Question 1

A business plan should have a table of contents that lists all the major plan sections and subsections by page number.

Accepted Answer

A) True 
 B)False  True

Question 2

The operational plan section of a business plan created for an e-business should also contain information on the operations of its Web site and how online activities are integrated into overall operations.

Accepted Answer

A) True 
 B)False  True

Question 3

A startup e-business's key strategic partners can help it build market awareness and assist in its actual operations by providing services, such as product warehousing and shipping.

Accepted Answer

A) True 
 B)False  True

Question 4

A(n)_______________includes all the businesses that make or sell similar or complementary products or services.

Accepted Answer

The answer of A(n)_______________includes all the businesses that make or...

Question 5

A_______________included in a financial plan shows the amount of sales needed to cover fixed and variable expenses.

Accepted Answer

The answer of A_______________included in a financial plan shows the...

Question 6

Which of the following items is generally included in the management plan section of a business plan?

Accepted Answer

A)   detailed resume for each top team member
B)   a "deal plan" itemizing ownership in the business
C)   a break-even analysis
D)   a brief description of key employees, outside advisors, mentors, and consultants

Question 7

In which of the following legal forms of business organization are the owner and business considered to be one and the same in terms of tax status and legal liability?

Accepted Answer

A)   sole proprietorship
B)   corporation
C)   limited partnership
D)   b and c

Question 8

Business plan templates and tips can be found at the_______________government Web site.

Accepted Answer

The answer of Business plan templates and tips can be...

Question 9

A business plan's marketplace analysis section should include information about the specific industry in which the business will operate.

Accepted Answer

A) True 
 B)False

Question 10

The business planning process is dynamic and ongoing.

Accepted Answer

A) True 
 B)False

Question 11

Discuss the importance to a startup e-business of developing strong relationships with strategic partners.

Accepted Answer

The answer of Discuss the importance to a startup e-business...

Question 12

A projected income statement shows a business's anticipated revenues, expenses, and net profit or loss over a specific period of time.

Accepted Answer

A) True 
 B)False

Question 13

The management plan section of a business plan includes information about a new business's key employees, advisors, mentors, and consultants.

Accepted Answer

A) True 
 B)False

Question 14

For an e-business selling a_______________, the products or services section of a business plan should explain what it is, how it works, what makes it unique, and how potential customers can benefit from it.

Accepted Answer

The answer of For an e-business selling a_______________, the products...

Question 15

Which of the following items is typically included on a business plan cover sheet?

Accepted Answer

A)   list of products and services
B)   a "Confidential" notation
C)   names of the key management team members
D)   contact numbers

Question 16

An issues analysis identifies both threats and opportunities a new e-business may encounter from outside influences such as economic changes, impending product innovations, technological advancements, and government regulations.

Accepted Answer

A) True 
 B)False

Question 17

The marketplace analysis portion of a business plan should contain information about the_______________of targeted customers such as age, gender, and income level.

Accepted Answer

The answer of The marketplace analysis portion of a business...

Question 18

A general partnership is a legal business entity that:

Accepted Answer

A)   distributes profits to its partners according to the terms of a partnership agreement
B)   consists of a general partner and multiple limited partners
C)   limits each partner's liability to his or her capital contribution
D)   has its profits taxed twice: once as partnership income and again when the profits are distributed to individual partners

Question 19

The financial plan section of a business plan describes a business's physical location and equipment as well as the manufacturing or service actions necessary to get the business's products and services to customers.

Accepted Answer

A) True 
 B)False

Question 20

The minimum length for a business plan's executive summary is five pages.

Accepted Answer

A) True 
 B)False

Exam 3: Creating an E-Business Plan

A business plan should have a table of contents that lists all the major plan sections and subsections by page number.

The operational plan section of a business plan created for an e-business should also contain information on the operations of its Web site and how online activities are integrated into overall operations.

A startup e-business's key strategic partners can help it build market awareness and assist in its actual operations by providing services, such as product warehousing and shipping.

A(n)_______________includes all the businesses that make or sell similar or complementary products or services.

A_______________included in a financial plan shows the amount of sales needed to cover fixed and variable expenses.

Which of the following items is generally included in the management plan section of a business plan?

In which of the following legal forms of business organization are the owner and business considered to be one and the same in terms of tax status and legal liability?

Business plan templates and tips can be found at the_______________government Web site.

A business plan's marketplace analysis section should include information about the specific industry in which the business will operate.

The business planning process is dynamic and ongoing.

Discuss the importance to a startup e-business of developing strong relationships with strategic partners.

A projected income statement shows a business's anticipated revenues, expenses, and net profit or loss over a specific period of time.

The management plan section of a business plan includes information about a new business's key employees, advisors, mentors, and consultants.

For an e-business selling a_______________, the products or services section of a business plan should explain what it is, how it works, what makes it unique, and how potential customers can benefit from it.

Which of the following items is typically included on a business plan cover sheet?

An issues analysis identifies both threats and opportunities a new e-business may encounter from outside influences such as economic changes, impending product innovations, technological advancements, and government regulations.

The marketplace analysis portion of a business plan should contain information about the_______________of targeted customers such as age, gender, and income level.

A general partnership is a legal business entity that:

The financial plan section of a business plan describes a business's physical location and equipment as well as the manufacturing or service actions necessary to get the business's products and services to customers.

The minimum length for a business plan's executive summary is five pages.