Exam 7: Writing An Effective Business Plan: Building A Road Map to Success

Assume that an entrepreneur has been successful in starting a new business and now wants to sell shares in the business to the public;those shares to trade on a national exchange. This first selling of shares is known as a/an

When thinking about potential risks that new ventures face,which would NOT be an example?

Discuss the seven deadly sins,errors all entrepreneurs should avoid,of a business plan.

The executive summary is a brief,clear,and persuasive overview of what is in the entire business plan.

Investors generally do not require a business plan before they will invest in a new firm.

Describe the major sections of a business pan.

What is a proforma income statement? Why is it important?

Which part of the business plan should address the company's goals;what it hopes to accomplish?

Discuss the importance of a business plan and what questions it should answer.

To turn a rejected business plan into an opportunity to learn and improve,an entrepreneur should

Which of the following statements is NOT true about business plans?

Why is break-even analysis important in the business plan?

The management section of a business plan includes information on the company's current financial state and offers projections for future needs.