Question 1

Bankers agree that most business failures are due to the entrepreneur's inability to obtain financing.

Accepted Answer

A) True 
 B)False

Question 2

Typically business plan projections are made in a 36-month schedule.

Accepted Answer

A) True 
 B)False

Question 3

Planning the new venture is a process that never ends.

Accepted Answer

A) True 
 B)False

Question 4

All of the following would be considering part of the description of the venture section of the business plan except:

Accepted Answer

A) the business location. 
B) the history of the business. 
C) what equipment will be purchased. 
D) the projected statement of cash flows for the first year. 
A) the business location. 
B) the history of the business. 
C) what equipment will be purchased. 
D) the projected statement of cash flows for the first year.

Question 5

Pro forma financial statements should be prepared semi-monthly for the first year of the venture.

Accepted Answer

A) True 
 B)False

Question 6

The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the:

Accepted Answer

A) merchandising plan. 
B) description of the venture. 
C) executive summary. 
D) environmental and industry analysis. 
A) merchandising plan. 
B) description of the venture. 
C) executive summary. 
D) environmental and industry analysis.

Bankers agree that most business failures are due to the entrepreneur's inability to obtain financing.

Typically business plan projections are made in a 36-month schedule.

Planning the new venture is a process that never ends.

All of the following would be considering part of the description of the venture section of the business plan except:

Pro forma financial statements should be prepared semi-monthly for the first year of the venture.

The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the:

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property 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

Bankers agree that most business failures are due to the entrepreneur's inability to obtain financing.

Typically business plan projections are made in a 36-month schedule.

Planning the new venture is a process that never ends.

All of the following would be considering part of the description of the venture section of the business plan except:

Pro forma financial statements should be prepared semi-monthly for the first year of the venture.

The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the:

Entrepreneurship and the Entrepreneurial Mind-Set

Entrepreneurial Intentions and Corporate Entrepreneurship

Entrepreneurial Strategy: Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Intellectual Property 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