WGU D520 CAPSTONE TASK 3 BUSINESS
PLAN PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ Lesson 1: Developing SMART Goals.
Answer: SMART:1) Specific2) Measurable3) Achievable4) Relevant /
Realistic5) Time / Time Bound
◍ Service Corps of Retired Executives.
Answer: Retired executives provide free, confidential advice to
entrepreneurs: in person or over the internet, hist workshops
◍ Advantages over the competition.
Answer: Performance, Quality, Reliability, DIstribution Price
◍ Avoid making the following mistakes.
Answer: Unrealistic financial projections. An undefined target market. Poor
research, ignored competition
◍ Differentiation Strategy.
Answer: Distinguishing an organization's products from the products of
competitors on dimensions such as product design, quality, or after-sales
service.
◍ Skill and Experience.
Answer: List all of the relevant business skill experience of your leadership
team
◍ Industry.
Answer: Conduct research to learn trends
◍ Chamber of Commerce.
Answer: Provides information on local business trends
, ◍ Aligning Organization Functions to Your Business Strategy.
Answer: Coordinating and allocating firm's resources so that a firm can
carry out its plans and achieve its goals. Accomplished by determining work
activities and dividing up tasks (division of labor), grouping jobs and
employees (departmentalization), and assigning authority and
responsibilities (delegation).Involved in:1) HR - recruiting best employees,
adequate training, and motivating employees to excel2) Marketing -
developing a marketing strategy for your selected target market that incldes
products, prices and advertising3) Sales channel - selecting retail store
locations and staffing to sever your target markets4) Manufacturing -
managing production capacity and optimization at your production
facilities5) Accounting - using quarterly financial statements as a budgeting
tool6_ Finance - sourcing and using financial resources to start your
company, maintain growth, and deliver return on investment.
◍ Module 1: Strategic Planning.
Answer: 1) name the company.2) est. corporate goals and overall business
strategy.3) Understand the functions within an organization.
◍ Part 2.
Answer: Marketing
◍ Unit 4: Market Expansion.
Answer: Module 7: Financial AnalysisModule 8: Data-Driven
Decision-Making
◍ Small Business Administration.
Answer: Federal government agency. Helps Americans develop new
businesses.
◍ identification of risks.
Answer: Investors will want to know what risks your business faces and
how you plan to deal with them
◍ Part 1.
Answer: A detailed description of business goals
PLAN PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ Lesson 1: Developing SMART Goals.
Answer: SMART:1) Specific2) Measurable3) Achievable4) Relevant /
Realistic5) Time / Time Bound
◍ Service Corps of Retired Executives.
Answer: Retired executives provide free, confidential advice to
entrepreneurs: in person or over the internet, hist workshops
◍ Advantages over the competition.
Answer: Performance, Quality, Reliability, DIstribution Price
◍ Avoid making the following mistakes.
Answer: Unrealistic financial projections. An undefined target market. Poor
research, ignored competition
◍ Differentiation Strategy.
Answer: Distinguishing an organization's products from the products of
competitors on dimensions such as product design, quality, or after-sales
service.
◍ Skill and Experience.
Answer: List all of the relevant business skill experience of your leadership
team
◍ Industry.
Answer: Conduct research to learn trends
◍ Chamber of Commerce.
Answer: Provides information on local business trends
, ◍ Aligning Organization Functions to Your Business Strategy.
Answer: Coordinating and allocating firm's resources so that a firm can
carry out its plans and achieve its goals. Accomplished by determining work
activities and dividing up tasks (division of labor), grouping jobs and
employees (departmentalization), and assigning authority and
responsibilities (delegation).Involved in:1) HR - recruiting best employees,
adequate training, and motivating employees to excel2) Marketing -
developing a marketing strategy for your selected target market that incldes
products, prices and advertising3) Sales channel - selecting retail store
locations and staffing to sever your target markets4) Manufacturing -
managing production capacity and optimization at your production
facilities5) Accounting - using quarterly financial statements as a budgeting
tool6_ Finance - sourcing and using financial resources to start your
company, maintain growth, and deliver return on investment.
◍ Module 1: Strategic Planning.
Answer: 1) name the company.2) est. corporate goals and overall business
strategy.3) Understand the functions within an organization.
◍ Part 2.
Answer: Marketing
◍ Unit 4: Market Expansion.
Answer: Module 7: Financial AnalysisModule 8: Data-Driven
Decision-Making
◍ Small Business Administration.
Answer: Federal government agency. Helps Americans develop new
businesses.
◍ identification of risks.
Answer: Investors will want to know what risks your business faces and
how you plan to deal with them
◍ Part 1.
Answer: A detailed description of business goals
