EBM N5: Module 5 - Revising, presenting and evaluating the business plan

Question 1

Why is a marketing plan essential?

Accepted Answer

To identify target market

Question 2

A business résumé included in the appendix helps investors understand the business owner’s background and experience.

Accepted Answer

True

Question 3

What should the executive summary include?

Accepted Answer

Business purpose and goals

Question 4

The management plan includes details about business ownership, staffing, and legal compliance.

Accepted Answer

True

Question 5

What is the importance of a strong conclusion?

Accepted Answer

To motivate for success

Question 6

What is the purpose of reference letters?

Accepted Answer

To prove good reputation

Question 7

Which document shows your financial history?

Accepted Answer

Credit reports

Question 8

What should be avoided in PowerPoint presentations?

Accepted Answer

Copying full paragraphs

Question 9

What is a zero-based budget?

Accepted Answer

A fresh expense plan

Question 10

What is the role of visuals in a presentation?

Accepted Answer

To explain concepts

Question 11

Legal documents such as lease agreements and POPIA compliance certificates are examples of supporting materials.

Accepted Answer

True

Question 12

What does SWOT analysis assess?

Accepted Answer

Strengths and weaknesses

Question 13

What does the management plan outline?

Accepted Answer

Staff duties and skills

Question 14

When presenting your business plan, it is acceptable to copy and read full paragraphs directly from your slides.

Accepted Answer

False

Question 15

What does a business profile include?

Accepted Answer

Work experience

Question 16

What is the significance of a cover page?

Accepted Answer

To provide basic info

Question 17

What does a break-even analysis determine?

Accepted Answer

When income covers expenses

Question 18

What is a key feature of a well-prepared presentation?

Accepted Answer

Clear goals and organization

Question 19

A break-even analysis is part of the marketing plan in a business plan.Answer:

Accepted Answer

False

Question 20

The appendix of a business plan is optional and does not affect the plan's credibility.

Accepted Answer

False

Question 21

What does the evaluation criteria assess?

Accepted Answer

Overall plan quality

Question 22

What is included in the financial plan?

Accepted Answer

Projected cash flow

Question 23

The financial plan section of a business plan only includes start-up capital and product pricing.

Accepted Answer

False

Question 24

Using visuals such as graphs and tables in a business plan presentation can help communicate your ideas more clearly.

Accepted Answer

True

Question 25

What is the purpose of the appendix?

Accepted Answer

To add credibility

EBM N5: Module 5 - Revising, presenting and evaluating the business plan

Questions 25

EBM N5: Module 5 - Revising, presenting and evaluating the business plan

Questions 25