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Mixed Quiz
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1

The process of writing the business plan provides no benefit for the entrepreneur.
A)True
B)False
2

For investing in a new venture, venture capitalists demand high rates of return.
A)True
B)False
3

When gathering financial information, the entrepreneur should develop a budget that includes expected sales and expense figures for the first five years.
A)True
B)False
4

Before other sections of the business plan are developed, the entrepreneur should first write the executive summary section.
A)True
B)False
5

The venture's form of ownership should be included and described in the organizational plan section of the business plan.
A)True
B)False
6

________________ should have access to the venture's business plan.
A)Suppliers
B)Lenders
C)Investors
D)All of the above
7

A company's location on the Internet is called its:
A)library site.
B)front page.
C)home site.
D)none of the above
8

In a new venture manufacturing operation, a production plan in the business plan is _______________.
A)necessary
B)required by federal and state law
C)not needed
D)both A and B
9

______________ is usually included in the Financial Plan.
A)Statement of cash flows
B)Income statement
C)Projected balance sheet
D)All of the above
10

________________________ will result in the failure of a business plan.
A)Reasonable goals set by the entrepreneur
B)An entrepreneur inexperienced in the planned business
C)The establishment of customer need of a product
D)None of the above





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