Question 1

The _____ is a blueprint that helps those involved convert ideas into opportunities,articulate and manage risks and rewards,and set a realistic time schedule.

Accepted Answer

business plan

Question 2

When presenting a business plan,one must never say "no" to an offer price from a venture capitalist.

Accepted Answer

A) True 
 B)False  True

Question 3

Creating a business plan:

Accepted Answer

A)  is a great way to analyze an opportunity. 
B)  is a one-shot process. 
C)  is vital only when there is outside capital. 
D)  is the same as screening an opportunity. 
A)  is a great way to analyze an opportunity. 
B)  is a one-shot process. 
C)  is vital only when there is outside capital. 
D)  is the same as screening an opportunity. A

Question 4

Which of the following is true about writing a business plan?

Accepted Answer

A)  It is the same as screening an opportunity. 
B)  It is best thought of as a one-shot process. 
C)  It is not a good idea to hire an outside professional to write the business plan. 
D)  It is best to outsource this activity to make the plan more attractive to potential investors. 
A)  It is the same as screening an opportunity. 
B)  It is best thought of as a one-shot process. 
C)  It is not a good idea to hire an outside professional to write the business plan. 
D)  It is best to outsource this activity to make the plan more attractive to potential investors.

Question 5

It is best to hire outsiders to prepare a business plan.

Accepted Answer

A) True 
 B)False

Question 6

The economics of a business model in a business plan doesn't matter,but the numbers matter enormously.

Accepted Answer

A) True 
 B)False

Question 7

Getting a "no" from venture capitalists is easy,whereas getting a "yes" from venture capitalists is very hard.

Accepted Answer

A) True 
 B)False

Question 8

Alex,the founder of a new venture,is in the process of developing a business plan.He develops an overall plan for the project with details of draft deadlines.What is the next step he is likely to take?

Accepted Answer

A)  Develop detailed résumés of the key people in his venture. 
B)  Develop the pro forma to be include in the plan. 
C)  Create an action calendar. 
D)  Create a more specific list of tasks. 
A)  Develop detailed résumés of the key people in his venture. 
B)  Develop the pro forma to be include in the plan. 
C)  Create an action calendar. 
D)  Create a more specific list of tasks.

Question 9

Who develops a business plan?

Accepted Answer

The founders of a venture develop a busi

Question 10

The business plan is more of an end in itself than a work in progress.

Accepted Answer

A) True 
 B)False

Question 11

If a group of individuals are starting a venture that will not need startup capital,then it is appropriate to hold off on the business plan while they establish a base for sales.

Accepted Answer

A) True 
 B)False

Question 12

When speaking with venture capitalists,the entrepreneurial team should be prepared to provide the complete details of ongoing talks with other venture capitalists.

Accepted Answer

A) True 
 B)False

Question 13

Developing a business plan sets the mood for internal relationships and negotiations.

Accepted Answer

A) True 
 B)False

Question 14

There is not much difference between developing a business plan and screening an opportunity.

Accepted Answer

A) True 
 B)False

Question 15

Business plans are seldom obsolete and last throughout the lifecycle of a project.

Accepted Answer

A) True 
 B)False

Question 16

Briefly discuss the guidelines to be followed for writing an effective business plan.

Accepted Answer

Entrepreneurs should stress the business

Question 17

Which of the following is the first step in writing an action plan?

Accepted Answer

A)  Creating an overall schedule 
B)  Creating an action calendar 
C)  Segmenting information 
D)  Meeting the venture capitalists 
A)  Creating an overall schedule 
B)  Creating an action calendar 
C)  Segmenting information 
D)  Meeting the venture capitalists

Question 18

When creating a(n)_____ for a business plan,the tasks on the do list need to be placed on a calendar and re-evaluated to be sure the overall schedule works,and everyone understands due dates.

Accepted Answer

The answer of When creating a(n)_____ for a business plan,the...

Question 19

A business plan carefully articulates the market,business model,investment requirements,and returns from an opportunity but does not include the risks involved.

Accepted Answer

A) True 
 B)False

Question 20

In a business plan,the business concept should be described vaguely in the executive summary to attract more venture capitalists.

Accepted Answer

A) True 
 B)False

The _____ is a blueprint that helps those involved convert ideas into opportunities,articulate and manage risks and rewards,and set a realistic time schedule.

When presenting a business plan,one must never say "no" to an offer price from a venture capitalist.

