Q161: What’s the biggest mistake you can make when preparing a business plan?
- A. Not telling a compelling story
- B. Forgetting the executive summary
- C. Failing to include at least one appendix
- D. Misrepresenting facts
- E. Failing to have a clear vision of the business
Answer
Answer E. Failing to have a clear vision of the business
Q162: The money (capital) that a business needs in order to carry out its plans
- A. Break-even
- B. Business plan
- C. Cash flow forecast
- D. Entrepreneur
- E. Finance
Answer
Answer E. Finance
Q163: Generating a level of revenue that is greater than the costs incurred by a business over a period of time
- A. Break-even
- B. Business plan
- C. Cash flow forecast
- D. Entrepreneur
- E. Profit
Answer
Answer E. Profit
Q164: An individual who is good at spotting business opportunities and taking risks
- A. Break-even
- B. Business plan
- C. Cash flow forecast
- D. Entrepreneur
- E. Finance
Answer
Answer D. Entrepreneur
Q165: A document that sets out a business opportunity and how it will be achieved
- A. Break-even
- B. Business plan
- C. Cash flow forecast
- D. Entrepreneur
- E. Finance
Answer
Answer B. Business plan
Q166: A document showing the expected cash inflows and outflows in the coming months
- A. Break-even
- B. Business plan
- C. Cash flow forecast
- D. Entrepreneur
- E. Finance
Answer
Answer C. Cash flow forecast
Q167: An entrepreneur will need to___carefully how to put the idea into practice
- A. Plan
- B. Objectives
- C. Forecast
- D. Finance
- E. Investors
Answer
Answer A. Plan
Q168: Business Plan will contain a great deal of financial information including a cash-flow___
- A. Plan
- B. Objectives
- C. Forecast
- D. Finance
- E. Investors
Answer
Answer C. Forecast
Q169: This should also identify how much___is needed to get the business started
- A. Plan
- B. Objectives
- C. Forecast
- D. Finance
- E. Investors
Answer
Answer D. Finance
Q170: Producing a business plan is vital for raising funds from___or the bank
- A. Plan
- B. Objectives
- C. Forecast
- D. Finance
- E. Investors
Answer
Answer E. Investors
Q171: Which of the following is not one of the purposes of a business model?
- A. serves as an ongoing extension of feasibility analysis
- B. serves as a template for conducting industry analysis
- C. serves as a Financial for conducting industry analysis
- D. serves as a operational for conducting industry analysis
- E. Investors
Answer
Answer A. serves as an ongoing extension of feasibility analysis
Q172: An entrepreneur is someone who assumes the major risks of a new business by committing which of the following?
- A. Equity
- B. time
- C. career
- D. all of the above
Answer
Answer D. all of the above
