The 'Business Section' of a business plan should discuss... (select all which are correct)

Personal investment made by each key stakeholder, Form of business ownership (Partnership, Ltd., Sole Trader, etc.)

Which of the following is not interested in a business plan

Government body (to adjust taxation based on market projections)

Employees of a company are interested in its Business Plans in order to... (Select all correct answers)

Judge possible expansion of a business and thus promotion opportunities, Confirm/Ensure their future employment security

What is a business plan?

An overview document about the business and its future opportunities

The benefits of a business plan are: (select all correct answers)

Gives Business Direction/Viability, Sources Finance

Which are the five stakeholders that have an interest in business plans?

Employees, Investors, Financial Institutions, Management, Suppliers

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LC Business 5.10-5.12 - Business Plans

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LC5.10-5.12 - Business Plans Unit 5 Syllabus Point/s: 5.10 5.11 5.12

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Questions 12

Answers

1
The 'Business Section' of a business plan should discuss... (select all which are correct)
An outline of existing competitors in the target market
Expected yearly profits of the business (5 Years)
Personal investment made by each key stakeholder
Form of business ownership (Partnership, Ltd., Sole Trader, etc.)
2
Which of the following is not interested in a business plan
Financial Institutions (To aid with decision about capital loan terms)
Suppliers (to ensure a business can sustain any offered line of credit)
Investors in a Company (to judge the profitability of an investment)
Government body (to adjust taxation based on market projections)
3
A proper business plan should set out goals for...
No Concrete Time Period for Goals
Long Term only
Short Term only
Both Long and Short Term
4
Employees of a company are interested in its Business Plans in order to... (Select all correct answers)
Judge possible expansion of a business and thus promotion opportunities
To measure true performance against projections and judge its development
Confirm/Ensure their future employment security
To judge the business's viability and decide if they should invest in it
5
A business plan's targets are more qualitative and subjective than quantitative and concrete
True
False
6
Which is not a 'main section' of a business plan?
Finance
Market Description
Entrepreneurship Strategy
Marketing Strategy
7
What is a business plan?
A spreadsheet of all credits and debits of a business
A bi-annual review by the ministry of finance of all businesses in a sector
An official document about a business proposal; needed to start a company
An overview document about the business and its future opportunities
8
The benefits of a business plan are: (select all correct answers)
Gives Business Direction/Viability
Attracts New Employees
All of the Above
Sources Finance
9
Business Plans are Important For:
Established businesses looking for a change of direction/investors/loans.
All of the Above.
Start-ups trying to get loans/investment for their young company.
Companies trying to set realistic and concrete goals for their future.
10
Which are the five stakeholders that have an interest in business plans?
Employees, Investors, Financial Institutions, Suppliers, Customers
Management, Financial Institutions, Taxing Bodies, Employees, Investors
Taxing Bodies, Customers, Management, Financial Institutions, Employees
Employees, Investors, Financial Institutions, Management, Suppliers
11
The 'Finance Section' of a business plan should have financial projections for a period of 7-10 years
False
True
12
In most cases, financial institutions will not give out loans to businesses without a business plan
True
False

LC Business 5.10-5.12 - Business Plans Flashcards | StudBud