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Exam 4: The-Business-Plan

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Question 21

Multiple Choice

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Which of the following sections of the manufacturing and operations section of the business plan discusses what will be produced in the plant and what components will be purchased to be assembled into the finished product?

A) Labor force
B) Facilities
C) Make-or-buy policy
D) Control systems

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Question 22

Multiple Choice

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In terms of appearance,a business plan should be

A) Handwritten
B) Professionally prepared by outside experts
C) Printed and spiral bound
D) Printed on gold-leaf-trimmed pages

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Question 23

True/False

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The 18-to-25 year old female market is an example of a consumer demographic.

The marketing plan section of the business plan is where alternative plans are established in case the unexpected should occur.

A common mistake made in writing business plans is for the small business owner to propose investing none of their own money in the business.

The overall appearance of a business plan is not important; content is what counts.

The marketing plan section of the business plan stresses the manufacturing and operations plan that will be needed to produce the product.

In her business plan,Jane indicates that her new company will rely on word-of-mouth advertising for the first few years.This is an example of which common error in writing business plans?

Which of the following is not included in the marketing plan section of the business plan?

A good executive summary provides the opportunity to develop an elevator pitch.What is an elevator pitch?

A document that tests the feasibility of a business idea,describes ways to raise capital,and serves as a road map for future operations is called a

All but which of the following benefits might arise for a community in which a small business is located?

The most important section of a business plan is the executive summary.

Developing adequate parking for a business establishment involves which area of the manufacturing and operations plan?

The make-or-buy decision involves deciding what will be produced and what will be purchased in a manufacturing business.

The financial document that shows the amount of money a business has on hand at the beginning of a time period,receipts,and money paid out is called a/an

A document that graphically shows how job positions fit within an organization is sometimes included in the appendix of a plan.This document is referred to as a/an

Financial data should never be included in a business plan's executive summary.

Which of the following is not a general guideline for writing a business plan?

A condensed abstract of a business plan used to spark reader interest and to highlight critical information is called a/an