A business plan's title page includes all of the following except

a brief description of the business.

is an independent federal agency that helps businsess get funding

states how much you want to borrow.

Before you can get a business loan for a new business...

you'll need to show the leaders of the business are suited to the business

A business plan is important for all of the following reason EXCEPT

it helps you decide what to sell

The marketing section of a business plan contains all of the following EXCEPT

a list of websites about your product

Which of the following is not an element of the financial management section of your plan?

Distribution of profits and losses

studbud

Eship Chapter 3 Review

18 termsStudBud Administration187 plays

Imported from external platform

Flashcards18 cardsFPractice quizPHost liveL

Questions 18

Answers

1
A business plan's title page includes all of the following except
the date.
the owner's name.
the name of the company.
a brief description of the business.
2
The SBA...
can help startups in Canada and Mexico
is an independent federal agency that helps businsess get funding
will give everyone who applies a loan
all of the above
3
Before they will consider giving you the money you'll need...
a list of people you plan to work for you
all of the above
A business plan
the history of your product
4
All of the following are common mistakes entrepreneurs make except...
Bad hiring process
Ignoring competition
Poor research
Unrealistic financial projections
5
Long term sales projections are...
five years into the future
ten years into the future
not needed in a plan
two to four years after startup
6
The introduction section of a business plan contains all of the following except
the legal structure of the business.
an identification of risks.
a description of the nature of the business.
the advantages your business has over your competitors.
7
The appendix of a business plan might include
recommendation letters
copy of required licenses
all of the above
tax history of owner
8
Developing a business plan helps to
identify potential obstacles
recognize limitations
all of the above
A think though business strategies
9
An executive summary
should be written before the business plan is completed.
has supporting documents for main report
states how much you want to borrow.
should be no longer than one or two paragraphs.
10
Before you can get a business loan for a new business...
you'll need to show the leaders of the business are suited to the business
you need to have client ready to buy
all employees need to be interviewed by lenders
you need to invest some of your own money
11
Information about necessary equipment for your business is included in a business plan's
financial management section
operations
concluding statement
marketing section
12
A business plan is important for all of the following reason EXCEPT
it can help you secure financing
it helps you present your business plans
it helps you decide what to sell
it makes you think about every aspect of the business
13
A local resource that can give trends affecting local business, local resources, and license info
Chamber of Commerce
Trade association
SBA
SCORE
14
The marketing section of a business plan contains all of the following EXCEPT
how you plan to enter the market.
how you plan to deal with competition.
who your prospective customers are.
a list of websites about your product
15
All of the following are resources for small businesses EXCEPT:
SCORE
Chamber of Commerce
New Business Administration
Small Business Administration
16
Which of the following is not an element of the financial management section of your plan?
Distribution of profits and losses
Identification of risks
Funding request and return on investment
Financial statements
17
A business statement that projects revenues and expenses is called...
money sheet
financial statement
budget
W-2 Forms
18
Online resources for your business...
are not as updated as print materials
should not be considered for your business plan
can be found through Google
Can only be found through the SBA

Eship Chapter 3 Review Flashcards | StudBud