1. The five major parts of the business plan are: introduction, management, marketing, financial and SWOT.
True
False

2. The part of the plan that summarizes the longer report in such a way the readers can quickly become acquainted with the larger body of material.
Cash Flow Analysis
Target Market Summary
Market Segmentation
Executive Summary

3. The time frame for completing the business plan is?
Two weeks
Three weeks
Four weeks
Seven weeks

4. In the operating procedures section, the areas that need to be addresses are?
Location of business.
Nature of your type of business.
Plans for expansion
All of the above

5. The reason for writing the business loan is to?.
Sample the target market
Obtain money
Produce financial statements
Organize workflow

6. Who determines profitability of the venture, prepares break-even analysis, prepares monthly financial statements and pays staff?
CEO
Administrative Assistant
CFO
Web Master

7. Keeping employees on track is a huge job and there is no mechanism in place outlined in the Lovebytes business plan.
True
False

8. A part of market analysis involves looking at competitors, both real and virtual.
True
False

9. You might want to undercut the competitor's price, since you are selling on-line instead of from a physical building.
True
False

10. A defined segment of the market that is the strategic focus of a business.
Market Segment
Target Market
Demographic
Geographic

11. The more closely you can define your particular target market, the better success you will have.
True
False

12. Before completing the ________ ________ you should decide on which assets are necessary to run your business.
business loan
income statement
cash flow
break even

13. It is not just enough to project financial statements in the business plan, you should also explain the statements and where the numbers came from.
True
False

14. The myth that it is not cool to get a date using a computer matchmaking service, could be classified as a ?
External Opportunity
External Threat
Internal Weakness
Internal Strength

15. Having the ability to have our matchmaking software run on tablets and cell phones is considered?
External Opportunity
External Threat
SWOT
None of the above

Business Plan Test

First Name  
Last Name  

Score