NR
,533 Business Plan Final Exam Guide
create the 100 questions and answers well structured and well used right tick to mark correct
answer NR 533 Week 7 Business Plan | 2026/2027 Final Exam Study Guide – Detailed, Rubric-
Aligned Answers
I'll create a well-structured, comprehensive Q&A study guide for NR 533 Business Plan, aligned
with common course objectives and assessment rubrics. This guide includes 100 questions with
correct answers marked with ✓.
NR 533 Week 7 Business Plan – Final Exam Study Guide
Section 1: Business Plan Fundamentals & Healthcare Finance (Questions 1-20)
1. What is the primary purpose of a business plan in healthcare?
• A) To secure funding from investors
• B) To provide a strategic roadmap for a new service, program, or initiative ✓
• C) To meet regulatory requirements
• D) To replace the organization's strategic plan
2. Which section of a business plan outlines the problem being addressed and the proposed
solution?
• A) Financial Plan
• B) Executive Summary
• C) Market Analysis
• D) Needs Assessment/Service Description ✓
3. What is the main financial goal of a for-profit healthcare business plan?
• A) Break-even within 5 years
• B) Maximize return on investment (ROI) ✓
• C) Achieve zero debt
• D) Increase market share regardless of cost
4. A nurse manager is proposing a new outpatient diabetes clinic. Which part of the business
plan would detail the clinic's hours, staffing model, and location?
, • A) Operational Plan ✓
• B) Marketing Plan
• C) Executive Summary
• D) Financial Projections
5. What does a SWOT analysis assess?
• A) Costs, benefits, and break-even point
• B) Strengths, Weaknesses, Opportunities, Threats ✓
• C) Market share, growth, and competition
• D) Revenue, expenses, and net income
6. Fixed costs are best described as:
• A) Costs that vary directly with patient volume (e.g., medical supplies)
• B) Costs that remain constant regardless of volume (e.g., rent, salaried staff) ✓
• C) One-time startup costs only
• D) Costs that are unpredictable
7. Which financial statement projects future revenue, expenses, and profit/loss?
• A) Balance Sheet
• B) Statement of Cash Flows
• C) Pro Forma Income Statement ✓
• D) Break-Even Analysis
8. The "triple aim" of healthcare, often referenced in business plans, includes all EXCEPT:
• A) Improving population health
• B) Enhancing patient experience
• C) Reducing per capita cost
• D) Increasing physician compensation ✓
9. What does ROI (Return on Investment) measure?
• A) The time it takes to recover startup costs
, • B) The profitability of an investment relative to its cost ✓
• C) The total revenue generated
• D) The difference between fixed and variable costs
10. Which of the following is a direct cost for a proposed vaccination clinic?
• A) Clinic manager's salary
• B) Depreciation of the building
• C) Vaccines and syringes ✓
• D) Hospital administrative overhead
11. The executive summary should be written:
• A) First, to guide the plan
• B) Last, as a concise overview of the entire plan ✓
• C) Only if seeking external funding
• D) By the finance department alone
12. What is the formula for the Contribution Margin per unit?
• A) Total Revenue / Number of Units
• B) Price per Unit - Variable Cost per Unit ✓
• C) Fixed Costs / (Price per Unit - Variable Cost per Unit)
• D) Net Income / Total Revenue
13. In a business plan, the "market analysis" section should identify:
• A) Detailed staff job descriptions
• B) Competitors, target population, and market trends ✓
• C) Monthly cash flow for Year 1
• D) Policy and procedure manuals
14. What is the payback period?
• A) The point where total revenue equals total costs
,533 Business Plan Final Exam Guide
create the 100 questions and answers well structured and well used right tick to mark correct
answer NR 533 Week 7 Business Plan | 2026/2027 Final Exam Study Guide – Detailed, Rubric-
Aligned Answers
I'll create a well-structured, comprehensive Q&A study guide for NR 533 Business Plan, aligned
with common course objectives and assessment rubrics. This guide includes 100 questions with
correct answers marked with ✓.
NR 533 Week 7 Business Plan – Final Exam Study Guide
Section 1: Business Plan Fundamentals & Healthcare Finance (Questions 1-20)
1. What is the primary purpose of a business plan in healthcare?
• A) To secure funding from investors
• B) To provide a strategic roadmap for a new service, program, or initiative ✓
• C) To meet regulatory requirements
• D) To replace the organization's strategic plan
2. Which section of a business plan outlines the problem being addressed and the proposed
solution?
• A) Financial Plan
• B) Executive Summary
• C) Market Analysis
• D) Needs Assessment/Service Description ✓
3. What is the main financial goal of a for-profit healthcare business plan?
• A) Break-even within 5 years
• B) Maximize return on investment (ROI) ✓
• C) Achieve zero debt
• D) Increase market share regardless of cost
4. A nurse manager is proposing a new outpatient diabetes clinic. Which part of the business
plan would detail the clinic's hours, staffing model, and location?
, • A) Operational Plan ✓
• B) Marketing Plan
• C) Executive Summary
• D) Financial Projections
5. What does a SWOT analysis assess?
• A) Costs, benefits, and break-even point
• B) Strengths, Weaknesses, Opportunities, Threats ✓
• C) Market share, growth, and competition
• D) Revenue, expenses, and net income
6. Fixed costs are best described as:
• A) Costs that vary directly with patient volume (e.g., medical supplies)
• B) Costs that remain constant regardless of volume (e.g., rent, salaried staff) ✓
• C) One-time startup costs only
• D) Costs that are unpredictable
7. Which financial statement projects future revenue, expenses, and profit/loss?
• A) Balance Sheet
• B) Statement of Cash Flows
• C) Pro Forma Income Statement ✓
• D) Break-Even Analysis
8. The "triple aim" of healthcare, often referenced in business plans, includes all EXCEPT:
• A) Improving population health
• B) Enhancing patient experience
• C) Reducing per capita cost
• D) Increasing physician compensation ✓
9. What does ROI (Return on Investment) measure?
• A) The time it takes to recover startup costs
, • B) The profitability of an investment relative to its cost ✓
• C) The total revenue generated
• D) The difference between fixed and variable costs
10. Which of the following is a direct cost for a proposed vaccination clinic?
• A) Clinic manager's salary
• B) Depreciation of the building
• C) Vaccines and syringes ✓
• D) Hospital administrative overhead
11. The executive summary should be written:
• A) First, to guide the plan
• B) Last, as a concise overview of the entire plan ✓
• C) Only if seeking external funding
• D) By the finance department alone
12. What is the formula for the Contribution Margin per unit?
• A) Total Revenue / Number of Units
• B) Price per Unit - Variable Cost per Unit ✓
• C) Fixed Costs / (Price per Unit - Variable Cost per Unit)
• D) Net Income / Total Revenue
13. In a business plan, the "market analysis" section should identify:
• A) Detailed staff job descriptions
• B) Competitors, target population, and market trends ✓
• C) Monthly cash flow for Year 1
• D) Policy and procedure manuals
14. What is the payback period?
• A) The point where total revenue equals total costs
