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Exam 13: Proposals, Business Plans, and Formal Business Reports

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Question 1

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Which of the following statements about formal business reports is NOT accurate?

A) Formal reports are similar to formal proposals in length, organization, and serious tone.
B) Formal reports are written for internal audiences only.
C) Formal reports present the end product of thorough investigation and analyses.
D) Breaking a long formal report into small segments makes it easier to understand.

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Question 2

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Because they are written for managers and decision makers, ____________________ summaries are less technically oriented than abstracts.

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Question 3

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Executive summaries of formal reports should always be limited to one page.

Which of the following statements about proposals is the most accurate?

Which of the following is the best advice for preparing a formal business report?

____________________ tell what the report findings mean; they usually appear before the recommendations.

Ancillary materials of interest to only some readers, such as résumés of principal investigators, testimonial letters, and audit procedures, would be included in the ____________________ section of a formal proposal.

Which of the following components is typically included in a formal report but is optional in an informal report?

Which of the following sections of a formal business report tells what the findings mean?

Formal business reports are read by only the highest levels of management.

Explain what a proposal is. Then list the six parts of informal proposals, describing what type of information is included in each.

The ____________________ analysis section of a business plan should discuss market characteristics, trends, projected growth, customer behaviour, complementary products and services, and barriers to entry.

A potential angel investor is reading your business plan for a new start-up company. What will this investor most likely consider to be the most important factor in assessing your business potential?

What does the authorization section of an informal proposal include?

Which of the following would NOT appear in the operations and management section of a business plan?

Proposals are written offers to solve problems, provide services, or sell equipment.

Which of the following is the longest and most substantive section of a formal business report?

Describe what a formal business report is and explain how it differs from a formal proposal. Then give an original example of when each would be written.

Which of the following sections in the introduction to a formal business report tells why the report topic is important?

Be sure that your business plan describes a unique product or service because that is all investors will be interested in.