Creating a business plan:

Which of the following is true about writing a business plan?

It is best to hire outsiders to prepare a business plan.

The economics of a business model in a business plan doesn't matter,but the numbers matter enormously.

Getting a "no" from venture capitalists is easy,whereas getting a "yes" from venture capitalists is very hard.

Alex,the founder of a new venture,is in the process of developing a business plan.He develops an overall plan for the project with details of draft deadlines.What is the next step he is likely to take?

Who develops a business plan?

The business plan is more of an end in itself than a work in progress.

If a group of individuals are starting a venture that will not need startup capital,then it is appropriate to hold off on the business plan while they establish a base for sales.

When speaking with venture capitalists,the entrepreneurial team should be prepared to provide the complete details of ongoing talks with other venture capitalists.

Developing a business plan sets the mood for internal relationships and negotiations.

There is not much difference between developing a business plan and screening an opportunity.

Business plans are seldom obsolete and last throughout the lifecycle of a project.

Briefly discuss the guidelines to be followed for writing an effective business plan.

Which of the following is the first step in writing an action plan?

When creating a(n)_____ for a business plan,the tasks on the do list need to be placed on a calendar and re-evaluated to be sure the overall schedule works,and everyone understands due dates.

A business plan carefully articulates the market,business model,investment requirements,and returns from an opportunity but does not include the risks involved.

In a business plan,the business concept should be described vaguely in the executive summary to attract more venture capitalists.

The Global Entrepreneurial Revolution for a Flatter World

The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy

The Entrepreneurial Process

Clean Commerce and Sustainable Enterprise Movements Are an Opportunity Sea Change

Opportunity Recognition

Opportunities for Social Entrepreneurship

The Entrepreneurial Leader and the Team

Ethical Decision Making and the Entrepreneur

Resource Requirements

Franchising

Entrepreneurial Finance

Obtaining Venture and Growth Capital

The Deal: Valuation, Structure, and Negotiation

Obtaining Debt Capital

Leading Rapid Growth, Crises, and Recovery

The Family As Entrepreneur

The Harvest and Beyond

Filters

Exam 7: The Business Plan

The _____ is a blueprint that helps those involved convert ideas into opportunities,articulate and manage risks and rewards,and set a realistic time schedule.

When presenting a business plan,one must never say "no" to an offer price from a venture capitalist.

Creating a business plan:

Which of the following is true about writing a business plan?

It is best to hire outsiders to prepare a business plan.

The economics of a business model in a business plan doesn't matter,but the numbers matter enormously.

Getting a "no" from venture capitalists is easy,whereas getting a "yes" from venture capitalists is very hard.

Alex,the founder of a new venture,is in the process of developing a business plan.He develops an overall plan for the project with details of draft deadlines.What is the next step he is likely to take?

Who develops a business plan?

The business plan is more of an end in itself than a work in progress.

If a group of individuals are starting a venture that will not need startup capital,then it is appropriate to hold off on the business plan while they establish a base for sales.

When speaking with venture capitalists,the entrepreneurial team should be prepared to provide the complete details of ongoing talks with other venture capitalists.

Developing a business plan sets the mood for internal relationships and negotiations.

There is not much difference between developing a business plan and screening an opportunity.

Business plans are seldom obsolete and last throughout the lifecycle of a project.

Briefly discuss the guidelines to be followed for writing an effective business plan.

Which of the following is the first step in writing an action plan?

When creating a(n)_____ for a business plan,the tasks on the do list need to be placed on a calendar and re-evaluated to be sure the overall schedule works,and everyone understands due dates.

A business plan carefully articulates the market,business model,investment requirements,and returns from an opportunity but does not include the risks involved.

In a business plan,the business concept should be described vaguely in the executive summary to attract more venture capitalists.

The Global Entrepreneurial Revolution for a Flatter World

The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy

The Entrepreneurial Process

Clean Commerce and Sustainable Enterprise Movements Are an Opportunity Sea Change

Opportunity Recognition

Opportunities for Social Entrepreneurship

The Entrepreneurial Leader and the Team

Ethical Decision Making and the Entrepreneur

Resource Requirements

Franchising

Entrepreneurial Finance

Obtaining Venture and Growth Capital

The Deal: Valuation, Structure, and Negotiation

Obtaining Debt Capital

Leading Rapid Growth, Crises, and Recovery

The Family As Entrepreneur

The Harvest and Beyond

Filters