be paid at different times of the year,cash flow projections should be presented weekly.

The business plan addresses only short term decision making.

Most entrepreneurs have little difficulty with gathering market information.

The organization plan describes the business':

If the new venture is not a manufacturing operation,but a retail store or service,a new section of the business plan is required which is called the:

Venture capitalists demand high rates of return for their investment in the new venture.

The usefulness of the title or introductory page is:

The executive summary section is only meant to highlight key factors and motivate the person holding the plan to read it in its entirety.

Standard & Poor's and Bloomberg are good sources of industry and market data.

To assess the potential profitability of a venture,the entrepreneur needs to ascertain expected sales and expense figures for the first:

While preparing the first draft of the business plan,the entrepreneur should not:

The four Cs of credit are computers,capital,compromise,and collateral.

The Internet is a useful tool to access information but is generally not a good vehicle for marketing goods and services.

Draw the Upside-Down Pyramid Approach to Gathering Market Information.

The entrepreneur need not concentrate on environmental analysis since most of the external factors are generally uncontrollable.

In preparing the business plan,entrepreneurs can provide their own perspective and should consider the needs of external sources.

What types of information might an entrepreneur needs in regards to manufacturing operations?

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