Business management exam test
quiz and answers graded A+
Business plan - ANS✅✅A formal document that describes a business concept, outlines core
business objectives, and details strategies and timelines for achieving those objectives
Dehydrated plan - ANS✅✅A short form of a business plan that presents only the most important
issues and projections for the business.
Comprehensive plan - ANS✅✅A full business plan that provides an in-depth analysis of the critical
factors that will determine a firm's success or failure, along with all the underlying assumptions.
Executive summary - ANS✅✅A section of the business plan that conveys a clear and concise
overall picture of the proposed venture. this includes:
description of the opportunity
an explanation of the business concept
industry overview
target market
competitive advantage
market research
management team
offering
product/service plan - ANS✅✅A section of the business plan that describes the product and/or
service to be provided and explains its merits.
marketing plan - ANS✅✅a section of the business plan that describes the user benefits of the
product or service and the type of market that exists
operations and development plan - ANS✅✅A section of the business plan that offers information
on how a product will be produced or a service provided, including descriptions of the new firm's
facilities, labor, raw materials, and processing requirements.
management team - ANS✅✅section of the business plan that describes the new firm's
organizational structure and the backgrounds of its key players
, critical risks - ANS✅✅section of the business plan that identifies the potential risks that may be
encountered by an investor
offering - ANS✅✅section of the business plan that indicates to an investor how much money is
needed and when, and how the money will be used
financial plan - ANS✅✅a section of the business plan that projects the companys financial position
based on well substantiated assumptions and explains how the figures have been determined
pro forma statements - ANS✅✅Projections of a company's financial statements for up to five
years, including balance sheets, income statements, and statements of cash flows, as well as cash
budgets.
prospectus - ANS✅✅A formal legal document, which is required by and filed with the Securities
and Exchange Commission, that provides details about an investment offering for sale to the public.
A prospectus should contain the facts that an investor needs to make an informed investment
decision.
small business marketing - ANS✅✅Business activities that direct the creation, development, and
delivery of a bundle of satisfaction from the creator to the targeted user and that satisfy the
targeted user.
three levels of a procuct or service - ANS✅✅augmented p/s
actual p/s
core p/s
insider in new firm - ANS✅✅entrepreneurs and management team
employees
outsiders in new firm - ANS✅✅customers
lenders
suppliers
investors(private, family, or venture capitalists)
quiz and answers graded A+
Business plan - ANS✅✅A formal document that describes a business concept, outlines core
business objectives, and details strategies and timelines for achieving those objectives
Dehydrated plan - ANS✅✅A short form of a business plan that presents only the most important
issues and projections for the business.
Comprehensive plan - ANS✅✅A full business plan that provides an in-depth analysis of the critical
factors that will determine a firm's success or failure, along with all the underlying assumptions.
Executive summary - ANS✅✅A section of the business plan that conveys a clear and concise
overall picture of the proposed venture. this includes:
description of the opportunity
an explanation of the business concept
industry overview
target market
competitive advantage
market research
management team
offering
product/service plan - ANS✅✅A section of the business plan that describes the product and/or
service to be provided and explains its merits.
marketing plan - ANS✅✅a section of the business plan that describes the user benefits of the
product or service and the type of market that exists
operations and development plan - ANS✅✅A section of the business plan that offers information
on how a product will be produced or a service provided, including descriptions of the new firm's
facilities, labor, raw materials, and processing requirements.
management team - ANS✅✅section of the business plan that describes the new firm's
organizational structure and the backgrounds of its key players
, critical risks - ANS✅✅section of the business plan that identifies the potential risks that may be
encountered by an investor
offering - ANS✅✅section of the business plan that indicates to an investor how much money is
needed and when, and how the money will be used
financial plan - ANS✅✅a section of the business plan that projects the companys financial position
based on well substantiated assumptions and explains how the figures have been determined
pro forma statements - ANS✅✅Projections of a company's financial statements for up to five
years, including balance sheets, income statements, and statements of cash flows, as well as cash
budgets.
prospectus - ANS✅✅A formal legal document, which is required by and filed with the Securities
and Exchange Commission, that provides details about an investment offering for sale to the public.
A prospectus should contain the facts that an investor needs to make an informed investment
decision.
small business marketing - ANS✅✅Business activities that direct the creation, development, and
delivery of a bundle of satisfaction from the creator to the targeted user and that satisfy the
targeted user.
three levels of a procuct or service - ANS✅✅augmented p/s
actual p/s
core p/s
insider in new firm - ANS✅✅entrepreneurs and management team
employees
outsiders in new firm - ANS✅✅customers
lenders
suppliers
investors(private, family, or venture capitalists)
