BASICEDU: Business Plan Quiz, English

Name*

VornameNachname

E-Mail*

beispiel@beispiel.de

Q1: What is a business plan?*

A gallery of photos that explains the location and construction of the businessA collection of plans that are combined from different business and then analyzed and compared to your businessA written plan that is a description of all the aspects of the business and includes the business's goalsnone of the above are correct; a business plan is simply a list of guidelines that tell successful business's how to run their company in order to make a profit

Q2: What should the aspect of the cover sheet or table of contents NOT include?*

owners name, company name, and the business's addresswebsite, email addressthe business logothe competitors of that business

Q3: What should the aspect of the company description include?*

diagrams, photographsback up description of the target market, why your idea will be successful and capture the market and why the opportunity is presentvision and mission statementall of the above

Q4: What is the most important part of your business plan?*

Executive SummaryTable of ContentsFinancial PlanBackground

Q5: Which of the following parts of a business plan include the cash flow projection and the repayment plan?*

Background and HistoryExecutive SummaryMarket ResearchFinancial Plan

Q6: Which part of the business plan explains the process of attraction of customers to your business and how you determined the appropriate customers?*

Market Research/anaylsisFinancial PlanBackground and Historyall of the above

Q7: What is the difference between the Start Up plan and the Occupational Plan? Which statement is correct?*

The Occupational Plan tells where you want and plan to start the businesOccupational Plan describes in detail how your business will operateStart Up Plan- explains why you chose the business frame and locationStart Up Plan- Includes diagrams of production or areas of service

Q8: What does the area of Background research or History explain?*

Describes yourself and what experiences you bring to the venturedescribes the customers basis that the product will suitIncludes the address of the business and the owner's contact informationIt includes all of the above

Q9: What are the advantages of creating a business plan?*

It allows the entrepreneur to focus on what they want to accomplishAllows the process they will take to do it become simple and easyAllows them to accomplish their desired taskAll of the above

Q10: Where do you state the vision for the company, how much money you need, and how you hope to pay the money back well as the opportunity?*

Table of ContentsFinancial PlanExecutive SummaryHistory

Q11: True or False: If your executive summary is more than three pages it will most likely not be read*

False: More is always needed when writing an executive summarynone of the aboveTrue: too much is not needed when writing an executive summary the readers will be boredboth of the above

Q12: Why are business plans used for potential investors and banks?*

for start up fundsnone of the aboveThey are only used by banks NOT investorsthey are not used by investors and banks

Q13: Which of the following is NOT a part of the business plan?*

Index VentureCreation ProcessFundsall of the above

Q14: Which part of the business plan includes the 4 P's Place Product Production Price?*

Table of ContentsMarketing Research/anaylisisContact InformationHistory

Q15: What are the disadvantages of creating a business plan?*

Leads away from the desired task that was the goal to be accomplisheddistracts entrepreneur's from allowing their business to grownone of the aboveIt will be more complicated to identity the companies competition

Q16: What part of the plan focuses on what you are selling and the benefits that the customers will receive (the cost of the marketed items/acts)?*

Company DescriptionProduct/ServicesStrategyMarket Analysis

Q17: Which part of the plan outlines the structure of the company, identifies the owner's of the company and their percentage, and lists board members?*

Financial PlanOrganizationStrategy/ ImplementationExecutive Summary

Q18: What part of the plan deals with details about promotion, pricing, and distribution, as well as on how the business will reach customers within their target market?*

StrategyMarket AnalysisCompany DescriptionFinancial projections/plans

Q19: This part of a business plan shows the knowledge of the industry and includes statistics on marketing data for the companies products/services, and evaluates competition?*

Executive SummaryCompany DescriptionStrategyMarket Analysis

Q20: Where would an example of the descriptions the department/ key employees fit in?*

OrganizationalExecutive SummaryFinancial PlanProduct/Service

Q21: True or false : A business plan is important for businesses seeking funding?*

truefalsebothneither

Q22: Includes a biography listing the owners skills and their background information?*

Management teamFinancial PlanProductsProjections

Q23: Includes the operating hours of the company*

Strategy / ImplementationFinancial PlanExecutive Summaryall of the listed

Q24: Includes long and short term business goals*

Company descriptionProductsFinancial PlanServices

Q25: Includes the purpose of the plan*

Financial PlanProductsExecutive SummaryCompany Description

Project reference number: 2020-1-TR01-KA204-093850

BasicEDU - Business Plan Questionnaire